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…
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…
What is Flatcoin and how does it work? Why are they better than stablecoin?
In the rapidly evolving world of cryptocurrencies, stability has become a significant concern. The concept of a stablecoin, designed to minimize the volatility associated with traditional cryptocurrencies, has gained popularity. However, a new and innovative solution has emerged – Flatcoin.…
Hokkokubank Launches Local Digital Currency in Japan, Stablecoin Coming Soon
In a groundbreaking move that is set to revolutionize Japan’s financial landscape, Hokkokubank, in partnership with Kono Shinkin Bank, has launched a local digital currency initiative. This innovative project aims to empower local communities and businesses by leveraging blockchain technology…
Binance Japan partners with mega-bank MUFJ on stablecoin project
Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest banking group, and Binance Japan, the local arm of the world’s biggest cryptocurrency exchange, have partnered to create fiat-pegged stablecoins. This collaboration utilizes the “Progmat Coin” platform, which is led by Mitsubishi’s…
Visa to Send Stablecoin USDC over Solana to Help Pay Merchants in Crypto
As Visa aimed to expand its potential to more clients, there was an urgent need to utilize newer, high-performance blockchains that could send and receive stablecoins at a faster rate and at a lower cost. For these reasons, Visa supported…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Should We Be Worried About PayPal’s Stablecoin? Here’s a Scary Feature
PayPal showed they have a deep interest in the crypto industry after they launched their stablecoin PYUSD. Apparently, this new token is a verification and solidification of a venture they started in 2020. Then, PayPal allowed the integration of crypto…
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 were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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 transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
