2023-12-3 23:05 |
The Bank of England is introducing sweeping regulations for stablecoins and digital currencies, but some lawmakers question whether a digital pound is needed at all. origin »
Bitcoin price in Telegram @btc_price_every_hour
|
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has recently underscored the noticeable transformation in the monetary landscape, highlighting central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins emerging as key components.
2023-11-29 00:00 | |
|
|
A recent report by the Bank for International Settlements raises concerns about stablecoins' ability to maintain parity with their pegged assets, challenging their stability and reliability as a digital currency.
2023-11-9 22:08 | |
|
|
Stablecoins, the digital assets designed to minimize price volatility, are poised for a significant metamorphosis in the near future, driven by the evolving demands of the competitive financial landscape.
2023-11-1 15:00 | |
|
|
Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022.
2023-10-30 02:48 | |
|
|
In a bullish indicator for the broader cryptocurrency market, six stablecoins have technically led industry losses over the past 7 days, with the largest decline at 0. 12%, underscoring the overall strength of the market.
2023-10-26 15:40 | |
|
|
Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs.
2023-10-26 15:38 | |
|
|
Deutsche Bank and SC Ventures pioneered the first UDPN proof-of-concept, executing real-time transfers and swaps between USDC and EURS stablecoins, illuminating the path towards a digital financial future.
2023-10-24 20:42 | |
|
|
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
2023-10-18 19:05 | |
|
|
Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said.
2023-10-17 17:08 | |
|
|
Borderless by design, these modern digital tokens can make cross-border commerce much cheaper and easier.
2023-10-12 18:45 | |
|
|
Stablecoins play a pivotal role in providing stability and addressing the notorious price volatility often associated with digital assets. USDT is perhaps the most well-known stablecoin, but it has faced many issues in the past, leading investors to use alternatives.
2023-9-11 14:00 | |
|
|
Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating…
2023-9-8 20:00 | |
|
|
Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins.
2023-9-5 13:06 | |
|
|
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
2023-9-1 15:05 | |
|
|
Bankrupt digital asset lender BlockFi has filed a court petition requesting permission to convert the Trade Only assets of its users to stablecoins, thus allowing the withdrawal of these tokens. This development marks the company’s latest effort to repay its creditors.
2023-8-31 04:00 | |
|
|
Fiat-backed stablecoins have eclipsed Mastercard and PayPal in moving more value across their networks in 2022, according to a Bloomberg Intelligence note on Aug. 25. According to Bloomberg Intelligence crypto market analyst Jamie Coutts, stablecoins on several Layer-1 networks transacted $6.
2023-8-25 14:55 | |
|
|
Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat currency or stablecoins.…
2023-8-24 16:31 | |
|
|
Australia's CBDC pilot reveals synergies crypto could benefit from, including CBDC-backed stablecoins and a robust framework for categorizing digital assets. The post Australia CBDC Could Complement Rather Than Replace Crypto appeared first on BeInCrypto.
2023-8-23 13:30 | |
|
|
USDT's market cap dropped by 0.62% to $83.3 billion in August. The progress made by countries on CBDC posed another headache for stablecoins. Stablecoins are the backbone of the digital asseThe post Stablecoins stare at another disappointing month - why? appeared first on AMBCrypto.
2023-8-17 15:30 | |
|
|
The total market cap of stablecoins has been on a continuous decline for 17 months, now standing at $124 billion, its lowest level since August 2021, according to CCData. The data aggregator highlighted a broader impact of the decline in stablecoin’s monthly trading volume.
2023-8-17 20:50 | |
|
|
Coinspeaker Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies.
2023-8-14 17:32 | |
|
|
PayPal has introduced its stablecoin, PayPal USD (PYUSD), marking its latest foray into digital currency. A global payment platform PayPal launched its own stablecoin on August 7, PayPal USD (PYUSD), making it the first large financial company to do so.…
2023-8-7 18:48 | |
|
|
In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U. S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3.
2023-8-7 17:07 | |
|
|
The world of stablecoins, digital currencies pegged to stable assets like the US dollar, has been in a state of flux. With the rise of decentralized finance (DeFi) and the increasing prominence of stablecoins, understanding the underlying mechanics and strategies of major players is crucial.
2023-8-7 14:05 | |
|
|
The House Financial Services Committee has approved seven pieces of legislation, signaling a major revamp in how digital assets, ESG impacts and small business lending data collection are regulated in...
2023-7-28 17:32 | |
|
|
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.
