Stablecoin News
Top Articles from Prashant

So investors hesitate to invest in crypto because of the fluctuations. If you are one of them, Stablecoin is the answer. Stablecoins are a cryptocurrency without volatility. They share the same power as crypto but their growth is not that fast. They are just like the traditional currencies like USD etc. Read the latest update of the coin on CoinGape. The most trusted platform for blockchain and cryptocurrency news.
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Altcoin News
Altcoin News

Just-In: Israeli Central Bank to Use Ethereum Tech For its CBDC Pilot

Bank of Israel, the Israeli Central Bank today announced they would use Ethereum blockchain technology for its CBDC pilot program, as reported by Bloomberg. The first trial for digital Shekel will be an internal pilot run as per the country’s financial daily Globes. The deputy governor of the Israeli central bank Andrew Abir said that

Bank of Israel, the Israeli Central Bank today announced they would use Ethereum blockchain technology for its CBDC pilot program, as reported by Bloomberg. The first trial for digital Shekel will be an internal pilot run as per the country’s financial daily Globes. The deputy governor of the Israeli central bank Andrew Abir said that

News
News

USDT Exchange Inflows Reach 5-Month Low, Is Market Gearing Up for Another Dip?

The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going

The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going

News
News

Breaking: France and Switzerland Launch Cross-Border CBDC Trials

The central banks of France and Switzerland have joined hands to launch the cross-border commercial trials for CBDC. Both central banks have partnered with several commercial banks including UBS Group AG, Credit Suisse Group AG, Accenture Plc, and Natixis SA to test the central bank digital currencies. The collaborative effort was launched under the innovation

The central banks of France and Switzerland have joined hands to launch the cross-border commercial trials for CBDC. Both central banks have partnered with several commercial banks including UBS Group AG, Credit Suisse Group AG, Accenture Plc, and Natixis SA to test the central bank digital currencies. The collaborative effort was launched under the innovation

News
News

Shanghai to Airdrop Millions in Digital Yuan

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

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

Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks?

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

BTC-USDT-Issuance
Bitcoin News
BTC-USDT-Issuance
Bitcoin News

Is Tether FUD Next, after China Bitcoin Ban and Bitcoin Mining Energy FUD?

The Bitcoin bull market this season is currently undergoing through ‘FUD-Phase’ where a series of FUDs have hit the market one after the other, many of which has already been debunked. After Bitcoin mining energy consumption FUD and China Bitcoin ban, it seems the long-running Tether FUD can make an entry. Jim Cramer, the founder

The Bitcoin bull market this season is currently undergoing through ‘FUD-Phase’ where a series of FUDs have hit the market one after the other, many of which has already been debunked. After Bitcoin mining energy consumption FUD and China Bitcoin ban, it seems the long-running Tether FUD can make an entry. Jim Cramer, the founder

Russia Central Bank
News
Russia Central Bank
News

Russia Set to Start Digital Rouble Trials From 2022

The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement was made by the head of the central bank Elvira Nabiullina, This comes as the second major news from Russia today after the State Duma approved crypto as a form of payment under a contractual basis. RUSSIA'S

The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement was made by the head of the central bank Elvira Nabiullina, This comes as the second major news from Russia today after the State Duma approved crypto as a form of payment under a contractual basis. RUSSIA'S

News
News

Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin

There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook

There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook

proof-of-concept
News
proof-of-concept
News

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

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

PBOC
Bitcoin News
PBOC
Bitcoin News

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

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

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

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

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

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

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

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?

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?

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

US Treasury
News
US Treasury
News

OCC Greenlights the Use of Stablecoin by Federal Banks

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

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