The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins. According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, …
Stablecoin market cap increases by $100M every single day 查看全文 »
The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product. The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1. Thomas Rainer, Wiener Börse’s head of development, emphasized that the listing allows “experienced, local investors” to …
Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum 查看全文 »
The People’s Bank of China is planning to put its digital currency to use at the 2022 Winter Olympic Games in Beijing. According to a Reuters report, Sun Guofeng, the head of the monetary policy department at PBoC, said that the bank does not have a timetable for the rollout of the digital currency. However, going …
China plans to use its digital yuan at the 2022 Winter Olympic Games 查看全文 »
China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide. According to Wang Zongmin, a former deputy chairman of …
China’s Major State-Run Commercial Banks Test CBDC Digital Wallet 查看全文 »
Leading global investment bank Goldman Sachs is exploring avenues of development to potentially create its own cryptocurrency. As reported by CNBC on August 6, the bank has appointed Mathew McDermott as the worldwide head of digital assets to spearhead the realization of this dream. Blockchain holds the future of financial markets McDermott brings to the table a wide …
Goldman Sachs Explores Development of its Own Digital Token 查看全文 »
The government-owned Swiss bank, bank Basler Kantonalbank (BKB) is set to offer cryptocurrency custodial services as well as trading service, a landmark move in the crypto-centric nation. The project is a collaboration between a BKB subsidiary and Bank Cler, a Swiss Banking Group. A Basler Kantonalbank spokesperson said: “In the BKB Group, we are working to offer …
Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies 查看全文 »
Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives. Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking giant …
Russia’s Biggest Bank Considers Launching Its Own Stablecoin 查看全文 »
The People’s Bank of China through the use of its proposed Digital Currency Electronic Payment DCEP system aims to tackle the dominance of WeChat Pay and Alipay in the nation’s digital payment ecosystem. The news was reported days after the People’s Bank of China urged the nation’s top antitrust agency to probe the dominance of the two …
Alipay and WeChat Pay Could Be Casualties of China’s Digital Yuan 查看全文 »
Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms. Wang, the Director of Haixia blockchain research institute and former vice president of Bank of China said that China’s central bank digital currency (CBDC), also known as its digital currency electronic payment (DCEP) should …
China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission. In 2017, China completely banned Bitcoin exchanges in the country but this did not stop initial coin offerings and virtual currency trading. Without Bitcoin exchanges operating in China, traders turned to foreign exchanges to conduct cryptocurrency transactions. Binance, …
