2022-5-22 08:18 |
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
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Their departure follows last week’s unrecoverable downfall of the TerraUSD (UST) stablecoin and native token LUNA.
2022-5-18 16:27 | |
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Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns.
2022-5-18 20:51 | |
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The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under […]
2022-5-13 13:39 | |
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Lugano has fully embraced cryptocurrencies after partnering with Tether, the leading stablecoin issuer. However, it didn’t go as far as El Salvador
2022-3-4 22:14 | |
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El Salvador recently became the first country to adopt Bitcoin as a legal tender in financial transactions, and now it plans to issue a stablecoin. The President, who calls himself “the coolest president in the world,” took the first step to equip his citizens with a digital means of paying for goods & services.
2021-7-24 21:24 | |
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In June, El Salvador became the first country in the world to make bitcoin legal tender, just days after millennial president Nayib Bukele announced his ambitious crypto vision during the 2021 Miami Bitcoin extravaganza.
2021-7-18 16:51 | |
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British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country.
2021-3-31 14:09 | |
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The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector.
2021-3-18 19:31 | |
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The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine stablecoin future within its jurisdiction.
2021-2-25 18:00 | |
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Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European startup of the same name.
2020-12-9 07:39 | |
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The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.
2020-12-4 21:43 | |
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“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.”
2020-10-13 22:25 | |
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European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.
2020-9-12 19:58 | |
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This move comes shortly after Libra initiated a payment system license to commence operations in Switzerland under the oversight of the country’s financial watchdog, FINMA. Speculations arose about a possible launch of the Libra stablecoin by the end of 2020, should the association sort the underlying legal hurdles.
2020-5-7 15:31 | |
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The report was published on March 23 and shed more light on the legal uncertainty around stablecoins. IOSCO highlighted an example that sounds pretty similar to Facebook’s Libra. According to the summary, if an entity runs its own stablecoin on a private blockchain with a unique form of governance, then the asset falls under securities […]
2020-3-26 17:30 | |
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Despite claims of 'fractional banking' and legal issues around its parent company iFinex and the cryptocurrency exchange Bitfinex, Tether gained ground in 2019. USDT not only improved on its dominanceThe post Tether was 2019's most dominant, most 'stable' stablecoin: Report appeared first on AMBCrypto.
2020-1-15 18:00 | |
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Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles.
2020-1-12 09:21 | |
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The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […]
2019-12-18 21:12 | |
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Circle will focus on its stablecoin business next year, following the sale of its OTC desk to Kraken and the departure of its chief financial and legal officers.
2019-12-18 00:31 | |
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In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing.
2019-12-14 18:30 | |
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The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.
2019-10-17 13:44 | |
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Stablecoin firm Tether and its associate exchange Bitfinex have received a suit filed by a New York-based legal firm Roche Freedman against Tether token (USDT, stating that it is engaged with market manipulation as the consequence of an unpublished paper.
2019-10-13 19:04 | |
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Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
2019-9-3 13:33 | |
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A court in New York has denied Bitfinex and Tether’s parent company iFinex’s latest motion to avoid the legal clap back from its $850 million cover-up. iFinex claimed that the New York State Attorney General (NYAG) lacked the relevant jurisdiction to investigate the cryptocurrency exchange and stablecoin issuer as it claims it doesn’t serve customers in the state.
2019-8-20 12:42 | |
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Many fear that legal woes that surround Tether, the flagship stablecoin issuer, could have negative implications for the crypto market
2019-8-20 09:19 | |
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Greek billionaire Alkiviades David has reportedly created the world’s first stablecoin pegged to the price of legal cannabis. Swissx Bank of Cannabis Issues SWX Stablecoin As a press release confirmed July 25, the so-called Swissx Bank of Cannabis (SBC), headquartered in the Swiss city of Gstaad, aims to provide the legal cannabis industry with a secondary market.
2019-7-26 13:00 | |
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While US Congress is preparing to listen to the arguments of Mark Zuckerberg in favor of launching his stablecoin Libra, Moscow is already giving Facebook cryptocurrensy the green light. Will Special Prosecutor Muller investigate again? Russian Deputy Finance Minister Alexei Moiseev said that Libra would be completely legal in the country. There are no obstacles […]
2019-7-4 23:27 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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Last week, the New York Attorney General (NYAG) launched an investigation into Tether, arguably the most controversial stablecoin in the crypto space, over an alleged $850 million fraud. Tether’s legal counsel have since admitted that the stablecoin is now only 74% backed by it’s asset reserves.
2019-5-17 19:20 | |
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Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).
2019-5-8 18:33 | |
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Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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Tether has been experiencing some major negative attention lately after rumors started circulating about how the stablecoin is actually backed. However, it looks like Tether’s general counsel is coming out of the woodwork with a little more honesty, as he has confirmed that there is 74% of the stablecoin’s liquidity that is backed by fiat […]
2019-5-1 22:03 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Tether, Bitfinex Comes Under Legal Pressure According to reports from The Block and the Wall Street Journal, Bitfinex and stablecoin provider Tether are coming under legal pressure from the office of the New York Attorney.
2019-4-26 00:39 | |
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CryptoNinjas TrustToken, a stablecoin platform, today has announced the launch of TrueGBP, a stablecoin backed 1-for-1 with British Pound Sterling. TrueGBP will utilize a similar legal and technical infrastructure to the team’s first product, TrueUSD, which is a fully regulated stablecoin backed by US.
2019-4-3 00:34 | |
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EOS seems to have a lot of developments coming in the near future. First, Daniel Larimer, the CTO at Block. One, the company behind EOS made an announcement of an announcement, a la Tron founder Justin Sun style.
2019-4-2 20:40 | |
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Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves.
2019-3-26 10:42 | |
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First international legal deal to buy Kakao friends have been made between South Korea and Russia.
2019-3-5 14:12 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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The head of an algorithmic stablecoin project has admitted to Crypto Briefing that legal uncertainty in the United States is an “enormous” burden, both financially and developmentally.
2018-12-14 00:02 | |
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“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.
2018-11-15 18:50 | |
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In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.
2018-9-27 21:21 | |
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Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
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The war for stablecoin supremacy has a new competitor with CarbonUSD, the third regulated platform launched on Ethereum’s blockchain. It’s a step for Carbon that CEO and co-founder Sam Trautwein says will bring the company closer positioning its algorithm protocol on Hedera Hashgraph.
2018-9-14 20:00 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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| Analogue Notcoin - TapSwap |
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
В среду, 3 января,биткоин (BTC) снижается из-за перераспределения капитала в пользу американского доллара. Индекс валюты США вырос на азиатских рынках, и европейские трейдеры придерживаются такой же тактики.
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears.
Индекс доллара накануне укрепился до 104,885 пунктов. Американская валюта находится на пятимесячном максимуме. Вечером 6 сентября индекс доллара ненадолго приближался к 105 пунктам. Локального пика он достиг на уровне 104,907 пункта.
BTC price movements edge higher as the Wall Street trading week begins, with Bitcoin building on a weekly close, which gave cause for cautious optimism.
Активность биткоин-трейдеров в августе снизилась до минимального уровня с конца 2020 года. Большинство пользователей бирж воздерживаются от выхода на рынок и предпочитают роль обычных наблюдателей.