2024-9-18 19:30 |
Previously, the stablecoin could only be purchased through crypto exchanges.
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Facebook‘s controversial ‘cryptocurrency‘ Libra could be based on national currencies such as the dollar, the tech giant said on Sunday, following increased scrutiny from regulators and governments in recent months.
2019-10-21 12:00 | |
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MakerDAO network had such a major bug that, Ethereum (ETH) that powers the DAI stablecoin could have been stolen due to an exploit. According to the reports, a hacker could use a single transaction to steal the tokens.
2019-10-4 00:45 | |
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MakerDAO, the decentralized organization that runs on Ethereum, has disclosed an enormously dangerous security flaw that could’ve allowed an attacker to steal collateral powering its Dai stablecoin with a single transaction.
2019-10-3 16:12 | |
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At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.
2019-10-2 18:45 | |
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Facebook’s planned Libra stablecoin could have a “huge impact on society,” says the governor of the Bank of Japan
2019-9-24 12:02 | |
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David Marcus, known as the head of Calibra, the company in charge of Facebook’s Libra stablecoin, has recently decided to respond to the prominent concerns that Libra could affect the sovereignty of national fiat currencies.
2019-9-16 20:44 | |
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China’s state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project.
2019-9-6 10:41 | |
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Investors have swung wildly between risk-on and risk-off postures, as Sino-U. S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value.
2019-8-30 21:51 | |
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Many fear that legal woes that surround Tether, the flagship stablecoin issuer, could have negative implications for the crypto market
2019-8-20 09:19 | |
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USDX Wallet (a blockchain-powered app for quick transfers and with a stablecoin pegged to the U. S. dollar) has announced the fund withdrawal feature right in the app. Before that, USDX Wallet users could change USDX to other currencies only via crypto exchanges.
2019-8-14 18:10 | |
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Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U. S. investment banking and financial services company, Cowen, Bloomberg reported.
2019-8-6 12:57 | |
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On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […] The post Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto appeared first on Bitcoin News.
2019-8-3 23:00 | |
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A former executive with the Japanese bank believes that globally coordinated regulation of Libra could eradicate complications with the current financial system. Facebook has stated that the launch of Libra may not ultimately happen.
2019-8-3 20:52 | |
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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 | |
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Monex, the Japanese online brokerage that owns the crypto exchange Coincheck, has applied to join the Facebook Libra stablecoin project. The Libra Association will make a final decision on Monex’s application by September 30, Reuters Japan reported.
2019-7-27 15:36 | |
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Following China's footsteps, India despite their restrictions on cryptocurrencies could launch a government issued stablecoin, the Digital Rupee The post After Digital Yuan, A Digital Rupee Could Be On The Cards appeared first on Ethereum World News.
2019-7-17 15:00 | |
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Reports circulated yesterday that the Swiss SIX Stock Exchange was encouraging the local central bank to launch a stablecoin that could be used within their country. Between that encouragement and the recent changes to the Libra whitepaper, it is clear that the market desires another stablecoin, and the Dukascopy Swiss bank is listening. According to […]
2019-6-28 00:24 | |
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Facebook’s newly announced stablecoin has been the focus of the entire industry, as many experts believe it could act as a gateway for Bitcoin for its 2. 4 billion-strong user base. Exposure to a relatively stable digital asset such as Libra could make people interested in other, more decentralized and privacy-focused cryptocurrencies.
2019-6-21 21:43 | |
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On the day of its unveiling, Facebook’s cryptocurrency has already sparked forecasts that governments worldwide will ban it. Libra Heading For Crypto Blacklist? Libra, the protocol Facebook today revealed to the world via a somewhat clumsy website, will initially host a cryptocurrency of the same name.
2019-6-18 17:00 | |
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If Facebook’s purported stablecoin launch proves a success, major coins could rally. Let’s consult the charts
2019-6-11 21:52 | |
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The Chief Financial Officer at Binance, Wei Zhou, confirmed that they are going to be releasing a new stablecoin in the next months. The main goal seems to compete against Tether(USDT), the largest stablecoin in the market.
2019-6-7 06:41 | |
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Binance Chain is planning to launch its own stablecoin, which is likely to compete with USDT
2019-6-6 17:54 | |
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Binance, one of the largest and most popular cryptocurrency exchanges around the world, has launched its own stablecoin called BGBP. According to CryptosBatman on Twitter, the new stablecoin could be used on Binance.
2019-6-4 00:35 | |
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Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.
2019-5-30 19:44 | |
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Coinbase, one of the largest cryptocurrency exchange platforms in the U.S. in terms of users, announced that USD Coin could be used a mode of payment by businesses using Coinbase Commerce. The announcement was made on 20 May 2019 through their official Medium blog and stated that, “accepting” the stablecoin “gives our merchants many benefits […] The post Coinbase Commerce enables businesses to accept USD Coin [USDC] for payments appeared first on AMBCrypto.
2019-5-21 15:15 | |
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MakerDAO token holders have to vote on whether to decrease the stability fee for the network and its decentralized stablecoin called DAI. The information was released by Maker on its blog post on May 17.
