Facebook’s ‘Novi’ Crypto Wallet Lets Users Move Money With Help of Stablecoin $USDP

Facebook has launched the pilot program for its Novi crypto wallet in Guatemala and most of the United States. Novi is a digital wallet from Facebook that allows its users to send and receive money instantly and without fees. Here is the Novi team explaining how this works: “Novi uses digital currencies that make sending […]

Shark Tank Star Kevin O’Leary Explains How the U.S. Will Regulate Stablecoins

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently talked about how he thinks the U.S. will regulate stablecoins in the future. In an interview with Kitco News on October 6, O’Leary said he was open to crypto regulations and welcomed the input of government bodies to provide institutional investors with […]

Cardano ($ADA) Powered DeFi Hub Building Cardano-Elrond Bridge Infrastructure

Cardano-powered DeFi Ardana has announced a long-term partnership with high-throughput layer 1 blockchain Elrond ($EGLD), as the result of which Ardana “will build the bridge infrastructure required for asset transfer between Cardano and Elrond.” Ardana is “a decentralized stablecoin hub which will bring the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano”. […]

What SEC Chair Gary Gensler Is Saying About Crypto and How It Should Be Regulated

The U.S. Securities and Exchange Commission (“the SEC”) Chairman Gary Gensler has expressed his thoughts on the crypto space quite a few times since he was sworn into office on April 17. Gensler was nominated by President Joe Biden to Chair the U.S. SEC on February 3, confirmed by the U.S. Senate on April 14, […]

Djed: A Cardano-Powered Algorithmic Stablecoin

On Sunday (September 26), day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), and FinTech startup COTI Group, unveiled Djed, a new algorithmic stablecoin for Cardano that was developed by the former and is issued by the latter. Djed’s use of smart contracts ensures price […]

Chainalysis Research Analyzes Usage of Bitcoin, Ethereum, and Stablecoins

On Thursday (July 1), blockchain forensics startup Chainalysis published a research report that looked at the usage of Bitcoin (BTC), Ethereum (ETH), and stablecoins. For the Q1 2021 period, the Chainalysis research team used “blockchain analysis to track transaction patterns and analyze the characteristics of the biggest wallets holding different types of cryptocurrencies.” According to […]

Bank of England Governor: ‘Cryptoassets Such As Bitcoin’ Are ‘Not Money’

On Tuesday (June 15), Andrew Bailey, the governor of Bank of England (which is the central bank for the United Kingdom), talked about cryptoassets. His comments about crypto were made as a part of a speech (titled “Innovation to serve the public interest”) he gave yesterday at TheCityUK Annual Conference 2021. Bailey started by explaining […]

China’s Central Bank Regards Bitcoin as an ‘Investment Alternative’

Li Bo, deputy governor of the People’s Bank of China (usually abbreviated to “PBoC” or “PBC”) recently called Bitcoin ($BTC) an “investment alternative.” According to a report by The Block, when asked last Sunday — during a panel hosted by CNBC at the Boao Forum for Asia — if China intended to maintain its stance […]

Tether Is Planning to Launch New Version of USDT on Polkadot and Kusama

On Tuesday (April 6), Tether Operations Limited (“Tether”), the company that issues the largest stablecoin by market capitalization, announced that it is planning to launch Tether tokens (“USDt”) on the Polkadot network. Before USDt gets launched on Polkadot, it will go live on Kusama, which is currently serving as a canary/test network (or pre-production environment) […]

Visa Starts Settling USDC Stablecoin Payments on the Ethereum Blockchain: Report

Payments giant Visa has announced it is now settling payments in the USDC stablecoin on the Ethereum blockchain, becoming the first major payments network to use a stablecoin as a settlement currency. According to Business Insider, Visa piloted the USDC payment option via cryptocurrency exchange, which will now be able to manage its crypto […]

Crypto Analyst Names Four Altcoins He Is Really Bullish On

Last Sunday (January 24), popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about four altcoins that he’s buying at the moment. In a video released on his YouTube channel on January, Davis told his 180K+ subscribers about four altcoins that he believes will do very well in the coming weeks/months. The first cryptoasset that Davis […]

JPMorgan Chase CEO on Blockchain Technology and the ‘Very Very Tough Competition’ Against FinTech Firms

