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Australia Officially Calls “More Data from Facebook Over Libra”, Joins Global Regulators
Stablecoin News
Australia Officially Calls “More Data from Facebook Over Libra”, Joins Global Regulators
Stablecoin News

More Regulatory Hurdles to Facebook’s Stablecoin – Could it Affect Crypto Markets?

Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other

Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other

jack dorsey
Stablecoin News
jack dorsey
Stablecoin News

Ethereum and Twitter Founders Shoot Down Facebook’s Crypto Plans with Libra

“Hell no,” says Twitter Founder Jack Dorsey on joining the Libra Association. He also added that Libra is not a cryptocurrency. In a recent interview with Buzzfeed, the Founder of Twitter and Square Inc. noted that Facebook was “completely incorrect” to label Libra as cryptocurrency. Joseph Lubin, the co-founder of Ethereum, also criticized Mark Zuckerberg

“Hell no,” says Twitter Founder Jack Dorsey on joining the Libra Association. He also added that Libra is not a cryptocurrency. In a recent interview with Buzzfeed, the Founder of Twitter and Square Inc. noted that Facebook was “completely incorrect” to label Libra as cryptocurrency. Joseph Lubin, the co-founder of Ethereum, also criticized Mark Zuckerberg

series of stablecoins
Stablecoin News
series of stablecoins
Stablecoin News

Facebook’s Crypto Project Head Proposes a New Stablecoins Design for Libra

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020.  Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020.  Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks

libra
Stablecoin News
libra
Stablecoin News

Libra Discussions with Swiss Authorities Clears U.S. Lawmakers’ Doubts

A US delegation of the House of Financial Committee led by Chairwoman Maxine Waters met with the Swiss authorities to discuss Libra. The outcome of the meeting was, however, still disappointing for Libra backers. The areas of concern echoed with their meeting with Libra Association head, David Marcus. Congress feared that if Libra is allowed it

A US delegation of the House of Financial Committee led by Chairwoman Maxine Waters met with the Swiss authorities to discuss Libra. The outcome of the meeting was, however, still disappointing for Libra backers. The areas of concern echoed with their meeting with Libra Association head, David Marcus. Congress feared that if Libra is allowed it

TEther
Stablecoin News
TEther
Stablecoin News

Tether Plans Stablecoin Backed by Chinese Yuan – Here’s Why it Could Back-Fire

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

Stablecoin News
Stablecoin News

Not Only in Trading, Stablecoins Transactions Surpass Venmo – Is PayPal Next?

Reportedly, on-chain stablecoin transactions have surpassed the number of transactions on Venmo. Venmo is a mobile service owned by PayPal. In Q2 of 2019, the number of on-chain stablecoin transactions on Ethereum alone surpassed Venmo’s to transfer more than $37 Billion. Moreover, the increase was primarily witnessed during Q2 of 2019. Tether was put under

Reportedly, on-chain stablecoin transactions have surpassed the number of transactions on Venmo. Venmo is a mobile service owned by PayPal. In Q2 of 2019, the number of on-chain stablecoin transactions on Ethereum alone surpassed Venmo’s to transfer more than $37 Billion. Moreover, the increase was primarily witnessed during Q2 of 2019. Tether was put under

Libra vs US Regulators
Stablecoin News
Libra vs US Regulators
Stablecoin News

Libra Finds The Limelight: Gets Featured In BIS’s 2019 Annual Economic Report

The Bank for International Settlement (BIS) has earlier this month, released an annual economic report 2019 and Facebook’s newly announced cryptocurrency project, Libra has somehow made the list of hot discussions. The Bank for International Settlement is an international financial institution owned by central banks which “fosters the International monetary and financial cooperation and serves

The Bank for International Settlement (BIS) has earlier this month, released an annual economic report 2019 and Facebook’s newly announced cryptocurrency project, Libra has somehow made the list of hot discussions. The Bank for International Settlement is an international financial institution owned by central banks which “fosters the International monetary and financial cooperation and serves

Ethereum
Stablecoin News
Ethereum
Stablecoin News

Ethereum Co-Founder Predicts Tether-Bitfinex’s Big Mess Led Other Stablecoins Thrive

Bitfinex and Tether debate isn’t over yet – one such recent comment can be seen by Joseph Lubin, founder of blockchain tech company ConsenSys. Bloomberg reported on May 09, 2019 that Mr.Lubin at the Fluidity Summit Conference in Brooklyn, New York says that ‘Bitfinex and Tether’ topic is like a really big mess. Beside Ethereum

