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Moody's Developing Scoring System to Evaluate Reliability of Stablecoins

stablecoin Featured

Moody's Developing Scoring System to Evaluate Reliability of Stablecoins

A mechanism to assess the stability and dependability of up to 20 stablecoins is being developed by Moody's, a primary provider of credit ratings for publicly traded corporations. However, according to a Bloomberg article, the project is still in its early phases and won't give formal

Biden Administration Unveils Strategy for Safe and Responsible Cryptocurrency Development

Biden Administration Unveils Strategy for Safe and Responsible Cryptocurrency Development

The Biden administration's strategy for tackling the risks associated with cryptocurrencies was outlined in a statement released by the White House on January 27. The report, primarily directed at the US Congress, presents a two-part plan for mitigating these risks. The first element of the plan is the

US Prosecutors Request Prohibition of SBF from Using Signal after Alleged Witness Influence Attempt

US Prosecutors Request Prohibition of SBF from Using Signal after Alleged Witness Influence Attempt

To stop further attempts to sway witness testimony, federal prosecutors have asked that the bail conditions for former FTX CEO Sam Bankman-Fried be changed. According to court records submitted on January 27th, the Department of Justice has requested that Bankman-Fried not be allowed to speak with any current or former

Gov. Newsom of California vetoes the proposed crypto license and regulatory framework.

Gov. Newsom of California vetoes the proposed crypto license and regulatory framework.

Gavin Newsom, the governor of California, rejected a bill that would have established a licensing and regulatory framework for digital assets, which added to the regulatory challenges already faced by the crypto ecosystems. Assembly Bill 2269 was created with the intention of enabling the legal operation of cryptocurrency enterprises in

The GBTC and ETHE products from Grayscale are now accessible on Robinhood.

The GBTC and ETHE products from Grayscale are now accessible on Robinhood.

Grayscale, a digital asset management, has added its flagship Bitcoin (BTC) and Ether (ETH) products to Robinhood, a popular trading app with millions of users. Grayscale's Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) will be available to trade directly through Robinhood starting on Friday. GBTC shares give investors

According to Tesla: 'Bitcoin is a Liquid Alternative To Cash'

According to Tesla: 'Bitcoin is a Liquid Alternative To Cash'

Tesla Inc. maintained its pro-Bitcoin stance in a recent Securities and Exchange Commission (SEC) filing, claiming bitcoin has "long-term potential" and is "a liquid alternative to cash." > “We believe in the long-term potential of digital assets both as an investment and also as a liquid

Two banks in Argentina have added cryptocurrency trading on their platforms.

Two banks in Argentina have added cryptocurrency trading on their platforms.

On social media today, Banco Galicia, one of Argentina's major private banks, stated that it had launched a crypto trading option to its website. Brubank, a digital bank, later revealed that it had done the same. On May 2, Twitter users noticed Banco Galicia's new crypto

The Senate Building in Mexico now has a Bitcoin ATM.

The Senate Building in Mexico now has a Bitcoin ATM.

The country's 14th Bitcoin (BTC) ATM is now housed in Mexico's Senate building, indicating the country's growing interest in Bitcoin. The ATM was placed on Tuesday with the help of many MPs, including Miguel Angel Mancera, the chairman of the Party of the Democratic

Panama assembly passes law to allow use of Bitcoin and other cryptocurrencies

Panama assembly passes law to allow use of Bitcoin and other cryptocurrencies

According to Reuters [https://www.reuters.com/world/americas/panama-lawmakers-pass-bill-regulate-use-crypto-assets-2022-04-28/] , Panama's National Assembly nearly unanimously adopted a measure to regulate the usage and sale of crypto assets in a country already recognized for its offshore financial services center. The law cleared the assembly on Thursday with 38 votes

Cryptocurrency use in the United States is expected to increase by 70% in 2022.

Cryptocurrency use in the United States is expected to increase by 70% in 2022.

Cryptocurrency adoption will increase in 2022, with new ways to use digital assets for regular purchases. According to the most recent statistics from Insider Intelligence, 3.6 million Americans (10.7 percent of all crypto owners) plan to utilize bitcoin for payment this year. According to Insider Intelligence, the usage

Binance refutes allegations it shared user sensitive information with Russian intelligence.

Binance refutes allegations it shared user sensitive information with Russian intelligence.

Binance, a major cryptocurrency exchange, denied that one of its regional directors agreed to send over client data to Russia's financial intelligence agency in return for payments to anti-corruption and anti-Putin activist Alexei Navalny. According to Reuters [https://www.reuters.com/technology/how-crypto-giant-binance-built-ties-russian-fsb-linked-agency-2022-04-22/] the Binance's head

Stripe will begin accepting USDC Stablecoin payments via Polygon - Starting With Twitter

Stripe will begin accepting USDC Stablecoin payments via Polygon - Starting With Twitter

Stripe, one of the biggest payments firm, has announced that crypto payments in USD Coin (USDC) are now available, and Twitter authors will be the first to use the service. The online payments giant announced on Friday that it will begin providing merchants the option of making cryptocurrency payouts using

Three Ethereum addresses possibly related to North Korea have been sanctioned by the US Treasury Department.

Three Ethereum addresses possibly related to North Korea have been sanctioned by the US Treasury Department.

