Stablecoin Financial News

25.05 / 18:41

Stablecoin Altcoins Terra LUNA, UST Jump as Terra Revival Plan Moves Ahead After Vote

The price of the Terra network’s native LUNA token and the failed stablecoin terraUSD (UST) jumped in the market on Wednesday, after a revival plan for the network officially passed a vote, with 65% voting in favor of the plan. A new Terra blockchain is now expected to launch this Friday, May 27th.

25.05 / 17:39

Stablecoin Gold Bitcoin Backed As crypto takes a nosedive, gold-backed tokens ensure investors won’t crash too

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.

25.05 / 16:45

business Government Blockchain Stablecoin Ideas vs. practice: How are regulators working together on crypto?

The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem.

25.05 / 13:49

Stablecoin regulation coinbase rights Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official

The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.

25.05 / 12:03

cryptocurrency Stablecoin Digital Currency Terra Luna Bitcoin Terra Luna crash: What are ‘stablecoins’ and how stable are they really?

The world of cryptocurrencies was sent into a spin with the collapse of stablecoin TerraUSD and its sister coin Luna, whose prices crashed earlier this month.

24.05 / 23:05

Stablecoin Altcoins regulation Terra More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates

More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon.

24.05 / 17:57

Government Stablecoin Bitcoin regulatory Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?

In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury, announced its intention to put the United Kingdom at the forefront of technology by bringing stablecoins under the country’s payments regulation — a bold move that looks especially intriguing in contrast to the recent shock, caused by TerraUSD’s (UST) depegging.

24.05 / 16:55

business Blockchain Stablecoin Bitcoin WEF 2022: Blockchain community breaks stereotypes at Davos

On the second day of Global Blockchain Business Council's (GBBC) Blockchain Central Davos 2022, Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a panel discussion focusing on the direction that the financial industry is going.

24.05 / 15:43

Stablecoin Tether Terra Backed Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.

24.05 / 13:55

Stablecoin Federal Reserve banking Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue

The purported benefits of a central bank digital currency (CBDC) in the United States are “uncertain and unlikely to be realized,” and there is no compelling case for it, the American Bankers Association (ABA) has said in a letter to the US Federal Reserve (Fed). The letter also warned that a CBDC could undermine the banks’ business model.

24.05 / 13:05

Stablecoin Citigroup Bitcoin NOT IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress

The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).

24.05 / 09:45

Blockchain Stablecoin Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23

It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto industry has not reached the same level of “adequate regulating” as the traditional finance market.

24.05 / 09:03

Blockchain Stablecoin Terra Luna Luna Classic Terra Classic Luna Terra aims to resurrect LUNA after clearing the rubble

Terra (LUNA) is headed to walk on the difficult path post the collapse, particularly after sweeping the rubble. The foundation is looking to sort the pieces into a block to rebuild the protocol. It is an opportune time for the regulators to look for a comprehensive stablecoin regulation, while the blockchain is in mea culpa followed by introspective solutions. On Terra’s governance proposal portal, 80 per cent of eligible token holders that voted are pushing to rebuild the protocol, minus the algorithmic component.

23.05 / 23:19

markets Ethereum Stablecoin defi fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has impressive capability, it has yet to find mass adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull maket lows under $0.25 after the failure of the Solidly DeFi project and the departure of developer Andre Cronje.

23.05 / 18:49

Ethereum Stablecoin litecoin Bitcoin Poorer Americans Are More Likely to Use Crypto, GameStop's Ethereum Wallet, eBay's NFTs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

23.05 / 11:51

business Blockchain Stablecoin supply Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it

The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving the fallen prices of LUNA and UST tokens. Instead, the part of the community recommended burning LUNA tokens as the most plausible way to achieve a comeback.

21.05 / 08:55

Blockchain Stablecoin Tether Usd Coin Do you have the right to redeem your stablecoin?

Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?

21.05 / 00:37

Law Stablecoin regulation crypto rules FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report

Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.

20.05 / 19:19

Stablecoin Tether cryptos Holdings Top stablecoin Tether boosts US Treasuries holdings

Tether, the world's largest stablecoin, said on Thursday it has boosted its holdings of U.S. government debt while cutting exposure to riskier assets, the first look at its reserves since the token was rocked by the crypto sector's recent sell-off. Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are in sharp focus after crypto markets were rocked last week by the demise of the TerraUSD token. Usually underpinned by reserves of assets such as dollars, gold and government debt, stablecoins are widely used in cryptocurrency trading — with Tether the predominant medium for moving funds between crypto or into regular cash.

20.05 / 16:23

Blockchain Technology Stablecoin Tether Future UST aftermath: Is there any future for algorithmic stablecoins?

TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083.

20.05 / 15:59

markets Stablecoin Investments Analysis week Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?

Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.

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