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Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’
10.10.2022
The company says Electronic Dollars (eUSD) will be “the first data-protecting stablecoin.”
Over 12,000 Brazil companies declare crypto holdings in record high
10.10.2022
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings
9.10.2022
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most...
US DOC agency NIST explores security, safety, trust of stablecoins
8.10.2022
The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization
Distribution of assets is 'not possible at this time', says Luna Foundation Guard
8.10.2022
The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers
Crypto Biz: NYDIG stacks sats, Elon buys Twitter
7.10.2022
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter
MakerDAO goes ahead with $500M investment in treasuries and bonds
7.10.2022
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield
Web3 must bridge back into Web2 for real cash flows — Checkout.com VP
6.10.2022
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman
Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans
6.10.2022
Stablecoin Issuer MakerDAO to Invest $500M in US Treasurys, Corporate Bonds
6.10.2022
The transition was initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum
European Regulator Lists What is Needed for 'Responsible Crypto Sector'
5.10.2022
More dialogue between the crypto industry and supervisors, consumer education, “rigorous compliance,” and even a “mind shift” for some crypto firms are necessary for creating a “responsible” crypto sector, said José Manuel Campa, chairperson of the European Banking Authority (EBA)....
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Biden Administration Urges Speed Up of Crypto Regulation as Recession Fears Rise
4.10.2022
US President Joe Biden’s administration urged Congress to pass laws that will clarify how cryptoassets should be regulated, amid increasing fears of a global recession.
The group of financial regulators comprising the US Financial Stability Oversight Council issued a report on Monday, calling...
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year
What is the economic impact of cryptocurrencies?
1.10.2022
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
30.9.2022
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas...
Central banks can push DeFi into mainstream: Swiss National Bank official
30.9.2022
A combination of centralization and decentralization is a perfect mix for the development of crypto and DeFi, according to a Swiss National Bank official
Texas, Vermont regulators object to Celsius stablecoin sale plan
30.9.2022
A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds
US lawmaker hints at calling for Republican votes in 2022 Midterms over crypto policies
29.9.2022
Representative Patrick McHenry said regulatory clarity for digital assets would be one of his "top priorities" if he became the next chair of the House Financial Services Committee
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
29.9.2022
Texas state agencies are raising an objection to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing