Stablecoin News
Top Articles from Prashant
proof-of-concept
News
proof-of-concept
News

Bank of England And HM Treasury Announce Taskforce to Launch “UK CBDC”

Prashant Jha April 19, 2021

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

Bitcoin News
Bitcoin News

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Prashant Jha April 2, 2021

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

Tether
News
Tether
News

Tether Offers Transparency Report to Prove Its Reserves Are Fully Backed

Prashant Jha March 30, 2021

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

bitcoin market manipulation lawsuit
News
bitcoin market manipulation lawsuit
News

Bitfinex and Tether Settles Dispute With NYAG With $18.5 Million Penalty; Gets Barred From New York

Prashant Jha February 24, 2021

iFinex owned Bitfinex and Tether finally settled with New York Attorney General Office (NYAG) today after nearly a 2-year long court battle. NYAG has accused Bitfinex of misappropriating $850 million worth of funds and trying to cover it via borrowing from Tether. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and

iFinex owned Bitfinex and Tether finally settled with New York Attorney General Office (NYAG) today after nearly a 2-year long court battle. NYAG has accused Bitfinex of misappropriating $850 million worth of funds and trying to cover it via borrowing from Tether. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. After 2.5 years and

Stablecoin News
Stablecoin News

Gaming Stablecoin ZUSD Listed on Secure Digital Markets

Casper Brown February 18, 2021

GDA Group’s institutional trading desk, Secure Digital Markets (SDM), announced the addition of trading pairs and currency support for ZUSD. The new asset is an esports-focused stablecoin developed by Prime Trust and Zytara. Secure Digital Markets provides institutions, miners, and individuals with custom pathways to digital asset liquidity and off-exchange transactions. The addition of ZUSD

GDA Group’s institutional trading desk, Secure Digital Markets (SDM), announced the addition of trading pairs and currency support for ZUSD. The new asset is an esports-focused stablecoin developed by Prime Trust and Zytara. Secure Digital Markets provides institutions, miners, and individuals with custom pathways to digital asset liquidity and off-exchange transactions. The addition of ZUSD

Binance p2p
Altcoin News
Binance p2p
Altcoin News

Just-In: Binance Launches P2P Market For Nigerian Crypto Traders Post Banking Ban

Prashant Jha February 10, 2021

Binance crypto exchange has launched a P2P market for Nigerian crypto traders in the wake of the Central Bank of Nigeria announcing a banking ban for crypto exchanges and traders. The crypto platform which was already offering direct fiat deposits and trading pairs had to halt the service in the wake of the banking ban,

Binance crypto exchange has launched a P2P market for Nigerian crypto traders in the wake of the Central Bank of Nigeria announcing a banking ban for crypto exchanges and traders. The crypto platform which was already offering direct fiat deposits and trading pairs had to halt the service in the wake of the banking ban,

Bitcoin News
Bitcoin News

Crypto Exchanges See Massive Stablecoin Inflow Hours Before MicroStrategy Conference

Prashant Jha February 3, 2021

Crypto exchanges saw a massive inflow of over $550 million in stablecoins this morning as the price of bitcoin looks bullish having broken above $36,000 yesterday. The massive flow of stablecoins suggests that the market is gearing up to make more purchases thus a bullish sign. $552M stablecoins(mostly $USDT) just flowed into all exchanges, renewed

Crypto exchanges saw a massive inflow of over $550 million in stablecoins this morning as the price of bitcoin looks bullish having broken above $36,000 yesterday. The massive flow of stablecoins suggests that the market is gearing up to make more purchases thus a bullish sign. $552M stablecoins(mostly $USDT) just flowed into all exchanges, renewed

Tether
Altcoin
Tether
Altcoin

Breaking: Bitfinex and Tether Seek 30-day Extension to Produce Critical Financial Document Before NYAG

Prashant Jha January 20, 2021

iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine's day https://t.co/NgozuAMDVY —

iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine's day https://t.co/NgozuAMDVY —

Tether
Events
Tether
Events

Deltecbank Reveals Huge Position in Bitcoin, Why Tether Might be in Trouble Again?

Prashant Jha January 15, 2021

Deltecbank, a Tether banking partner recently revealed that they own a position in Bitcoin which under normal circumstances would be bullish news, however, given NYAG lawsuit against Tether and Bitfinex for manipulation of funds and Tether being a stablecoin issuer makes it quite a tricky situation and not a good one for Tether. Deltecbank’s chief

Deltecbank, a Tether banking partner recently revealed that they own a position in Bitcoin which under normal circumstances would be bullish news, however, given NYAG lawsuit against Tether and Bitfinex for manipulation of funds and Tether being a stablecoin issuer makes it quite a tricky situation and not a good one for Tether. Deltecbank’s chief

IMF digital Currencies
Blockchain News
IMF digital Currencies
Blockchain News

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

Sunil Sharma January 15, 2021

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF

News
News

OCC Greenlights the Use of Stablecoin by Federal Banks

Prashant Jha January 5, 2021

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published Interpretive Letter 1174, which marks the beginning of a new era for the American Banking systems. The letter declares that the banks may incorporate the use of emerging fintech technology such as independent node

