Tag: stablecoin

Nov 29 2021

Nov 24 2021

U.S. Senate Banking Committee Throws Softball Questions To Stablecoins Issuers

Nov 24 2021 Published at Bitcoinist.com under tags  binance.us cbdc cbdcs centre circle

Stablecoins are in hot water in The States… or are they? The U.S. Senate Banking Committee sent letters to Circle, Tether Holdings Ltd., “Coinbase, Gemini, Paxos, TrustToken, Binance.US, and Centre.” What do these companies have in common? They all issue stablecoins pegged to the US Dollar. Is the US government doing a serious inquire this time? Probably not, judging by the questions they...

Nov 08 2021

[Updated] BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time?

Nov 08 2021 Published at CoinCentral under tags  bitcoin blockfi ethereum gemini guides

With a 4.5% APY on BTC and up to 9.5% on stablecoins, the BlockFi Interest Account (BIA) is one of the most competitive cryptocurrency interest accounts on the market. The company is valued at over $3B from its most recent Series D and has attracted attention from cryptocurrency and traditionally non-crypto audiences alike. Our BlockFi explores how BlockFi and...

Nov 02 2021

U.S. Stablecoin Report Urges Bank-like Regulation

Reading Time: 2 minutes The U.S. Treasury Department has called for stablecoin issuers to be regulated like banks A much-anticipated report on stablecoins listed concerns over the unchecked growth of stablecoins If regulated however, stablecoins have the potential to...

Oct 31 2021

Mastercard to Prepare its Network for Stablecoins and CBDCs

Reading Time: 2 minutes Payments giant Mastercard aims to prepare its network for facilitating stablecoin and central bank digital currency (CBDC) transactions. CEO Michael Miebach said they can provide a "safe space for governments and private sector banks" to test...

Oct 29 2021

What is Abracadabra Money? Is this a serious crypto project? Learn About SPELL And MIM Token

The crypto market includes a huge number of various digital assets. This fords beyond both the centralized and decentralized areas. This post is about one such innovation Abracadabra Money. Let's take a look at it in more detail....

Oct 25 2021

Breaking: Nigeria Becomes First African Nation to Launch a CBDC

Oct 25 2021 Published at Coingape under tags  cbdc enaira ltcbch ltcbnb ltcbrl

Nigeria has become the first nation in Africa to launch a soverign digital currency called eNaira. The central bank had earlier delayed the launch by a month but now seems everything has been put in place for the official launch. The Nigerian Central Bank also claimed that their emphasis was more on launching a complete The post Breaking: Nigeria Becomes First African Nation...

Oct 23 2021

Israel Looking at Ethereum Blockchain For its CBDC Development

Oct 23 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Bank of Israel is reportedly set to start its CBDC pilot and they might go with Ethereum as the base blockchain on top of which it would work. The central bank reportedly did its first trial using blockchain but there is no confirmation from the Israeli Central Bank if Ethereum indeed would be a part The post Israel Looking at Ethereum Blockchain For...

Oct 22 2021

USDX Borrowing Is Now Available On Kava Lending Platform

Oct 22 2021 Published at Altcoin Buzz under tags  kava reviews stablecoin usdx

Cross-chain decentralized finance, Kava, is launching a new alternative for its lending platform with its native stablecoin, USDX. Users will be able to generate new low-risk rewards on their lendings. In this article, you will discover why Kava is different from its competitors and everything you need to know about its newest lending platform launch....

Oct 18 2021

Tether Wants to “Focus on the Future” But Doubts Will Persist

Reading Time: 2 minutes Tether has said that it wants to “focus on the future” after settling with the CFTC for $41 million The stablecoin issuer did not mention the “civil monetary penalty” in its press release Doubts will still persist over the backing of the massive...

Oct 13 2021

IMF Calls Crypto a “Challenge”, Asks For Stablecoin Regulation

Reading Time: 2 minutes The International Monetary Fund (IMF) has called crypto, along with COVID-19 and climate change, challenges. The financial body urged regulators to make sure investors know about potential stablecoin risks. However, the IMF acknowledged that...

Oct 10 2021

[Updated] BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time?

Oct 10 2021 Published at CoinCentral under tags  bitcoin blockfi ethereum gemini guides

With a 4.5% APY on BTC and 8.25% on stablecoins, the BlockFi Interest Account (BIA) is one of the most competitive cryptocurrency interest accounts on the market. The company is valued at over $3B from its most recent Series D and has attracted attention from cryptocurrency and traditionally non-crypto audiences alike. Our BlockFi explores how BlockFi (and other cryptocurrency...

Oct 07 2021

MoneyGram Signs Partnership Deal with Stellar and Circle

Reading Time: 2 minutes MoneyGram has signed a deal with Stellar and Circle to send USDC tokens on the Stellar network MoneyGram famously had a deal with Ripple, but that never took off and was pulled seven months ago Stellar is essentially a Ripple clone from former...

Oct 06 2021

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite the press tour, spreading his opinions on crypto around, clarifying his stance. Those opinions...

Sep 30 2021

[Updated] BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time?

Sep 30 2021 Published at CoinCentral under tags  bitcoin blockfi ethereum gemini guides

With a 4% APY on BTC and 8.25% on stablecoins, the BlockFi Interest Account (BIA) is one of the most competitive cryptocurrency interest accounts on the market. The company is valued at over $3B from its most recent Series D and has attracted attention from cryptocurrency and traditionally non-crypto audiences alike. Let's explore how BlockFi (and other cryptocurrency...

Breaking: VISA Unveils Layer-2 Interoperability Platform For Stablecoins

Sep 30 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

Visa, the payment processing giant is expanding its crypto infrastructure with a new stablecoin interoperability focused layer-2 solutions that would allow Central Bank Digital Currencies (CBDCs) and private stablecoins to be transferred between different blockchain. The new platform would be called the "universal payments channel” (UPC). The development of the stablecoin layer 2 solutions can The post Breaking: VISA Unveils Layer-2 Interoperability Platform...

Sep 24 2021

A Comprehensive Guide to BEP-20 Tokens: The Binance Token Standard

BEP-20, or Binance Chain Evolution Proposal, is the Binance token standard for creating tokens on the Binance Smart Chain. If you've ever tried to make cryptocurrency transfers or withdrawals, then you know the importance of sending your coins or tokens to the right address and network to avoid loss of funds, and knowing the token standard is paramount....

Sep 22 2021

Babelfish Cross-Chain Stablecoin Protocol Launches on RSK

Sep 22 2021 Published at UseTheBitcoin under tags  babelfish crypto news stablecoin

The cross-chain stablecoin protocol Babelfish has just announced that they have launched on top of the RSK network secured by the Bitcoin (BTC) ecosystem.Babelfish Launches on RSK The […]

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