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Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022. Go to Source Powered by WPeMatico
The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. Go to Source Powered by WPeMatico
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets. Go to Source Powered by WPeMatico
The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban. Go to Source Powered by WPeMatico
Altcoins can rally for an infinite number of reasons, but some price spikes are more historically similar than others. Go to Source Powered by WPeMatico
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules. Go to Source Powered by WPeMatico
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto … Read more
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes … Read more
Bahrain’s central bank initially announced the JPM Coin trial in May 2021. Go to Source Powered by WPeMatico
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as … Read more