What is hyperinflation and how does it happen?

“Gradually, then suddenly,” goes the Hemingway trope about going bankrupt that Bitcoiners have so enthusiastically adopted. When crypto exchanges, stablecoins and banks are collapsing left and right, it looks suspiciously like we are already in the “suddenly” portion. And it is suddenly that ...

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Telegram and Tradecurve.io now support USDT TRC20 payments

Telegram takes a big step towards mass adoption by integrating USDT TRC20. Stablecoins are vital components of the crypto market, and Telegram takes advantage of that, as does Tradecurve. io, which introduces a hybrid trading platform to access spot trading in multiple markets.

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Stablecoin survival: Navigating the future amid global de-dollarization

The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?

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Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1

Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3. 3 billion cash reserve held at Silicon Valley Bank.

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Another crypto bear market may be looming if the stablecoin supply diminishes

The crypto market might be getting into another bear market if stablecoins circulating supply does not go higher, a CryptoQuant report states. The crypto market currently has a market cap of $1.05T, a 0.99% increase over the past 24 hours.…

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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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Lightning Speed: How To Take BTC From Reserve Asset To World Reserve Currency

Is the Lightning Network bitcoin’s killer app? It might be, but it still has a long road ahead. One of the stops on that road is the possible inclusion of stablecoins. Does bitcoin need them? Aren’t there inherent counterparty risks with those? The debate over those questions rages on.

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Why Regulated DeFi Protocols And Stablecoins Are The Next Conquerable Frontier

The Terra/Luna debacle does not signal the crash of crypto; it does signal the urgent need for compliant DeFi protocols and stablecoins. Many people will claim crypto is crashing whenever a bear market occurs.

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Russian’s Central Bank and Ministry of Finance clash over stablecoins

A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner. ” In turn, this potentially means face value redemptions are not guaranteed.

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Circle, The Company Behind The USDC Stablecoin, Announces Euro Coin

Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputation, the know-how, and the clientele to make this happen.

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DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?

In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY?

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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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Why does the UK suddenly want to become a “crypto hub”? Hint: it has to do with the EU

This week, UK Chancellor Rishi Sunak tweeted about payment regulation reform recognizing crypto stablecoins as a valid payment in the UK. The post Why does the UK suddenly want to become a “crypto hub”? Hint: it has to do with the EU appeared first on CryptoSlate.

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Does a Fed digital dollar leave any room for crypto stablecoins?

Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?

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Regulation of Stablecoins: What Does The Future Hold?

Regulation of stablecoins is hitting the news. What does the future hold? Don Thibeau of the HBAR Foundation throws in his opinion. The post Regulation of Stablecoins: What Does The Future Hold? appeared first on BeInCrypto.

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Bank Of Canada Asserts Cryptocurrencies Create No Big Risks To The Economy Yet

Canada’s apex bank does not see cryptocurrencies as a major threat in tilting the balance of the financial ecosystem. The Bank’s Deputy Governor shared this sentiment in a symposium but highlighted the potential powers of stablecoins.

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The U.S. Will Not Mirror China’s Ban On Cryptocurrencies, Fed Chair Powell Tells Congress

The United States will not follow the example of China in imposing an outright ban on cryptocurrencies but is looking at regulating stablecoins, the Fed Chairman said on Thursday. The Fed Has “No Intention” Of Banning Cryptocurrencies The United States Federal Reserve does not intend to ban all cryptocurrency transactions, the chairman Jerome Powell emphasized […]

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ECB Chief Lagarde Calls Crypto "Suspicious and Speculative" Assets, Not Currencies

Christine Lagarde expressed distrust in crypto, insisting that these are not currencies, but she does favor stablecoins and CBDC in particular instead

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EU firm’s head trader explains why euro stablecoins are hard to come by

The crypto world does not have a major euro-pegged stablecoin yet.

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How Does The Next Chapter In The Tether Printing Story Unfold For Bitcoin

If Bitcoin reacts to the recent substantial printing of more Tether stablecoins the same as it has in the past, we may finally have a catalyst for the crypto asset retesting its former all-time high.

