Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the worlds largest financial institutions are exposed to roughly €9.4 milliard (US$9 billion) in crypto assets. The research paper authored by the Basel Committees secretariat Renzo Corrias further......

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 milliards en 83 Jours

Just over two months or approximately 83 il y a quelques jours, the stablecoin usd coin (USDC) had a market valuation of around $55.52 milliards et depuis lors, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market......

Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

Tether is now live on 15 different blockchain networks, according to the companys latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoins new support follows the token being added to......

Luna Founder Do Kwon Isn’t in Singapore, Police Say After South Korean Court Issues His Arrest Warrant

Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. toutefois, Kwon insists......

UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization

Britains top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to......

Signaler: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves

One of South Africas largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin projects cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the countrys oldest financial services companies will......

Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional......

Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

En Lundi, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market......

La Banque de Russie va promouvoir le rouble numérique dans le commerce extérieur alors que le ministère des Finances fait pression pour l'option crypto

Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming......

PDG du cercle, Paxos, et Trueusd parlent de la décision de conversion automatique de Stablecoin de Binance

En septembre 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy......