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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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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Stablecoins More Stable than ‘Flawed’ Bitcoin; Only a Central Bank Should Issue a Digital Currency: Bank of Canada Official

Deputy Governor Tim Lane calls the ongoing price action in the crypto market a “speculative mania,” while ECP President says adding Bitcoin to its reserves is “out of the question." The post Stablecoins More Stable than ‘Flawed’ Bitcoin; Only a Central Bank Should Issue a Digital Currency: Bank of Canada Official first appeared on BitcoinExchangeGuide.

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Caveat Depositor. How Safe Is Your Stablecoin?

USD stablecoins are created largely outside the dollar system and lack federal deposit guarantees. Investors should be careful.

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Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed)

2020 was the year of decentralized finance.

The post Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed) appeared first on CryptoSlate.

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Bitcoin: Why you should be on your toes on 15 January

With Bitcoin rising up the valuation ladder in 2021, there has been aggressive demand for stablecoins since the first of January. In fact, the collective market cap of all stablecoins, at the time of The post Bitcoin: Why you should be on your toes on 15 January appeared first on AMBCrypto.

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The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

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Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins

Stablecoins should meet the same regulatory standards as other financial instruments, Trump’s Working Group on Financial Markets said.

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European Countries Support EU Stablecoin Regulation

European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.

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First Mover: After Falling 65% This Year in Bitcoin Terms, Do ‘Stablecoins’ Need a Rebranding?

So-called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?

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Novogratz: Telegram should Integrate Bitcoin, ‘We Don’t Need Another Crypto’

Famous investor and the head of Galaxy Digital Mike Novogratz claims Telegram team should dedicate time to integrating with Bitcoin and stablecoins. And the idea of making yet another blockchain? Not bad, but not perfect.

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Mike Novogratz on Telegram: ‘We Don’t Need Another Crypto’

Mike Novogratz argues that Telegram app should integrate Bitcoin and stablecoins instead of creating the TON and Grams

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Financial Stability Board concerned about stablecoins

The G20’s Financial Stability Board has identified multiple systemic threats to global financial systems should stablecoins be “widely adopted.”

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The US Should Use Stablecoins for Emergency Coronavirus Payments

Paying out the stimulus using stablecoins would be cleaner and cheaper than sending checks in the mail, says the CEO Of Binance.US.

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Weiss Ratings Believes Tether Stablecoin Is More Liquid Than XRP Hence A Better Option For Fintech Firms

Cryptocurrency Rating firm Weiss Ratings has posited that instead of Azimo partnering with Ripple to leverage XRP for faster and cheaper payments in the Philippines it should have instead used stablecoins like Tether (USDT).

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Ex-PBoC Governor Urges China to Join Global Conversation on Libra

A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.

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ECB President: ‘We Better Be Ahead of Curve’ on Stablecoins

Christine Lagarde says financial institutions should foresee the demand for stablecoins

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2017 Redux: Bitcoin Marches Relentlessly Higher Eating Altcoins, $6,400 Next?

Back in the build up to the massive bull run at the end of 2017 Bitcoin and altcoin markets were inversely correlated. One would surge at the expense of the other as traders switched between the two assets.

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In the Path to Mainstream Adoption, Stablecoins May Help the Crypto Industry

Considering that the lack of spending since the market crash of 2008 has been mostly about apprehension in the market, it should come as no surprise that the volatility of cryptocurrency has had a similar result.

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IBM Exec Forecasts a Million-Dollar Bitcoin — When a Sat Will Equal a Cent

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

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