Stablecoins
CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’ Claims
The U.S. regulator issued an order “simultaneously filing and settling charges against Tether,” the issuer of the crypto industry’s largest stablecoin.
Putin: Crypto Can’t Yet Replace Dollar in Settling Oil Trades
Reacting to Russian president Vladimir Putin saying he doesn’t think crypto can replace the U.S. dollar in settling oil trades yet, though he believes it has value. Merkle Science’s Mary Beth Buchanan discusses the implications for Russia potentially warming up to crypto.
Coinbase and Binance Move to Diversify, Stablecoins Under Scrutiny
Coinbase announces NFT platform. Binance launches US$1 billion growth fund. Stablecoins are under greater scrutiny. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Why G20's Financial Stability Board Says $133B Stablecoin Sector Remains Niche
A survey from the Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are currently not being used at a significant scale for mainstream payments. CoinDesk's Nikhilesh De discusses what the data reveals about stablecoins at large amid a global call for stricter crypto regulation.
Proposed Bank Jewel Wants to Become a Global Stablecoin Issuer, With Bermuda’s OK
The bank submitted an application for a combined banking and digital asset license earlier this year.
Declining Interest in Bitcoin-Margined Futures Promises Less Price Volatility
With volatility likely to subside, more mainstream money may flow into the market.
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale for payments at present.
What to Watch in Bitcoin This Week
Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.
Blockstream CIO on Tether, Stablecoins, Liquid Network
Reacting to a report claiming Tether loaned out billions of dollars to Celsius and other crypto firms using bitcoin as collateral, Samson Mow, chief investment officer at bitcoin infrastructure firm Blockstream, discusses the increasing regulatory scrutiny over stablecoins, adding it’s “recycled FUD about Tether.”