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Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative.
JPMorgan, the US bank whose CEO Jamie Dimon once called Bitcoin a scam and held a bearish stance for the cryptocurrency market, today announced the launch of its stablecoin and blockchain protocol after years in the development.
In a fundamentally important development for the cryptocurrency industry, the US Office of the Comptroller of the Currency (OCC) said today that national banks and federal savings associations are legally allowed to hold the currency “reserves” that back stablecoins.
Tether, the company behind the USDT stablecoin, has announced that it has launched its coin on Solana, a blockchain platform that aims to compete with Ethereum.
After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address.
A new report jointly-published by eToro and The TIE laid out their research on the cryptocurrency landscape for Q2 of 2020.
The stablecoin sector has been seeing tremendous growth throughout the past year.
The Japanese government confirmed yesterday it will assess and develop a digital currency in the coming months.
Throughout the crypto market’s consolidation phase, the total supply of circulating stablecoins has been on the rise.
Ethereum is by far the leader in the smart contract blockchain space.
The East Asian superpowers are battling it out, this time with blockchain and digital currencies as a focus.
China’s digital currency aspirations are both unprecedented and unparalleled.
Long touted as an alternative to fiat currencies without the volatility of digital assets like Bitcoin, stablecoins and related companies mushroomed in late-2018; with a lot of projects even getting venture funded.
While ETH prices have remained in the proverbial dumps, the underlying Ethereum blockchain has seen a flurry of activity and development of recent months.
Days after rebranding the Calibra wallet to Novi, Facebook founder Mark Zuckerberg explained to shareholders how Libra, the firm’s upcoming digital currency, can help bolster revenues from advertising.
China’s digital currency, the DCEP, is currently in the advanced testing phase, with leaked images showing that the China Construction Bank already runs the alpha version of its DCEP app.
With Bitcoin seemingly finding a local top, all eyes in the crypto space have migrated to stablecoins, digital assets tied to and backed by a “stable” reserve asset.
Ethereum has seen tremendous growth throughout the past several years, onboarding a significant amount of noteworthy decentralized applications to its blockchain while also enabling the growth of a billion-dollar DeFi ecosystem.