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The flipside of stablecoins The flipside of stablecoins The central bank banned privately developed baht-based stablecoins, yet indicated interest in developing its own coin in the future published : 19 Apr 2021 at 04:30 2 Stablecoins are a new class of cryptocurrencies pegged to traditional financial assets such as fiat currencies, offering crypto traders safe harbour in a market characterised by volatility. Thailand knows the risks of pegging ...

The US regulatory authorities have received several applications for the issuance of Bitcoin ETF application.

Aave (AAVE) has advanced from $84 above $550 since the beginning of January, and the current price stands around $350. Aave was one of the best performers on the cryptocurrency market in the last several weeks, and as long the price is above $300, it remains in a buy zone. Fundamental analysis: Decentralized finance (DeFi) […]

Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online, but theres truth to it. Subscribe to The Block to Unlock this Feature

UKs finance ministry opens consultation on regulating crypto and stablecoins Download PDF / Print The Treasury wants to regulate the crypto space like traditional payment services. The consultation is open until March 21. Her Majestys (HM) Treasury, the U.K.s finance ministry, has opened a consultation on regulating crypto-assets and stablecoins to support innovation and protect consumers. The Treasury said the rise of crypto and stablecoins could pose similar financial stability and consumer r...

An array of fund issuers and investment firms have tried to bring bitcoin exchange traded funds to market, and each and every one of those proposals was turned back by the Securities and Exchange Commission.  What Happened: Some issuers arent giving up. VanEck, which previously attempted to bring a bitcoin ETF to market, filed plans with the SEC for the VanEck Bitcoin Trust. If the fund comes to life, and that is a big "if" for now, it would trade on the CBOE. “The Trust’s investment obj...

Quick Take Wirex will not include XRP in a US version of the app when it launches in January. Ziglu has decided to suspend XRP trading as of January 12 A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP. Subscribe to The Block to Unlock this Feature

Reading Time: 2 minutes by Dalmas Ngetich on December 24, 2020&nbspEthereum The cumulative transactional volume of all stablecoins across different blockchains have surpassed the $1 trillion mark in 2020 alone, USDT and Ethereum Command Market Share Out of this, the USDT issued by Tether Limited is the most dominant with a market share of 73 percent followed by USDC and DAI with a market share of 15 and seven percent, respectively. However, Ethereum has a commanding lead as a dominant chain w...

December 23, 2020, 10:14PM EST  ·  3 min read The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun cutting services tied to XRP, which Ripple has tried for years to get banks to adopt. The suit was released just a day before SEC chairm...

December 23, 2020, 5:30PM EST  ·  1 min read The White House has released a statement on regulatory considerations for stablecoins — and it includes the potential for limitations on "multi-currency stablecoins." The statement comes from the Presidents Working Group on Financial Markets, which is a Treasury-centric working group that makes recommendations to the president and federal regulators.  The group highlighted the importance of anti-money laundering and counter financial terrorism...