2023-7-28 06:51 | |
|
|
In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in certificates of deposit (CDs)- which refer to tokenized bank deposits that are placed on the blockchain. CDs serve as […]
2023-7-25 21:00 | |
|
|
The G20 nations have witnessed a significant development in global regulation for cryptocurrencies. On Monday, the Financial Stability Board, an international body supported by the Bank for International Settlements and consisting of representatives from all G20 economies, unveiled a comprehensive regulatory framework, marking a noteworthy milestone in the regulation of cryptocurrencies worldwide. Although lacking formal […]
2023-7-18 16:20 | |
|
|
Analyst has shared recently published data about stashes of stablecoins being quickly converted into the following digital assets
2023-7-12 16:00 | |
|
|
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
2023-7-11 09:08 | |
|
|
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
2023-7-11 00:30 | |
|
|
Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty over their perceived stability.
2023-7-5 11:50 | |
|
|
The Monetary Authority of Singapore (MAS) has proposed a common protocol for the use of digital money, such as central bank digital currencies (CBDCs), tokenized bank deposits, and stablecoins on a distributed ledger.
2023-6-30 16:14 | |
|
|
Versal Network will allow companies to transact in stablecoins and central bank digital currencies.
2023-6-30 16:00 | |
|
|
Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and stablecoins. Allaire’s remarks came during […]
2023-6-27 10:30 | |
|
|
Mitsubishi UFJ Financial Group Inc. is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat.
2023-6-23 19:13 | |
|
|
The German enterprise software firm SAP has launched a preview of its Digital Currency Hub (DCH) system, enabling cross-border payments using USDC and EUROC. Issued by payment technology firm Circle, the USDC and EUROC stablecoins are pegged 1-to-1 with the dollar and euro.
2023-6-23 11:51 | |
|
|
The U. S. House Financial Services Committee is set to vote on new legislation regulating digital assets, including cryptocurrencies and stablecoins. The proposals are scheduled to be debated in the second week of July.
2023-6-22 04:00 | |
|
|
Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months.
2023-6-22 22:34 | |
|
|
The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins.
2023-6-21 17:13 | |
|
|
A report from the investors’ service pointed to a political divide in language on bills concerning stablecoins and providing a comprehensive framework for digital assets.
2023-6-21 23:30 | |
|
|
The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted.
2023-6-14 19:03 | |
|
|
Stable digital coins can play an important role in the Australian economy and financial system. This is stated in the new report of the Reserve Bank of the country (RBA). “The activity of stablecoins in Australia has been relatively limited to date, although stablecoins may play a more prominent role in the financial system in […] Сообщение Reserve Bank of Australia: Stablecoins can play an important role in the financial system появились сначала на Coinstelegram.
2023-6-7 18:40 | |
|
|
The Reserve Bank of Australia recently released a report discussing the potential of stablecoins and CBDCs, highlighting the importance of regulatory mechanisms for digital assets.
2023-6-6 23:04 | |
|
|
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying to hash out a bill.
2023-6-3 21:00 | |
|
|
Reports suggest Lebanese are shifting their attention to digital coins, specifically stablecoins, as the nation suffers a financial turmoil. Meanwhile, the government closed local banks early this week, citing the current risks for customers and employees.
2023-5-20 11:15 | |
|
|
The Digital Assets Financial Technology Inclusion Committee held a hearing on May 18 to discuss stablecoin policy. In opening the meeting, Congressman French Hill said it is the committee’s aim to put through legislation supporting stablecoins as a recognized payment method.
2023-5-19 00:52 | |
|
|
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.
2023-5-19 19:45 | |
|
|
After being granted bail by a court in Montenegro, Terra co-founder Do Kwon reportedly removed digital assets worth around 2.8 billion won ($2.15 million), according to several reports from South Korean media agencies.
2023-5-18 17:29 | |
|
|
From Jan. 1, 2026, DAC8 forces crypto platforms serving EU users to collect KYC and transaction data on trades and withdrawals, including to self-custody wallets. Cryptocurrency firms operating in the European Union began collecting tax data on January 1, 2026,…
Europe’s securities watchdog ESMA has warned crypto companies not to falsely promote their MiCA-regulated status to avoid misleading investors. The European Securities and Markets Authority issued a warning to crypto companies on Friday, urging them not to use their regulated…
Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just…
Authorities in Europe have dismantled a massive cryptocurrency-based money laundering network that moved over €21 million for criminal groups across China and the Middle East. According to a May 14 statement, Europol coordinated with Spanish, Belgian, and Austrian law enforcement…
Blockchain-focused privacy protocol COTI will collaborate with the ECB to implement its privacy technology for the upcoming digital euro. COTI, a privacy-centric layer-2 solution on Ethereum, has been selected as one of the pioneer partners in the European Central Bank’s…
Europe's central bank is pushing for the digital Euro, hoping to implement it by October this year.
The European Central Bank is urging faster action on the digital euro as legislative delays risk hindering progress amid growing global competition. The digital euro project is facing delays in the European Union, with the European Central Bank urging faster…