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Stablecoin
Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale
The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.
Erik Voorhees on Corporations Transitioning Into DAOs
Christine Lee speaks to ShapeShift founder Erik Voorhees at ETHDenver 2022 for updates on ShapeShift dissolving its corporate entity into a DAO, comments on Canadian trucker protests as well as reactions to the Senate Banking Committee stablecoin hearings.
Frax Finance Is Preparing to Airdrop a CPI-Linked Stablecoin
An algorithmic stablecoin tied to U.S. consumer prices will be given to holders of cvxFXS, veFXS stakers, participants in the FXS liquidity pool and tFXS stakers.
Should Government Be in the Business of Issuing Stablecoin Insurance?
U.S. Representative Josh Gottheimer (D-N.J.) has introduced a bill that would establish government-backed insurance for stablecoins. “The Hash” crew discusses the potential consequences of the bill and how it could eliminate competitors in the industry.
Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch
The lender recently bought Meta’s stablecoin tech and assets.
Bitfinex Hack Laundering Suspects to Testify Before DC District Court
The Washington D.C. court convenes today for a hearing with Ilya Lichtenstein and Heather Morgan, two suspects arrested on allegations they conspired to launder $3.6 billion in bitcoin from the 2016 hack of crypto exchange Bitfinex. CoinDesk's Nikhilesh De discusses the details released so far and the possible outcomes. Plus, stablecoin hearings continue.
Blockchain Firm Millicent Wins UK Government Funding to Develop CBDC
London-based blockchain-powered firm Millicent has won a prestigious research grant from the U.K. government to develop a central bank digital currency (CBDC). Kene Ezeji-Okoye, co-founder and president of Millicent, shares his insights into the firm's latest projects, including creating regulator complaint stablecoins and a "highly secure blockchain." Plus, addressing privacy concerns of a potential digital pound.
Bithumb Goes for Olympic Gold; India Crypto Tax Questions
Japanese megabank to take advantage of stablecoin law. Korea’s Bithumb gets in on Winter Olympics action. Lack of clarity clouds India crypto tax. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Stablecoin Regulation Takes Center Stage at House Hearing Tuesday
The House Financial Services Committee is meeting to discuss stablecoin regulation Tuesday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we can expect.
Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report
ZPG coin will also be used for digital payments, Nikkei Asia reported.
