Cryptocoins News / Finance Magnates - 2 years ago
The world of
cryptocurrencies has seen a substantial increase in popularity and adoption in
recent years. As this digital ecosystem grows, one sort of cryptocurrency has
emerged as a significant participant in providing stability in the
unpredictable...
Bitcoin News / Bitcoinist - 2 years ago
One of Japan’s most prominent banks, Mitsubishi UFJ Financial Group (MUFG), has announced its intention to issue global stablecoins linked to various foreign currencies, notably the United States dollar. To accomplish this, the financial powerh...
Cryptocoins News / Finance Magnates - 2 years ago
Top Japanese banking group Mitsubishi UFJ (MUFG) is
reportedly holding discussions with stablecoin issuers to have them issue such
tokens on the group's blockchain platform. MUFG is also engaging entertainment
companies and non-financial businesses o...
Bitcoin News / Bitcoinist - 2 years ago
As crypto prices, spearheaded by Bitcoin and Ethereum, recover and rise to multi-week highs, breaking above critical liquidation levels, on-chain data shows that more stablecoins like USDT and USDC flow to centralized cryptocurrency exchanges.
As of...
Bitcoin News / Bitcoinist - 2 years ago
U.S. Federal Reserve Chair Jerome Powell’s bullish stance on stablecoins is notably at odds with the cautionary perspective of Securities and Exchange Commission (SEC) Chair Gary Gensler.
The juxtaposition of these positions has sparked furthe...
Cryptocoins News / CoinJournal - 2 years ago
Powell testified before the House Financial Services Committee today.
He discussed a range of topics around digital assets on Wednesday.
Bitcoin surpassed the $30,000 level today for the first in two months.
Cryptocurrencies seem to have some &ldqu...
More / Etherum Reddit - 2 years ago
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Cryptocoins News / The Cointelegraph β - 2 years ago
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committeeβs semi-annual Fed policy hearing. The United States Fe...
Bitcoin News / Bitcoinist - 2 years ago
In an effort to improve liquidity across various blockchains, Tether, a prominent stablecoin provider, has decided to issue its stablecoin, USDT, on the layer 1 blockchain of Kava.
The objective of this strategic move is to grant the Kava community a...
Cryptocoins News / EthereumWorldNews - 2 years ago
The Monetary Authority of Singapore has published a whitepaper in collaboration with other central banks and financial institutions.& The central bank proposed standards for the use of digital money, including Central Bank Digital Currencies (CB...
by COINS NEWS - 2 years ago
Fed Chair Jerome Powell just gave a speech where he talked about more rate hikes and inflation. Powell also spoke about the broader crypto industry in his speech. He said that the Fed is "closely monitoring" the development of cryptocurren...
Cryptocoins News / The Cointelegraph β - 2 years ago
The Reserve team said the investment could allow for new features such as collateralized loans and wallet products. Stablecoin protocol Reserve is investing $20 millio...
Bitcoin News / Bitcoin.com - 2 years ago
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens...
Cryptocoins News / The Cointelegraph β - 2 years ago
After a dip of over $1 billion in the past 30 days, BUSD now sits fourth in market capitalization among stablecoins. The United States dollar-pegged Binance USD (BUSD...
Bitcoin News / Bitcoin.com - 2 years ago
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4...
Cryptocoins News / The Cointelegraph β - 2 years ago
The DeFi protocol also offered the $100,000 bounty to anyone who could help bring an arrest or recover the funds. After recently suffering a recent exploit on its plat...
Bitcoin News / Bitcoin.com - 2 years ago
According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19% comp...
Cryptocoins News / CoinJournal - 2 years ago
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves.
The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve to $110M.
MakerDAO’s reserve currently holds...