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Bitstamp Exploring Support for 25 Additional Cryptos and Stablecoins for Potential New Listings

Coinspeaker Bitstamp Exploring Support for 25 Additional Cryptos and Stablecoins for Potential New ListingsAccording to Bitstamp, exploring the 25 listings does not disqualify any other assets from being monitored for potential listing at Bitstamp.

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XRP Complements Stablecoins and CBDCs, Top Ripple Exec Asserts

The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when utilized in cross-border payments.

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XRP Does Not Compete with Stablecoins or CBDC: Ripple's Senior Director of Global Operations

In a recent interview in Japan, Ripple's Senior Director of Global Operations revealed that XRP does not compete with CBDCs or stablecoins; it chases the same goal

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What does Tether's demand surge imply?

The cryptocurrency market saw a huge chunk of its gains wiped out by the Black Thursday crash back in March. However, in all the ensuing chaos, stablecoins were the asset class that emerged winners.

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$7.6B Sitting in Stablecoins — Is This Bullish or Bearish for Bitcoin?

$7.6 billion in stablecoins is currently sitting on the sidelines, but does this mean the crypto market is about to explode?

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Tether's on-chain withdrawals spikes; what does this mean for Bitcoin?

Over the past couple of weeks, popular stablecoins such as Tether [USDT] have seen strong accumulation. It was the stablecoins that benefitted the most as the market reeled downward. Following the The post Tether's on-chain withdrawals spikes; what does this mean for Bitcoin? appeared first on AMBCrypto.

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Venture Capitalists Have Invested Over $200M in Stablecoins

Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M.

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USDC Audit Confirms Circulating Supply Up 50% This Year

Wednesday saw Circle release the results of the latest audit performed on the current supply of USDC, and the reserves of fiat the tokens are pegged to. According to the numbers, not only does the company have over 50% more stablecoins in circulation than it did in January, but it also has enough US Dollars […] The post USDC Audit Confirms Circulating Supply Up 50% This Year appeared first on BeInCrypto.

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What Does a Crypto OTC Desk Do with Stablecoins Like USDC?

This is part of a series to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series will be available here in the coming weeks. Crypto over-the-counter (OTC) trading desks are an essential part of the crypto asset trading ecosystem and

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Does Binance (BNB) challenges Ethereum (ETH)?

Since the beginning of the year, crypto exchange Binance has become a leading market maker. Not all Changpeng CZ Zhao CEO decisions are successful, but as a true market leader, CZ launches new initiatives.

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Tether Treasury prints 100 million USDT; large inflows of stablecoins into exchanges follow suit

Bitcoin [BTC] breached its $10k and $11k resistances today, which the community celebrated with a hint of nostalgia. However, the Tether Treasury also minted 100 million USDT, as it has for the past few weeks, and it does not appear a normal precautionary act.

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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Welcome to the reGenesis of Bitcoin Magazine!

On December 4, 2018, our CEO, David Bailey, made an exciting announcement: Bitcoin Magazine would be returning to its roots and shifting its focus to Bitcoin-related stories only.

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Number of On-Chain Transactions for Fiat-Backed Stablecoins Increased by 1000 Percent in Three Months

Since September, on-chain stable coin transaction activity has increased by over 1000%, according to a report from Diar. This statistic does not include the billions of trades per day on exchanges.

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Basis: A New Algorithmic Stablecoin

When it comes to stablecoins, the first examples that usually come to mind are Tether, a dollar-backed token, or Maker’s DAI, an Ethereum-collateralized stablecoin. There are also some with no collateral at all.

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies.

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Maker (MKR) Price Up over 25% – Biggest Gainer Today

If you haven’t heard of Maker, it is a token that is part of a stablecoin system composed of both MKR and DAI. Unlike Tether and other stablecoins, Maker does not rely on banks to provide stability, but instead relies on Collateral Debt Positions (CDPs).

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

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.

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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

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.

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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

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Berkeley Economics Professor Critiques Stablecoins, Calls Them A ‘Myth’

One academic does not buy into the stablecoin trend.

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Bodhi Bets on the Decentralized Prediction Marketplace

As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring.

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Yes, Stablecoins Can Secure Official Audits from Major Firms

“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.

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