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Stablecoins
Decoupling of Lido’s Staked ETH Differs From Stablecoin Collapse, CoinShares Says
Staked ether (stETH) will trade at a discount until withdrawals are enabled, the report said.
Luna Only Makes Bermuda Love Stablecoins More
Digital assets are the future, Bermuda Premier David Burt said during the Consensus 2022 conference. He’s not worried about his country being shut out by jurisdictions like the EU.
MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module
MakerDAO is temporarily stopping DAI from being minted and deposited in Aave’s crypto lending platform.
Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto
The report is a preview of Fed Chair Jerome Powell's testimony in Congress next week.
Crypto Lending Platforms 'Should Be Regulated': Former CFTC Chairman
“A lot of people have losses who didn't understand the risks they were taking,” Timothy Massad said on CoinDesk TV’s “First Mover.”
Lawmakers Say US Stablecoin Law Could Pass This Year
The U.S. could have a new federal law on stablecoins by the end of this year, lawmakers told attendees at Consensus 2022 in Austin, Texas. Sen. Pat Toomey (R-PA) is joined by Sen. Kirsten Gillibrand (D-NY), Sen. Cynthia Lummis (R-WY) and Rep. Patrick McHenry (R-NC).
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
The stage at Consensus 2022 erupted with an intense dispute over the future of a Fed-managed digital currency.
Litecoin Gets the Boot; India’s Tax Typo
Litecoin kicked out of South Korean crypto exchanges.Indian government clarifies crypto tax cut to 0.1% was a ‘typo’ error.Veteran investor Jim Rogers weighs in on the future of stablecoins. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
New York’s Crypto Regulator Publishes Formal Stablecoin Guidance
NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions.
Citi Says Crypto Market Volatility Has Affected User Adoption
Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.