On Friday (January 15), during the JPMorgan Chase Q4 2020 Earnings Call, CFO Jennifer Piepszak and Chairman and CEO Jamie Dimon talked about blockchain technology and the “very very tough competition” in the next 10 years against FinTech firms. During the Questions & Answers segment of the conference call, Charles Peabody, President of Portales Partners, […]

Visa Connecting Its Payment Network to Circle’s Ethereum-Powered USD Coin ($USDC)

According to a report by Forbes, the partnership between Visa and Circle Internet Financial (“Circle”), which developed dollar-backed stablecoin USDC Coin (USDC), means that from today Circle will help Visa card issuers to enable sending/receiving USDC payments. The Forbes report says that “businesses will eventually be able to send international USDC payments to any business […]

European Central Bank Floats Possibility of Decentralized Digital Euro

The European Central Bank (ECB) has asked the public to comment on the development of a digital euro, including the use of decentralization.  According to a series of tweets published by ECB President Christine Lagarde, the E.U.’s central bank is looking for feedback on a digital euro. Lagarde said the bank was exploring the possibility […]

Former PBoC Governor: Digital Yuan Will Fight ‘Dollarization’ of Chinese Economy

The former head of the People’s Bank of China said the digital yuan would combat “dollarization” of the country’s economy.

John McAfee Continues to Shill Cryptoassets From Behind Bars

John McAfee published an update from his cell in a Spanish prison, shilling the project $GHOST as a stablecoin that will revolutionize crypto stransactions.

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx. Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments […]

DAI’s Market Cap Closes in on $1 Billion Mark Thanks to Yield Farming Trend

The market capitalization of the cryptocurrency-backed stablecoin DAI is closing in on the $1 billion mark, thanks to the growth of the decentralized finance (DeFi) space and the yield farming trend within it. According to Messari, the supply of the DAI stablecoin grew by 623% in the third quarter of this year. The stablecoin started […]

Tether’s Market Cap to Rival Ethereum in 2021: Report

Bloomberg’s Crypto Outlook report predicts Tether rivaling ethereum’s market capitalization by the end of 2021, while saying the price of BTC could rise to $100K by 2025.

G7 to Oppose Libra Launch Until Properly Regulated

Financial leaders of the world’s seven biggest economies are set to reveal they will oppose the launch of Facebook’s Libra cryptocurrency project until it’s properly regulated, according to a draft G7 statement. The draft, Reuters reports, was prepared for a meeting of financial ministers and central bankers from the United States, Japan, Germany, France, Canada, […]

European Central Bank Tells EU to Prepare for Digital Euro

European Central Bank executive board member Fabio Panetta says the EU must begin preparing for the development of a digital Euro to compliment physical cash.

Binance Announces Decentralized Stablecoin Marketplace Venus

Cryptocurrency exchange Binance has announced the launch of new DeFi stablecoin platform Venus utilizing the Smart Chain network.

Everyone Will Use China’s Digital Currency, Says Bitcoin and Ether Startup Investor

Cryptocurrency pioneer Chandler Guo says “one day everyone in the world” will use China’s state-backed digital yuan.

Stablecoins Surpass $20 Billion in Market Cap as Demand Keeps Rising

The total value of stablecoins in the cryptocurrency space is now above $20 billion as demand for cryptocurrencies pegged 1:1 with national fiat currencies – mainly the U.S. dollar – keeps on growing. According to data from Coin Metrics, the total value of stablecoins surpassed $20 billion this Thursday, September 24, little over four months […]

Tether’s Market Cap Surpasses $15 Billion After Growing by $3 Billion in a Single Month

The total market capitalization of Tether’s USDT stablecoin has grown by $3 billion in a single month, to help the stablecoin further cement its position as the number three crypto by market cap, at $15 billion. Tether celebrated the milestone on Twitter by pointing out its growth over the last 30 days and its position […]

Bahamas Set to Launch Sand Dollar Digital Currency Next Month: Bloomberg

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

CENTRE Consortium Unveils Major Update for ERC-20 Stablecoin USD Coin (USDC)

On Thursday (August 27), CENTRE Consortium, announced that USD Coin (USDC), “the fastest growing, fully reserved digital dollar stablecoin”, which currently has a market cap of over $1.4 billion, had received a major update. The CENTRE Consortium, which was co-founded by Coinbase and Circle in October 2018 as “a joint venture aimed at establishing a […]

