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XRP Price Prediction as Pacific Island of Palau Begins to Trial Stablecoin Built on XRP Ledger – Adoption on the Rise?
27.7.2023
The XRP price has risen by 2% in the past 24 hours, rising to $0.716275 after the Federal Reserve raised its base rate by 0.25% yesterday.
Despite rate hikes usually having a negative effect on financial markets, investors seem to regard yesterday's move as one of the last the Federal Reserve will...
Bitcoin bull run next? Bitfinex stablecoin ratio 'blows up' in 2023
27.7.2023
A "major leading indicator" for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
26.7.2023
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD)...
Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
26.7.2023
The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August
Binance lists new zero trading fee stablecoin, halts shortly after on technical issues
26.7.2023
Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
26.7.2023
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
25.7.2023
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins...
Former CFTC chairman says stablecoins can be a bridge between two worlds
25.7.2023
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations
Wyoming seeks stable token commission head in first steps to establish state stablecoin
25.7.2023
The state is looking for someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary
3 reasons why Maker (MKR) fundamentals hint at further price upside
24.7.2023
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
24.7.2023
The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
Today in Crypto: WeChat & Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalties to NFT Projects on Ethereum, Hana Bank & Woori Bank 'Interested in Certificate of Deposit' Tokens
24.7.2023
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: WeChat & Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalties to...
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
24.7.2023
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments
South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives
24.7.2023
South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits.
Per the newspaper Maeil Kyungjae, Hana Bank is now “actively participating” in the BOK’s ongoing CBDC Proof of Concept project.
The...
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