The Treasury Department's Office of Foreign Assets Control, or OFAC, added three Ethereum addresses to North Korea's Lazarus Group's Specially Designated Nationals restrictions in a Friday update. The group has been targeted by US authorities, including the Federal Bureau of Investigation and the Cybersecurity

Bahamian citizens will be able to pay taxes using digital assets.

Bahamian citizens will be able to pay taxes using digital assets.

Residents of the Bahamas' archipelago nation may soon be able to pay taxes using digital assets such as the world's first central bank digital currency, or CBDC. The Bahamas' Office of the Prime Minister stated in a white paper on the future of digital assets issued

Tron to Launch Decentralized algorithmic stablecoin "USDD" in May

Tron to Launch Decentralized algorithmic stablecoin "USDD" in May

From May 5, Tron will have its own native stablecoin named USDD, according to Tron founder Justin Sun. Traditional stablecoins, such as Tether (USDT) and Circle's USD Coin (USDC), rely on the backing of dollars (and other assets) in bank accounts. Instead, like TerraUSD (UST) and Frax Finance,

After the EU imposed crypto sanctions, Binance has limited its services in Russia.

After the EU imposed crypto sanctions, Binance has limited its services in Russia.

In reaction to the European Union's fifth package of sanctions against Russia, Binance, the world's largest cryptocurrency exchange by volume, has imposed significant restrictions on Russian users. Binance imposed additional restrictions on Russian nationals and residents on Thursday, prohibiting them from trading if their funds above

Framework Ventures has announced the launch of a $400 million fund focused on blockchain gaming.

Framework Ventures has announced the launch of a $400 million fund focused on blockchain gaming.

Framework Ventures, a crypto-focused venture company with about $1.4 billion in assets under management, has successfully raised $400 million for its "FVIII" cryptocurrency fund, which is focused on early-stage entrepreneurs and projects in the field. The fund will assist a variety of Web3 and decentralized finance startups.

Kevin O’Leary-Backed company WonderFi, plans to buy the Second Canadian Crypto Exchange "Coinberry" for $31 million.

Kevin O’Leary-Backed company WonderFi, plans to buy the Second Canadian Crypto Exchange "Coinberry" for $31 million.

WonderFi Technologies, a Vancouver-based technology company that gives DeFi access to financial services, is said to be preparing a $30 million acquisition of cryptocurrency exchange Coinberry. Because WonderFi already owns Bitbuy, the merger will combine two of Canada's six digital asset exchanges under one roof if it goes

Stablecoin protocol "Beanstalk" based on Ethereum loses more than $70 million as a result of a vulnerability

Stablecoin protocol "Beanstalk" based on Ethereum loses more than $70 million as a result of a vulnerability

Less than a month after the $625 million Axie Infinity attack, the DeFi sector may be facing a new vulnerability. The hacker made off with more than $70 million in crypto. The remaining assets were taken in the form of drained liquidity linked to the protocol's governance token.

Opera Crypto Browser has been released for Iphones and Ipads

Opera Crypto Browser has been released for Iphones and Ipads

Opera released the first version of its Crypto Browser in January, a web browser designed to be natively integrated with Web3, offering access to traditional Web2 sites as well as the ability to manage a digital wallet - with which to interact with Web3 sites - directly from a single

The SEC lawsuit is going'much better than I thought,' according to Ripple's CEO.

The SEC lawsuit is going'much better than I thought,' according to Ripple's CEO.

As the company's long legal battle with the US Securities and Exchange Commission nears a resolution, Ripple CEO Brad Garlinghouse is optimistic and growing more hopeful that the blockchain-based global payments company's long-running lawsuit with the Securities and Exchange Commission (SEC) will end in a win.

White Star Capital raises $120 million for the Web3 investment fund, backed by Ubisoft

White Star Capital raises $120 million for the Web3 investment fund, backed by Ubisoft

White Star Capital, a tech venture capital firm, has raised $120 million for its second Digital Asset Fund (DAF II), which will invest in crypto networks as well as early-stage blockchain and Web3 enterprises. The fund is principally supported by Ubisoft, the video game publisher, and will focus on decentralized

The city of Lugano will use cryptocurrencies to pay taxes

The city of Lugano will use cryptocurrencies to pay taxes

As part of new cooperation with stablecoin supplier Tether, the city of Lugano, the economic hub of southern Italian Switzerland, will use cryptocurrencies to pay taxes (USDT). Prior to Tether's tweet, Lugano's "Plan B" was presented in a live video on Thursday. Lugano'

eBay may soon add cryptocurrency payment options

eBay may soon add cryptocurrency payment options

In a recent interview, eBay CEO Jamie Iannone stated that the company may soon embrace crypto payments. The online marketplace is one of the oldest e-commerce platforms, and it is currently vying to become the platform of choice for Generation Z and Millennials. In an interview with The Street, the

Millions of dollars in bitcoins have been donated to support Ukrainian military groups

Millions of dollars in bitcoins have been donated to support Ukrainian military groups

Cryptocurrency prices have rebounded after the US government imposed harsh economic penalties in response to Russia's invasion of Ukraine. The news of the invasion first sent Bitcoin and other cryptocurrencies plunging, but among all the dread and gloom, there are suddenly voices of optimism in the crypto world.