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SEC Gensler FUDs Crypto “History Tells Us That Private Forms Of Money Don’t Last Long”

U.S. Security and Exchange Commission (SEC) chair Gary Gensler spoke with the Washington Post about cryptocurrency regulations and how he personally sees the industry moving forward, i.e. regulated out of existence, with stablecoins and Proof Of Stake (PoS) digital assets labeled as securities. At one point during the interview with WAPO Gensler even suggested that… Read More

Regulation: U.S. Treasury Held Two Meetings With Financial Industry Executives And Representatives Of Crypto On Stablecoins This Week

Earlier this week, the U.S. Treasury Department met with financial industry executives and some representatives of the crypto industry to discuss regulation, risks, and benefits of stablecoins, Reuters reported. Washington lawmakers say they are “alarmed” at how fast the cryptocurrency market is growing according to people familiar with the meeting who spoke to Reuters. As… Read More

Mastercard Announces That It Will Add Stablecoins

MasterCard will allow its nearly one billion users to spend cryptocurrencies at more than 30 million merchants, starting with stablecoins, the payment giant announced. The payment giant believes the move may open merchants up to new customers and build loyalty with existing customers who are already migrating to using digital assets for payments over traditional… Read More

IOST x RampDeFi Update | rStake Live on 9 Dec 2020!

IOST’s latest node RampDeFi is launching- rStake, the first ecosystem product of RAMP’s core liquidity unlocking solution on IOST on 9 December 2020. The on-going phase 2 focuses on the minting of native stablecoins on the various blockchains, which will then be bridged over to Ethereum as rUSD for exchange into USDT or USDC. RampDeFi… Read More

Spotify Job Offer Insinuates Company Will Begin Accepting Cryptocurrencies

A job offer for Spotify seems to indicate that the company may start accepting cryptocurrencies including stablecoins and Libra (Diem.) The job posting published on jobs.lever.co, a well-known site that companies use for hiring posted an offer looking for an Associate Director in its Payments division specifically for Strategy and Innovation as well as Strategy… Read More

UK Treasury To Publish Draft Regulation On Stablecoins And CBDCs

The Treasury Department of the United Kingdom (UK) under Chancellor of the Exchequer Rishi Sunak has stated that stablecoins and central bank digital currencies (CBDCs) have the attention of the U.K and regulators are currently drafting up impending regulations. In a statement issued Monday, the U.K. Treasury said it would put forward proposals for regulating “relevant stablecoin… Read More

Ethereum Ecosystem Sees Massive Stablecoin Growth, Huge Issuance

In recent years, the use of Ethereum has seen massive growth. A significant number of decentralized applications (dApps) have been designed to function on its blockchain. Ethereum also allows the creation Defi ecosystem that could grow to be worth billions of dollars. Over the past six months, Ethereum has been leveraged to create a massive… Read More

Stablecoins Thrive as Bitcoin Rides Turbulent Market: Coin Metrics

Crypto analysis company Coin Metrics released research that shows stablecoins have become hot over the last few months. Bitcoin (BTC) saw its biggest daily drop in the last seven years recently, and its price has been struggling with a volatile global marketplace. Coin Metrics released its State of the Network report on March 23 after… Read More

Federal Reserve Lashes Out at Stablecoins in Recent Report

In a report released by the Federal Reserve, the US Central Bank, stablecoins were cited as a risk to the stability of the global financial system. In the FED’s ‘Financial Stability Report’ the stablecoin market, and how they are structured, were talked about in less-than-favorable terms. According to the report: “In an extreme scenario, holders… Read More

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