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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

Dai
Altcoin News
Dai
Altcoin News

DAI Stacked In DeFi Hits All-Time High; Coinbase Rolls Out Dai Rewards

Sahana Kiran July 30, 2020

San Francisco-based cryptocurrency exchange, Coinbase bolsters the DAI network via the recent addition of the Dai Rewards. While the entire DeFi space has been witnessing eventful activities, the total DAI locked in DeFi hit an all-time high. For those who feared the volatile nature of cryptocurrencies, stablecoins entered the market as a blessing. Decentralized Finance

San Francisco-based cryptocurrency exchange, Coinbase bolsters the DAI network via the recent addition of the Dai Rewards. While the entire DeFi space has been witnessing eventful activities, the total DAI locked in DeFi hit an all-time high. For those who feared the volatile nature of cryptocurrencies, stablecoins entered the market as a blessing. Decentralized Finance

binance
Altcoin
binance
Altcoin

Binance Lists Maker’s MKR And DAI

Sahana Kiran July 23, 2020

Malta-based cryptocurrency exchange, Binance announced the listing of Maker’s MKR as well as DAI. DeFi prolongs its uphill journey after stacking 3.37 billion USD.  DeFi Tokens Are Stealing The Show Decentralized Finance [DeFi] has been consistent in making it to the headlines. Crypto industry’s most decentralized wing, DeFi was recently praised for stacking over 3

Malta-based cryptocurrency exchange, Binance announced the listing of Maker’s MKR as well as DAI. DeFi prolongs its uphill journey after stacking 3.37 billion USD.  DeFi Tokens Are Stealing The Show Decentralized Finance [DeFi] has been consistent in making it to the headlines. Crypto industry’s most decentralized wing, DeFi was recently praised for stacking over 3

Tether
Altcoin
Tether
Altcoin

Is Tether’s Market Cap On Its Way To Hit $100 Billion?

Sahana Kiran July 22, 2020

The largest stabelcoin, Tether [USDT] has once again made it to the headlines after hitting a market cap of $10 billion. The crypto community displays bullish sentiments.  The $10 Billion Milestone Stablecoins came as a savior to those who wanted to enter the crypto-verse but feared the volatile nature of cryptocurrencies. Despite being fairly new

The largest stabelcoin, Tether [USDT] has once again made it to the headlines after hitting a market cap of $10 billion. The crypto community displays bullish sentiments.  The $10 Billion Milestone Stablecoins came as a savior to those who wanted to enter the crypto-verse but feared the volatile nature of cryptocurrencies. Despite being fairly new

WeChat Closes its Crypto Payment Method, Set to Terminate Merchant Account Dealing With Crypto
Stablecoin News
WeChat Closes its Crypto Payment Method, Set to Terminate Merchant Account Dealing With Crypto
Stablecoin News

Stablecoins Vs. CBDC: Will it Effect Crypto Markets a Year from Now?

Nivesh Rustgi July 18, 2020

USD backed Stablecoins have overtaken the transaction volume of Bitcoin and Ethereum. Moreover, analysts are also witnessing a wind of change towards Central Bank Digital Currencies (CBDC). As FIAT money begins to compete with crypto directly, there is massive uncertainty on its effect on Bitcoin.  The stablecoins are leaving begin crypto in trading volumes and

USD backed Stablecoins have overtaken the transaction volume of Bitcoin and Ethereum. Moreover, analysts are also witnessing a wind of change towards Central Bank Digital Currencies (CBDC). As FIAT money begins to compete with crypto directly, there is massive uncertainty on its effect on Bitcoin.  The stablecoins are leaving begin crypto in trading volumes and

us bank charter stablecoin disruptor
Stablecoin News
us bank charter stablecoin disruptor
Stablecoin News

Why Stablecoins Are Not True Cryptocurrencies: Analyst

Nivesh Rustgi July 10, 2020

The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether.  Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.

The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether.  Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.

