stablecoins

US Federal Reserve Governor Says They Are Speeding Up Cryptocurrency Regulations

Today, a news report from Reuters has mentioned, once again, that the blockchain industry continues to develop at an unprecedented speed, and that regulators need to get themselves caught up to speed, or risk behind left behind in the dust. In fact, the report suggests that many of the world’s Central Banks are becoming increasingly...
Read More

U.S. Secretary Of Treasury Steven Mnuchin: New Cryptocurrency Regulations Coming Soon

Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities. FinCEN To Apply New Requirements Yesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many...
Read More

Canada Joint Venture Launches Stablecoin Pegged To The Canadian Dollar (CAD)

Canadian joint venture has launched a new stablecoin pegged to the Canadian Dollar (CAD). Dubbed QCAD, users can trade it against Bitcoin, Ethereum, and USDC, and it’s supported by cryptocurrency custodians Balance and Bitvo. Canada’s First Stablecoin – QCAD Announced earlier today, QCAD is built on top of the Ethereum blockchain, and it’s based on...
Read More

Next Generation: Bitfinex Launches Lightning Network Bitcoin Deposits On Its Mobile App

The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network. The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform. The Lightning Network Comes On...
Read More

The Flippening: Stablecoins’ Transfer Value On The Ethereum Network Just Surpassed ETH

Stablecoins now have a larger share of value transferred on the Ethereum network than its native cryptocurrency – ETH. Even though the continuously increasing interest towards stablecoins appears as a concern to some, Changpeng Zhao believes that they are still needed for mass adoption. Stablecoins’ Flip On The Ethereum Network Yesterday, new research by Messari,...
Read More

Crypto Predictions: Will 2020 Be the Year of Stablecoins?

The last years of the crypto market have been marked with increased volatility, and in order to alleviate the effects of sharp fluctuations, more stablecoins have been launched. The stablecoin is a rather new development in the crypto world. Even if they are also cryptos that run on blockchains such as Bitcoin and Ethereum, stablecoins...
Read More

Tether Launches Gold-Backed Stablecoin On Ethereum And Tron

Tether, the issuer of the popular stablecoin USDT, has now launched a new type of commodity-backed token pegged to gold. At the time of this writing, the new token will be issued on the networks of Ethereum and Tron. Tether Launches Tether Gold (XAUt) According to a recent announcement, Tether, the company behind the most...
Read More

No Need For Central Bank Cryptocurrency For Now, Australia Concludes

While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough. No CBDC in Australia The...
Read More

ECB Looks Into Launching Own Cryptocurrency, Won’t Interfere With Private Stablecoins, President Says

The European Central Bank is considering the launch of its own CBDC, according to the bank’s President – Christine Lagarde. She indicates in a recent interview that they need to adjust to this changing world and that the bank will not interfere with any private companies in coming up with a similar digital form of...
Read More

How 2020 Will Become The Year of The Crypto Stablecoin

The past two years have opened the eyes of the world to crypto currencies. Showing particular interest has been central banks with a number of them developing their own stablecoins and more will be arriving this year. Year of the Stablecoin Many of the existing stablecoins may simply disappear under an avalanche of better alternatives....
Read More

Germany’s Central Bank Chief Wants To Tune Down on Libra and Digital Euro

The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro. Weidmann On Digital Euro Ever since...
Read More

Bank Of Korea Employs A Task Force To Research Central Bank Cryptocurrency

The Bank of Korea (BOK) is taking another important step towards adopting the trend for central bank digital currencies (CBDCs). The bank will reportedly organize a dedicated task force to build on top of the existing CBDC research and to improve it further. Bank Of Korea’s CBDC Task Force A local report from today shows...
Read More

Russian Central Bank Tests Stablecoins in Regulatory Sandbox

According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone. However, according to recent reports, it may be that Russia sees...
Read More

Bank Of Russia Tests Own Stablecoin In A Regulatory Sandbox

State-backed stablecoins appear to be on the rise in the last several months, and Russia is taking the next step into launching its own. The country’s central bank has reportedly started testing digital currencies backed by real assets in a regulatory sandbox. Russia Tests Digital Assets The head of the Central Bank of Russia, Elvira...
Read More

A Complete Guide to Stablecoins

From 2018 onwards, new stablecoins have been pouring onto the markets. Although many are straightforward fiat-collateralized variants on the original stablecoin, Tether, many other projects are also innovating on the stablecoin concept. Therefore, this guide categorizes and explains the different types of stablecoins on the market today. The Rising Popularity of Stablecoins One reason that...
Read More

