Tag: stablecoin news

Apr 02 2021

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Apr 02 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

People Bank of China, the Chinese Central Bank believes the rising price of...

Mar 30 2021

Tether Offers Transparency Report to Prove Its Reserves Are Fully Backed

Mar 30 2021 Published at Coingape under tags  news stablecoin stablecoin news tether usdt

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into The post Tether Offers Transparency Report to Prove...

Feb 23 2021

Bitfinex and Tether Settles Dispute With NYAG With $18.5 Million Penalty

Feb 23 2021 Published at Coingape under tags  bitfinex ifinex news nyag regulation news

iFinex owned Bitfinex and Tether finally settled with NYAG...

Feb 18 2021

Gaming Stablecoin ZUSD Listed on Secure Digital Markets

Feb 18 2021 Published at Coingape under tags  stablecoin news zusd

GDA Group’s institutional trading desk,...

Feb 10 2021

Just-In: Binance Launches P2P Market For Nigerian Crypto Traders Post Banking Ban

Binance crypto exchange has launched a P2P market for Nigerian crypto traders in the wake of the Central Bank of Nigeria announcing a banking ban for crypto exchanges and traders. The crypto platform which was already offering direct fiat deposits and trading pairs had to halt the service in the wake of the banking ban, The post Just-In: Binance Launches P2P Market For...

Feb 03 2021

Crypto Exchanges See Massive Stablecoin Inflow Hours Before MicroStrategy Conference

Feb 03 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Crypto exchanges saw a massive inflow of over $550 million in stablecoins this morning as the price of bitcoin...

Jan 20 2021

Breaking: Bitfinex and Tether Seeks 30-day Extension to Produce Critical Financial Document Before NYAG

Jan 20 2021 Published at Coingape under tags  bitfinex bitfinex vs nyag ifinex news nyag

iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine's day https://t.co/NgozuAMDVY -- The post Breaking: Bitfinex and Tether Seeks 30-day...

Jan 15 2021

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

Jan 15 2021 Published at Coingape under tags  blockchain news btcbusd btcdai btcgbp btcpax

An interesting twitter poll titled, "Are Digital Currencies Real Money" regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than...

Jan 05 2021

OCC Greenlights the Use of Stablecoin by Federal Banks

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published...

Dec 24 2020

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Dec 24 2020 Published at Coingape under tags  btcbrl btcbusd btcgbp btcjpy btcrub

China Construction Bank, one of the largest banks in China has started a new use case for the country's much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports The post Crypto China: Construction Bank in China...

Dec 14 2020

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Dec 14 2020 Published at Coingape under tags  btcbrl btcbusd btceur btcjpy btcngn

China's growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China's national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance The post "We Don't Have Ambitions to Replace...

Dec 12 2020

Breaking: Sweden Starts trials For National Digital Currency, Joins China And Others In CBDC Race

Dec 12 2020 Published at Coingape under tags  altcoin btceur btcjpy btcmxn btctusd

Sweden, one among the most cashless society is moving closer to launching its own sovereign national digital currency. The Swedish government is starting feasibility trials in the form of a review which was launched on Friday as reported Bloomberg. The trials will be lead by Anna Kinberg Batra, a former chairwoman of the Riksbank’s finance The post Breaking: Sweden Starts trials For National...

Dec 09 2020

Stablecoin Demand Surges as USDC Supply Surpasses $3Bn, Tether Closes on $20Bn

Dec 09 2020 Published at Coingape under tags  news stablecoin news usddai usdeosdt usdgusd

The demand for digital dollars is soaring and the second-largest stablecoin in the crypto ecosystem has just reached a new circulation milestone. The Centre Consortium’s USD Coin has just surpassed 3 billion in circulation, growing by nearly 500% in 2020 according to a blog post today. The founding members of the consortium are Circle and The post Stablecoin Demand Surges as USDC Supply...

Dec 08 2020

Breaking: G7 Nations Raise Concerns Over Rising Crypto Adoption

Dec 08 2020 Published at Coingape under tags  altcoin bitcoin bitcoin news btcusd btcusdt

The financial heads of G7 countries met on Monday during the 12th meeting of the G7 finance officials hosted by U.S. Treasury...

Dec 03 2020

Largest Russian Bank “Sber” to Pilot Digital Currency SberCoin by 2021

Dec 03 2020 Published at Coingape under tags  altcoin altcoin news btcbusd btceur btcgbp

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has...

Oct 13 2020

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