Bitfinex
Altcoin
Bitfinex
Altcoin

Bitfinex’ NYAG Jurisdiction Appeal Denied; Crypto Exchange To Face NY Suit

Sahana Kiran July 10, 2020

Prominent cryptocurrency exchange, Bitfinex, and stablecoin Tether have been denied a change of jurisdiction and must face suit in New York. ‘New York Traders Used Tether’, Argues Court As the popularity of the crypto-verse surges, the number platforms part of it also soars. Controversies don’t fall far behind. While some are accused of carrying out

Prominent cryptocurrency exchange, Bitfinex, and stablecoin Tether have been denied a change of jurisdiction and must face suit in New York. ‘New York Traders Used Tether’, Argues Court As the popularity of the crypto-verse surges, the number platforms part of it also soars. Controversies don’t fall far behind. While some are accused of carrying out

Altcoin
Altcoin

Maker To Award Winner(s) Of Reddit/Ethereum Scaling Competition

Sahana Kiran July 2, 2020

In June, the Ethereum Foundation and Reddit revealed that they were in search of a scaling solution through a competition. Unlike other competitions, the winner of this would receive no prize. However, the Maker Foundation stepped in to award the winner.  Reddit And Ethereum Foundation Receives Backlash Despite being one of the largest crypto networks,

In June, the Ethereum Foundation and Reddit revealed that they were in search of a scaling solution through a competition. Unlike other competitions, the winner of this would receive no prize. However, the Maker Foundation stepped in to award the winner.  Reddit And Ethereum Foundation Receives Backlash Despite being one of the largest crypto networks,

tether
Altcoin
tether
Altcoin

Can USDT Dethrone The US Dollar? The New Era Of Stablecoins

Sahana Kiran July 1, 2020

As the world’s largest stablecoin, Tether [USDT] is so close to hitting a market cap of $10 billion, the founder of NEO suggested the possibility of stablecoin dethroning the United States Dollar.  US Could Scrutinize USDT By 2022 Cryptocurrencies have come a long way from being labeled as an instrument of illegal activities to widely

As the world’s largest stablecoin, Tether [USDT] is so close to hitting a market cap of $10 billion, the founder of NEO suggested the possibility of stablecoin dethroning the United States Dollar.  US Could Scrutinize USDT By 2022 Cryptocurrencies have come a long way from being labeled as an instrument of illegal activities to widely

South Korea
Regulation News
South Korea
Regulation News

South Korea’s Digital Won In Works; Bank Of Korea Sets Up A CBDC Advisory Group

Sahana Kiran June 15, 2020

South Koran central bank, Bank of Korea sets up a committee of six to probe the legalities pertaining to the launch of a potential CBDC.  South Korean CBDC In The Works? Central Bank Digital Currency popularly known as CBDC has evidently become a new field of interest for many countries. While authorities have been dissing

South Koran central bank, Bank of Korea sets up a committee of six to probe the legalities pertaining to the launch of a potential CBDC.  South Korean CBDC In The Works? Central Bank Digital Currency popularly known as CBDC has evidently become a new field of interest for many countries. While authorities have been dissing

bitcoin-japan-stablecoin
Stablecoin News
bitcoin-japan-stablecoin
Stablecoin News

First Japanese Yen Backed Stablecoin Launched on the Liquid Network

Nivesh Rustgi June 10, 2020

Crypto Garage, a subsidiary of the Japanese IT giant Digital Garage launches the first-ever Yen backed stablecoin. The stablecoin has been launched on, SETTLENET, a crypto assets settlement platform to provide access to the Japanese OTC crypto market.  SETTLENET is a non-custodial crypto-asset OTC settlement application built on top of the Liquid Network. The Liquid Network

Crypto Garage, a subsidiary of the Japanese IT giant Digital Garage launches the first-ever Yen backed stablecoin. The stablecoin has been launched on, SETTLENET, a crypto assets settlement platform to provide access to the Japanese OTC crypto market.  SETTLENET is a non-custodial crypto-asset OTC settlement application built on top of the Liquid Network. The Liquid Network

craig sellars tether founder
Stablecoin News
craig sellars tether founder
Stablecoin News

Tether Founder Shares How Goldman Sachs Shrugged off USDT Back in 2015

Nivesh Rustgi May 28, 2020

Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.

Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.

facebook libra govt. backed
Stablecoin News
facebook libra govt. backed
Stablecoin News

Facebook’s Crypto Project, Libra, Adds Singapore Govt. Backed Firm, Temasek

Nivesh Rustgi May 15, 2020

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm

Bitcoin gold
Stablecoin News
Bitcoin gold
Stablecoin News

Analysts on How Facebook and the US Congress are Promoting Cryptocurrency

Nivesh Rustgi April 17, 2020

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

Ethereum
Stablecoin News
Ethereum
Stablecoin News

Stablecoins Account for 80% of Ethereum Value Transfers – Is Crypto Led by USD?

