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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’
21.10.2021
On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto...
Diem tells Senators on the warpath over Novi: We're not actually Facebook
21.10.2021
In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization”
Stablecoin USDC Launches on Hedera Network
20.10.2021
Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With...
Mashinsky says USDT is minted for crypto as $1M bounty offered to unpick reserves
20.10.2021
Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.”
Powerful blockchain lobby group urges Washington not to overregulate stablecoins
19.10.2021
The stablecoin market is valued at over $130 billion and growing rapidly, putting federal regulators on high alert over systemic risk
Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets
18.10.2021
American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive”...
Coingecko Publishes Q3 Crypto Report — BTC Outperformed Every Major Asset Class, Altcoins Decouple
15.10.2021
On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by...
Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
13.10.2021
On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized...
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...