CBDC activity heats up, but few projects move beyond pilot stage
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. Go to Source Powered by WPeMatico
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80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?
The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST. Go to Source Powered by WPeMatico
First 7-week losing streak in history ― 5 things to know in Bitcoin this week
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum. Go to Source Powered by WPeMatico
UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
During the Queen’s Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow. Go to Source Powered by WPeMatico
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system. Go to Source Powered by WPeMatico
SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability
A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a real threat” to the country’s financial stability. SEC Commissioner on Stablecoin Regulation The regulation of stablecoins has been a hot topic this week following the Terra fiasco … Read more
What happened? Terra debacle exposes flaws plaguing the crypto industry
The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. Go to Source Powered by WPeMatico
No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks
GAM Investments has called fake news on a fabricated announcement claiming it would invest $3 billion to help Luna/UST recovery efforts. Go to Source Powered by WPeMatico
Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain. Go to Source Powered by WPeMatico
Bitcoin price sees ‘hell of a reversal candle’ as 168,000 BTC leaves exchanges
Nothing keeps a Bitcoin bull down for long, and now, BTC price action is back above $30,000 after 24-hour gains of 30%. Go to Source Powered by WPeMatico