Sweden pilots CBDC ahead of Europe
Sweden is finalizing the first phase of its central bank currency, the e-krona. However, the Riksbank is still in the pilot stage and feels it is necessary to continue its technological…
Stablecoin
Visa will settle transactions on the Ethereum blockchain
For the first time, Visa has processed a cryptocurrency (USDC) payment directly on the Ethereum blockchain. And this adoption by a multinational company is helping to drive up the price of BTC.…
Visa eyeing up stablecoins for its payments
Visa CEO Al Kelly is certain, the firm must be a player in cryptocurrencies, stablecoins and also Bitcoin. His goal: to enable the instant conversion of BTC into fiat currency and its use in…
The European Central Bank wants veto power over stablecoins
The European Central Bank wants a veto on any launch of global stablecoin in Europe, such as Facebook’s Diem. A way for it to make sure that a private currency does not alter its control of…
Bitfinex and Tether still in the eye of the storm
Tether and the Bitfinex platform have been under investigation in the United States for several months. This affair is taken very seriously by the cryptopshere given the notoriety of Tether.…
The UK embraces stablecoins
A consultation paper published yesterday by Her Majesty’s Treasury, a department of the British government, explores the scope of regulation applicable to stablecoins. The paper also highlights…
Is facebook’s cryptocurrency Libra back?
In the regulators’ sights, Libra could nevertheless make its debut as early as January 2021. The ambition would be less ambitious, however, with the launch of a stable corner backed only by the…
Yield farming & liquidity mining, main reasons behind DAIs market cap growth close to $1 billion
The rise and rise of DeFi have opened a box of wonders and yield farming is one such concept that has emerged successful along with DeFi. yield farming is closely related to a model called Automated…
USDC and DAI are grabbing top spots in DeFi while Tether still holds dominance
Tether has exceeded $16 billion in its market cap dominating the stablecoin circulation, but catching up with it are its rivals which are small in stature, but are no less in this huge DeFi space.…
USDC gets its official blockchain in the Stellar Network
The Centre Consortium has announced that the USDC coin will now be officially available on Stellar Blockchain. USDC is expected to be on Stellar in Q1 2021 and it will be the third blockchain with…
$USDT exchange withdrawals just reached a 5-month low according to Glassnode
Glassnode, the On-chain data analytics provider shared a new finding. This time it relates to USDT on-chain fundamentals. According to the new metrics, it shows that the users are withdrawing their…
Binance uncovers a new decentralized stablecoin system – Venus
A new decentralized stable coin system called Venus was recently revealed by the world’s leading cryptocurrency exchange – Binance. The system supposedly has been built on the Binance Smart…