Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
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Stablecoin Reserves Must Be “Publicly Transparent”: Jerome Powell
Jerome Powell, Christine Lagarde, Ravi Menon, and Agustn Carstens shared their thoughts on several topics, including DeFi regulation, stablecoins, and central bank digital currencies. Fed Chair Talks Stablecoins The Federal...
Alcala Resumes Operations After Printing Over $3 Billion in Stablecoins by Mistake
Some blockchain projects have to deal with hackers, and others, like Alcala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole…
Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95…
US Draft Bill Plans to Ban Algorithmic Stablecoins for 2 Years
The draft stablecoin bill in Congress requires The Federal Reserve System and state banking regulators to approve any stablecoin plans by non-bank entities before they can be legally issued. Issuers…
Wazirx Follows in Binance’s Footsteps Unlisting USDC, USDP and TUSD
On September 19, WazirX, one of India’s leading cryptocurrency exchanges, announced the delisting of Circle’s USDC, Paxos’ USDP, and TrueUSD (TUSD) stablecoins, effective September 26, following in Binance’s footsteps. According…
Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September…
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from $171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins…
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak,…
Celsius Files for Approval to Sell Stablecoin Stash to Fund Operations
In the latest development in the ongoing Celsius Chapter 11 bankruptcy case, the beleaguered platform has now sought approval to sell its reserve of stablecoins. In the request, Celsius leadership…
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