2019-5-21 02:50 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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Stablecoins are getting more popular. So popular that they could bring about the mass adoption of Bitcoin as giant non-financial companies, such as Facebook and Samsung, get ready to participate in the crypto market.
2019-5-17 23:00 | |
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This article was originally published by 8btc and written by Lylian Teng. The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green.
2019-5-15 19:01 | |
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One of the business development leads for MakerDAO (DAI) has mooted the possibility that the stablecoin project might compete against established blockchain remittance platforms, like XRP, the Stellar Network (XLM) or JPMorgan’s Quorum.
2019-5-14 18:35 | |
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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 | |
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Anonymous Sources Believe Facebook Could Unveil Its Stablecoin As Soon As The Third Quarter In a recent article released by Bloomberg on May 8, they informed that anonymous sources believe that Facebook could release its stablecoin as soon as Q3, 2019.
2019-5-9 21:33 | |
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Tether [USDT], the eight-largest cryptocurrency by market cap, has been one of the most controversial coins in the market. The the coin’s journey has tumultuous from being a stablecoin pegged against the US Dollar to not being one.
2019-4-29 18:00 | |
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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 | |
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Yesterday, the Tether treasury, responsible for managing the supply of the stablecoin, has minted an additional $300 million USD worth of the fiat-backed stablecoin, following the recent bullish Bitcoin price action.
2019-4-26 23:00 | |
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Last week eToro announced the launch of eToroX, a new cryptocurrency exchange, as well as eight new stablecoins which will be pegged to the value of major fiat currencies. Yes…another raft of stablecoins.
2019-4-22 20:07 | |
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The first four months of 2019 have already kicked off a string of high-profile acquisitions for cryptocurrency, including the development of J. P. Morgan Chase’s stablecoin. With social media giant Facebook looking to release its own.
2019-4-18 18:51 | |
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An aggregate stablecoin project has omitted both Tether (USDT) and Gemini dollar (GUSD) from its basket. The Neutral Dollar Project, which is based on the average value of several dollar-backed tokens, has told Crypto Briefing that neither GUSD nor Tether met the project’s requirements for inclusion.
2019-4-17 22:50 | |
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Pindar Wong posits that a government-sanctioned stablecoin could help ease the tension between the European Union and the United Kingdom over tariff enforcement.
2019-4-10 17:40 | |
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This week marked some major progress for Bitcoin as it broke the $4,200 resistance level, pushing up above $5,000 in the matter of an hour. The rally has been lauded by many proponents as the end of the bear market that has been taking down Bitcoin and altcoins for over a year. New capital is […]
2019-4-6 20:55 | |
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The concept of ‘stablecoin’ appears to be treading the fine line between virtual and fiat. Investors can enjoy the benefits of ubiquity and universality of payments, two core concepts of the cryptocurrency world, while still standing in firm opposition of them by being tethered to a sovereign currency.
2019-4-6 18:30 | |
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Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves.
2019-3-26 10:42 | |
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Facebook could be on the path to replace the US Dollar with its own crypto asset as a global currency, claims Ted Livingston. The founder and chief executive of the Kik messaging app projected the upcoming stablecoin project as a WeChat aspirant.
2019-3-21 18:23 | |
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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 | |
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Issuers of the leading stablecoin have drawn criticism for changes to the collateral model in their white paper. The post Analysis: New Tether Model Could Make Prices Unstable appeared first on Crypto Briefing.
2019-3-15 21:17 | |
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MakerDAO token holders could soon be voting on another proposal to increase fees on the loans that issue new holdings of the stablecoin DAI.
2019-3-15 22:15 | |
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Somewhere on Facebook’s sprawling Menlo Park campus, 50 elite employees are tucked away in a secret office with separate key-card access. Behind these closed doors, a mysterious project is ongoing — one that could have a seismic impact on the world of cryptocurrency.
2019-3-13 22:00 | |
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While social media giant Facebook is putting preparations in top gear to launch a stablecoin that could function as both the native currency for the platform and a digital asset for global peer-to-peer payments, Barclays Internet analyst, Ross Sandler has forecasted that Facebook Coin could generate as much as $19 billion for by 2021, reportsRead MoreRead More.
2019-3-13 21:00 | |
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It has been recently assumed that Bitcoin [BTC] might be passing by because of the stablecoin, USDT’s positive performance. As reported by Crypto Vest, “81% of all BTC deals happen against the top stablecoin (https://cryptovest.
2019-3-12 17:35 | |
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Flare has partnered with Red Date Technology to introduce a new identity verification system for Mainland Chinese visitors in Hong Kong. The system, which uses decentralized identity technology, allows users to go through KYC checks while keeping their personal information…
The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
Ethereum stablecoin users transferred billions to centralized exchanges following the results of the 2024 U.S. presidential race.
The two leading stablecoins are seeing increased inflows into centralized exchanges, suggesting a potential buying spree. According to data provided by IntoTheBlock, Tether (USDT) saw its exchange net flows rise from a net outflow of $43 million on Nov. 2…
Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the interest earned on reserves to market participants that help propagate the stablecoin network.
Circle plans to bolster its foothold in Southeast Asia, with Hong Kong’s stablecoin roadmap incentivizing the firm’s proposed business expansion.