Stablecoins Are Not Your Friends

Stablecoins are one of the biggest mistakes ever made in the Bitcoin space. They should be ostracized and discouraged, not embraced.

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Bitcoin and the risk of stablecoin liquidity shortage - Holders should know THIS!

Are stablecoin reserves holding back liquidity flows into Bitcoin? Bitcoin ETFs have grown significantly lately and might have influenced the crypto's price too Stablecoins play a vital roleThe post Bitcoin and the risk of stablecoin liquidity shortage - Holders should know THIS! appeared first on AMBCrypto.

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How the U.S. Should Regulate Stablecoins

To properly regulate stablecoins in the U.S., look at e-money abroad, says Marcelo Prates, a speaker at Consensus 2024.

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Ethena Partners With Bybit, Is This An “Attack” On USDT And USDC?

In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading.

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BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

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ECB Warns PayPal Cash Grab Can Monopolize Stablecoins

ECB top dog Fabio Panetta says the next era of payments should not be monopolized by tech companies offering private stablecoins. The post ECB Warns PayPal Cash Grab Can Monopolize Stablecoins appeared first on BeInCrypto.

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China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says

Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.

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Powell says stablecoins are a ‘form of money’ that central banks should supervise

U. S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response to Congresswoman Maxine Waters asking whether stablecoin issuers should be licensed and regulated by the Fed during a June 21 hearing.

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Regulators Should Not 'Front-Run' Congress on Stablecoins

The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara.

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Bitcoin price falls below $29K, no surprise given volatility and liquidity metrics

Key Takeaways Bitcoin has softened fallen from $30,000 to close to $28,000 Our head of research looks into the data, arguing the move should not be a surprise Bitcoin’s fixed supply and lack of dividends or earnings means price is entirely demand-driven Thin liquidity in the Bitcoin market exaggerates every move, with 45% of stablecoins […] The post Bitcoin price falls below $29K, no surprise given volatility and liquidity metrics appeared first on CoinJournal.

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Enterprises should seek partners and solutions during crypto winter: Paxos report

“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said.

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Enterprises should seek partners and solutions during the crypto winter: Paxos report

“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said.

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DeFi’s need for rewarding users: a path to sustainable growth

DeFi should incentivize users for the industry to sustainably grow. Fluidity Money allows users to earn rewards by wrapping their stablecoins.

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Stablecoins need better regulators than SEC: Circle CEO

Circle CEO Jeremy Allaire recently stated that stablecoins should not be regulated by the SEC. Allaire believed that stablecoins should fall under the purview of banking regulators. Jeremy AThe post Stablecoins need better regulators than SEC: Circle CEO appeared first on AMBCrypto.

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Circle CEO believes the SEC has it all wrong on stablecoins

Circle CEO, Jeremy Allaire, believes the SEC is not the right fit to regulate stablecoins. Jeremy who supports the new custody proposal, believes banks should regulate them instead.

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Circle CEO says stablecoin regulation should not be assigned to U.S. SEC

Circle CEO Jeremy Allaire told Bloomberg on February 23 that the United States Securities and Exchange Commission should not be tasked with regulating stablecoins. The post Circle CEO says stablecoin regulation should not be assigned to U.S. SEC appeared first on CryptoSlate.

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Bitcoin is up in Argentinian Pesos over the last year, but natives should still avoid it

Key Takeaways Inflation in Argentina is now near 100%, as savings in the peso are getting crushed Bitcoin, despite collapsing in the last year, is up in peso terms Weak currencies are often cited as benefits of Bitcoin, but in the case of Argentina, it would be worse, writes our Analyst Dan Ashmore  Stablecoins present […] The post Bitcoin is up in Argentinian Pesos over the last year, but natives should still avoid it appeared first on CoinJournal.

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The Niche Application of Stablecoins Is Not a Bad Thing

By definition, stablecoins are tethered to the real economy. But whatever links they have should be minimized, until their applications are fully proven, says Dan Kuhn.

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Is Huobi safe? Why customers should be withdrawing funds

Key Takeaways Crypto exchange Huobi is reportedly laying off 20% of its workforce and has requested employees take their salaries in stablecoins Internal communication has reportedly been suspended in order to quell discontent Customers are pulling their funds from the exchange, while volume is down 23% Its native token has fallen 10%.

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Blockdaemon CEO: Success of crypto is predicated on systemic failure; we’ll see more of that

All major players should work with multiple infrastructure providers   Companies like Nasdaq will continue to work on Bitcoin, permissioned networks, and stablecoins Talia Caplan of CNBC Crypto World talked to Konstantin Richter, the founder and CEO of Blockdaemon, about blockchain adoption following the fall of FTX and what 2023 holds for crypto.

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Chinese Yuan Stablecoin Launches on Tron: Why Is This Crucial?

New stablecoin by TrueUSD unlocks massive opportunities for long-term holders and traders. Should we be prepared for more Yuan-pegged stablecoins?

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A huge stablecoin supply is waiting on the sidelines to trigger a bull run

While Bitcoin is usually considered the backbone of the crypto industry, one should never underestimate the role stablecoins play in the market. The post A huge stablecoin supply is waiting on the sidelines to trigger a bull run appeared first on CryptoSlate.

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FDIC Chairman Says Regulators Should Oversight Over Stablecoin Issuers

The FDIC expressed his trust in stablecoins as a possible means of payment and urged regulators to better oversee the stablecoins. According to the chair, stablecoins hold characteristics that could bring issues such as money laundry to an end.

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SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report

Gensler pointed out that the CFTC does not have direct authority to write rules for the firms that issue stablecoins.

