Miner Returns $2.2 Million In Fees Mistakenly Paid by Crypto Exchange Bitfinex

Cryptocurrency exchange Bitfinex paid a whopping $23. 57 million in transaction fees to deposit $100,000 in what appears to be a bug in the system. The exchange was actually moving the amount in stablecoin Tether (USDT) to the decentralized exchange DeversiFi, which shared the mishap on Twitter. дальше »

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Facebook to Launch Virtual Metaverse With A $50 Million Capital Injection

Social media giant Facebook is known to have its hand in different upcoming industries. With the company still working on launching its stablecoin, it appears to now be turning its attention to the virtual world. дальше »

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Cardano's new stablecoin, Djed will be issued by COTI

At the Cardano Summit 2021, Input Output HK (IOHK) announced a partnership with COTI, as Cardano's stablecoin platform. Moving forward, the COTI platform will be the official issuer of Djed, the netwoThe post Cardano's new stablecoin, Djed will be issued by COTI appeared first on AMBCrypto. дальше »

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Cardano Unveils ‘Djed’ – An Innovative Stablecoin For The Fast-Growing Ecosystem Issued By COTI

Cardano’s new stablecoin, Djed, will now be issued by the COTI platform according to a partnership announcement on Sunday at the Cardano summit in Wyoming. Djed, a product of efforts between IOG, Cardano’s Emurgo, and Ergo Blockchain is based on an algorithmic design that uses smart contracts to ensure price stabilization improving usability in decentralized […] дальше »

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e-Money and Osmosis Team Up to Make eEUR the First Stablecoin to Be Listed on Osmosis AMM Decentralised Exchange

Most active DeFi participants have probably heard about Osmosis by now. The Cosmos Hub-based AMM platform has skyrocketed to over $500 million in Total Value Locked and built a global community of passionate supporters. дальше »

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Cardano to enable new DeFi stablecoin with Coti

Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay.

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COTI to Issue New Stablecoin on Cardano Network

COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance on the network. The post COTI to Issue New Stablecoin on Cardano Network appeared first on BeInCrypto. дальше »

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Cardano Ecosystem to Use COTI’s Djed Algorithmic Stablecoin

Speaking at the recently concluded Cardano Summit, Cardano (ADA) Founder Charles Hoskinson said that the leading blockchain platform will see COTI serve as its official issuer of a new stablecoin based on the Djed stablecoin protocol. дальше »

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COTI to issue new stablecoin for Cardano ecosystem

During the Cardano (ADA/USD) Summit, founder Charles Hoskinson announced COTI would be the official issuer of a new stablecoin for the Cardano system, based on the Djed protocol, Invezz learned from a press release. дальше »

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BUSD: A case study for stablecoin compliance and security

Are stablecoins really stable? An in-depth case study based on the third-biggest stablecoin in the world answers the industry’s most pressing concerns. дальше »

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Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground

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New decentralized stablecoin in China targets international trade

Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.

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Cross-Chain Stablecoin Babelfish Adds RDOC to RSK’s Stablecoin Protocol

RSK is proud to add the Babelfish stablecoin to its stablecoin protocol. RSK users will now enjoy the support of RDOC aside from the cross-chain digital asset. Babelfish facilitates the exchange and the flow of stablecoins to achieve a decentralized financial system. дальше »

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HSBC CEO backs CBDCs against crypto and stablecoins

Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level.

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Crypto lending and stablecoin provider TrustToken acquires Web3 dev firm EthWorks

TrustToken, the creators of TrueFi, an unsecured lending protocol, and maker of popular stablecoins including TrueUSD, recently announced the acquisition of EthWorks, a Web3 development company with a deep portfolio of successful blockchain projects. дальше »

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Bitcoin On-Chain Analysis: Stablecoins Show Considerable Buying Power

In this article, BeInCrypto takes a look at on-chain bitcoin indicators like the Stablecoin Supply Ratio (SSR) and the (USDT) supply on exchanges. The post Bitcoin On-Chain Analysis: Stablecoins Show Considerable Buying Power appeared first on BeInCrypto. дальше »

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Treasury plots stablecoin crackdown even as Tether’s dominance wanes

While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.

