Tag: stablecoin

2023 was a tough year for Binance – from the Paxos lawsuit, to Changpeng Zhao’s sentence, to the change in management.

Europe is bracing for potential upheaval as former President Donald Trump prepares to endorse cryptocurrency at an upcoming conference in Nashville.

Europol’s latest report reveals how criminals are increasingly using cryptocurrencies like stablecoins and Monero for illegal activities.

Swiss banks are stepping up with new real-time crypto payment solutions in response to the recent collapses of US crypto-friendly banks.

Swan Bitcoin, a financial services company specializing in the Bitcoin sector, has announced that it is suspending its mining operations and postponing plans for an initial public offering (IPO).

The crypto industry is closely watching the potential for a second Donald Trump presidency as he vows to end President Joe Biden’s so-called crusade against cryptocurrencies.

The European Union has announced new regulations for classifying digital assets and cryptocurrencies under the Markets in Crypto-Assets Regulation (MiCA).

The Bank for International Settlements (BIS) has introduced new regulations that could significantly impact stablecoins like Tether’s USDT and Circle’s USDC, both of which operate on public blockchains.

State Street Corporation, a prominent financial services firm, is actively considering the introduction of a stablecoin and a deposit token as part of its strategy to streamline payment settlements using blockchain technology.

Stripe has expanded its cryptocurrency integration in Europe, enabling customers across the EU to purchase Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies using their Stripe-issued credit or debit cards.

Russia’s Ministry of Finance is proposing a new regulatory approach that could allow established financial exchanges to manage digital asset trading for a limited group of investors, as reported by Interfax on July 10.

Tether, known for issuing the largest dollar-backed stablecoin, has recently created $1 billion USDT on the Tron blockchain.

Russia is considering legalising stablecoins for international transactions to streamline cross-border payments for its companies.

Tether took froze 29.62 million USDT tokens associated with criminal activities involving Cambodia’s Huione Group.

Circle CEO Jeremy Allaire has emphasized the potential impact of AI and crypto technologies on driving US Gross Domestic Product (GDP) growth.

Solana (SOL) has faced challenges in maintaining its value, struggling to surpass $145 since July 3 amid a broader cryptocurrency market downturn.

Russia is reportedly considering allowing Bitcoin and cryptocurrency trading for select investors as part of efforts to boost international crypto settlements amid ongoing geopolitical challenges.

Justin Sun, a prominent figure in the Bitcoin (BTC) and altcoin community, has recently come under scrutiny due to significant trades uncovered by CryptoQuant Founder Ki Young Ju.

Amidst ongoing demands for regulatory clarity in the crypto sector, a pivotal issue has emerged regarding the classification of stablecoins – digital assets usually tied to and supported by the U.S. dollar – as securities.

Blockchain game developer and investor Animoca Brands released its 2023 balance sheet, revealing $203 million in cryptocurrency holdings.

During a hearing in front of the House Committee on Financial Services, Federal Reserve Chair Jerome Powell expressed strong support for passing stablecoin legislation before the end of 2024.

Circle’s USDC stablecoin is currently experiencing the highest demand among regulated stablecoins, according to data from Kaiko.

Argentina, known for its burgeoning crypto market, has embraced Bitcoin adoption with the launch of the ByBit card.

Online casinos increasingly embrace cryptocurrencies as a payment method. This integration offers crypto enthusiasts a blend of security, anonymity, and efficiency that traditional banking methods often lack.

Judge Amy Berman Jackson rejected the Securities and Exchange Commission’s (SEC) claim that secondary sales of BNB coins on Binance qualify as securities under the Howey test.

The Danish Financial Supervisory Authority (DFSA) is taking steps to eliminate unhosted Bitcoin (BTC) wallets as part of its updated guidelines on decentralized funding (DeFi).

Cryptocurrency exchange Bitstamp is preparing for the full implementation of the European regulation on cryptocurrency markets (MiCA) by removing Tether’s stablecoin, Euro Tether (EURt), which is pegged to the euro, from its platform.

The European Central Bank (ECB) has released its first progress report on the development of a Central Bank Digital Currency (CBDC), emphasizing robust privacy protections and operational innovations to modernize financial transactions.