Confirmed: Basis CEO Says Project Will Shut Down due to Regulatory Concerns
Basis’ CEO has confirmed the stablecoin will shut down, citing regulatory concerns around its “secondary tokens” Go to Source Powered by WPeMatico
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PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months
USD-backed stablecoin Paxos Standard (PAX) has exceeded $5 billion worth of transaction volume Go to Source Powered by WPeMatico
Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major algorithmic stablecoin project Basis to shut down operations and return the majority of the $133 million it raised in April, sources report Go to Source Powered by WPeMatico
Russian Deputy Prime Minister: Draft Crypto Legislation Won’t Be ‘Significantly’ Edited
Russia’s cryptocurrency draft bill will not be edited in any “significant” way, according to deputy prime minister of Russia Maxim Akimov Go to Source Powered by WPeMatico
Report: Stablecoins See Significant Growth in Adoption Over Recent Months
A recent analysis by Diar has found that stablecoin adoption is increasing based on on-chain transactions Go to Source Powered by WPeMatico
Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins
Crypto exchange Bitfinex and its spin-off Ethfinex have introduced support for four more USD-backed stablecoins, in bid to offer “agnostic” trading Go to Source Powered by WPeMatico
Chinese Crypto Investor to Develop Stablecoin Within Hong Kong-Based Blockchain Fund
China’s Bitcoin “tycoon” Li Xiaolai will develop a stablecoin within Hong Kong-based blockchain fund Grandshores Technology Go to Source Powered by WPeMatico
Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs
Popular stablecoin Tether has re-opened deposit and redemption of USDT to fiat, while affiliate exchange Bitfinex added Tether-fiat trading pairs Go to Source Powered by WPeMatico
Binance Renames Its USDT Market to Combined Stablecoin Market
Crypto exchange Binance has renamed and expanded its USDT market to USDⓈ, which will support more stablecoins Go to Source Powered by WPeMatico
US Regulator Issues Cease and Desist Order to Russian ICO Mimicking Liechtenstein Bank
North Dakota’s Securities Commissioner has warned about a Russia-based individual who stole the identity of Liechtenstein Union Bank’s token Go to Source Powered by WPeMatico
