Key Takeaways The Central Bank of the United Arab Emirates (CBUAE) has approved the issuance of a new system to oversee and license stablecoins. As per reports, the meeting chaired by UAE vice president and CBUAE chairman Sheikh Mansour bin…
Key Takeaways Leading crypto exchange Binance is making significant changes to its platform in a bid to comply with the Markets in Crypto-Assets (MiCA) framework. The deadline for complying with the MiCA provisions is Dec. 30, 2024, although clauses related…
Key Takeaways Cryptocurrency exchange Kraken has stated that it has no plans” to delist Tether (USDT) in Europe . This development comes amid reports surfacing that the firm was “actively reviewing” the decision to remain legally compliant with MiCA. Mark…
The national stablecoin of the Philippines is pegged 1:1 to the local peso and will undergo supervised trials by the central bank.
Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
The announcement made by Hong Kong's ZA Bank that it will provide specific banking services for stablecoin producers is expected to hasten the local adoption of Web3.
Key Takeaways Nick van Eck, son of Jan van Eck, the CEO of VanEck, a prominent $90 billion asset management firm, is set to launch a new stablecoin named Agora digital dollar (AUSD). The initiative follows a successful $12 million…
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
US Senator Cynthia Lummis is drafting legislation on stablecoins, a kind of cryptocurrency whose value is based on real-world assets to maintain price stability.
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