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MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses

A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”.....»»

Category: forexSource: coindeskApr 14th, 2020

Tether CTO Claims USDT Stablecoin Can Boost DeFi Liquidity

Tether CTO Paolo Ardoino believes the USDT stablecoin can boost the decentralized finance ecosystem......»»

Category: forexSource: coindeskApr 1st, 2020

Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals

Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD......»»

Category: forexSource: coindeskMar 12th, 2020

New Wallet From Stablecoin Issuer STASIS Syncs With Financial Institutions

STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies......»»

Category: forexSource: coindeskMar 3rd, 2020

Plaintiffs Move to Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether

Three class action lawsuits alleging Bitfinex and Tether manipulated the bitcoin market are moving to consolidate, with the stablecoin issuer promising to fight the claims......»»

Category: forexSource: coindeskJan 18th, 2020

Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether

Three class action lawsuits alleging Bitfinex and Tether manipulated the bitcoin market have been combined in federal court, with the stablecoin issuer promising to fight the claims......»»

Category: forexSource: coindeskJan 17th, 2020

New North American Trade Pact Nears Finish In US Senate

The U.S. Senate Finance Committee on Tuesday voted 25-3 to move the U.S.-Mexico-Canada Agreement (USMCA.....»»

Category: blogSource: benzingaJan 8th, 2020

Another Class Lawsuit Claims Bitfinex, Tether Manipulated Bitcoin Market

Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless,.".....»»

Category: forexSource: coindeskNov 25th, 2019

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo. .....»»

Category: forexSource: coindeskNov 15th, 2019

Former Fed Nominee Stephen Moore Backs Fractional Reserve Stablecoin

Stephen Moore, whose failed bid to join the Fed imploded within months, has a new plan to disrupt global finance: a fractional reserved-backed stablecoin......»»

Category: forexSource: coindeskOct 21st, 2019

London retains global finance throne amid Brexit chaos

Reuters analysis shows London has held onto its title as global finance's top dog, but as Brexit nears worries over job losses are starting to rise again. Julian Satterthwaite reports......»»

Category: videoSource: reutersOct 15th, 2019

EU Finance Commissioner Vows New Rules on Crypto, Libra Stablecoin

EU's financial services commissioner Valdis Dombrovskis intends to create a new regulations for crypto, particularly Facebook’s Libra stablecoin......»»

Category: forexSource: coindeskOct 8th, 2019

Britain at risk of losing leading edge in maritime services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears......»»

Category: topSource: reutersSep 8th, 2019

Lynnwood light rail will collect $100M in federal funding as groundbreaking nears

The Federal Transit Administration will allocate another $100 million to the Lynnwood Link light rail extension this week as part of the Trump administration's largest transit grant......»»

Category: topSource: bizjournalsAug 28th, 2019

Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox

Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations.....»»

Category: forexSource: coindeskJul 31st, 2019

Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them

Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again......»»

Category: forexSource: coindeskJul 16th, 2019

Bitfinex Repays Tether $100 Million of $700 Million Loan

Bitfinex said it has paid back $100 million of the $700 million borrowed from stablecoin issuer Tether......»»

Category: forexSource: coindeskJul 2nd, 2019

Goldman Sachs CEO Hints Bank Might Launch ‘JPM Coin’-Like Crypto

Goldman Sachs may ultimately take part in the crypto disruption of finance with its own stablecoin, according to CEO David Solomon......»»

Category: forexSource: coindeskJun 28th, 2019

How MakerDAO Works: A Video Explainer

The most popular decentralized finance application on ethereum, MakerDAO, was built to keep a stablecoin's price stable. Under the hood, it's quite complex, featuring two separate tokens, a lending system and even a voting process. Here's how it works.....»»

Category: forexSource: coindeskMay 30th, 2019

How MakerDAO Works – The Stablecoin Explainer

The most popular decentralized finance application on ethereum, MakerDAO, was built to keep a stablecoin's price stable. Under the hood, it's quite complex, featuring two separate tokens, a lending system and even a voting process. Here's how it works.....»»

Category: forexSource: coindeskMay 30th, 2019