Crypto exchange Poloniex offers 65% APR on USDC deposits, but community cries foul

Popular cryptocurrency exchange Poloniex shocked the crypto industry when they announced that they would be offering an unprecedented interest rate to users looking to engage in USDC and USDT lending, offering interest rates as high as 65 percent APR to customers located in the European Union. The announcement of this new offering sparked controversy and...
Read More

Op Ed: U.S. Cryptocurrency Regulation Faces Uncertainty in 2020

The future of cryptocurrency regulation in the United States remains uncertain. The lack of a clear regulatory framework makes it difficult for market participants to act without fear of reprisal. The guidance issued and actions taken by the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Congress in 2019 provide a...
Read More

National digital currencies fail to fix the stablecoin problem

2019 will go down as the year when the world went digital currency crazy. Not crypto crazy (that was 2017), but crazy for issuing national and corporate digital coins. Facebook. China. Canada. Thailand. The list of countries and companies experimenting with digital currencies is long and incongruous. On the surface, entities such as Facebook and...
Read More

Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup...
Read More

Stablecoins Could Be Crypto’s True Killer App

During the crypto hype bubble and Bitcoin’s meteoric rise, speculation ran wild due to the incredible potential the emerging technology could bring to the world, if only the technology could find its “killer app” – something that makes the technology a must-have addition to daily life.The post appeared first on NewsBTC
Read More

Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’

At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup –...
Read More

The Top 4 Emerging Cryptocurrency Trends for 2020

After seeing a huge fall in valuation in 2018, the cryptocurrency market has nearly tripled in valuation this year. Major tech companies around the world have explored the possibility of using cryptocurrencies to improve and secure their transactions. Cryptocurrency also finds its applications in the gambling industry and it can be used by Omnia UK...
Read More

BitPay Enables Stablecoin Support but Evades Using Tether

It has been a while since BitPay surprised the cryptocurrency industry. In a new turn of events, the company is looking to step up its commerce game by removing volatility whenever possible.  The press release confirms BitPay will begin offering stablecoin payments for both merchants and consumers all over the world.  BitPay Favors Non-USDT Stablecoins...
Read More

BitPay Announces Support for USDC, GUSD and PAX User Payments

BitPay, a payment provider offering merchants the ability to accept cryptocurrencies, launched support for several stablecoins. Users will now be able to use USD Coin, Gemini Dollar and Paxos to pay for goods with all on-boarded merchants. BitPay previously specialized on letting sellers accept cryptocurrencies without ever getting exposure to their volatility. The service was...
Read More

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins....
Read More

Senior Financial Regulators: Warn of Crypto Stablecoin Threat to Economy

Over the past three to four years, stablecoins, crypto assets tied to a stable asset (usually the U.S. dollar), have made a strong entree into the blockchain scene. Since their introduction, this subset of crypto assets has exploded, seeing mass adoption across blockchains and by firms across the ecosystem. In fact, the aggregate value of...
Read More

Crypto-Focused Lender Blockfi Launches Trading Platform

Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes Enforcement Network and expanded its state licenses to cover both lending and money transmission. Also read: Bitcoin ATMs Installed...
Read More

US Lawmakers Want To Classify Stablecoins As Securities Including Libra

The US lawmakers want to classify all stablecoins as securities and they include libra here in the list as we are reading further in the Libra coin news today. Libra considers adopting the fiat-pegged stabelcoin method rather than only one token getting supported by a basket of national currencies so the crypto project could be...
Read More

Top Trends of Bitcoin Trading in 2020

2019 has been an interesting year in the crypto market, with Bitcoin potentially building the foundation for its next bull run, and many changes taking place within the overall landscape of the cryptocurrency industry in terms of assets, trends, and even regulation. The market is maturing, investors are becoming savvier, and crypto companies have begun...
Read More

MakerDAO President talks multi-collateral Dai rollout, advantages of Dai Savings Rate, product roadmap and more

CryptoSlate recently had the opportunity to chat with Steven Becker, the President and COO of MakerDAO. MakerDAO is a unique dApp that generates Dai, the world’s first decentralized stablecoin that facilitates economic growth on the blockchain and economic empowerment with the blockchain. MakerDAO was recently in the news for the successful launch of multi-collateral Dai...
Read More
1 2 3 4