Tether’s USDT Surpasses Bitcoin and PayPal’s Average Daily Transfer Value

Tether’s USDT stablecoin has seen its 7-day average daily transfer value surpass that of the flagship cryptocurrency bitcoin and PayPal, according to new research. A report published by CoinMetrics details that after “months of rapid growth” Tether’s 7-day average adjusted transfer value flipped bitcoin’s. The stablecoin’s average transfer value surpassed $3.5 billion on August 20, […]

Ripple Exec: XRP Does Not Compete With Stablecoins or CBDCs

Ripple Senior Director of Global Operations Emi Yoshikawa claims that XRP does not compete with stablecoins and central bank currencies and instead provides synergy through solving liquidity issues. Raises Interest Rate on Crypto Deposits To up To 12%

Cryptocurrency wallet provider, well-known for its bitcoin and bitcoin cash block explorer and related data tools, has raised the interest rate it pays on cryptocurrency deposits for its users. According to an announcement the firm published on Twitter, it is now paying users up to 12% in stablecoins deposits for PAX and USDT, up […]

Peter Brandt Criticizes Tether For Being ‘Another Fiat Currency’

Popular crypto trader and chart analyst Peter Brandt called Tether “another fiat currency” and said USDT’s influence over the market was an “accident waiting to happen.”

Coinbase to Start Paying DAI Holders 2% Interest a Year

San Francisco-based cryptocurrency exchange Coinbase has started rewarding users who hold MakerDAO’s DAI stablecoin in their accounts with a 2% yield per year, with the rate being subject to change.  According to an announcement the cryptocurrency exchange published, the program applies to customers in the U.S., U.K., France, Australia, Spain, and the Netherlands. Coinbase was […]

Czech National Bank Board Member Criticizes CBDCs as Helicopter Money

A Czech National Bank board member has criticized the use of central bank digital currencies (CBDCs) for raising more questions than answers and being another version of “helicopter money.”

Tether’s Market Cap Surpasses $10 Billion, Cementing Its Position as Third-Largest Crypto

The market cap of Tether’s USDt stablecoin has surpassed the $10 billion mark, cementing the stablecoin’s position as the third-largest cryptocurrency by market capitalization.

Japan Serious About Issuing a Central Bank Digital Currency: Report

The government and Bank of Japan are seriously considering issuing a central bank digital currency to replace the current yen, including a potential partnership with the U.S. and European countries. 

Tether Has Backlisted a Total of 39 Ethereum Addresses Holding USDt

Ther, the issuer of the leading stablecoin USDt, has already blacklisted 39 Ethereum addresses holding the stablecoin since November 2017.

CENTRE Blacklists USDC Address in Response to Law Enforcement Request

The organization that issues the dollar-pegged USDC stablecoin on the Ethereum blockchain, the CENTRE Consortium, has backlisted an address with $100,000 worth of USDC tokens in it in response to a law enforcement request.

How the Fed’s Interest Rate Cap Could Drive More Users to Crypto

Earlier this month the Federal Open Market Committee (FOMC) in the U.S. revealed it was leaving interest rates unchanged, and implied it could keep them there into 2022 in an attempt to help the economy recover from the coronavirus-induced recession.

Bank of Canada Reveals Plans for Digital Currency in New Job Posting

The Bank of Canada has revealed its plans for a central bank digital currency (CBDC) in a job posting for the protocol’s Project Manager. 

Coinbase Cuts Interest users Earn on USDC Stablecoin by 88%

San Francisco-based cryptocurrency exchange Coinbase has cut the interest users can earn on the USDC stablecoin with the platform by 88%, from a 1.25% APY to 0.15%, according to an email the firm shared.

Most of Tether is Used on Centralized Exchanges for Arbitrage, Report

Blockchain analytics firm Flipside Crypto claims the majority of Tether is used for arbitrage on centralized exchanges. 

Wrapped Bitcoin Has Exploded Since Entering MakerDAO’s System

Wrapped Bitcoin is going through the roof, and the likely explanation is its new utility on the MakerDAO platform. WBTC can now be used to mint DAI, the decentralized stablecoin.

