The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
CoinGeek's Chief Bitcoin Historian Kurt Wuckert Jr. recently joined Rob Kientz on Gold Silver Pros to talk about Bitcoin, the digital currency markets, regulations, stablecoins, and much more.
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
Day 2 of the BSV Global Blockchain Convention featured a panel that tackled “The Future of Digital Exchanges & Investment” and was moderated by BSV Blockchain Association's Marcin Zarakowski
A recent article detailed the situation surrounding the crash of UST and Terra and described it as a "black swan" event that wiped out over $42 billion of investors' money.
Henslee emphasized that he doesn't have any confirmed information that HandCash is integrating USDC, but they said they would announce something at the BSV Global Blockchain Convention.
On a special episode of the CoinGeek Weekly Livestream, host Kurt Wuckert Jr. was joined by Gareth Soloway, a veteran trader with over two decades’ worth of experience.
An algorithmic stablecoin lost its peg to the U.S. dollar, and as a result, it caused the algorithm to print mass amounts of LUNA token, causing it to crater from $100+ to pennies overnight.
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
Bitcoin developer Joshua Henslee released a new video talking about one of the most dramatic events in the digital currency industry in recent times: the collapse of the UST stablecoin.
The prices of inter-linked LUNA and UST tokens on the popular Terra network tanked this week, causing leading exchanges, including Binance, to suspend transactions in those assets.