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Valkyrie Will Launch On-Chain Defi Fund Next Week
Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other,…
Argentines Pay More For 1$ in Bitcoin or DAI Than For One Physical Dollar
Argentina is undergoing a new episode of market jitters after the victory of the opposition forces in the legislative elections. As analysts predict a new devaluation on the horizon, people…
USDC Issuer Circle Plans Expansion into Asian Markets: Report
The blockchain-focused financial services company – Circle – intends to establish regional headquarters in Singapore. The firm will also reportedly invest in a stablecoin backed by the Japanese yen through…
Circle Supports Government Plans to Regulate Stablecoin Issuers Like Banks
USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth.…
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
"Our long-term vision is to create a currency that is stronger than any fiat currency that exists now," said Reserve community manager Yens Michiels.
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking…
Russia to Change 13 Laws and Codes for Digital Ruble
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…
Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While…
The stablecoin scourge: Regulatory hesitancy may hinder adoption
U.S. Treasury’s recommendations, if adopted, could hinder stablecoin innovation in the near future, but in the long run, they might be a boon.
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