19 / 22 Relevant items tagged with #Stablecoins

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What the Bank of England’s Stablecoins Regime Could Look Like

[Mar 29, 2023 3:21 AM] The Bank of England's upcoming crypto regime would try to ensure that funds are returned to customers when certain crypto firms enter a crisis.

Macro Is Back to Moving the Digital Asset Markets

[Mar 27, 2023 3:01 PM]

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

[Mar 27, 2023 5:19 AM] Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said.

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…

Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

[Mar 24, 2023 8:40 AM] A quant has explained using on-chain data how the Bitcoin Exchange Stablecoins Ratio (ESR) may act as a leading indicator for the price. Bitcoin ESR Has Shown Divergence From The Price Recently As explained by an analyst in a CryptoQuant post, the…

U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges: JPMorgan

[Mar 24, 2023 3:27 AM] Stablecoin trading volumes have increased following the run of bank collapses in the U.S., the report said.

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

[Mar 23, 2023 10:58 AM] The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.

Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

[Mar 22, 2023 5:02 PM] Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

[Mar 21, 2023 10:30 PM] On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly…

Crypto Exchange BitMEX's Acting CEO: We Have Gone Through the ‘Valley of Death’

[Mar 21, 2023 2:19 PM] The trading platform is built for the current market situation and is now reaping those benefits, Stephan Lutz, says.

Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry

[Mar 21, 2023 5:30 AM] Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways…

Circle Seeks to Register in France, Ramping Up European Play

[Mar 21, 2023 4:30 AM] The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.

OKX to cease operations in Canada by June 22 2023

[Mar 20, 2023 8:00 AM] "Withdrawals from OKX will continue to be available," wrote the OKX team in an email to users. ͏ ͏ ͏ ͏

Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say

[Mar 20, 2023 2:50 AM] The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.

RGB And Taro, Both Putting Tokens On Bitcoin, Take Two Different Approaches To Development

[Mar 18, 2023 6:00 AM] RGB and Taro, two protocols capable of putting tokens like stablecoins on Bitcoin, have taken different approaches to solving similar problems. This is an opinion editorial by Kishin Kato, the founder of Trustless Services K.K., a Japanese…

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…

Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport

[Mar 17, 2023 4:02 AM] Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.

Moscow City Crypto Exchanges Ready to Send Cash to London, Report

[Mar 17, 2023 1:30 AM] An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the…

Federal Reserve confirms July launch for FedNow instant payment service

[Mar 15, 2023 9:08 PM] The Fed Now service aims to reduce the gap in payment time between US financial institutions.

Debtors saved over $100M using de-pegged stablecoins to repay loans

[Mar 13, 2023 11:53 PM] Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.

Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

[Mar 13, 2023 1:30 PM] On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several…

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

[Mar 13, 2023 11:30 AM] On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant…

How and why do stablecoins depeg?

[Mar 12, 2023 6:07 AM] Discover the causes and mechanisms behind stablecoin depegging.

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

[Mar 11, 2023 12:30 PM] On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC…

​​Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

[Mar 8, 2023 9:37 PM] In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.

Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

[Mar 8, 2023 3:30 PM] On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the…

Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

[Mar 6, 2023 8:30 AM] It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten…

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…

Bitcoin leverage ramps up as BTC's margin long-to-shorts ratio hits a record $2.5B high

[Mar 2, 2023 3:49 PM] BTC traders at Bitfinex and OKX are unwilling to use margin markets for bearish bets, creating an alarming imbalance that investors should pay close attention to.

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…