Mobile payments service MenaPay announced support for Twitch donations with their MenaCash stablecoin. Mobile payments service MenaPay announced support for Twitch tipping with their MenaCash stablecoin. Blockchain-based payments service MenaPay updated its mobile app to add support for Twitch donations, according to a press release shared with Cointelegraph Turkey on Dec. 27. Twitch viewers are…
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Russia’s central bank, The Bank of Russia, has reportedly started 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. Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those…
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Binance, the second largest exchange by daily trading volume, has extended trading pairs for the Turkish lira and the Russian ruble. Binance, the second-largest exchange by daily trading volume, has extended trading capabilities for the Turkish lira (TRY) and added a new trading pair for the lira and the Russian ruble (RUB). Binance users can…
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OKEx new feature aims to stimulate Dai trading, while statistics show that Tether still controls the lion’s share of the stablecoin market. Malta-based cryptocurrency exchange OKEx has added support for a new feature that allows users of stablecoin Dai (DAI) to earn interest by staking their holdings. In a blog post on Dec. 17, OKEx…
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A darknet marketplace is planning a $146 million ICO, QuadrigaCX victims want Gerald Cotten’s body exhumed, and Libra has quietly updated its white paper. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and…
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The government of crypto-friendly Switzerland has said that there are no current benefits to issuing a digital franc. The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report…
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The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve in regards to the demand of stablecoins. The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve regarding the demand for stablecoins. According…
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Coinbase Card, a crypto-powered Visa debit card by Coinbase exchange, now supports Dai, a stablecoin pegged to the United States dollar. Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar. According to a blog post on Dec. 6, Dai is…
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The benefits associated with stablecoins pale in comparison to their risks and challenges, according to a new statement from EU authorities. No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of…
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A panel including U.S. Treasury Secretary Steven Mnuchin and SEC and CFTC chairs voiced concerns about stablecoins becoming more popular in the future. A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability…
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