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Tether Claims to Hold no Commercial Paper From Struggling Evergrande

Stablecoin Tether says it does not hold any commercial paper from Evergrande in recent a statement. Evergrande, China’s second-largest property developer by sales, recently warned that it was in danger of defaulting on massive debts. дальше »

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How to Maintain Stablecoin Value: Inside EURST’s Stability Mechanism

Do you know what the strongest currency in the world is? It certainly isn’t the Euro, and it never has been –  it’s economic capability has been questioned ever since its inception in 1999. There was a serious error in its strategy, and a flaw that has lay dominant over it for decades, sticking outRead More дальше »

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Coinbase CEO Asks For “True” Stablecoin, Jack Dorsey Says: Bitcoin Fixes This

Bitcoin and stablecoins have seen a lot of attention during the past week. After the Securities and Exchange Commission (SEC) Chairman Gary Gensler took part in a U. S. Congressional Hearing, the looming threat of new regulations against the sector growths. дальше »

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HaloDAO Is Collaborating with YGG for Local Stablecoin Support for Simpler Cash Out

HaloDAO, a stablecoin marketplace protocol, is working with Yield Guild Games (YGG) to enable YGG community members to support simpler cash outs in local regions with its updated v1 stablecoin optimised AMM on Ethereum and Polygon. дальше »

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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. дальше »

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US Treasury reportedly in talks for stablecoin regulation

Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once.

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Terra (LUNA) kickstarts $150 million ‘Project Dawn’ to bolster cross-chain ecosystem

Terraform Labs (TFL), a team behind the algorithmically-governed stablecoin platform Terra, recently announced the launching of the blockchain’s new funding initiative dubbed Project Dawn. The post Terra (LUNA) kickstarts $150 million ‘Project Dawn’ to bolster cross-chain ecosystem appeared first on CryptoSlate. дальше »

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Regulatory Drama Aside, Crypto Derivatives Rise from the Ashes

For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin. дальше »

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Regulatory Drama Aside, Crypto Derivatives Rise From the Ashes

For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin. дальше »

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Ripple welcomes Coinbase 'to the party' as SEC threatens to sue

Coinbase has received a warning from the United States Securities and Exchange Commission [SEC] over its high-interest crypto-product, Lend. The product intends to pay a 4% interest to stablecoin owneThe post Ripple welcomes Coinbase 'to the party' as SEC threatens to sue appeared first on AMBCrypto. дальше »

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DeFi Stablecoins Record a Surge in Interest Rates, Total Stablecoin Supply Grows 4x in 8 Months

Lending and borrowing rates on DeFi stablecoins keep trending up. The rates first started going up in late July when the crypto asset prices bottomed and began their recovery. As crypto-assets started their uptrend, funding rates also gradually increased as traders joined in on the action. дальше »

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Fiat-Backed Stablecoin EURST Announces Public Launch

EURST, a fiat-backed stablecoin based on the Ethereum network’s ERC20 token standard, has announced it will be available for public use. This comes on the heels of its successful soft launch. дальше »

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Composable Finance Introduces Stablecoin Contributions for Parachain Crowdloans

Composable Finance, a decentralized finance (DeFi) infrastructure project aiming to improve financial applications on the blockchain, has announced its acceptance of stablecoins into its crowdloan. This is a major development in the space, as it marks the first time that users can contribute stablecoins into a crowdloan for a parachain, instead of having to purchaseRead More дальше »

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COTI Releases Growth Plan: Treasury, Stablecoin Factory and Ecosystem

COTI, a one-stop digital financial ecosystem, releases an updated roadmap for the coming months дальше »

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BRZ Adopts RSK Bitcoin Sidechain & Ethereum-Compatible Protocol

Brazilian Digital Token (BRZ) is now live on the RSK Bitcoin sidechain and Ethereum smart contracts-compatible network. With the adoption of RSK, holders of the BRZ stablecoin will now get secure, superfast and cost-efficient transfers while also being able to enjoy the benefits of decentralized finance (DeFi) with their BRZ tokens. BRZ Taps RSK forRead More дальше »

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Tether Wants Court to Deny CoinDesk’s FOIL Request on the Breakdown What is Backing USDT

World’s largest stablecoin operator Tether Limited has petitioned the courts not to accede to CoinDesk’s request in a filing. Tether Slams The Door On CoinDesk Earlier this week, the popular stablecoin company asked a New York judge to block disclosure efforts from the industry news outlet. дальше »

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Stablecoin aggregator dApp BabelFish raises $5.8M via Sovryn Launchpad

BabelFish, a stablecoin aggregator on Rootstock, has completed a successful fundraise totaling $5. 8 million via a listing on Sovryn’s Origins Launchpad, the first organization to do so. Funds raised will enable BabelFish users to vote on protocol upgrades, reward the community for work completed, and conduct research and development to sustainably increase AUM and integrations. дальше »

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Tether asks New York court not to give journalists access to materials filed by NYAG

Crypto exchange Bitfinex and stablecoin operator Tether applied to a New York court to order the state attorney general to reject a request for information provided by Coindesk about the companies' financial reserves. дальше »

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Canada’s Security Regulator Prohibits Regulated Crypto Exchanges from Trading in Tether (USDT)