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published Interpretive Letter 1174, which marks the beginning of a new era for the American Banking systems. The letter declares that the banks may incorporate the use of emerging fintech technology such as independent node

China Blockchain Fund
News
China Blockchain Fund
News

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Prashant Jha December 24, 2020

China Construction Bank, one of the largest banks in China has started a new use case for the country’s much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports

China Construction Bank, one of the largest banks in China has started a new use case for the country’s much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports

china
News
china
News

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Prashant Jha December 14, 2020

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

Sweden Set To Release Its Own Cryptocurrency, e-Krona
Altcoin
Sweden Set To Release Its Own Cryptocurrency, e-Krona
Altcoin

Breaking: Sweden Starts trials For National Digital Currency, Joins China And Others In CBDC Race

Prashant Jha December 12, 2020

Sweden, one among the most cashless society is moving closer to launching its own sovereign national digital currency. The Swedish government is starting feasibility trials in the form of a review which was launched on Friday as reported Bloomberg. The trials will be lead by Anna Kinberg Batra, a former chairwoman of the Riksbank’s finance

Sweden, one among the most cashless society is moving closer to launching its own sovereign national digital currency. The Swedish government is starting feasibility trials in the form of a review which was launched on Friday as reported Bloomberg. The trials will be lead by Anna Kinberg Batra, a former chairwoman of the Riksbank’s finance

USDC coin
News
USDC coin
News

Stablecoin Demand Surges as USDC Supply Surpasses $3Bn, Tether Closes on $20Bn

Martin Young December 9, 2020

The demand for digital dollars is soaring and the second-largest stablecoin in the crypto ecosystem has just reached a new circulation milestone. The Centre Consortium’s USD Coin has just surpassed 3 billion in circulation, growing by nearly 500% in 2020 according to a blog post today. The founding members of the consortium are Circle and

The demand for digital dollars is soaring and the second-largest stablecoin in the crypto ecosystem has just reached a new circulation milestone. The Centre Consortium’s USD Coin has just surpassed 3 billion in circulation, growing by nearly 500% in 2020 according to a blog post today. The founding members of the consortium are Circle and

G-7 Crypto Regulations
Altcoin
G-7 Crypto Regulations
Altcoin

Breaking: G7 Nations Raise Concerns Over Rising Crypto Adoption

Prashant Jha December 8, 2020

The financial heads of G7 countries met on Monday during the 12th meeting of the G7 finance officials hosted by U.S. Treasury Secretary Steven Mnuchin to talk about cryptocurrencies and their impact on the financial ecosystem. The virtual meeting was attended by the Finance Ministers and Central Bankers from these countries who strongly advocated for

The financial heads of G7 countries met on Monday during the 12th meeting of the G7 finance officials hosted by U.S. Treasury Secretary Steven Mnuchin to talk about cryptocurrencies and their impact on the financial ecosystem. The virtual meeting was attended by the Finance Ministers and Central Bankers from these countries who strongly advocated for

SberCoin by Sber Bank
Altcoin
SberCoin by Sber Bank
Altcoin

Largest Russian Bank “Sber” to Pilot Digital Currency SberCoin by 2021

Prashant Jha December 3, 2020

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has confirmed that they have chosen JP Morgan as their technology partner. Sber boasts of over 100 million customers and recently even dropped bank from its name

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has confirmed that they have chosen JP Morgan as their technology partner. Sber boasts of over 100 million customers and recently even dropped bank from its name

Tether
News
Tether
News

Tether Dominates Exchange Trading With 70% of The Volume

Martin Young October 13, 2020

Stablecoin Tether’s dominance for crypto trading pairs has surged over the past three years so much that it now accounts for almost three-quarters of all exchange pairs according to recent research. Back in 2017, crypto trading pairs were primarily made in Bitcoin which is what partially boosted it on its way to an all-time high

Stablecoin Tether’s dominance for crypto trading pairs has surged over the past three years so much that it now accounts for almost three-quarters of all exchange pairs according to recent research. Back in 2017, crypto trading pairs were primarily made in Bitcoin which is what partially boosted it on its way to an all-time high

Regulation News
Regulation News

BoE Governor Seeks G20 Mandate To Set Global Standards For Stablecoins and CBDCs

Bhushan Akolkar September 5, 2020

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

bitcoin market manipulation lawsuit
Bitcoin News
bitcoin market manipulation lawsuit
Bitcoin News

Bitfinex Files Motion to Dismiss Allegations for Bitcoin Manipulation, Cites Lack of Proof

Bhushan Akolkar September 5, 2020

iFinex – the parent company of crypto exchange Bitfinex – along with Tether has filed a motion dismissing allegations of Bitcoin market manipulation. Crypto exchange Bitfinex faces accusations of Bitcoin manipulation using the USD-backed Tether (USDT) stablecoin. In the lawsuit, the plaintiff Bitfinex pumped billions-of-dollars worth USDT in the crypto market, without actually backing with

iFinex – the parent company of crypto exchange Bitfinex – along with Tether has filed a motion dismissing allegations of Bitcoin market manipulation. Crypto exchange Bitfinex faces accusations of Bitcoin manipulation using the USD-backed Tether (USDT) stablecoin. In the lawsuit, the plaintiff Bitfinex pumped billions-of-dollars worth USDT in the crypto market, without actually backing with