Tether’s Market Cap to Rival Ethereum in 2021: Report

Bloomberg’s Crypto Outlook report predicts Tether rivaling ethereum’s market capitalization by the end of 2021, while saying the price of BTC could rise to $100K by 2025.

G7 to Oppose Libra Launch Until Properly Regulated

Financial leaders of the world’s seven biggest economies are set to reveal they will oppose the launch of Facebook’s Libra cryptocurrency project until it’s properly regulated, according to a draft G7 statement. The draft, Reuters reports, was prepared for a meeting of financial ministers and central bankers from the United States, Japan, Germany, France, Canada, […]

European Central Bank Tells EU to Prepare for Digital Euro

European Central Bank executive board member Fabio Panetta says the EU must begin preparing for the development of a digital Euro to compliment physical cash.

Binance Announces Decentralized Stablecoin Marketplace Venus

Cryptocurrency exchange Binance has announced the launch of new DeFi stablecoin platform Venus utilizing the Smart Chain network.

Everyone Will Use China’s Digital Currency, Says Bitcoin and Ether Startup Investor

Cryptocurrency pioneer Chandler Guo says “one day everyone in the world” will use China’s state-backed digital yuan.

Stablecoins Surpass $20 Billion in Market Cap as Demand Keeps Rising

The total value of stablecoins in the cryptocurrency space is now above $20 billion as demand for cryptocurrencies pegged 1:1 with national fiat currencies – mainly the U.S. dollar – keeps on growing. According to data from Coin Metrics, the total value of stablecoins surpassed $20 billion this Thursday, September 24, little over four months […]

Tether’s Market Cap Surpasses $15 Billion After Growing by $3 Billion in a Single Month

The total market capitalization of Tether’s USDT stablecoin has grown by $3 billion in a single month, to help the stablecoin further cement its position as the number three crypto by market cap, at $15 billion. Tether celebrated the milestone on Twitter by pointing out its growth over the last 30 days and its position […]

Bahamas Set to Launch Sand Dollar Digital Currency Next Month: Bloomberg

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

CENTRE Consortium Unveils Major Update for ERC-20 Stablecoin USD Coin (USDC)

On Thursday (August 27), CENTRE Consortium, announced that USD Coin (USDC), “the fastest growing, fully reserved digital dollar stablecoin”, which currently has a market cap of over $1.4 billion, had received a major update. The CENTRE Consortium, which was co-founded by Coinbase and Circle in October 2018 as “a joint venture aimed at establishing a […]

Tether’s USDT Surpasses Bitcoin and PayPal’s Average Daily Transfer Value

Tether’s USDT stablecoin has seen its 7-day average daily transfer value surpass that of the flagship cryptocurrency bitcoin and PayPal, according to new research. A report published by CoinMetrics details that after “months of rapid growth” Tether’s 7-day average adjusted transfer value flipped bitcoin’s. The stablecoin’s average transfer value surpassed $3.5 billion on August 20, […]

Ripple Exec: XRP Does Not Compete With Stablecoins or CBDCs

Ripple Senior Director of Global Operations Emi Yoshikawa claims that XRP does not compete with stablecoins and central bank currencies and instead provides synergy through solving liquidity issues. Raises Interest Rate on Crypto Deposits To up To 12%

Cryptocurrency wallet provider, well-known for its bitcoin and bitcoin cash block explorer and related data tools, has raised the interest rate it pays on cryptocurrency deposits for its users. According to an announcement the firm published on Twitter, it is now paying users up to 12% in stablecoins deposits for PAX and USDT, up […]

Peter Brandt Criticizes Tether For Being ‘Another Fiat Currency’

Popular crypto trader and chart analyst Peter Brandt called Tether “another fiat currency” and said USDT’s influence over the market was an “accident waiting to happen.”

Coinbase to Start Paying DAI Holders 2% Interest a Year

San Francisco-based cryptocurrency exchange Coinbase has started rewarding users who hold MakerDAO’s DAI stablecoin in their accounts with a 2% yield per year, with the rate being subject to change.  According to an announcement the cryptocurrency exchange published, the program applies to customers in the U.S., U.K., France, Australia, Spain, and the Netherlands. Coinbase was […]

Czech National Bank Board Member Criticizes CBDCs as Helicopter Money

A Czech National Bank board member has criticized the use of central bank digital currencies (CBDCs) for raising more questions than answers and being another version of “helicopter money.”

Tether’s Market Cap Surpasses $10 Billion, Cementing Its Position as Third-Largest Crypto

The market cap of Tether’s USDt stablecoin has surpassed the $10 billion mark, cementing the stablecoin’s position as the third-largest cryptocurrency by market capitalization.

Japan Serious About Issuing a Central Bank Digital Currency: Report

The government and Bank of Japan are seriously considering issuing a central bank digital currency to replace the current yen, including a potential partnership with the U.S. and European countries. 

Tether Has Backlisted a Total of 39 Ethereum Addresses Holding USDt

Ther, the issuer of the leading stablecoin USDt, has already blacklisted 39 Ethereum addresses holding the stablecoin since November 2017.

