#stablecoins

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BlockFi CEO Zac Prince Says His Company Paid Out 450 BTC, 5,000 ETH And $6 Million In Stablecoins In

Crypto News Point

Mar 3, 2021
2 min

BlockFi CEO Zac Prince Says His Company Paid Out 450 BTC, 5,000 ETH And $6 Million In Stablecoins In

Zac Prince, the CEO of BlockFi, has said that his company paid out 450 BTC, 5,000 ETH, and $6 million in stablecoins in February. It has been reported that clients of BlockFi are able to earn interest on Bitcoin, Ether, and stablecoins by depositing their cryptocurrencies into an interest-bearing account. Another record breaking month of interest payments for @BlockFi clients in Feb. Over 35M in interest paid including: >450 #btc >5,000 #eth >6M in stablecoins Thank you

JP Morgan Chase CEO Weighs In On OCC’s Recent Approval Of Banks Using Stablecoins For Payments

Crypto News Point

Jan 18, 2021
2 min

JP Morgan Chase CEO Weighs In On OCC’s Recent Approval Of Banks Using Stablecoins For Payments

Jamie Dimon, the CEO of JP Morgan Chase, along with the CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments during its Q4 2020 earnings call, as well as whether or not the approval will have any impact on the development of JPM Coin. It has been reported that during the question-and-answer portion of the call, Portales Partners analyst Charles Peabody asked about the approval from the OCC for banks to use public blockchain net

Treasury Department Of The UK Reveals It Is Drafting Proposals To Regulate Private Stablecoins

Crypto News Point

Nov 11, 2020
2 min

Treasury Department Of The UK Reveals It Is Drafting Proposals To Regulate Private Stablecoins

The Treasury Department of the United Kingdom has revealed that it is drafting proposals to regulate private stablecoins while researching central bank digital currencies (CBDCs) as an alternative to cash. It has been reported that Rishi Sunak, the Chancellor of Treasury, noted the upcoming regulatory proposals alongside other goals for the country’s financial services industry, including a review of the UK’s listings regime and support for green finance. He added: “New techn

Eftpos Australia To Trial DLT Micropayments Proof-of-Concept Using Hedera

Crypto News Point

Jul 28, 2020
2 min

Eftpos Australia To Trial DLT Micropayments Proof-of-Concept Using Hedera

Eftpos Australia has announced a partnership with (DLT) firm Hedera to conduct a micropayments proof-of-concept using an Australian dollar stablecoin. Eftpos Australia is the country’s leading point-of-sale technology provider. Australian Payment Card Company @eftposAust to Trial Micropayments Using Hedera Hashgraph | NASDAQ https://t.co/Wv4EKMyTfT — eftpos Australia (@eftposAust) July 22, 2020 Eftpos chief executive Stephen Benton says that the collaboration with Hedera is

Crypto News Point

Jul 26, 2020
2 min

Avanti Announces Plans For ‘Stablecoin Disruptor’ Designed To Modernize U.S. Dollar Payments

Avanti Bank & Trust has announced plans for a ‘stablecoin disruptor’ that is designed to modernize U.S. dollar payments. According to a July 23 announcement, Avanti said that the payment instrument- ‘Avit,’ is not a security and predicted it “will likely be treated as a cash equivalent” by regulators. Top story: Avanti Financial Group Announces Accelerated Charter Application – Avanti https://t.co/ml61WOnYCi, see more https://t.co/BoHcMI7iIZ — José Antonio Bravo (@jabravo) J

Bitcoin Settles $712 Billion In 2020, Stablecoins Sees Biggest Year Ever

Crypto News Point

Jul 23, 2020
2 min

Bitcoin Settles $712 Billion In 2020, Stablecoins Sees Biggest Year Ever

Bitcoin (BTC) has settled $712 billion in 2020, while stablecoins have already seen their biggest year ever. On July 21, it has been reported by analytics firm Messari that as Bitcoin has settled $712 billion so far this year, Ether (ETH) is on $147 billion. However, the Ethereum network, which supports stablecoins including market cap leader Tether (USDT), has added another $423 billion to the total, as growth in combined stablecoin transaction value is conspicuous, with the

PayPal To Offer Crypto Trading Services Through New Partnership With Paxos: Report

Crypto News Point

Jul 21, 2020
1 min

PayPal To Offer Crypto Trading Services Through New Partnership With Paxos: Report

Cryptocurrency trading services will reportedly be offered on PayPal thanks to a new partnership with Paxos. Initially reported by CoinDesk, the digital payments giant is planning on introducing cryptocurrency trading through New-York based Paxos’ new brokerage service. More details on Paypal/Crypto. 1. sources confirm it is happening 2. if true, it is what I anticipated. Like Revolut you will not be able to send/receive Crypto (probably bitcoin and few more) but only to tra

Eidoo Introduces New Visa Crypto Debit Card, Uses Regulated Stablecoins For Crypto-To-Fiat Conversio

Crypto News Point

May 27, 2020
2 min

Eidoo Introduces New Visa Crypto Debit Card, Uses Regulated Stablecoins For Crypto-To-Fiat Conversio

