Tag Archives: Stable Coins

Terraform Labs in Seoul, South Korea is looking to buy as much as $10 billion worth of bitcoin to back its own stable currency, which it’s looking to release soon into the crypto market. The company is also looking to make bitcoin the world’s new reserve currency. Terraform Labs Has Big Plans for Bitcoin At the time of writing, Terraform Labs has garnered roughly 40,000 bitcoin units, which are worth about $1.7 billion. The purchases were made with the assistance of Luna...

Regulators in the United States believe stable coins will be the first digital assets to come under scrutiny. Stable Coins Are the Object of Regulators’ Suspicions Stable coins are digital currencies that are not as volatile as standard forms of crypto like bitcoin or Ethereum. They are tied to fiat currencies like USD, the yen, and the euro, and thus experience far fewer price swings. This has made them “staples” of any crypto portfolio looking to ease selling pressure...

The United Kingdom has announced it will soon be regulating stable coins and that it’s looking to broaden those regulations to include bitcoin and more standard versions of crypto in the future. The UK Is Planning to Regulate All Stable Coins Economic Secretary to the Treasury John Glen made the announcement in a recent speech at the Innovate Finance Global Summit. He commented: I can confirm that we will be legislating to bring certain stable coins into our payment...

Bitcoin and many other altcoins haven’t been doing too well as of late. These currencies are dropping and shedding value faster than anyone could have anticipated. However, their falls have given rise to stable coins, which have ultimately taken the spotlight over the course of the past week or so. Stable Coins Are Growing Like Mad Stable coins are digital assets with value that doesn’t move. This is because they are tied to fiat currencies like the U.S. dollar. When...

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance. Sveriges Riksbank: Bitcoin Isn’t Going to Make It The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from...

Bitcoin has incurred a nasty fall in recent days, dropping from $40,000+ earlier in the month to about $30,000 at press time. Thus, the currency has lost more than $10,000 since reaching its new all-time high, and many analysts – including Agustin Carstens of the Bank for International Settlements – believe that the world’s number one digital asset by market cap may be in a heap of trouble.Agustin Carstens: Bitcoin May Not Last Beyond a Certain PointIn a recent interview, Carstens went so far...

The Office of the Comptroller of the Currency (OCC) has published a new letter stating that banks are now permitted to utilize stable coins to perform what the letter refers to as “bank-permissible functions” including, but not limited to, payment activities.Stable Coins Are Headed for the TopIn other words, banks may now use and accept stable coins as means of payment, as can their customers. This is a huge step forward in what cryptocurrency was initially designed for; to be used as a...

The price of Ethereum has been surging over the past few days largely due to the recent price jumps experienced by bitcoin, the world’s leading cryptocurrency by market cap. However, the Ethereum jump can also potentially be traced to a recent announcement made by payment processing company Visa that it would put much of its focus towards stable currencies in the coming months.Visa Is Making Stable Coins MainstreamEthereum is the world’s second-largest cryptocurrency by market cap after...

Die Blockchain-Technologie mischte die traditionelle Finanzwelt seit 2008 gewaltig auf. Nun hat sich die Counos Platform für 2020 vorgenommen, die Blockchain Industrie gewaltig aufzurütteln. Von innovativen Counos Kryptowährungen bis hin zu verlässlichen und höchst sicheren Finanz- dienstleistungen bietet die Counos Platform ihren wertgeschätzten Kunden alles. Im Jahr 2017 erblickte in der Schweiz die Counos Platform zum ersten Mal das Licht der Welt und zog seitdem eine große...

Die US-Notenbank sucht in einer Stellenausschreibung nach Bitcoin-Experten. In einer Stellenausschreibung sucht die US-Notenbank einen Experten im Bereich Kryptowährungen. Die Idee einer digitalen Zentralbank wird somit immer konkreter. US-Notenbank sucht Krypto-Experten Am 4. November gab die US-Notenbank eine Stellenbeschreibung heraus. Mit dieser nehmen die amerikanischen...