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South Korean central bank eyes MiCA, says future regulations may allow ICOs again
29.8.2022
A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution
29.8.2022
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part...
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
26.8.2022
Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
26.8.2022
Algorithmic stablecoin USDN fell to $0.90 marking the fourth time that it failed to defend its dollar peg in 2022
Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps
26.8.2022
Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91
ATOM price is reaching for the Cosmos, but why?
25.8.2022
Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week. Which is exactly why its 35% rebound is raising eyebrows
Amendments to US commercial code differentiate crypto and ‘electronic money’
25.8.2022
The updated guidelines seek to clarify the terms of crypto assets lending and specify the status of CBDCs
Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations
24.8.2022
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published...
Morgan Stanley Analyst Says Crypto Economy’s Liquidity Improved, but There’s ‘No Huge Demand to Re-Leverage’
22.8.2022
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer...
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
22.8.2022
3.022 billion aUSD were previously minted via a liquidity bridge glitch
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
22.8.2022
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...
10 Traditional Companies that are Moving into Crypto Despite Market Downturn
20.8.2022
Big traditional companies have continued to embrace crypto in a variety of ways over the past year, despite the current market downturn.
To keep you up to date on who is doing what to secure their slice of the crypto economy, we have gathered a list of 10 traditional companies that have recently...
Independent Tether attestation reveals 58% decrease in commercial paper holdings
19.8.2022
An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities
HUSD Stablecoin Returns to $1 Peg After Liquidity Problems
19.8.2022
The HUSD stablecoin, which is issued by Stable Universal, has returned to its $1 peg after suffering "liquidity problems" in relation to a closed market maker account
Huobi explains what went wrong with HUSD after stablecoin is back on track
19.8.2022
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations
New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
19.8.2022
Stablecoin issuer Tether has cut its commercial paper exposure to $8.6 billion, with a reduction to $200 million on track by the end of the month
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
19.8.2022
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield...
Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
18.8.2022
South Korean regulators say they will move to regulate stablecoins in the wake of the “Terra/LUNA incident.”...
Read More: Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...