Cryptocoins News / CoinJournal - 3 years ago
Key takeaways
CFTC chair Rostin Behnam believes that stablecoins and Ether are going to be commodities.
The CFTC has always maintained that Bitcoin, Ether, and other cryptocurrencies are commodities.
Behnam has called for a proper regulatory fr...
Bitcoin News / Bitcoinist - 3 years ago
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has once again reaffirmed the agencyโs position that stablecoins should be classified as commodities and placed under its jurisdiction.ย
At a Senate Agricultural Committe...
Cryptocoins News / The Cointelegraph โ - 3 years ago
The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of the U.S. dollar, which require banking services. While United Stat...
Cryptocoins News / The Cointelegraph โ - 3 years ago
In the tug-of-war between the United States regulators over control of crypto assets, the Commodity Futures Trading Commission chair has tripled-down on his stance that Ether and stablec...
Cryptocoins News / Blockchain - 3 years ago
Binance, the largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins such as TrueUSD (TUSD) and decentralized stablecoins, following a regulatory action against its native stablecoin, Binance USD (BUSD), by the US Sec...
Cryptocoins News / The Cointelegraph โ - 3 years ago
The Digital Euro Association sees automated micropayments as a way for Europe to maintain its digital competitiveness, once regulations are in place. Europe could lead...
Cryptocoins News / The Cointelegraph โ - 3 years ago
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model. The Frax community recently approved a proposal to make its FEI stablecoin fully backe...
Cryptocoins News / EthereumWorldNews - 3 years ago
Summary:
Babel Finance plans to repay creditors with a two-prong approach – a decentralized finance platform and a crypto-backed stablecoin token. The troubled crypto lender could soon move to keep creditors at bay by filing a six-month mo...
Cryptocoins News / The Cointelegraph โ - 3 years ago
The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins. Binance has turned to a new set of stablecoins in t...
Bitcoin News / Bitcoin.com - 3 years ago
The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supp...
Cryptocoins News / The Cointelegraph โ - 3 years ago
The worldโs second most widely held reserve currency seems to be underrepresented in the stablecoin space. Stablecoins are a type of cryptocurrency offering investors...
Cryptocoins News / Finance Magnates - 3 years ago
<p>Stablecoins
have emerged as a new type of cryptocurrency in recent years, aiming to provide
stability in the volatile world of cryptocurrency. While cryptocurrencies, such
as Bitcoin and Ethereum are notorious for their price volatility, sta...
by COINS NEWS - 3 years ago
Cuy Sheffield, Head of Crypto at Visa, shared some interesting insights on stablecoin adoption in retail payment use cases. He used on-chain data and created a base-level proxy for payments by assigning a <$200 value heuristic to the on-chai...
Cryptocoins News / The Cointelegraph โ - 3 years ago
Stablecoins are facing the wrath of regulators amid doubts over reserves and contagion fears. Could a bank run lead to a major depegging? Stablecoins are entering a pe...