Those of you who track the crypto market know that, over the past several months, it has generally been tracking the stock market. There was a huge issue with $UST a week ago and, since then, a class of cryptocurrency known as stablecoins has been on everyone's radar. Continue Reading →
Stablecoins
Posts about Stablecoins.
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In case you were worried, at a hearing on the Financial Stability Oversight Council’s Annual Report to Congress, United States Treasury Secretary Janet Yellen hinted that the stablecoin market is not big enough to present a threat to our financial stability. Continue Reading →
Online payments processor Stripe will allow businesses – beginning with Twitter – to start paying customers in USDC, a stablecoin whose value is tied to the U.S. dollar. Continue Reading →
According to the WSJ, the Financial Accounting Standards Board (FASB) doesn’t have plans to review accounting or disclosure for NFTs. Instead, it will conduct research on how to account for and disclose digital assets that don’t carry ownership rights, such as cryptocurrencies. Continue Reading →
The EU Parliament’s committee on economic and monetary affairs voted on Monday to move forward with a legislative framework for regulating digital assets. Continue Reading →
Part of the power and promise of Web 3.0 is the concept of decentralization, the ability to transact without the need for a central authority or an intermediary such as a bank or centralized exchange. While the idea of decentralization is quite easy to understand, the devil is in the details. Continue Reading →
President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →
Should crypto exchanges freeze Russian accounts? Continue Reading →
First, my heart goes out to the people of the Ukraine and to the innocent victims of Russia's brutal attack. The people of Ukraine are fighting for their lives. Hopefully, the international community will figure out a way to get Russia to stand down. Continue Reading →
Silvergate Exchange Network (a subsidiary of Silvergate Capital) confirmed it was buying assets and intellectual property from Mark Zuckerberg's Diem Group and hopes to launch a stablecoin by the end of the year. Continue Reading →