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Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
31.10.2022
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...
Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
28.10.2022
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.
In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value...
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
27.10.2022
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore...
The UK has a new name for stablecoins and a new bill to regulate crypto
26.10.2022
The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom
Stablecoins: A New Key to Success in the Current Crypto Market
25.10.2022
TKTK
Inflation-pegged 'flatcoin' launches testnet to track the cost of living
25.10.2022
The concept of an inflation-linked "stablecoin" has been trialed before, but time is yet to prove whether it is working as intended
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
25.10.2022
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings
IRS Updates Crypto-Related Instructions for 2022 Tax Filing
25.10.2022
The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New...
South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
24.10.2022
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
24.10.2022
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include...
Hong Kong Presents Digital Currency Prototype, Project Aurum
24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
22.10.2022
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin...
CBDCs Can Work With Stablecoins, Central Bank Trial Finds
21.10.2022
The central bank claims its prototype as a success that safeguards flexibility and privacy
Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments
20.10.2022
Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better
Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief
20.10.2022
Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp
There were vast discrepancies in crypto markets during Q3: Report
19.10.2022
The total crypto market cap actually increased in Q3 following a series of devastating sell-offs earlier this year
Protections Needed to Stop Digital Pound Ousting Stablecoins, Lawmakers Told
19.10.2022
Anti-fraud measures might need to go wider, committee members considering new stablecoin laws heard from private sector witnesses
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
19.10.2022
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new 'Digital Asset' category
Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments
17.10.2022
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using...