Cryptocurrency Analysis and News Portal
Centralized payment companies such as Visa, Mastercard and PayPal will need to adapt if they are to survive the potential demand for blockchain-based stablecoin payments, according to research firm Gartner.In a Thursday blog post, Gartner notes that, while new bitcoin offerings from such firms are helping to prepare the transition
Read More
Sber, Russia’s largest retail bank, has applied for a license with the country’s central bank to issue its own digital token for corporate clients. The digital asset will be available for the companies banking with Sber, which have been expressing interest for blockchain-based deals for some time, a spokesperson from
Read More
Sberbank, the largest state-owned bank in Russia, has reportedly filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin.Sergey Popov, director of the transaction business at Sberbank, announced the news on Jan. 21 at a local financial event Russian news agency Interfax reports.At
Read More
Bitcoin (BTC) was higher, pushing back toward $40,000 after a 9.9% surge on Wednesday, the biggest calendar-day gain in a month. Such a powerful recovery after a steep sell-off earlier in the week has quickly reinvigorated trader spirits. “This bubble doesn’t look set to burst,” said Don Guo, CEO of Broctagon
Read More
Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million.Starting now, users can once again exchange USDC, USDT and DAI for OUSD.As CryptoX reported in September, the smart contract powering OUSD was not yet audited. OUSD allowed users to deposit the most popular
Read More
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities. Source
Read More
While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for the future of stablecoins: the fate of Dynamic Set Dollar. Dynamic Set Dollar
Read More
A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year, stablecoins were the main topic of a Dec. 23 statement the President’s Working Group on Financial Markets, or PWG. The PWG includes representation from the Treasury,
Read More
The chief economist of the Office of the Comptroller of the Currency (OCC), a banking regulator within the U.S. Treasury, believes issuing national bank charters to “fintech shadow banks” could bring “substantial advantages.”In a paper titled “Chartering the FinTech Future,” Charles Calomiris set out how stablecoin providers chartered as
Read More
A euro stablecoin is being issued by one of the oldest banks in the world and it’s being done on the Stellar blockchain network.Announced Wednesday, Germany’s Bankhaus von der Heydt (BVDH), established in 1754, is working with tokenization and digital asset custody technology provider Bitbond for the first direct issuance
Read More