The Ontario Securities Commission (OSC) has put the dominant stablecoin Tether (USDT) in its prohibited crypto assets list while allowing cryptocurrency exchanges to trade in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). дальше »

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Stablecoin reserves data reveals this about the 'almost inevitable' Bitcoin, Ethereum price trend

Re-visiting pre-set records, consolidating and correcting - this is typically how the last few days have looked like for most of the market's top coins, including the likes of Bitcoin and Ethereum. дальше »

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Is MakerDAO's move toward decentralization, triggering this rally for Maker

MakerDAO, the organization behind the stablecoin DAI and the altcoin Maker (MKR), has been undergoing some radical changes. This, in spite of the fact that the challenges of exploits and hacks slowed The post Is MakerDAO's move toward decentralization, triggering this rally for Maker appeared first on AMBCrypto. дальше »

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Tether releases newly-unfrozen funds associated with Poly Network, Yearn DAI hacks

Tether is in the news today after the world's largest stablecoin announced the release of $33.4 million in frozen funds. These funds were associated with the Poly Network hack that took place earlier The post Tether releases newly-unfrozen funds associated with Poly Network, Yearn DAI hacks appeared first on AMBCrypto. дальше »

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Interview With Ran Goldi, One of The Architects Behind the Facebook-led Diem, On The “Stablecoin Revolution”

Almost two years ago, social media giant Facebook set out to launch one of the most ambitious financial projects, a global stablecoin called Libra. The project took a lot of heat from regulators, lost important partners, and was believed to have been completely shut down. дальше »

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Stablecoin Supply on Exchanges Hits $19.22 Billion ATH – Long-Term Bullish Scenario Possible: CryptoQuant CEO

Head of data agency CryptoQuant has stated that $1.7 billion in stablecoins have been shifted to crypto exchanges, which could mean a bullish scenario is in the cards дальше »

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Tether Releases Frozen Stolen Funds; Over $33M to Poly Network and 1.7M USDT to Yearn Hack

Dominant stablecoin Tether said on Wednesday that just over $33. 4 million of funds that were frozen by the company in regards to the Poly Network exploit earlier this month have now been released to its legitimate owners. дальше »

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Facebook Ignores Bitcoin, Works on NFTs and Stable Coins Instead

Novi and Diem (Formerly known as Libra) underline the fact that Facebook simply doesn’t understand Bitcoin, and continues to flounder on delivering even its own stablecoin project, or a single NFT. дальше »

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Blockchain Firm Paxos Renames Paxos Standard (PAX) Stablecoin to Pax Dollar (USDP)

Blockchain infrastructure firm Paxos has announced the rebranding of its stablecoin from Paxos Standard (PAX) to Pax Dollar (USDP). USDP Would Transform Global Payments Paxos move to rebrand is part of its plan to distinguish itself from other stablecoin operators. дальше »

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Ampleforth (AMPL) founder: There is a solution to the decentralized stablecoin dilemma

As the US dollar devaluation becomes a hot topic, CryptoSlate talked to the founder of the “rebasing cryptocurrency” designed to fight the inflation curse. The post Ampleforth (AMPL) founder: There is a solution to the decentralized stablecoin dilemma appeared first on CryptoSlate. дальше »

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Ampleforth founder: There is a solution to the decentralized stablecoin dilemma

As the US dollar devaluation becomes a hot topic, CryptoSlate talked to the founder of the “rebasing cryptocurrency” designed to fight the inflation curse. The post Ampleforth founder: There is a solution to the decentralized stablecoin dilemma appeared first on CryptoSlate. дальше »

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USDC Stablecoin Reserves To Be Held In Cash and U.S Treasuries: Circle

From September this year, USDC stablecoin will be 100% backed by cash and short-term US government treasuries. This is according to the Centre Consortium, the organization that manages the cryptocurrency, which is backed by Circle Financial And Coinbase. дальше »

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USD Coin (USDC) Now Backed by Only Cash and Treasury Bills

Center has announced via a blog post on August 22, 2021, that the financial instruments in its USD Coin (USDC) stablecoin reserves have been shrunk down to only the fiat dollar and United States Treasury Bills. дальше »

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Circle Reverts to More Conservative Investment Profile for USDC Reserves

President and chief operating officer at Coinbase, Emilie Choi, has posted an update on the reserves of the world’s second-largest stablecoin, USDC. The post Circle Reverts to More Conservative Investment Profile for USDC Reserves appeared first on BeInCrypto. дальше »

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Cardano (ADA) backed ‘Djed’ stablecoin promises transparency and price stability

With the imminent launch of smart contracts on Cardano, thoughts turn to its ecosystem and how it will develop against competing chains. The post Cardano (ADA) backed ‘Djed’ stablecoin promises transparency and price stability appeared first on CryptoSlate. дальше »

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