Stablecoins


Finance

Tether Sticks to Decision Not to Bar Tornado Cash Addresses

The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities.

No one knows exactly what the fallout from the Tornado Cash sanctions will look like. (Antonio Masiello/Getty Images)

Videos

Bullish Narrative on Ethereum Merge ‘Overheated’: Strategist

Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.

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Tech

Inside the $3B DeFi Exploit of Acala's Crypto Platform

The exploit of one of Acala's liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes.

(Pankaj Patel/Unsplash, modified by CoinDesk)

Videos

Biden Administration Can ‘Take Action’ on Stablecoins Right Now, Former CFTC Chair Says

Former CFTC Chairman and Harvard University Research Fellow Timothy Massad proposes a federal framework for the issuance of stablecoins without new action from Congress. He explains how the “Biden Administration can still take action if we can’t get legislation real fast.”

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Markets

Morgan Stanley Says Tightening in the Crypto Market Has Paused

While the market cap of stablecoins, an indicator of crypto liquidity, has stopped falling, demand for leverage has yet to start recovering, the bank said.

Tightening in the crypto market appears to have paused. (Lucio Alfonsi/Pixabay)

Markets

US Federal Reserve Minutes Show More Rate Hikes Coming, Concern About Stablecoin Risks

Bitcoin and other cryptocurrencies had little to no reaction to the central bank release.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Finance

UK Group to Test Stablecoin Payments, Provide Data to Bank of England

The Digital FMI Consortium, a group of private-sector companies, will start a pilot scheme in October and run it for a minimum of a year.

El Banco de Inglaterra sube las tasas en 50 puntos base. (PeterRoe/Pixabay)

Policy

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.

The U.K. wants to bring stablecoins into the scope of local payments regulation, but it's still not clear what that might look like. (Ashley Cooper/Getty Images)

Videos

Three Crypto Regulatory Actions That Need to Be Taken, According to Messari's CEO

Messari Co-founder and CEO Ryan Selkis discusses his take on the crypto regulatory actions that the industry is lacking, which includes clarity on stablecoins, the CFTC's ownership over layer 1 blockchains, and the status of DeFi.

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