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Check Out FSB's Roadmaps for Stablecoins and CBDCs
13.10.2021
The Financial Stability Board (FSB), a think-thank that provides financial policy recommendations to the G20, is looking to fix the “challenges that cross-border payments” experience by “examining” the use of “global stablecoin arrangements” and central bank digital currencies (CBDCs)....
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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies
12.10.2021
On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such...
JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply
12.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry. Bitcoin...
Elrond Partners with Ardana to Help EGLD Collateralize Stablecoins
8.10.2021
Elrond and Ardana joined hands to promote EGLD’s collateralization operations. The integration will help EGLD be counted as foremost among the cross-chain assets that help to collateralize the stablecoins released on Cardano using Ardana. The announcement came recently after Elrond established...
Magic Internet Money races past $1B, sets sights on MakerDao
8.10.2021
Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings
Countries Should Prevent 'Regulatory Arbitrage' for Stablecoins – FSB
7.10.2021
ecoin space.The emergence of global stablecoins (GSCs) would pose greater risks to financial stability than existing stablecoins, said the report, and it may also "challenge the comprehensiveness and effectiveness of existing regulatory, supervisory and oversight approaches."The FSB re
Youth Fashion Retail Chain Pacsun Now Accepts 11 Cryptocurrencies
7.10.2021
On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards...
Circle reveals cooperation in ongoing SEC investigation
5.10.2021
Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
2.10.2021
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto...
Maker Rises as Societe Generale Asks for Loan Backed by Bond Tokens
1.10.2021
stablecoins using a tokenized bond as collateral.As of 13:40 UTC, MKR was up by 7.5% over the past 24 hours to trade at USD 2,443. The price was rallying even before almost the whole market moved higher sharply, with
Crypto in Chaos, but Blockchain-powered Pay and Stablecoins Thrive in S Korea
27.9.2021
based pay and fiat KRW-pegged stablecoins.The Korea Minting and Security Printing Corporation (KOMSCO) is a firm that until relatively recently made its money from cash: the company prints banknotes and mints coins for the treasury.But in recent years, it has moved away from paper and
SEC Denies Freedom of Information Act Request Concerning Tether Documents
26.9.2021
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests...
USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months
25.9.2021
As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since...
HSBC CEO backs CBDCs against crypto and stablecoins
22.9.2021
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level
US Watchdogs Send More Warning Signs to Altcoins & DeFi, But Coinbase Has a Plan
22.9.2021
ing to steal a march on regulators – by issuing its own proposals for policing the sector.In a video interview with the Washington Post, Gensler likened stablecoins to gambling tokens, stating that “Stablecoins are acting almost like poker chips at the casino gaming tables.”He stated that
SEC chair compares stablecoins to casino poker chips
21.9.2021
"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler
Avalanche Defi Platform Vee Finance Attacked — $35 Million in ETH, BTC Siphoned
21.9.2021
On September 21, 2021, an Avalanche-based decentralized finance (defi) platform Vee Finance announced that it suffered from an incident that siphoned 8,804 ether and 213 bitcoin out of the system. The team has suspended the defi platform contracts and stressed that the stablecoins have not been...
Treasury plots stablecoin crackdown even as Tether’s dominance wanes
17.9.2021
While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively
ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious
17.9.2021
The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation...
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
16.9.2021
On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K...