Russia’s Sberbank plans release of its own crypto token, the “Sbercoin”
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. Go to Source Powered by WPeMatico
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Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed by social media giant Facebook, is reportedly preparing to launch as early as January next … Read more
EURST Stablecoin – Reinvention of the European Economy
Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. In the current economic hardship and the Covid-19 global pandemic, the European Union has had to … Read more
Tether’s market cap is growing at a near-record pace
The market cap of USDT swelled by 1 billion over nine days. Go to Source Powered by WPeMatico
Law Decoded: Cents and stability, Nov. 20–27
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded. Go to Source Powered by WPeMatico
Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin
Libra will initially be pegged to just one fiat currency. Go to Source Powered by WPeMatico
ZK International Subsidiary xSigma Introduces New Defi Project
PRESS RELEASE. xSigma Corporation, a wholly owned subsidiary of ZK International Group (NASDAQ:ZKIN), was launched in 2018 as a blockchain research and development lab to solve real-world infrastructure challenges. After two years of intensive research into smart contracts and other blockchain-based solutions, xSigma shifted its focus to decentralized finance, or defi, in an effort to … Read more
USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 billion mark. Out of more than 30 stablecoins in 2020, tether is still a behemoth capturing 76.15% … Read more
IMF lawyers argue that central banks need reform before they can issue CBDCs
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies. Go to Source Powered by WPeMatico
Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks
The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and the Bitcoin Cash network as well by leveraging the Simple Ledger … Read more