Eidoo, the Swiss DeFi startup, has introduced a new Visa crypto debit card that uses regulated stablecoins for crypto-to-fiat conversion in order to build a bridge between traditional finance and emergent assets like Bitcoin. On May 25, it has been reported that Eidoo Card has been approved for operation by Visa, as its new card will enable 40 million Visa merchants to accept crypto-derived fiat currencies, including the British pound (GBP) and euro (EUR). However, Thomas Ber

Solana Partners With Terra To Bring Stablecoins Into Solana’s dApp Ecosystem

Crypto News Point

Apr 16, 2020
1 min

Solana Partners With Terra To Bring Stablecoins Into Solana’s dApp Ecosystem

Blockchain network Solana has teamed up with the South Korean payment platform Terra to bring stablecoins into its dApp ecosystem. The partnership will build a new high-speed token bridge that facilitates the transfer of Terra stablecoins into Solana’s dapp ecosystem. The announcement was made on April 16, the Terra platform is backed by Korean eCommerce giant TMON. Solana claims to have superior technology in terms of scaling (65,000 transactions per second), security and de

Exciting News Ahead For Korean Traders As Binance KR Prepares To Launch On Binance Cloud

Crypto News Point

Mar 31, 2020
1 min

Exciting News Ahead For Korean Traders As Binance KR Prepares To Launch On Binance Cloud

Crypto exchange Binance is preparing to enter the Korean market for the first time. Binance KR will be launched on Binance Cloud and offer the “market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls.” According to a company blog post on March 31, the Binance will soon open Binance KR for trading. The exchange will also support Binance KRW (BKRW), a stablecoin backed by the South Korean Won

Ripple’s New Feature Would Allow Minting Stablecoins On XRP Ledger

Crypto News Point

Mar 2, 2020
1 min

Ripple’s New Feature Would Allow Minting Stablecoins On XRP Ledger

RippleNet soon they may be able to take advantage of a feature on the network which would allow them to mint asset-backed tokens like stablecoins on the XRP ledger. According to a video released by Ripple last month, Chief Technology Officer (CTO) David Schwartz said he was working on adding new features to the company’s crypto ledger. In addition to “core consensus improvements,” the CTO stood by past statements in not further developing one of the more common features of bl

Stablecoin vs e-money: Are They The Same Thing?

Crypto News Point

Feb 3, 2020
3 min

Stablecoin vs e-money: Are They The Same Thing?

The world is currently witnessing the fourth industrial revolution or Industry 4.0. Meanwhile, the debate on stablecoin vs e-money is growing as the dynamics of industries “is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human”. Market players are now turning to crypto-assets and the underlying blockchain techno

Bank of Russia Is Now Testing Stablecoins Pegged To Real Assets In A Regulatory Sandbox

Crypto News Point

Dec 27, 2019
2 min

Bank of Russia Is Now Testing Stablecoins Pegged To Real Assets In A Regulatory Sandbox

The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox. Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins https://t.co/7FG3VJXMFD via @cointelegraph — WBF Exchange (@WBFex) December 27, 2019 On December 25, it has been reported by Interfax, a Russian news service, that Elvira Nabiullina, the head of Russia’s central bank, said that the bank does not assume that those stablecoin

eToroX Adds Five New Fiat Stablecoins With GoldX/BTC Pairings

Crypto News Point

Nov 14, 2019
2 min

eToroX Adds Five New Fiat Stablecoins With GoldX/BTC Pairings

EToroX, the digital asset platform of eToro, a social trading platform announced the listing of privacy coin- Dash with five fiat stablecoin pairs alongwith Coinbase’s USDC and Tether’s USDT with GoldX/BTC pairings. As per a press release published on Nov. 12, the users of eToroX can also trade fiat stablecoins pairs such as:- Turkish Lira (TRYX) Polish Zloty (PLNX) South African Rand (ZARX) Hong Kong Dollar (HKDX) Signaporean dollar (SGDX) Along with:- U.S. dollar-backed to

Paxos Debuts Fiats Gateway With Binance Exchange

Crypto News Point

Nov 13, 2019
1 min

Paxos Debuts Fiats Gateway With Binance Exchange

Binance becomes the first cryptocurrency exchange to implement the fiat gateway of stablecoin operator Paxos. On Nov. 12 Binance announced the launch of its fiat gateway that would allow users to swap between US dollars and stablecoins. Paxos-Binance Integration Paxos service had been available since May, however, the integration with Binance now makes it available to all its users. .@PaxosGlobal Paxos Releases Fiat Gateway Gateway Solutions and APIs, #Binance is First to Uti

Indian Finance Minister Answers Crypto Questions at IMF Meeting

Crypto News Point

Oct 21, 2019
2 min

Indian Finance Minister Answers Crypto Questions at IMF Meeting

The Indian Minister of Finance, Nirmala Sitharaman talked on cryptocurrency and stablecoins when asked on Facebook’s Libra at an IMF and World Bank meet. The Governor of RBI also addressed the subject at the conference. The annual meeting took place on Oct. 14, through Sunday, Oct. 20 during the annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington. Indian Finance Minister Nirmala Sitharaman in a group pho

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