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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...
CBDCs, Stablecoins & Crypto Can Disrupt Traditional Finance – Moody’s
14.9.2021
="https://cryptonews.com/tags/facebook/">Facebook, and fintech firms like Square or PayPal, will become key forc
HaloDAO Lists on AscendEX
13.9.2021
PRESS RELEASE. AscendEX is thrilled to announce the listing of the HaloDao token (RNBW) under the pair USDT/RNBW on Sept. 13 at 1 p.m. UTC. HaloDAO intends to unlock potential for non-USD stablecoins to generate permissionless on-demand liquidity. They are building their Protocol in the Balancer...
US Treasury Department Officials Discuss ‘Risks and Benefits Posed by Stablecoins’ With Players From Financial Industry
13.9.2021
The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins...
Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion
10.9.2021
The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled...
Diem struggling to win over officials in Washington despite rebranding efforts
10.9.2021
Diem’s push to launch stablecoins and a global payment system might suffer from the seemingly brewing anti-crypto sentiment among key U.S. policymakers
CBDC Race, Blockdaemon Unicorn, Harmony & Algorand Pour Millions + More News
10.9.2021
lity. "The time has passed for central banks to get going. We should roll up our sleeves and accelerate our work on the nitty-gritty of CBDC design. CBDCs will take years to be rolled out, while stablecoins and cryptoassets are already here. This makes it even more urgent to start," Benoît Cœu
Which stablecoins were actually 'stable' during this week's sudden Bitcoin price crash?
9.9.2021
Crypto traders flocked to the safety of stablecoins during the Sept. 7 market crash
Afterpay ‘absolutely’ keen to explore crypto services after regulations clarified
9.9.2021
Afterpay spoke as part of the Senate inquiry into “Australia as a Technology and Financial Center” and Lee Hatton said there would be enough consumer demand to offer crypto services
Stablecoins: crypto house of cards?
8.9.2021
In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins
Afterpay tells Senate inquiry crypto could slash merchant payment costs
8.9.2021
Afterpay told the Australian Senate that using crypto could cut payments costs for merchants, and that the government should work to create a framework for an AUD-backed stablecoin
Credit Agency Moody’s Looks to Hire Crypto Analyst, Strong Understanding of Defi Important
6.9.2021
One of the Big Three credit rating agencies, Moody’s Corporation, often referred to as Moody’s, has listed an employment opportunity for a “crypto-asset analyst.” Moreover, Moody’s job listing shows the company is very interested in the “wide-reaching...
Bitcoin Market Dominance Dips Down to 40% While Ethereum and Other Crypto Market Caps Swell
5.9.2021
While bitcoin prices have risen in value during the last two weeks, bitcoin dominance levels have slipped to lows not seen since the June 6 low of 41%, and the dip to 39.97% on May 16, 2021. Depending on the crypto market price aggregator leveraged, bitcoin’s dominance has been between...
From $250 Billion to $2.35 Trillion: A Look at the Top Ten Crypto Market Cap Shifts Over 2 Years
3.9.2021
While the crypto economy is worth more than $2.35 trillion, there’s a variety of new cryptocurrencies that have claimed top ten positions, in terms of market capitalization, in recent times. Two years ago, the top ten crypto assets by market cap looked a lot different than today, and things...