CENTRE Blacklists USDC Address in Response to Law Enforcement Request

The organization that issues the dollar-pegged USDC stablecoin on the Ethereum blockchain, the CENTRE Consortium, has backlisted an address with $100,000 worth of USDC tokens in it in response to a law enforcement request.

How the Fed’s Interest Rate Cap Could Drive More Users to Crypto

Earlier this month the Federal Open Market Committee (FOMC) in the U.S. revealed it was leaving interest rates unchanged, and implied it could keep them there into 2022 in an attempt to help the economy recover from the coronavirus-induced recession.

Bank of Canada Reveals Plans for Digital Currency in New Job Posting

The Bank of Canada has revealed its plans for a central bank digital currency (CBDC) in a job posting for the protocol’s Project Manager. 

Coinbase Cuts Interest users Earn on USDC Stablecoin by 88%

San Francisco-based cryptocurrency exchange Coinbase has cut the interest users can earn on the USDC stablecoin with the platform by 88%, from a 1.25% APY to 0.15%, according to an email the firm shared.

Most of Tether is Used on Centralized Exchanges for Arbitrage, Report

Blockchain analytics firm Flipside Crypto claims the majority of Tether is used for arbitrage on centralized exchanges. 

Wrapped Bitcoin Has Exploded Since Entering MakerDAO’s System

Wrapped Bitcoin is going through the roof, and the likely explanation is its new utility on the MakerDAO platform. WBTC can now be used to mint DAI, the decentralized stablecoin.

Justin Suns Stablecoin-Governance Coin JST Sells Out In Minutes

A new stablecoin system built on the TRON blockchain is gearing up to launch, and Justin Sun has completed both seed and public sales of the new JST CDP token. Spoiler: it’s a lot like MakerDAO.

Stablecoin Issuances Does Not Push Bitcoins Price Up, Study Finds

Research conducted by the University of California Berkeley’s Haas Blockchain Initiative has found that stablecoin issuances do not push up the price of bitcoin or of other cryptocurrencies. In a report, Richard Lyons, U.C. Berkley’s chief innovation and entrepreneurship officer, and Garnish Viswanath-Natraj, assistant professor of finance at the Warwick Business School, revealed they found […]

Crypto Rating Council Evaluates Three New Cryptocurrencies as Securities

The Crypto Rating Council, a collection of US-based crypto firms that promotes regulation in the industry, has released ratings for IOTA, Basic Attention Token and USDCoin. 

Users Post Haunting Coronavirus Photos in Response to John McAfee’s $500 in DAI Offer

Users submitted haunting photos of vacant cities in response to John McAfee’s $500 DAI reward for images that encapsulate the ongoing coronavirus pandemic. 

Bitcoin Trading Into USDt Nearly Tripled in March, CryptoCompare Data Shows

Bitcoin trading into USDT nearly tripled in March as the crypto markets underwent a large amount of volatility.

Coinbase Invests 1.1 Million USDC in DeFi Platforms Uniswap, PoolTogether

San Francisco-based cryptocurrency exchange Coinbase has invested 1.1 million USDC into decentralized finance protocols Uniswap and PoolTogether.

Tether’s Market Cap Surpasses $6 Billion; Sign of Investors Awaiting Market Recovery?

The market cap of Tether’s USDT stablecoin has surpassed the $6 billion mark as investors are holding onto stablecoins while waiting for the market to recover.

Gold-Backed Stablecoins in High Demand Amidst Economic Crisis

Demand for gold-backed stablecoins has reached an all-time high amidst the economic crisis generated by the coronavirus pandemic. 

Binance.US CEO: US Gov. Should Use Stablecoin for Coronavirus Payments

BInance.US CEO Catherine Coley says the US government should use a stablecoin to issue emergency coronavirus payments. 

Market Cap of CENTRE Consortiums USDC Stablecoin Surpasses $600 Million

The market capitalization of the USDC stablecoin, which was created by the open-source technology project founded by Coinbase and Circle, the CENTRE Consortium, has surpassed $600 million.

Maker Adds USDC Stablecoin as Collateral to Improve DAI Borrowing

The largest project in the decentralized finance (DeFi) space, Maker, has approved adding Circle’s USDC stablecoin as a new collateral asset in the Maker Protocol, amid an ongoing liquidity crisis.

Bitfinex CTO Explains How Exchange Profits From Tether USDt

Bitfinex chief technology officer Paolo Ardoino explained in a recent interview how the exchange profits from its relationship with Tether’s stablecoin USDT. 

Bank of England Considering Launching Digital Currency as Cash Usage Plummets

The Bank of England has published discussion papers debating the launch of a digital currency as cash usage in the country plummets compared to debit cards and payment apps. 

‘We Want Tether to be the Leading Stablecoin in the DeFi Space’ Says CTO Paolo Ardoino

Paolo Ardoino, CTO of Tether, has revealed during CryptoCompare’s Digital Asset Summit today that Tether is looking to lead the stablecoin presence in the decentralized finance space.