Nivesh Rustgi April 16, 2020

Stablecoins are dominating the transfer of value on Ethereum, which is now reaching parity with Bitcoin. While USDT (Tether) leads the stablecoins space, the stablecoins issued on the DeFi ecosystems could blowout due to legal crackdown. Ever since panic in global began due to the pandemic spread of coronavirus, the global demand for the US

Stablecoins are dominating the transfer of value on Ethereum, which is now reaching parity with Bitcoin. While USDT (Tether) leads the stablecoins space, the stablecoins issued on the DeFi ecosystems could blowout due to legal crackdown. Ever since panic in global began due to the pandemic spread of coronavirus, the global demand for the US

Tether
Stablecoin News
Tether
Stablecoin News

Tether Adds $60 Million to its Inventory, USD Stablecoin Supply Rises over $2.5 bln

Nivesh Rustgi April 3, 2020

The stablecoin supply of cryptocurrencies has been in a strong uptrend in March 2020. Last night, $60 million was added to the inventory of Tether, as the firm prepares for issuance of more USDT. ? ? ? ? ? ? 60,000,000 #USDT (59,854,340 USD) minted at Tether Treasury Tx: https://t.co/TPOhNmxOiq — Whale Alert (@whale_alert) April 2,

The stablecoin supply of cryptocurrencies has been in a strong uptrend in March 2020. Last night, $60 million was added to the inventory of Tether, as the firm prepares for issuance of more USDT. ? ? ? ? ? ? 60,000,000 #USDT (59,854,340 USD) minted at Tether Treasury Tx: https://t.co/TPOhNmxOiq — Whale Alert (@whale_alert) April 2,

us bank charter stablecoin disruptor
Stablecoin News
us bank charter stablecoin disruptor
Stablecoin News

USDT (Tether) Volume Rises by 30% in March, Sell-off or Precursor to Crypto Bulls?

Nivesh Rustgi March 27, 2020

The amount of stablecoins witnesses nearly a 30% rise since the beginning of the month. USDT (Tether) has alone increased from $4.8 billion to over $6.19 billion since March 1, 2020. We notice that the metrics on CoinMarketCap and TradingView might be wrongly reporting the data, missing one of the networks on which USDT is issued. Bitcoin

The amount of stablecoins witnesses nearly a 30% rise since the beginning of the month. USDT (Tether) has alone increased from $4.8 billion to over $6.19 billion since March 1, 2020. We notice that the metrics on CoinMarketCap and TradingView might be wrongly reporting the data, missing one of the networks on which USDT is issued. Bitcoin

pornhub adds tether payments
Stablecoin News
pornhub adds tether payments
Stablecoin News

Pornhub Adds USDT (Tether) Crypto Payments, after PayPal Pull-Out

Nivesh Rustgi January 23, 2020

Popular pornographic website, Pornhub, adds two new payments options, one of them is a crypto stablecoin with the sixth largest market capitalization in crypto-markets, USDT. The models and actors on the website were recently cut-off from their PayPal payroll as it withdrew support from the site in November last year for regulatory compliance. It seems

Popular pornographic website, Pornhub, adds two new payments options, one of them is a crypto stablecoin with the sixth largest market capitalization in crypto-markets, USDT. The models and actors on the website were recently cut-off from their PayPal payroll as it withdrew support from the site in November last year for regulatory compliance. It seems

ecb digital currency
Stablecoin News
ecb digital currency
Stablecoin News

ECB’s Plan for Digital Euro Skips even Blockchain – Analyst Calls it ‘Dystopian’

Nivesh Rustgi December 19, 2019

The European Central Bank released a report on Tuesday highlighting the features of its Central Bank Digital Currency (CBDC). The project is currently being handled by EUROchain Research Network along with R3 and Accenture. EUROchain has 18 Central banks from countries in Europe that participate in the development. Josip Kenjeric, reported in September this year, Against

The European Central Bank released a report on Tuesday highlighting the features of its Central Bank Digital Currency (CBDC). The project is currently being handled by EUROchain Research Network along with R3 and Accenture. EUROchain has 18 Central banks from countries in Europe that participate in the development. Josip Kenjeric, reported in September this year, Against