Tag: usdidrt

Sep 21 2021

These Investor Advocates Groups Wants the SEC to Accelerate Crypto Crackdown

Sep 21 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors' wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors' advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for The post These Investor Advocates Groups Wants the...

Sep 20 2021

Fed Report’s regulatory overhaul designates Stablecoins as systemically risky

Sep 20 2021 Published at Coingape under tags  bchabcbtc bchabcusdc bchabcusdt bchbnb bchbrl

The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in The post Fed Report’s regulatory overhaul designates Stablecoins...

Sep 13 2021

Relist XRP: Is Coinbase planning to use XRP for remittance?

Recently, one of Coinbase’s outdated web pages went viral, displaying free cross-border XRP and USDC payment services. The page’s information states that Coinbase users can make instant international payments using XRP and USDC, without any transaction or receiving fees from one Coinbase account to another. Furthermore, according to the webpage, this service is supported globally, The post Relist XRP: Is Coinbase planning to...

Aug 13 2021

Defi Hack: Neko Network hacked; attackers steal over 2 million in stablecoins

The Poly Network attack wounds are still fresh, and the Defi market is hit with another hack. The blockchain security team, SlowMist announced that the Neko Network is hacked, with over 2 million stolen in Stablecoins. Neko Network attacker's address has obtained 2 million USDT, 390,000 BUSD, and 1 BTCB. Attackers use PancakeSwap to exchange The post Defi Hack: Neko Network hacked; attackers...

Aug 12 2021

Circle CEO claims traditional banks will soon indulge in stablecoins

Aug 12 2021 Published at Coingape under tags  circle stablecoin etcbtc etceth etcusd etcusdt

Circle Pay, one of the largest digital currency company’s CEO, Jeremy Allaire commented on the efficiency of stablecoins and its bright future in the US banking system. He compared the stability and low risk offered by the stablecoin market to that of the traditional banking system. "Stablecoins are becoming so big that they are going The post Circle CEO claims traditional banks will...

Aug 11 2021

Bank of Ghana partners with German currency technology firm to launch Pilot CBDC

Aug 11 2021 Published at Coingape under tags  bog btcbrl btcbusd btcdai btceur

Bank of Ghana (BoG) has announced a partnership agreement with the German Currency technology platform, Giesecke+Devrient (G+D) to pilot a general- purpose Central Bank Digital Currency (retail CBDC) in Ghana, West Africa. BoG shared in the Press Release that G+D will play a major role in launching Ghana’s e-Cedi Pilot. G+D will pilot the issuance of digital The post Bank of Ghana partners with...

Did Coinbase Lie About USDC to Investors? Here’s How It Could Backfire

Aug 11 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become The post Did Coinbase Lie About USDC to...

Aug 05 2021

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Jul 08 2021

Tether’s (USDT) Unsecured USD Holdings Can Result to Liquidity Shocks Beyond Crypto Market

Tether, the world's third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it's the economists and officials from the U.S. Federal Reserve who have raised serious concerns over Tether's operations. Investors are concerned that any loss of confidence in Tether can lead to a "black swan" The post Tether's (USDT) Unsecured USD Holdings Can...

Apr 09 2021

Crypto Review: Utrust [UTK] Price And Market Analysis, Is $UTK a Good Future Investment?

Apr 09 2021 Published at Coingape under tags  altcoin btcbrl btcbusd btcdai btceur

We hope you're enjoying our market and price analysis of top crypto projects. Our next project in the same series is Utrust ($UTK) trying to disrupt e-commerce, crypto and mobile payments. So, let's begin....

Mar 02 2021

“Play by the Rules Or We will Shut You down”- New York Attorney General Warns Crypto Industry

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

New York state attorney general Letitia James today publicly warned crypto industry player to either play by the rules or the authorities will shut you down citing recent actions against...

Feb 11 2021

$50K for Bitcoin (BTC) Soon As High Stablecoin Deposits and Active Addresses Continue to Rise

After hitting its all-time high above $47,500 levels on Tuesday, February 9, BTC has seen a partial retracement and is currently trading at $44,920 levels with a market cap of $831 billion. After Tesla's...

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 19 2021

100 M USDT Moved From Tether [USDT] Treasury, Analyst Peter Brandt Casts Doubts Over Tether & BTC Pumps

Jan 19 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

100 Million Tether [USDT] were recently moved from Tether treasury to an unknown wallet and it was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Is it just a coincidence? Many...

Jan 15 2021

Tether (USDT) Conspiracy Tosses Again As We Arrive at The D-Day of January 15

Jan 15 2021 Published at Coingape under tags  bitcoin news btcbusd btcdai btceur btcjpy

Today, January 15th is a crucial day for crypto market as the conspiracy around the use of USDT stablecoin by Tether and its alleged relationship with crypto exchange Bitfinex is catching up the heat. Tether is once again in the limelight because the stablecoin issuer has pumped an additional $4.2 billion worth of USDT coins The post Tether (USDT) Conspiracy Tosses Again As...

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