Stablecoin Financial News

17.12 / 14:03

Ethereum Stablecoin Investing Investment Bitwise Financial Bitwise, Nexo Add to Financial Products for Rich NFT Investors

The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors.

17.12 / 03:01

markets Stablecoin Bitcoin Here’s why Bitcoin traders expect choppy markets for the remainder of 2021

Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin and altcoin prices and currently the Crypto Fear and Greed index is solidly in the ‘fear’ zone where it has been parked since the beginning of December.

16.12 / 01:19

business Blockchain Stablecoin MasterCard week Cointelegraph Editor-in-Chief Kristina Cornèr talks digital currencies with Mastercard at Global Impact Week

Global Impact Week, an industry event which features fintech, policy, climate, healthcare, and media innovations, kicked off in Valencia, Spain, and is ongoing from Dec. 14 to 18.

16.12 / 00:33

Government Stablecoin Federal Reserve financial stability Financial Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US

United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets.

15.12 / 00:38

Government Stablecoin Congress hearing Opinions Witnesses offer differing opinions on approach to stablecoins at congressional hearing

The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn.

14.12 / 21:17

Government Stablecoin Congress 'DeFi is the most dangerous part of the crypto world,' says Senator Elizabeth Warren

Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor.

14.12 / 17:11

Stablecoin community Cryptoverse Smarts as ‘Bad Actor’ Readies to Talk Stabelcoins to US Senate

A US Senate hearing will hear testimony on stablecoins today – but some crypto community members have expressed concern that some of those summoned before the American upper house could be bringing misinformation and inaccuracy to the table.

14.12 / 15:18

cryptocurrency Stablecoin Bitcoin price today Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, Polkadot bleed up to 9%

cryptocurrency market extended its losses on Tuesday ahead of the much-awaited US Fed meeting as investors sought signals for tapering and rate hikes. As many as six out of the top 10 digital tokens were trading lower at 9.30 IST.

13.12 / 18:38

Stablecoin Adoption Myanmar Myanmar’s Exiled Government Embraces Tether To Combat Military Regime

Myanmar’s shadow government has recognized tether (USDT) as its official currency - with plans to use the stablecoin to collect funds for a campaign against the country’s military junta.

11.12 / 13:17

Law Stablecoin Bitcoin Virtual assets guidance FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged

The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges for the crypto industry: To convince regulators, legislators and the public that it does not facilitate money laundering.

10.12 / 01:19

Blockchain Stablecoin Adoption Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve.

09.12 / 18:27

business Blockchain Stablecoin Adoption index Inflation benchmark Frax Price Index to launch on Partisia blockchain

On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index, or CPI.

09.12 / 17:39

Stablecoin Adoption wallet WhatsApp Meta Tests Stablecoin Transfers via WhatsApp

The Novi digital wallet, created by the social media giant Meta (formerly Facebook), will allow its users to send and receive stablecoin via its popular messaging app, WhatsApp.

09.12 / 16:21

Facebook Stablecoin WhatsApp testing WhatsApp starts testing currency payments with Meta’s Novi wallet

Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace.

09.12 / 00:35

business Blockchain Stablecoin Tether Sam Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh

Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin supply at roughly $150 billion.

08.12 / 20:41

business Stablecoin Funding Venture Capital Hong Kong-based Chiron Partners launches $50M Terra fund

Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new innovations for the layer-one decentralized finance, or DeFi, protocol.

08.12 / 12:41

Blockchain Stablecoin Usd Coin Bitcoin hearing House memo details Congress' priorities ahead of crypto CEO hearing

The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.

08.12 / 06:39

markets Stablecoin Adoption defi Time TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high

Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the 25% correction seen on Dec. 3.

07.12 / 17:01

Stablecoin regulation wallet Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022

Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.

07.12 / 16:15

Stablecoin Adoption regulation Russia’s largest bank struggles to register its digital asset platform

Sber, Russia’s largest bank, is apparently struggling to obtain a regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.

07.12 / 01:43

Blockchain Stablecoin Tether Usd Coin Financial Japan's financial regulators may propose legislation in 2022 restricting stablecoin issuance

According to The Nihon Keizai Shimbun (Nikkei), one of the world's largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan's Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such as Tether (USDT), which does not operate as a bank and is only regulated in the British Virgin Islands, from conducting business with Japanese customers.

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