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” Albright Capital drops lawsuit against Terraform Labs and Do Kwon “ Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer…
” Binance pushes back against report stablecoin isn’t fully backed “ Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog post, Binance said the basis for the report — later amended to clarify…
” Nigeria to create the stablecoins and ICOs legal framework “ As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria declares its readiness to accept the existence of private stablecoins as well. The necessity to create a legal framework for stablecoins is marked in the latest central bank…
” Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi “ Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member of the Legislative Council of the Hong…
” Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale “ Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly…
” Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’ “ The app that produces stablecoin Vader Protocol US Dollar (USDV) will be shut down, according to a Dec. 29 announcement from its developers. We are sunsetting Vader Protocol: https://t.co/C3AKHo9URj Existing $VADER and $USDV holders, please visit the webapp to redeem the treasury: https://t.co/SnRlvpXnaQ…
” Bank of India report calls for regulatory coordination on crypto market challenges “ The Reserve Bank of India (RBI) has appealed to the country’s presidency of the G20 group of the world’s largest economies as a pulpit to call for the development of a global regulatory framework for crypto assets. In its latest financial…
” Stablecoin settlements can surpass all major card networks in 2023: Data “ Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are…
” US senator Toomey introduces stablecoin bill as congressional session wraps up “ Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment…
” Algorithmic stabilization is the key to effective crypto-finance “ After the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen to a low point in popularity, both in the cryptocurrency world and among mainstream observers. This emotional response, however, is strongly at odds with reality….