2019-11-6 16:21 |
Some stablecoin implementations are securities, according to international securities regulator IOSCO
Similar to Notcoin - Blum - Airdrops In 2024
|
For months now, Libra, the stablecoin project from Facebook, has been mired in one controversy or the other. However, a new report could throw the asset’s future operation into further disarray. On November 4, popular news medium Reuters reported that the International Organization of Securities Commissions (IOSCO), a global securities and futures trading regulator, is […] The post Libra, Stablecoins Should Be Regulated as Securities, Says Global Trading Regulator appeared first on BeInCrypto.
2019-11-5 07:06 | |
|
|
The launch of the Libra stablecoin by Facebook is still months away but reports from Reuters indicate that there are already securities rules in place that could apply. Rather than restricting stablecoin, these rules could help reveal the full benefits, according to IOSCO.
2019-11-5 23:07 | |
|
|
The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.
2019-7-31 13:29 | |
|
|
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 | |
|
|
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
|
|
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 | |
|
|
According to the latest revelations, as of April 30, the USDT stablecoin is only about 74 percent backed by fiat equivalent, stated issuer’s general counsel. On Tuesday, Tether’s general counsel Stuart Hoegner wrote in an affidavit that the company behind USDT holds about $2.
2019-5-4 02:15 | |
|
|
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2.
2019-5-1 13:19 | |
|
|
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 | |
|
|
CryptoNinjas Harbor, a digital securities platform for compliant fundraising, investor management, and liquidity, today has announced an exclusive partnership with Gemini, a New York trust company and popular bitcoin exchange company, to use the Gemini dollar.
2019-4-30 18:30 | |
|
|
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 | |
|
|
Coinspeaker Startup Arca Applies for SEC Approval to Issue Tokenized Securities on Ethereum BlockchainArca plans to tokenize the shares of a bond fund which will be a stablecoin compatible with the ERC20 standards and recorded on the Ethereum blockchain network.
2019-4-17 13:40 | |
|
|
SEC’s Valerie Szczepanik Says There Are Many Stablecoins In The Market Currently That “Might Be Violating Various Securities laws” During her appearance at the ongoing SXSW conference in Austin, the SEC’s Senior Advisor for Digital Assets ‘Valerie Szczepanik’ went on record to state that there currently existed a number of stablecoin offerings that could potentially […]
2019-3-17 23:31 | |
|
|
“Investing in stocks can be a daunting, complex and decidedly exclusionary activity,” says Bill Barhydt, Abra's CEO. To that end, his company’s mobile cryptocurrency wallet app has announced a new feature which will allow investors to purchase traditional stocks using bitcoin.
2019-2-8 02:05 | |
|
|
Three new companies in recent days have joined the growing ecosystem for USD Coin (USDC), demonstrating the robust interest in the world’s second largest stablecoin by market cap. The new companies to join the USDC ecosystem are Securitize, DizPay, and Nitrogen.
2019-2-1 18:51 | |
|
|
Three new companies in recent days have joined the growing ecosystem for USD Coin (USDC), demonstrating the robust interest in the world’s second largest stablecoin by market cap. The new companies to join the USDC ecosystem are Securitize, DizPay, and Nitrogen.
2019-1-31 18:51 | |
|
|
Facebook reportedly pursuing stablecoin, pro-crypto Congressmen seek to change securities laws, and Chinese financial news organizations take on plagiarism.
2018-12-21 02:45 | |
|
|
According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities.
2018-12-16 23:00 | |
|
|
In a shocking move, Basis, the well-funded stablecoin formerly known as Basecoin, is closing its doors while returning raised capital to any investors. As revealed via a blog post from CEO Nader Al-Naji, the team claims that “having to apply US securities regulation to the system” had a severely detrimental effect on their chances of… The post Top-Funded Stablecoin Basis Shuts Down Due to SEC “Regulatory Constraints” appeared first on UNHASHED.
2018-12-15 18:19 | |
|
|
Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc.
2018-10-24 00:55 | |
|
|
With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U. S. officials clamp down on unscrupulous coin offerings and crypto companies.
2018-10-20 17:49 | |
|
|
Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
|
|
Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
|
|
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 | |
|
|
“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 | |
|
|
|
Аналог Notcoin - Blum - Играй и зарабатывай Монеты
|
Основанная Марком Цукербергом компания Meta (бывшая Facebook) вступила в Crypto Open Patent Alliance (COPA), участники которого выступают за открытые патенты на технологии, связанные с блокчейном.
Директор Instagram Адам Моссери заявил, что платформа заинтересована в размещении контента, связанного с NFT, и привлечении создателей коллекционных токенов.
Венчурная компания NFX заявила о запуске фонда NFX Fund III», который будет инвестировать от $500 тысяч в стартапы, занимающиеся технологиями и криптовалютами.
Венчурная компания NFX заявила о запуске фонда NFX Fund III, который будет инвестировать от $500 тысяч в стартапы, занимающиеся технологиями и криптовалютами.
Facebook’s foray into blockchain technology has hit a major stumbling block after clashing with regulatory authorities. The need to curb the growing influence of stablecoins and Facebook’s existing controversies are among the reasons for the slow pace of progress of the Diem project.
“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said.
David Marcus, the Chief of Facebook’s Financial Services Division, has disclosed that the Novi digital wallet is ready to enter the market. He unveiled this news through a blog post on August 18 while talking about the current state of the payments system in the US.