Justin Suns Stablecoin-Governance Coin JST Sells Out In Minutes

A new stablecoin system built on the TRON blockchain is gearing up to launch, and Justin Sun has completed both seed and public sales of the new JST CDP token. Spoiler: it’s a lot like MakerDAO.

Stablecoin Issuances Does Not Push Bitcoins Price Up, Study Finds

Research conducted by the University of California Berkeley’s Haas Blockchain Initiative has found that stablecoin issuances do not push up the price of bitcoin or of other cryptocurrencies. In a report, Richard Lyons, U.C. Berkley’s chief innovation and entrepreneurship officer, and Garnish Viswanath-Natraj, assistant professor of finance at the Warwick Business School, revealed they found […]

Crypto Rating Council Evaluates Three New Cryptocurrencies as Securities

The Crypto Rating Council, a collection of US-based crypto firms that promotes regulation in the industry, has released ratings for IOTA, Basic Attention Token and USDCoin. 

Users Post Haunting Coronavirus Photos in Response to John McAfee’s $500 in DAI Offer

Users submitted haunting photos of vacant cities in response to John McAfee’s $500 DAI reward for images that encapsulate the ongoing coronavirus pandemic. 

Bitcoin Trading Into USDt Nearly Tripled in March, CryptoCompare Data Shows

Bitcoin trading into USDT nearly tripled in March as the crypto markets underwent a large amount of volatility.

Coinbase Invests 1.1 Million USDC in DeFi Platforms Uniswap, PoolTogether

San Francisco-based cryptocurrency exchange Coinbase has invested 1.1 million USDC into decentralized finance protocols Uniswap and PoolTogether.

Tether’s Market Cap Surpasses $6 Billion; Sign of Investors Awaiting Market Recovery?

The market cap of Tether’s USDT stablecoin has surpassed the $6 billion mark as investors are holding onto stablecoins while waiting for the market to recover.

Gold-Backed Stablecoins in High Demand Amidst Economic Crisis

Demand for gold-backed stablecoins has reached an all-time high amidst the economic crisis generated by the coronavirus pandemic. 

Binance.US CEO: US Gov. Should Use Stablecoin for Coronavirus Payments

BInance.US CEO Catherine Coley says the US government should use a stablecoin to issue emergency coronavirus payments. 

Market Cap of CENTRE Consortiums USDC Stablecoin Surpasses $600 Million

The market capitalization of the USDC stablecoin, which was created by the open-source technology project founded by Coinbase and Circle, the CENTRE Consortium, has surpassed $600 million.

Maker Adds USDC Stablecoin as Collateral to Improve DAI Borrowing

The largest project in the decentralized finance (DeFi) space, Maker, has approved adding Circle’s USDC stablecoin as a new collateral asset in the Maker Protocol, amid an ongoing liquidity crisis.

Bitfinex CTO Explains How Exchange Profits From Tether USDt

Bitfinex chief technology officer Paolo Ardoino explained in a recent interview how the exchange profits from its relationship with Tether’s stablecoin USDT. 

Bank of England Considering Launching Digital Currency as Cash Usage Plummets

The Bank of England has published discussion papers debating the launch of a digital currency as cash usage in the country plummets compared to debit cards and payment apps. 

‘We Want Tether to be the Leading Stablecoin in the DeFi Space’ Says CTO Paolo Ardoino

Paolo Ardoino, CTO of Tether, has revealed during CryptoCompare’s Digital Asset Summit today that Tether is looking to lead the stablecoin presence in the decentralized finance space.

Marshall Islands Partnering with Algorand to Launch Worlds First National Digital Currency

The Marshall Islands has partnered with SFB Technologies and Algorand to launch the world’s first national digital currency.

Cryptocurrencies Could Dry up Bank Lending, Bank of England Deputy Governor Warns

Sir Jon Cunliffe, a Bank of England Deputy Governor, has warned that cryptocurrencies could dry up the supply of credit through the banking system, which could have “profound economic consequences.”

Akon Launching Token on Stellars Blockchain

Akon’s Akoin project has announced that the token will build its network on the Stellar blockchain.

Bitfinex Repaid $100 Million to Tether on Oustanding Loan

Cryptocurrency exchange Bitfinex claims to have repaid an additional $100 million of its $700 million outstanding loan to stablecoin maker Tether. 

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