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Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero
14.10.2022
On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero...
Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision
12.10.2022
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies
Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins
12.10.2022
After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year at DC Fintech Week
Financial Stability Board opens proposed crypto regulatory framework for public comments
11.10.2022
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
10.10.2022
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report
US DOC agency NIST explores security, safety, trust of stablecoins
8.10.2022
The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization
Stablecoins shed $38B since May as yields plunge, projects collapse
6.10.2022
An estimated $148.7 billion worth of stablecoins are still in circulation
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...
Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says
3.10.2022
The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
3.10.2022
The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
30.9.2022
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas...
Texas, Vermont regulators object to Celsius stablecoin sale plan
30.9.2022
A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds
Interview With BISON app CEO Ulli Spankowski – Part 1: It’s Time to Build Crypto Product and Why Europe is Smart and Stablecoins are Strategies
29.9.2022
In the first of a two-part interview, Cryptonews spoke exclusively to Dr Ulli Spankowski, head of digital assets at Börse Stuttgart, founder of Sowa Labs and the BISON app, as well as being the CEO of the latter.
In what was a wide-ranging discussion, Ulli provided insights on developments in...
Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC
29.9.2022
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto...
Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
28.9.2022
Allaire believes that privacy and identity are two fundamental pillars of a new Web3
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
28.9.2022
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative
Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry
25.9.2022
The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets....
Read More: Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry
Wintermute suffers $160M attack, Kraken CEO departs and US bill aims to ban algo stablecoins: Hodler’s Digest, Sept. 18-24
24.9.2022
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
A Former CFTC Chair Thinks There is No Need For New Laws on Stablecoins: Here’s What He Said
23.9.2022
Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC) and a current research fellow at Harvard's Kennedy School of Government, argued that regulatory progress on stablecoins can be made immediately by utilizing the current laws....
Read More: A Former CFTC Chair Thinks...
Jamie Dimon Attacks Crypto Tokens as ‘Decentralized Ponzi Scheme’ But He’s Happy With Regulated Stablecoins
22.9.2022
Jamie Dimon, the chairman and CEO of Wall Street investment bank JPMorgan, has taken another swing at cryptocurrencies, with a particular focus on bitcoin (BTC), telling the U.S. Congress that cryptos were “decentralized Ponzi schemes”. At the same time, Dimon said he accepts the added value...