$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders’ long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction. Go to Source Powered by WPeMatico
Stablecoin
Auto Added by WPeMatico
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled
A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation. Go to Source Powered by WPeMatico
Central Banks to set standards on banks’ crypto exposure – BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025. Go to Source Powered by WPeMatico
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds are instantly transferred to the intended recipients. Only ‘Most Impacted and Vulnerable … Read more
Argentina’s province to issue US dollar-pegged stablecoin
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion. Go to Source Powered by WPeMatico
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month, statistics show that 14.77% of the reduction took place … Read more
Researchers use zero-knowledge to address privacy, AML concerns in stablecoins
Organizations led by German fintech etonec designed a system that takes advantage of zk-SNARK to provide untraceable transactions within regulatory limits. Go to Source Powered by WPeMatico
Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin
The JUSD stablecoin will allow real-time settlements for institutional investors in the territory. Go to Source Powered by WPeMatico
Only 1% of people can handle crypto self-custody right now: Binance CEO
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange. Go to Source Powered by WPeMatico
Bitcoin traders cross fingers in hopes that a positive Fed meeting triggers a run to $18K
All eyes are on this week’s Federal Reserve meeting, and BTC traders hope that positive strides against inflation trigger a run to $18,000. Go to Source Powered by WPeMatico