Tagged: stablecoins

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

June 28, 2021 @ 12:03 pm By Omar Faridi  |  

Crypto.com revealed on Monday (June 28, 2021) that they are teaming up with global Fintech firm Circle, in order to offer USD deposits and withdrawals to more than 30 different countries. Crypto.com clients may now transfer USD from their bank accounts and get USD Coin… Read More

June 28, 2021 @ 11:02 am By JD Alois  |  

In a speech delivered last Friday, Boston Federal Reserve President Eric Rosengren pointed a finger at top stablecoin Tether as a looming risk for the economy. Tether, or USDT, is the leading stablecoin in the crypto-ecosystem. Used by traders to move in and out of… Read More

June 27, 2021 @ 7:59 pm By Omar Faridi  |  

Paxful, a globally accessible peer-to-peer marketplace supporting transactions with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), reveals that its digital commerce solution has been allowing businesses and individuals to seamlessly receive and send payments. Paxful now supports nearly 400 different payment methods on its platform…. Read More

June 27, 2021 @ 5:13 pm By Omar Faridi  |  

Internet browser Opera (NASDAQ: OPRA), and Celo, an open-source blockchain or DLT ecosystem that aims to make decentralized financial (DeFi) solutions and tools more accessible to smartphone users, have confirmed that Opera will be adding Celo Native Asset (CELO), Celo Dollar (cUSD), and Celo Euro… Read More

June 26, 2021 @ 7:10 am By Omar Faridi  |  

NEM Ventures has expanded its early-stage ecosystem after the launch of Symbol. As mentioned in a release shared with Crowdfund Insider, the NEM Ignite Incubator Program is now preparing promising or high-potential blockchain startups for market entry on Symbol. NEM Ventures, which is the VC… Read More

June 15, 2021 @ 3:17 am By Omar Faridi  |  

The Basel Committee on Banking Supervision, the main international standard-setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters (with 45 members comprising central banks and bank supervisors from 28 jurisdictions), has initiated a public consultation on… Read More

June 12, 2021 @ 10:06 am By Omar Faridi  |  

Global Fintech Circle is now providing what it claims to be a “market-leading” Yield product developed on major stablecoin USDC. The new product is currently available for certain clients through an Early Access Program, the Circle team confirmed in a recent blog post. As mentioned… Read More

June 9, 2021 @ 10:54 am By Priyanka Pani  |  

The Bank of England (BoE) has long indicated it is interested in new forms of digital currencies such as Stablecoins and central bank digital currencies. In the past, the Bank has wondered about the impact to monetary policy and possible risk regarding the issuance of… Read More

June 8, 2021 @ 12:29 pm By JD Alois  |  

e-Money, a protocol built for the issuance of interest-bearing currency-backed stablecoins, is seeking to challenge the established stablecoin market by providing an alternative that generates income. The Danish startup currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the… Read More

June 7, 2021 @ 7:00 am By Omar Faridi  |  

  We recently connected with Oliver Xie, the Founder at InsurAce, a DeFi insurance protocol, that is introducing multi-chain insurance services on its Ethereum dApp (app.insurace.io), in order to offer insurance coverage to protocols and blockchain platforms like Ethereum, Binance Smart Chain (BSC), Huobi Eco… Read More

June 2, 2021 @ 2:24 pm By Omar Faridi  |  

The cryptocurrency market has really been tested during the past few weeks following “a cascade of negative news,” the Coin Metrics team notes in its latest report. The resulting crypto market price crash has also been “a big test” for stablecoins, which are becoming a… Read More

June 1, 2021 @ 12:35 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) announced on Monday (May 31, 2021) that it has unlocked stable (stablecoin) pair trading. Crypto exchange Coinbase says its mission is to “increase economic freedom in the world.” According to the company that recently went public, an open financial system… Read More

May 23, 2021 @ 10:38 pm By Omar Faridi  |  

Adam Turman, Developer Support Engineer at Kava Labs, which is focused on “democratizing” financial services and making them more accessible to “anyone, anywhere” across the globe, notes that when Hard Money Market V2 was introduced on April 8, 2021, Binance USD (BUSD) had been the… Read More

May 21, 2021 @ 2:16 pm By Omar Faridi  |  

Chainalysis, the blockchain analysis firm, revealed on Thursday (May 20, 2021) that it has launched Chainalysis Business Data, which is described as a “first-of-its-kind” data offering to assist digital asset exchanges and other Fintechs that provide crypto-related services. Chainalysis Business Data should allow service providers… Read More

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

May 16, 2021 @ 11:57 am By Omar Faridi  |  

Tether, the world’s largest stablecoin issuer, recently published a detailed Breakdown of its Reserves. Tether Holdings Ltd has shared the breakdown of the different categories of assets that form “the basis” of Tether’s issued USDT token reserves (at March 31, 2021). Tether‘s management noted that… Read More

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

May 14, 2021 @ 7:38 am By Omar Faridi  |  

Digivault, the “secure” digital asset custody business of Nasdaq listed Diginex Limited (Nasdaq: EQOS), has reportedly become the “first” stand-alone crypto custodian to receive approval from the UK Financial Conduct Authority (FCA) in order to register as a custodian wallet provider “under the Money Laundering,… Read More

May 2, 2021 @ 3:47 pm By Omar Faridi  |  

Peter Mallouk, President and CEO at Creative Planning, a nationally recognized “leader” in the wealth management community, recently noted that if you purchase a hundred stocks, “odds are most go up.” Mallouk also mentioned that if you buy a hundred cryptocurrencies, “most will go to… Read More