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Yield App Unveils Higher Yield Passive Income Product
1.9.2022
PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative. The new crypto passive income product suite...
First Mover Asia: Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
1.9.2022
Sasha Ivanov told CoinDesk the USDN model uses four tokens to supply liquidity and to help the stablecoin retain its $1 peg
Bybit expands spot USDC trading pairs as support for stablecoins grows
31.8.2022
The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars
Morgan Stanley Says Stablecoin Market Cap Is Contracting Again
31.8.2022
The combined market capitalization of the two largest stablecoins, tether and USD Coin, has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed
Tether responds to Wall Street Journal ‘disinformation’
30.8.2022
To attack Tether’s reserves [...] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said
Hubble Protocol Launches Kamino Finance to Optimize Yields for Liquidity Providers on Solana
30.8.2022
PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized...
Stablecoin Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
30.8.2022
Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets."
Adoption Picks up Pace in LATM with Brazilian Central Bank’s DeFi Project & Developments in Argentina
30.8.2022
Crypto adoption is on the march in Brazil, where the nation’s Central Bank has commissioned a commercial banking giant to build a DeFi solution for its prototype central bank digital currency (CBDC). Meanwhile, across the border in Argentina, a city says that it will accept tax payments made using...
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...