$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere…
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U.S. Senate Banking Committee to Convene on Stablecoins
The U.S. Senate’s Banking, Housing, and Urban Affairs Committee will hold a hearing on Dec. 14 to discuss stablecoins. The meeting titled “Stablecoins: How Do They Work, How Are They…
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in…
Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.
Crypto Economy Loses Billions in Market Downturn, Bitcoin Price Slips More Than 25% in 30 Days
A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is…
Victory is for the taking in Friday’s $950M Bitcoin options expiry
With BTC price under $57,000, bears appear to have a slight advantage in this week’s $950 million BTC options expiry.
Fed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation
Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary.
Leading Supermarket Chain in Croatia Introduces Crypto Payments
Customers of the largest supermarket chain in Croatia will be able to pay with cryptocurrency for their orders in the retailer’s online shop. The company plans to soon offer the…
Bank of America: The Metaverse Is a Massive Opportunity for The Crypto Industry
Haim Israel – a strategist at Bank of America – believes the metaverse will create huge opportunities for blockchain technology. It will also cause digital assets to start being employed…
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