Bitfinex and Tether debate isn’t over yet – one such recent comment can be seen by Joseph Lubin, founder of blockchain tech company ConsenSys. Bloomberg reported on May 09, 2019 that Mr.Lubin at the Fluidity Summit Conference in Brooklyn, New York says that ‘Bitfinex and Tether’ topic is like a really big mess. Beside Ethereum

tether
Stablecoin News
tether
Stablecoin News

Tether only 74% Backed By Cash And Equivalents: Tether Lawyers

Tether has been the largest stablecoin in the crypto ecosystem. But its large stature is plagued by even larger controversy- the stablecoin is not backed by real dollars. While Tether has tried to clear the air around this controversy several times, the truth is finally out that the stablecoin is only 74% backed by Cash

Tether has been the largest stablecoin in the crypto ecosystem. But its large stature is plagued by even larger controversy- the stablecoin is not backed by real dollars. While Tether has tried to clear the air around this controversy several times, the truth is finally out that the stablecoin is only 74% backed by Cash

facebook doubts
Stablecoin News
facebook doubts
Stablecoin News

Why Is This The Best Time For Facebook To Release A Cryptocurrency?

The secretive Blockchain project of Facebook is apparently no longer a secret. While the social media giant has refrained from making any comments on the issue. The blockchain team currently employed is proof enough of its ‘future projects.’ Facebook’s blockchain efforts are evident in their hiring of former PayPal President, David Marcus, who is also

The secretive Blockchain project of Facebook is apparently no longer a secret. While the social media giant has refrained from making any comments on the issue. The blockchain team currently employed is proof enough of its ‘future projects.’ Facebook’s blockchain efforts are evident in their hiring of former PayPal President, David Marcus, who is also

USDC coin
Stablecoin News
USDC coin
Stablecoin News

USDC Mounts Pressure On Tether To Come Clean As It Releases Another Audit Report

If we have to pick a villain in the world of cryptocurrencies and stable coins it would definitely be Tether which has never come clean on its dollar backings. On the other hand its competitor, USDC was appreciated for its transparency and independent audits. But the audits of USDC have come under the cloud, as

If we have to pick a villain in the world of cryptocurrencies and stable coins it would definitely be Tether which has never come clean on its dollar backings. On the other hand its competitor, USDC was appreciated for its transparency and independent audits. But the audits of USDC have come under the cloud, as

stablecoin
Stablecoin News
stablecoin
Stablecoin News

Stablecoins Have a Bigger Market Opportunity Then Bitcoin: Report

According to Satoshi Capital Research data, stablecoins have a market opportunity of about $18.8 trillion and in the entire last year, Tether (USDT) registered the trading volume of $1.1 trillion in last year.   Market Opportunity A few days ago, Satoshi Capital Research shared the market opportunity of Bitcoin and Stablecoins as well. Where Bitcoin

According to Satoshi Capital Research data, stablecoins have a market opportunity of about $18.8 trillion and in the entire last year, Tether (USDT) registered the trading volume of $1.1 trillion in last year.   Market Opportunity A few days ago, Satoshi Capital Research shared the market opportunity of Bitcoin and Stablecoins as well. Where Bitcoin

KRWB
Stablecoin News
KRWB
Stablecoin News

Stablecoin Craze Continues As Team KRWb Launches Korean Won Backed Stablecoin

Stablecoins have been the buzzwords in crypto-space for quite some time now and the craze doesn’t seem to be ending at all. After having a few stablecoins backed by US dollar, Asian companies to have started introducing coins that are backed by local currencies, latest being a stablecoin backed by Korean Won. KRWb- Korean Won

Stablecoins have been the buzzwords in crypto-space for quite some time now and the craze doesn’t seem to be ending at all. After having a few stablecoins backed by US dollar, Asian companies to have started introducing coins that are backed by local currencies, latest being a stablecoin backed by Korean Won. KRWb- Korean Won

stablecoin
Stablecoin News
stablecoin
Stablecoin News

Bitspark launches Hong Kong Dollar (HKD) Stablecoin to Challenge XRP’s Dominance in Cross Border Payments

While stablecoins have been effective in providing shelter against volatility for traders, they could possibly be a solution for cross border payments as well. To exploit this use case and challenge XRP dominance in blockchain based cross border payments, Bitspark has launched Sparkdex HKD, the world first stablecoin that is pegged to Hong Kong Dollar

