KPMG to audit new pound-backed stablecoin GBPT
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements. Go to Source Powered by WPeMatico
Month: July 2022
US crypto regulation bill aims to bring greater clarity to DAOs
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs. Go to Source Powered by WPeMatico
Crypto & Stock Market Update: CPI Numbers Releasing This Week, Chinese Stocks Suffer, Bitcoin and Ethereum Prices Hold Support
Cryptocurrency markets are off to a relatively slow start this week, with Bitcoin down 3.44% and Ethereum price down 3% in the past 24 hours. BTC remains above the $20k support level, while ETH holds the $1.1k support level. The global cryptocurrency market is down 2.82% but remains above $915 trillion, signaling that the market … Read more
Tether fortifies its reserves: Will it silence critics, mollify investors?
USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet? Go to Source Powered by WPeMatico
PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher
Researcher Vivek Raman said that after the Merge, ETH inflation will be lower, security will be better and ETH will position itself as a digital bond. Go to Source Powered by WPeMatico
Binance ban off the cards, says Philippine trade and industry department
The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week
Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000 earlier today, with ETH slipping below $1,200. Bitcoin Bitcoin dropped below $21,000 on Monday, as prices continued to slip, following a recent encounter with a … Read more
Dutch bank ING sells digital asset tool Pyctor to GMEX
GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance. Go to Source Powered by WPeMatico
UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption
Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic … Read more
Terra crash highlights stablecoin risk to financial stability: ECB
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn’t fit for use in the real economy. Go to Source Powered by WPeMatico