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Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and…

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Long-Term Bitcoin Holders Did Not Sell Amid the Market Crash: Coinbase Research

Long-term bitcoin holders have not disposed of their holdings into the market weakness as short-term speculators are mainly responsible for the heavy selling that exacerbates the asset’s nosedive, according to…

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ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi).…

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Bank of Russia Says Stablecoins Are Not Suitable for Settlements

The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a…

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Full Impact of Crypto Bear Market Not Yet In, No Catalysts for Reversal in Sight: CoinShares CSO

Crypto winter may be extended until the physical winter in Q4 and even the early Q1 next year, implied CoinShares Chief Security Officer Meltem Demirors in the latest interview with…

Continue ReadingFull Impact of Crypto Bear Market Not Yet In, No Catalysts for Reversal in Sight: CoinShares CSO

The Crypto Market Crash Prompts the FSB to Propose Global Regulations (Report)

The Financial Stability Board (FSB) – an organization created by the G20 countries that supervises the international monetary system – will reportedly propose a regulatory framework focused on digital assets.…

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