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Nigeria’s Bitcoin interest unfazed by regulatory restrictions
2.6.2024
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin
Be persistent with the SEC, says Franklin Templeton digital asset head
1.6.2024
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...
Navigating the waters of stablecoins: The Lummis-Gillibrand Payment Stablecoin Act
31.5.2024
In a move poised to bring significant changes to the digital currency landscape, United States Senators Kirsten Gillibrand & Cynthia Lummis have introduced a new bill aimed at regulating payment stablecoins. Known as the Lummis-Gillibrand Payment Stablecoin Act, this legislation sets...
Stablecoin market cap rises to 2-year highs as dominance slides to 6%: CCData
30.5.2024
After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May
Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan
29.5.2024
Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of...
South African Central Bank Opts Against Publishing CBDC Study Findings
29.5.2024
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with...
Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts
28.5.2024
Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts have turned to stablecoins.
The post Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts appeared first on Cryptonews
‘Yield-bearing stables’ are not money or stablecoins: Agora’s van Eck
28.5.2024
Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck
Uniswap reveals assets ahead of fee mechanism vote
26.5.2024
During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants
Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins
25.5.2024
Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto,...
Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in
24.5.2024
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers
UK Sets July 4 Date for Election Likely to Oust Conservative Party, Spelling Uncertainty for Crypto Hub Plans
22.5.2024
The Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country
Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield
21.5.2024
On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim...
Central Bank of Brazil Aims to Finalize Crypto Regulations This Year
21.5.2024
The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this...
Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report
21.5.2024
South Korean analysts think new challenges await the “next generation” of stablecoins, as the industry continues to develop.
The post Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report appeared first on Cryptonews
Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins
19.5.2024
Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Maker’s Endgame Plan...
Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound
17.5.2024
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges...
India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
16.5.2024
The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents
Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated
16.5.2024
Paul Ryan said last week that stablecoins may help drive demand for dollars and U.S. debt.
The post Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated appeared first on Cryptonews