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Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC
28.3.2023
The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.
The call for the new type of stablecoin came in a blog post on Thursday where the exchange said it is “particularly interested in ‘flatcoins’ – stablecoins that...
Binance's BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit
28.3.2023
Some analysts say Binance’s recent decision to include other stablecoins in its zero-fee trading program could have contributed to lesser dependence on BUSD
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
28.3.2023
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in...
MakerDAO passes new 'constitution' to formalize governance process
27.3.2023
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
27.3.2023
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million
Terraform Labs co-founder on S.Korea crosshair following Do Kwon arrest
27.3.2023
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...
In-Chat Tether Transfers Introduced in Telegram
25.3.2023
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger...
MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan
24.3.2023
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented
Exclusive Interview: Tether Co-Founder Says FTX Collapse Set Industry Back, But This One Event Could Cause a 75% Crash
24.3.2023
When it comes to the world of cryptocurrency, few names are as well-known as William Quigley.
As the co-founder of Tether and CEO of WAX, he has played a pivotal role in shaping the industry and driving its growth.
Recently, Cryptonews had the opportunity to sit down with Mr. Quigley to discuss...
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
24.3.2023
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
23.3.2023
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed
Telegram Messenger App Launches USDT Transfer Feature Within Chats, Expanding Crypto Services – Crypto Adoption on the Rise?
23.3.2023
Telegram users can now transfer the world's most popular stablecoin, tether (USDT), through chats.
The news was tweeted by the TON blockchain, with the team writing: "Imagine being able to buy and sell crypto via a messaging app. Now imagine it's already here," adding the link to...
Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin
23.3.2023
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair
Xapo Bank to enable USDC deposits and withdrawals
22.3.2023
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees
Adopting CBDC could destabilize banks, help households, US Treasury study says
22.3.2023
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
22.3.2023
Tether sold at a slight premium earlier this month even as most stablecoins were dented
Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria, India to Hit 156M Crypto Users This Year, Xapo Bank Integrates USDC Payment Rails
21.3.2023
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: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria...
Mastercard to settle transactions for stablecoin wallet in APAC
21.3.2023
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
17.3.2023
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said