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Stablecoins
Crypto Winter Hits NFTs; 3AC Files for Bankruptcy
Monthly NFT sales fall below US$1 billion for the first time in a year. Three Arrows Capital files for Chapter 15 bankruptcy in the US. Sam Bankman-Fried's FTX doubles down on BlockFi bailout. Experts weigh in on the future of stablecoins. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Argentines Take Refuge in Stablecoins After Economy Minister Resignation
Major crypto exchanges reported consumers purchased up to three times as many stablecoins over the weekend as they usually do amid a growwing economic crisis.
Crypto World Is Cautious of Finer Details In EU's MiCA Law
Web3 advocates are cautiously welcoming Europe's new law, but must first resolve its paradoxes – like when is a non-fungible token fungible?
Biden Official Says US Government Could Pass Stablecoin Rules by End of Year
The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.
Stablecoins Could Still Dominate Post-Terra, S&P Says
Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.
Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
The U.S. wouldn't be able to touch a “crypto-golden” ruble, VEB bank researchers say.
Is Bitcoin’s Bottom Finally In?
Martin Leinweber, digital asset product strategist at MV Index Solutions, discusses the “major bottom signals” he’s monitoring for bitcoin (BTC) including “super bearish” sentiment readings and wider negative sentiment in the “macro backdrop” of the economy. Plus, outlook for stablecoins and investment opportunities to watch.