Tagged: stablecoins

Tether Issues Statement on CFTC Settlement

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… Read More

House Members Send Letter to Secretary Janet Yellen Requesting Clarification on Stablecoins

Warren Davidson

US House of Representatives Patrick McHenry, Tom Emmer, and Warren Davidson have co-authored a letter addressed to the Secretary of the US Department of Treasury Janet Yellen. The Congressmen have requested that Yellen clarify her position on stablecoins – digital assets typically tied to fiat… Read More

Ethereum Experiences Burst of New User Adoption in Q3 due to NFTs, Bitcoin Records Steady Gains: Report

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

International Organization of Securities Commissions Issues Report on Stablecoins as Regulation is Certain

Stablecoins, typically described as digital assets pegged to another asset or basket of assets, are designed to replicate a fiat currency in a digital environment. Stablecoins are frequently utilized in the digital asset sector to seamlessly move between other crypto-assets and into an asset that… Read More

Trovio Capital Management Launches Digital Asset Fund for DeFi Firms

Trovio Capital Management (TCM) has announced the creation of the Digital Asset Income Fund for investing in stablecoin based decentralized finance (DeFi) protocols. TCM is a subsidiary of The Trovio Group based in Australia. The Fund is said to be institutional-grade to enable a safe… Read More

Kim Hamilton Duffy Joins Centre, Established by Coinbase and Circle, as Director of Identity and Standards

Centre, the consortium that has been established by global Fintech Circle and digital assets firm Coinbase (COIN: Nasdaq) to offer standards and governance for USD Coin (USDC), which has become one of the  fastest-growing “digital dollar” currencies, reveals that recent MIT Digital Credentials Architect Kim… Read More

Compound General Counsel Jake Chervinsky has Joined Advisory Team at Gro, a Stablecoin Yield Farming Protocol

Gro, the “protected” stablecoin yield farming protocol, is pleased to confirm that Jake Chervinsky, General Counsel at Compound Labs, will be joining the Gro team as a “strategic” advisor. As mentioned in a release shared with CI, Jake brings “a wealth of experience in the… Read More

Kava Labs, a Developer of DeFi Services, Chooses Cosmostation as First Recipient of Part of $185M Ignition Fund

Cosmostation has been chosen by Kava Labs as the very first ecosystem partner to receive a certain portion of the $185 million Kava Ignition Fund. As mentioned in an update from Kava Labs, an open-source developer of financial services for decentralized finance (DeFi), the funds… Read More

COTI Introduces Bank Accounts and Visa Debit Cards

COTI is pleased to confirm that its Visa debit cards and bank account are accessible to the public. With assistance from Simplex, both of these financial tools should help with addressing “economic inequality.” As noted in an update shared with Crowdfund Insider, COTI aims to… Read More

Acala Introduces Liquid Staking Product for Polkadot (DOT), Kusama (KSM) with Assistance from Blockdaemon

Acala, the decentralized finance (DeFi) network and liquidity hub of Polkadot, reveals that it has formed a partnership with Blockdaemon, a blockchain or DLT  infrastructure provider, in order to support its newly-developed staking derivatives for Polkadot (DOT) and Kusama (KSM). As noted in an update… Read More

Gennix, DTC to Integrate Fiat-Crypto Payments

Technicorum Holdings, an IT and service group specializing in digital assets and incubator of DeFi and NFT project KingSwap, today announced Gennix, a microlending protocol aimed at reducing financial inequality on the blockchain, has struck a strategic business partnership with DTC to integrate fiat-crypto payment… Read More

Global Fintech Circle Says USDC Stablecoin on TRON Facilitates High-Speed, On-Chain Value Transfers

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

Digital Asset Exchange Gemini Adds Moss Carbon, Terra, Metaverse, Infrastructure, Stablecoin Tokens

Digital assets firm Gemini reveals that it now supports trading with Moss Carbon and Terra, in addition to new metaverse, infrastructure, and stablecoin tokens. As mentioned in an update shared with CI: “Today, [the Gemini team is] delighted to announce support for a new set… Read More

Growth DeFi Integrates Chainlink Price Feeds to Support Lending, Liquidation, Other Services for MOR Stablecoin Release

Growth DeFi has integrated Chainlink (LINK) price feeds on the Binance Smart Chain (BSC) mainnet for their collateralized stablecoin lending protocol, MOR. By integrating Chainlink’s decentralized Oracle network, the MOR protocol will be able to gain access to “high-quality” and “tamper-proof” price feeds required to… Read More

HaloDAO, a Stablecoin Marketplace Protocol, and Yield Guild Games to Support Cash Outs in Southeast Asia

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… Read More

NFTs: Hoard Marketplace to Enable Borrowing, Trading, Lending, Staking of Non-Fungible Tokens

NFTs have become quite popular with a diverse group of consumers including professional NBA athletes like Stephen Curry and even former heavyweight boxing champion Mike Tyson is talking about these digital collectibles. NFTs have quickly become the most-widely discussed topic in the crypto space. Even… Read More

New Bitcoin (BTC) Investment Product Now Being Offered by Matrixport

Matrixport, one of the fastest-growing digital assets financial services platforms in Asia, reveals that it has introduced “BTC-U Range Sniper,” which is described as an innovative “first-mover” product, which enables traders and investors to earn greater returns when the Bitcoin price “moves within a specified… Read More

Fintech Platform YouHodler Integrates with Fireblocks, a Digital Asset Custody, Transfer, Settlement Service

YouHodler, a Fintech platform that assists consumers with accessing the benefits of the fast-evolving crypto economy, has reportedly integrated with Fireblocks, a digital asset custody, transfer and settlement platform. Through the partnership, YouHodler will be leveraging Fireblocks for cryptocurrency transactions management and integrations with several… Read More

Diem Association’s Technical Steering Committee Appoints CTO Daniel Prinz

First DAG, which has created global virtual payment platform as a service, reveals that Diem Association’s Technical Steering Committee (TSC) has appointed its CTO, Daniel Prinz, as an official Maintainer of the Diem blockchain, which is a distributed, programmable database developed to act as the… Read More

Coinbase Adds Trading Support for COTI, a Protocol for Decentralized Payment Networks, Stablecoins

Beginning on Friday, August 27, 2021, COTI (COTI) will be available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase clients are now able to trade, send, receive, or store COTI in “most Coinbase-supported regions, with certain exceptions” (certain jurisdictions excluded due to… Read More

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