While stablecoins have been effective in providing shelter against volatility for traders, they could possibly be a solution for cross border payments as well. To exploit this use case and challenge XRP dominance in blockchain based cross border payments, Bitspark has launched Sparkdex HKD, the world first stablecoin that is pegged to Hong Kong Dollar

tether
Stablecoin News
tether
Stablecoin News

Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether for Audit

Tether is facing the same question again and again as its competitors are ticking all the right boxes what investors want. In less than 24 hours since Circle released its third independent audit report for its USDC, people have already started questioning Tether again to come out clean on its dollar balances that are currently

Tether is facing the same question again and again as its competitors are ticking all the right boxes what investors want. In less than 24 hours since Circle released its third independent audit report for its USDC, people have already started questioning Tether again to come out clean on its dollar balances that are currently

usdc
Stablecoin News
usdc
Stablecoin News

Stablecoin USDC Is Getting Popular as More Project Que in To Provide Support

Around 6 months back, the world had only one stablecoin, Tether, to save themselves from the absurd volatility of the crypto-markets. But as crypto markets entered the second half of 2018, there came a flurry of stablecoins battling out for the numero uno position that Tether has held since inceptions. While the battle still continues,

Around 6 months back, the world had only one stablecoin, Tether, to save themselves from the absurd volatility of the crypto-markets. But as crypto markets entered the second half of 2018, there came a flurry of stablecoins battling out for the numero uno position that Tether has held since inceptions. While the battle still continues,

Stablecoin News
Stablecoin News

Stablecoin Mania Continues as Binance Adds Multiple Trading Pairs with TUSD

Stablecoins have been the buzzword throughout the second half of 2018 and now with volatility coming back to crypto markets, their use across exchanges has just shot up. To capture this demand and provide more stablecoin options to its user, Binance has announced that it would be adding multiple trading pairs with TUSD starting December 7,

Stablecoins have been the buzzword throughout the second half of 2018 and now with volatility coming back to crypto markets, their use across exchanges has just shot up. To capture this demand and provide more stablecoin options to its user, Binance has announced that it would be adding multiple trading pairs with TUSD starting December 7,

crypto exchange
Regulation News
crypto exchange
Regulation News

Stablecoins The Way Ahead on “Blockchain Island” says Malta’s Prime Minister

Malta has come up as a new crypto hub by providing much-required banking support to cryptocurrency businesses. As bringing changes to the banking regulations were not possible due to the risk associated with cryptocurrencies, the Maltese Prime Minister mentioned stable coins as a way for crypto businesses on the island to move ahead. Won’t intervene

Malta has come up as a new crypto hub by providing much-required banking support to cryptocurrency businesses. As bringing changes to the banking regulations were not possible due to the risk associated with cryptocurrencies, the Maltese Prime Minister mentioned stable coins as a way for crypto businesses on the island to move ahead. Won’t intervene

pax stable coin binance giveaway
Stablecoin News
pax stable coin binance giveaway
Stablecoin News

150,000 PAX Giveaway Announced by Binance to Celebrate its Addition as Base Currency for 6 Cryptos

Image source: The Cryptomist Binance recently added PAX stablecoin against 6 six cryptos viz. BTC, ETH, XRP, EOS, and XLM. To celebrate this launch, Binance has announced PAX trading competition involving the prize of 150k PAX. PAX Trading Competition by Binance Just recently, Binance expanded its stablecoins options with the addition of Paxos Standard (PAX),

Image source: The Cryptomist Binance recently added PAX stablecoin against 6 six cryptos viz. BTC, ETH, XRP, EOS, and XLM. To celebrate this launch, Binance has announced PAX trading competition involving the prize of 150k PAX. PAX Trading Competition by Binance Just recently, Binance expanded its stablecoins options with the addition of Paxos Standard (PAX),

tether
Stablecoin News
tether
Stablecoin News

Tether (USDT) Pairs Dominate All Major Exchanges as Volatility Returns To Markets

While crypto markets have been bleeding for little over a week now, investors and traders have very little safety to hide. Here comes Stablecoins to rescue and this is clearly visible as all leading exchanges are showing an exponential rise in trading volume for stablecoin especially Tether(USDT) pairs. BTC/USDT pair show a sharp rise in

While crypto markets have been bleeding for little over a week now, investors and traders have very little safety to hide. Here comes Stablecoins to rescue and this is clearly visible as all leading exchanges are showing an exponential rise in trading volume for stablecoin especially Tether(USDT) pairs. BTC/USDT pair show a sharp rise in