Marshall Islands Partnering with Algorand to Launch Worlds First National Digital Currency

The Marshall Islands has partnered with SFB Technologies and Algorand to launch the world’s first national digital currency.

Cryptocurrencies Could Dry up Bank Lending, Bank of England Deputy Governor Warns

Sir Jon Cunliffe, a Bank of England Deputy Governor, has warned that cryptocurrencies could dry up the supply of credit through the banking system, which could have “profound economic consequences.”

Akon Launching Token on Stellars Blockchain

Akon’s Akoin project has announced that the token will build its network on the Stellar blockchain.

Bitfinex Repaid $100 Million to Tether on Oustanding Loan

Cryptocurrency exchange Bitfinex claims to have repaid an additional $100 million of its $700 million outstanding loan to stablecoin maker Tether. 

Bitfinex CTO to Go into Tether’s Story at CryptoCompare’s Digital Asset Summit

Paolo Ardoino, the CTO of crypto exchange Bitfinex and stablecoin issuer Tether, is set to go into the story of the latter in an industry-first keynote at the CryptoCompare Digital Asset Summit.

Former CFTC Chair Giancarlo Calls for Digital Dollar

Former CFTC Chairman Giancarlo has called upon the Federal Reserve to launch a digital currency in order to keep up with the likes of China. 

Bahamas Digital Sand Dollar Expanding to All Islands in Q2 2020

The governor of the central bank of the Bahamas has confirmed that the country’s digital currency test pilot will be expanded to all of the islands in Q2 2020. 

Tether Starts Using Chainalysis Compliance Tool to Track Suspicious Transactions

Tether, the company behind the popular USDT stablecoin, has started using a compliance tool created by blockchain analysis firm Chainalysis to track suspicious transactions and to “quickly understand the risk profile of each token holder.”

Stablecoin Tether Launches on Algorand 2.0 Blockchain Platform

On Monday (February 10), Tether announced that the world’s most popular stablecoin had gone live on the Algorand 2.0 platform.

Facebook-led Libra Association Not Discouraged by Early Setbacks

In a recent interview in Davos, Switzerland, Dante A. Disparte, the Vice Chair of the Libra Association, explained why his organization was not discouraged by the setbacks it has had since the Libra project was officially announced last June.

Over 40 German Banks Charge Negative Interest Rates as DeFi Yields Hit 8%

At least 41 banks in Germany are now charging negative interest rates on deposits, at a time in which decentralized finance (DeFi) apps can yield 8% a year on users’ savings.

Bank of Lithuania Exploring Digital Currencies

The Bank of Lithuania is exploring digital currencies and weighing the cost-benefit of shifting their financial system. 

Japans Central Bank Preparing for Reality of Digital Yen

An official for the Bank of Japan says they are preparing for a digital currency in the event that demand increases. 

Pornhub Adds USDT to Its Payment Options Using the TRON Blockchain

Adult entertainment website Pornhub has added Tether’s USDT stablecoin to its payout options for models, months after PayPal abruptly cut off the platform’s services.

Binance Invests in Company Behind Worlds First KRW-Backed Stablecoin

On Wednesday (January 15), Binance announced that it had invested in BxB, the FinTech startup behind KRWb, the world’s first fully-collateralized South Korean won (KRW) backed stablecoin.

Billion Dollar Asset Manager WisdomTree Planning Stablecoin Launch

Asset manager WisdomTree, which oversees more than $63 billion, is planning to launch a new stablecoin in the United States which will be backed by a basket of assets and currencies. 

European Central Bank Shouldnt Discourage Private Stablecoins, President Says

European Central Bank president Christina Lagarde has in a recent interview addressed a number of financial topics, including private stablecoins and the ECB’s plans to potentially launch its own cryptocurrency.

Chinas Digital Currency Making Smooth Progress Despite No Official Launch Date

China’s central bank has reportedly made “smooth progress” on the development of its sovereign digital currency despite no official launch date being made. 

Tethers USDT Still Dominates Stablecoins Trading Volume, Report Finds

A report from CryptoCompare demonstrated that Tether is still the most widely used stablecoin, being used far more than any other. According to the report that analyzed all the figures for November, 79.65% of all the Bitcoins being traded for fiat or stablecoins were traded in the BTC/USDT pair. 

USDT on TRON’s Network Reaches 900 Million Tokens, According for 22% of Its Total

TRON-based USDT is over 900 million tokens, accounting for nearly 22 percent of the total supply of Tether. 

Maker Foundation Moves Trademarks, Software IP to New Independent Foundation

The non-profit organization behind the MakerDAO, the Maker Foundation, has announced it’s transferring the trademarks for both Maker and the Dai stablecoin to a Dernmark-based independent foundation.

Facebooks Libra Has Already Failed, Says Switzerland’s President

Swiss President Ueli Maurer said in an interview that the current iteration of Facebook’s digital currency Libra has already failed because it is not backed by central bank currencies.