The Ardana Labs controversy of 2022 unfolds as a captivating saga in the world of cryptocurrency. Initially heralded as a groundbreaking stablecoin platform for the Cardano network, Ardana Labs secured an impressive $10 million investment in 2021. The project, helmed…
Search Results For: Stablecoin
CFX Labs, a Solana Blockchain-based Stablecoin Payment Network secures $9.5 million to Expand Global Remittance Services
CFX Labs, a leading U.S.-based fintech firm, has recently secured $9.5 million in seed investments to fuel the expansion of its innovative Solana blockchain-based stablecoin payment and remittances network. This investment round, which was oversubscribed, includes notable participants such as…
BlackRock Identifies Risks of USDT and USDC Stablecoins to Bitcoin
The BlackRock Spot Bitcoin ETF filing has recently made waves in the digital asset sector, capturing the attention of market participants and enthusiasts worldwide. As the largest asset manager globally, BlackRock’s decision to pursue a Spot Bitcoin ETF has garnered…
Midas: Bridging the Gap Between Traditional Finance and Crypto with a Stablecoin Backed by U.S. Treasuries
Midas, a groundbreaking addition to the growing convergence between the world of cryptocurrencies and traditional finance, is set to make waves in the decentralized finance (DeFi) space. With its stUSD token, Midas aims to unleash the power of its stablecoin,…
UK Sets Out Proposals to Bring Stablecoins into Real Economy
While the United States patiently awaits the progress of its stablecoin bill, the United Kingdom has taken a proactive stance by formulating a comprehensive proposal to regulate stablecoins. The UK has integrated stablecoins into the mainstream economy as an alternative…
Fed’s Barr Sees Stability Risk in Private Crypto Stablecoins
The Federal Reserve’s leading bank overseer, Michael Barr, has voiced growing concerns over the potentially destabilizing impact of crypto stablecoins on the intricate fabric of the US financial system. In a keynote address at the DC Fintech Week event, Barr…
SEC Subpoenas PayPal in Relation to PYUSD Stablecoin
PayPal, a global payments leader, has encountered a significant development in the cryptocurrency market. The company has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its USD stablecoin. This regulatory action has sparked discussions about its…
Cryptoassets: Brazilian IRS Detects Sharp Rise in Stablecoin Transactions
Stablecoins, a type of cryptocurrency designed to maintain a stable value by pegging it to real-world assets such as fiat currencies or commodities, have witnessed a remarkable surge in adoption. Recent reports by the Brazilian Federal Revenue Service reveal a…
Stablecoins are One of the Largest Holders of US Debt – Coinmetrics Co-Founder
The Messari Mainnet Conference, which was held last September, was the venue for blockchain companies and experts to share their views and expertise regarding the state of the crypto industry. One of the talks was whether stables or stablecoins serve…
Taproot Assets: Transforming Tokenization and Enabling Stablecoin Integration on the Bitcoin Blockchain
Welcome to an exciting era in the evolution of the Bitcoin blockchain. We are thrilled to announce the release of the mainnet alpha version of Taproot Assets by Lightning Labs. This groundbreaking development represents a significant leap forward in our…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