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What Bitcoin whales and Binance have in common should concern investors

Bitcoin [BTC] whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD. According to Mignolet, a CryptoQuant analyst, on 27 SeptThe post What Bitcoin whales and Binance have in common should concern investors appeared first on AMBCrypto.

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Bitcoin think tank says 'No' to CBDCs and lends credence to...

The Central Bank Digital Currencies (CBDCs) should be rejected, and in their place, the United States should look to Bitcoin (BTC) and stablecoins, according to the U.S. think tank Bitcoin Policy InstThe post Bitcoin think tank says 'No' to CBDCs and lends credence to... appeared first on AMBCrypto.

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Principles for Financial Market Infrastructures should be applied to stablecoins: BIS

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) of the Bank for International Settlements (BIS) published guidance on stablecoin regulation this past July 13.

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Algorithmic Stablecoin Resiliency More Important Than Growth: Vitalik Buterin

Vitalik Buterin has shared his thoughts on algorithmic stablecoins in a blog post, arguing that protocols should strive for resiliency above all else. Withstanding Extreme Market Conditions Creator and co-founder...

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Digital Money: How Does it Shape the New World Order?

The assumption that CBDCs are more reliable than stablecoins should raise some eyebrows

The post Digital Money: How Does it Shape the New World Order? appeared first on BeInCrypto.

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Trust in stablecoins ‘infinitely more important’ than collateral

As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case.

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'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil

Sen. Pat Toomey, the Banking Committee’s top Republican, doesn’t want asset-backed stablecoins tarnished by the UST drama.

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OCC Chief Says Stablecoins Need Common Standard

The acting chief of the Office of the Comptroller of the Currency has claimed that stablecoins should be given a common standard similar to the way that certain web practice...

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Stablecoins Need to Set a Common Standard, Says US Banking Watchdog

Stablecoins should have the same kind of standard-setting initiative previously seen in setting up common web practices in the early days of the internet, said Acting U.S. Comptroller of the Currency Michael Hsu.

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5 Reasons why you should buy Terra

 What do you turn to in a period of incessant dips and reds? Stablecoins…

The post 5 Reasons why you should buy Terra appeared first on Coin Journal.

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Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation

Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary.

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Bank of England says stablecoins are too volatile as a form of money

Bank of England’s governor, Andrew Bailey, has expressed criticism towards the future use of stablecoins as a regulated form of money. He noted that the Central Bank Digital Currency (CBDC) should be the perfect currency for such.

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Regulators are coming for stablecoins, but what should they start with?

Regulators are coming for stablecoins, and the best place to start is with transparency standards for collateral and financial activities.

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US regulators call for banking legislation to be applied to stablecoin issuers

US regulators claim that issuers of stablecoins should be subject to the requirements applicable to banks and financial institutions.

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Crypto lobby says stablecoins should not be subjected to new rules

The lobby group says regulators should not treat stablecoins as investment products A US-based… The post Crypto lobby says stablecoins should not be subjected to new rules appeared first on Coin Journal.

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Should you buy Olympus (OHM) on October 14, 2021?

Olympus OHM/USD is an algorithmic currency protocol with the goal of achieving price stability while maintaining a floating market-driven price. OHM differentiates itself from stablecoins due to the fact that it is backed but not pegged to a certain price.

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Steve Mnuchin on Tether: Stablecoins Must Be Backed by USD Held in Bank, Not Like Casino Chips

Former U.S. Treasury Secretary believes stablecoins should be regulated and held in a regulated bank, here's why

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BIS Consults on the Proposal to Apply the Same Principles as Financial Market to “Systemically Important” Stablecoins

The Bank for International Settlements (BIS) and the IOSCO group of securities regulators published proposals on Wednesday on how the current rules for clearinghouses and payments services should also be applied to “systemically important” stablecoins.

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Fed Chairman Powell: No Crypto Ban, but Regulation Necessary

U.S. Federal Reserve Chairman Jerome Powell said he has no intention to ban cryptocurrencies. He also stated that stablecoins should be regulated. The post Fed Chairman Powell: No Crypto Ban, but Regulation Necessary appeared first on BeInCrypto.

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Should you invest in LUNA before the upcoming mainnet upgrade?

Terra LUNA/USD is a stablecoin payment platform. LUNA is the governance and staking token that fuels the Terra network and supports stablecoins and payment processing systems. The Columbus-5 mainnet upgrade as a catalyst for growth  Terra was initially founded in 2018.

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Should you buy Litecoin after it allows users to create DeFi tokens, smart contracts, NFTs, and stablecoins?

Litecoin LTC/USD was released initially in 2011 and was a fork of Bitcoin, where it decreased the processing time to 2. 5 minutes when compared to the 10 minutes offered by Bitcoin. This increase in confirmation and transaction time made it an appealing option for a lot of cryptocurrency owners.

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SEC Creates A Stand-Alone Office to Conduct Investigations into Crypto and Other Digital Assets: Report

“Crypto is the new shadow bank,” says Senator Elizabeth Warren, who says regulators should consider banning the banks in the US from holding cash deposits backing up stablecoins to effectively end the growing market.

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Voyager Ventures Into Digital Payments With New Acquisition, But Should Focus On Bitcoin

Voyager acquired Coinify, but their focus on stablecoins might leave their customers behind while Bitcoin walks toward full monetization.

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'And the reason we should be a bit concerned about' Tether is...

Stablecoins, as an asset class, are evolving at an impressive pace. It goes without saying that they have almost become an indispensable part of the crypto space today. With an increased adoption rateThe post 'And the reason we should be a bit concerned about' Tether is... appeared first on AMBCrypto.

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Microsoft president says fintechs should leave currency to central banks

Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins.

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