The Federal Reserve is set for a major shakeup with Michelle Bowman’s nomination as Vice Chair for Supervision, potentially signaling a shift towards more open crypto regulations. Her […]
Congress Weighs In: Stablecoin Regulation Takes Center Stage
The U.S. House of Representatives Financial Services Committee has initiated a series of discussions concerning the potential regulation of stablecoins. This bill, aiming to introduce new rules for […]
House Committee Debates New Stablecoin Regulations
The U.S. House Financial Services Committee recently held extensive hearings on a proposed bill aimed at regulating stablecoins. This move seeks to establish new guidelines for an industry […]
Stablecoin Launch Looms: Market Chaos and Major Bank Invests in Avalanche
Recent bills addressing stablecoins and market structure, if passed, could propel tech giants into the crypto sphere, potentially threatening traditional banks. Ripple recently released a record-breaking 50 million […]
Wintermute Capitalizes on FDUSD Depeg for Profit
Crypto market maker Wintermute took advantage of the recent FDUSD depeg, transferring $75 million worth of the token to First Digital Labs shortly after its price dropped below […]
Binance Addresses FDUSD Reserve Concerns After Insolvency Accusations
Following a brief de-pegging incident related to First Digital USD (FDUSD), Binance has provided clarity regarding the reserve attestation for this stablecoin. In a recent blog post on […]
Tron’s Price Rally and Tether’s $1 Billion Mint Spark Interest in Promising Projects Like Ruvi AI
TRX, the native cryptocurrency of Tron, has experienced a significant price surge this week, reaching its highest point since 2023 at over $0.25 on Monday. The rise comes […]
Crypto Execs Call For Interest-Bearing Stablecoins
Some crypto executives are urging Congress to allow stablecoin issuers to pay interest on their tokens. This comes as lawmakers work on a bill to regulate these dollar-pegged […]
Itaú Unibanco Paves Way for Stablecoin Launch as Regulatory Landscape Evolves
Brazil’s largest bank by assets, Itaú Unibanco, is exploring the development of its own stablecoin. This move comes amid growing interest in blockchain technology and regulatory discussions surrounding […]
Justin Sun Reports $500M FDUSD Embezzlement Case in Hong Kong
Crypto industry figure Justin Sun has publicly accused First Digital Trust (FDT) of a massive $500 million embezzlement case involving stablecoin FDUSD. This shocking revelation, made on X […]
USDC Treasury Destroys Major Portion of its Reserves
A recent report by Whale Alert highlights the USDC Treasury’s significant action. The platform revealed that the Treasury destroyed over 50 million USDC tokens, worth roughly $50.04 million, […]
Ripple Incorporates Stablecoin into Cross-Border Payment System
Ripple has made a significant advancement in its mission to revolutionize global payments by integrating the $RLUSD stablecoin into its payment platform. This move aims to enhance enterprise […]
First Digital Files Lawsuit Against Justin Sun Over False Claims Regarding FDUSD
First Digital has announced plans to take legal action against Tron founder Justin Sun for making false claims about the stability of its USD-pegged stablecoin, FDUSD. After Sun’s […]
FDUSD Depegging Sparks Market Turmoil: Stability in Doubt
A sudden drop in the value of FDUSD, a USD-pegged stablecoin, triggered panic among investors and resulted in a 13% decline in its price. The incident saw Wintermute […]
Itaú Unibanco Considers Launching Stablecoin as Regulatory Landscape Evolves
Brazil’s leading bank, Itaú Unibanco, is weighing the creation of its own stablecoin, according to a report by Odaily. This potential move follows regulatory developments and a growing […]