The Monetary Authority of Singapore (MAS) regulators issued a press release on March 20 revealing plans to publish the final crypto and stablecoin consultation report. The MAS report revealed that the consultation report is expected to be posted by mid-2023. The proposed…
There is a lot at stake in the financial sector that is associated with the insolvency of SVB. One of the largest stablecoin entities in the cryptocurrency market, named Circle, has been reported to have major stakes reserved with SVB. Circle revealed…
Moody’s Corporation, a prominent financial organization, is reportedly operating on a scoring system covering nearly 20 stablecoins. The respective project will be focused on evaluating the quality of the stablecoins’ reserves attestation, as reported by Bloomberg. The news outlet cited the person…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
Crypto.com, a crypto wallet provider and exchange, has delisted Tether (the leading stablecoin) on its platform in Canada. The company recently sent an email to consumers living in Canada and notified them that it will not support the prominent stablecoin from the…
Though the markets are presently going through a hard correction, retailers who intend to embrace crypto payments are increasing in number. Subsequently, a steady rise is being witnessed in the overall volume of crypto buyouts carried out online in the sector of…
Crypto has gained a lot of fame across the globe in recent times. Countries around the world, whether small or large, are endeavoring to adopt crypto and blockchain technologies into the economy to get spread digitalization worldwide. Many central banks are pursuing…
Midas, a custodial investment company, will shut down its activities due to a shortfall of up to $63.3M in its DeFi portfolio. Iakov Levin (the CEO and founder of Midas), who is also famous by the name “Trevor,” stated noted that the…
Vitalik Buterin (a computer scientist and co-founder of Ethereum) has discussed what he considers the 3 top opportunities to be witnessed in the crypto world at the current time. While appearing in an interview, Buterin stated that the creation of wallets that…
An Ireland-based financial services firm, Stripe, recently declared to introduce a project permitting fiat-to-crypto service to make payments convenient for businesses in the Web3 sector across several countries. The latest service offers a modifiable widget to be straightly integrated into a non-fungible…
Genesis Global Capital denied having imminent plans for the bankruptcy filing by disclosing its priority to hold constructive conversations with the creditors. Genesis Exposure to FTX Downfall Genesis, a popular cryptocurrency lender, disproved current speculations of initiating bankruptcy proceedings if unable to…
Solana (SOL) has become one of the top losers in the list of top cryptocurrencies in the past 24 hours. This is because two of the largest crypto exchanges have made alarming announcements that do not go well with the Solana network….
The world’s biggest crypto exchange, Binance, announced recently that it was suspending deposits on the Solana blockchain of stablecoins USDT and USDC. Since the announcement, it has reopened USDT deposits on Solana. USDT is the stablecoin that belongs to Tether, while USDC…
A committee of unsecured creditors of Celsius Network has filed a motion with the court, as they want to stop the crypto lending platform from selling off its stablecoin holdings. The group of creditors submitted the written protest against the sale after…
For those who are already or are planning to adopt Robinhood to perform cryptocurrency trades, the mobile-based crypto trading application has an announcement for them. The online broker known mainly for cryptocurrency trading has announced that it has enlisted a new stablecoin….
Rune Christensen, the founder of MakerDAO, has recommended that the community members of the DAO (decentralized autonomous organization) should look into de-pegging the DAI stablecoin from the US Dollar. Rune made this comment on Thursday on the MakerDAO discord channel after the…
The founder of Frax Finance, Sam Kazemian, stablecoin projects should consider a collaborative approach as an ecosystem to grow each other’s liquidity. Sharing his opinion with Cointelegraph, Sam believes that as long as the growth of the liquidity of stablecoins is proportional…
During the emergence of issues in the sector of stablecoins, USDT (Tether) released a unique digital asset to be pegged into the peso of Mexico on the networks of MATIC (Polygon), TRX (Tron), and ETH (Ethereum). A declaration was made by Tether…
USDT (Tether) – the biggest stablecoin in terms of market capitalization – has been introduced on another network called Kusama of Polkadot. Tether.io’s operator, Tether Operations Limited, has declared to introduce USDT on Kusama (the canary network of Polkadot). The firm stated…
Pat Toomey – a Republican Senator as well as a prestigious participant of the Senate Banking Committee – has structured a bill suggesting a regulatory agenda to cover stablecoins across the United States. As per a Wednesday-released draft, the Stablecoin TRUST (Transparency…
