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PortuguêsWAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token. Algorithmic stablecoins have had a rough…
Continue ReadingAs stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly. Australian financial regulators are “working on options” for incorporating payment stablecoins into the…
Continue ReadingThe potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. After passing its landmark legislation on stablecoins…
Continue ReadingWhile CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins. For over 14 years, central banks worldwide have seen blockchain…
Continue ReadingStablecoin issuer Circle, a peer-to-peer payments technology company behind the popular USDC stablecoin, was quick to clarify that its decision to abolish its plans of going public has nothing to…
Continue ReadingBTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5 Bitcoin (BTC) bulls regained some control on Nov.…
Continue ReadingTRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not…
Continue ReadingCrypto is about to enjoy massive adoption in Brazil. The south American nation, through its Chamber of Deputies, has successfully passed a legal measure that will make the use of…
Continue ReadingThe collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins? If early November’s FTX collapse was crypto’s “Lehman…
Continue ReadingThe Chief Economist at Israel’s Ministry of Finance, Shira Greenburg, published a list of recommendations for the regulation of digital assets on 28 November. She called for a more comprehensive…
Continue ReadingOver 70% of the community’s votes were against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets. Decentralized lending protocol MakerDAO has voted against crypto investment firm CoinShares’ proposal…
Continue ReadingThere are a number of benefits associated with tokenized government bonds, yet adoption may take time. A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize…
Continue ReadingDuring the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that…
Continue ReadingThe market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd,…
Continue ReadingYou can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They…
Continue ReadingAcross crypto and fiat, many consumers are making a fatal error: they’re letting their assets sit idle in accounts without earning interest. There’s no escaping it: the DeFi markets have…
Continue ReadingAccording to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks. The fall of crypto giants this year reignited questions…
Continue Reading‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based…
Continue ReadingThe SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins. Major cryptocurrency exchanges continue to carry out measures in…
Continue ReadingNestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX.…
Continue ReadingThe stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency. Tether issued a short statement…
Continue ReadingThe audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds. The Luna Foundation Guard (LFG)…
Continue ReadingHuobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi…
Continue ReadingFTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Cryptocurrency…
Continue ReadingThe USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. Stablecoin issuer Tether Holdings Limited published its…
Continue ReadingTron’s stablecoin USDD de-pegged following significant USDD conversions to USDT and USDC TRX has since recorded massive coin distribution leading to a further price decline amid the FTX debacle Amid…
Continue ReadingTether follows TRON’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research. Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin…
Continue ReadingWallets associated with Sam Bankman-Fried’s Alameda Research could be behind the dollar de-peg, alleges Tron‘s founder. In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar,…
Continue ReadingWhile the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini…
Continue ReadingAlameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX. An ongoing selloff in the FTX Token (FTT) market could…
Continue ReadingAccording to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC…
Continue ReadingDo Kwon, the co-founder and Chief Executive Officer (CEO) of Terraform Labs, is now in hotter water following a crucial discovery made by South Korean prosecutors that could undermine his…
Continue ReadingSoftware giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part…
Continue ReadingThe Canadian federal government yesterday announced the launch of a consultation paper on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). The information was revealed in the Fall Economic Statement…
Continue ReadingThe Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon. Circle, the issuer behind USD Coin (UDSC), announced that it has now begun…
Continue ReadingCanada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. The Canadian…
Continue ReadingOn-chain data shows the stablecoin exchange inflow mean has reached a new all-time high, here’s why this might prove to be bullish for Bitcoin. Stablecoin Exchange Inflow Mean Has Surged…
Continue ReadingThe crypto gateway provider Fasset and Singapore’s Digital Treasures Center are among the startups entering the latest Mastercard Start Path program. Global payment giant Mastercard continues supporting cryptocurrency and blockchain…
Continue ReadingOver three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…
Continue ReadingThe Union Bank of the Philippines, Inc., more commonly known as Unionbank, announced that the financial institution launched bitcoin and ethereum custody and trading services. The ninth largest bank in…
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