26 / 34 Relevant items tagged with #Stablecoin

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Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…

Binance calls it quits in Canada, blames new rules

[May 12, 2023 2:54 PM] Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.

MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

[May 12, 2023 12:00 PM] DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

[May 11, 2023 12:05 AM] A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

Tether has $1.5B in Bitcoin reserves: BDO Italia

[May 10, 2023 2:30 PM] The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

[May 10, 2023 2:00 AM] The U.K. opened its plans for regulating the crypto sector for public comment back in February.

DEUS Finance loses $6M following stablecoin hack

[May 6, 2023 10:38 AM] The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.

$22M of Curve Finance algo stablecoin minted since mainnet launch

[May 3, 2023 9:58 PM] Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network.

DeFi Protocol Curve Finance Deploys Native Stablecoin on Ethereum Mainnet

[May 3, 2023 2:59 PM] The deployment marks a major milestone for the public release of Curve’s highly anticipated native stablecoin.

Digitalization won’t displace commercial bank money any time soon: Moody’s

[May 3, 2023 2:21 PM] Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.

Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?

[May 3, 2023 8:20 AM] Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?

Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

[May 1, 2023 3:33 PM] HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed.

Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile

[Apr 27, 2023 10:00 PM] Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto…

Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

[Apr 27, 2023 8:00 AM] In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do…

Bahamas securities watchdog presents comprehensive new draft digital assets act

[Apr 26, 2023 1:15 PM] After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.

South Korea’s sweeping crypto bill passes first regulatory hurdles

[Apr 26, 2023 12:20 PM] Legislators in South Korea passed a first-phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations.

NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access

[Apr 25, 2023 6:10 PM] Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.

Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

[Apr 25, 2023 3:03 AM] Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.

Draft bill suggests separating legislation on payment stablecoins and digital asset markets

[Apr 24, 2023 3:47 PM] The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.

Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

[Apr 21, 2023 2:00 PM] According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO…

Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert

[Apr 21, 2023 1:59 PM] Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them.

Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

[Apr 20, 2023 2:33 PM] The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.

Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

[Apr 20, 2023 3:06 AM] EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.

Societe Generale launches euro-pegged stablecoin on Ethereum

[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.

Lack of stablecoin regulation could push issuers out of US — Austin Campbell

[Apr 19, 2023 2:15 PM] Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, with one witness warning that this lack of regulatory clarity could drive certain projects abroad.

Speakers prepare to tell US House Financial Services Committee about stablecoins

[Apr 18, 2023 3:29 PM] Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance.

Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel

[Apr 18, 2023 2:13 AM] The bank made it clear that no decision has yet been made on issuing a central bank digital currency.

Bank of England preparing for greater role of tokenization in finance, official says

[Apr 17, 2023 3:30 PM] BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.

All eyes are on stablecoins: Law Decoded, April 10–17

[Apr 17, 2023 1:00 PM] A week before a hearing in Congress, the United States gets stablecoin regulatory framework.

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction

[Apr 17, 2023 12:00 PM] Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins…