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Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations
22.7.2023
The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital assets to the stablecoin tether on or before Aug....
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...
Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin
21.7.2023
Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3 2023, which was inspired by an article written...
Stablecoin dominance slides as market cap falls to near 2-year lows: CCData
21.7.2023
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization
US law protects institutions and exposes retail investors — Rep. Torres
20.7.2023
New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
19.7.2023
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD
SEC vs. Ripple: Huge win for crypto
19.7.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market
Shinhan Bank and SCB TechX conclude stablecoin remittances on Hedera
19.7.2023
Blockchain technology is gaining traction. Making this evident is the recent incident of Shinhan Bank and SCB TechX successfully completing the stablecoin remittance. The task was achieved on the Hedera Network, which is known for being an open-source public network. Specifically speaking, the task...
Hedera Network Powers Shinhan Bank's Successful Test of Stablecoin Payments
19.7.2023
The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network.
According to the press release, the pilot included SCB TechX, Siam Commercial Bank's technology innovation business unit....
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South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
18.7.2023
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real time in its second stablecoin pilot project
Crypto Billionaire Arthur Hayes and Dragonfly Lead $6 Million Funding Round for Ethena's Stablecoin and Bond Token Platform
18.7.2023
Crypto startup Ethena has successfully raised $6 million in a seed funding round led by crypto venture capital firm Dragonfly and billionaire Arthur Hayes.
The Portugal-based company intends to use the funds to launch its stablecoin and bond asset, scheduled for the third quarter of this...
Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO & Top Execs, Cronos Partners with Ubisoft
18.7.2023
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: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO...
Republicans and Democrats Collaborate on Stablecoin Legislation in the House
18.7.2023
Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States.
Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans...
Aave Launches GHO Stablecoin on Ethereum Network
17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
17.7.2023
The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023
Aave's Dollar-Pegged GHO Stablecoin Achieves $2.5M Market Cap within 48 Hours
17.7.2023
In just 48 hours of being launched, Aave's GHO, an algorithmic stablecoin pegged to the United States dollar on the Ethereum network, has already achieved a total minting value of $2.5 million.
On July 15, Aave launched GHO, a decentralized and over-collateralized stablecoin backed by a variety...
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity: Circle exec
17.7.2023
Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC; it all looks rosy, he said
FSB Releases Proposals For a Tougher Global Crypto Framework
17.7.2023
The Financial Stability Board (FSB) has called for improved global digital asset regulation with the safety of user assets at the center of policies.
The international financial body which acts as a standard-setter rolled out plans to proffer recommendations to help curb the crypto-related...
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
17.7.2023
The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life
FSB finalizes its recommendations for a global crypto framework
17.7.2023
The Financial Stability Board states that crypto platforms must segregate the client’s digital assets from their own funds and clearly separate their multiple functions to avoid conflict of interest