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JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
29.1.2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural...
US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation
28.1.2023
The chairman of a newly formed digital assets committee, U.S. Congressman French Hill, has outlined some priorities to regulate the crypto sector and ensure America is the place for fintech and blockchain innovation. “We want a regulatory framework that’s transparent for developers...
Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of Money
27.1.2023
Today in Crypto: Moody’s to Develop a Scoring System for Stablecoins, Hive Ransomware Group Dismantled, Animoca Brands Subsidiary Hiring a Head of Degen Relationships
27.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Moody’s to Develop a Scoring System for Stablecoins, Hive Ransomware Group Dismantled, Animoca Brands...
Moody’s to build scoring system for stablecoins: Report
26.1.2023
Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets
Moody’s Developing Scoring System for Stablecoins: Bloomberg
26.1.2023
The move comes as the quality of stablecoin reserves continues to receive scrutiny
ViaBTC Capital and CoinEx Release the 2022 Crypto Annual Report: Review of Nine Sectors and Forecast of Crypto Trend in 2023
26.1.2023
In January 2023, ViaBTC Capital and CoinEx jointly released the 2022 Crypto Annual Report to offer data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies. This report also predicts the crypto trend...
Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO
25.1.2023
Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since
Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program, China’s Blockchain Network to be the Swift of Stablecoins & CBDCs
23.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program...
Stablecoins Lead the Charge as Crypto Buying Accelerates in Argentina
23.1.2023
Crypto adoption in Argentina continues to rise amid soaring hyperinflation. A new survey revealed that 17% of people in the country bought crypto late year – with over 50% of people of that amount choosing stablecoins....
Read More: Stablecoins Lead the Charge as Crypto Buying Accelerates...
Japan’s FSA expects to allow certain stablecoins by June 2023
23.1.2023
There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said
Can Banks Issue Stablecoins?
23.1.2023
There is no law that bans U.S. banks from issuing paper or digital private banknotes, American Institute for Economic Research economist Thomas Hogan argues
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
23.1.2023
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind...
Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program
23.1.2023
The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment...
Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos
23.1.2023
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project
Bank of America: ‘Digital Currencies Appear Inevitable’
22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
19.1.2023
In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
17.1.2023
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a...