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ForkLog 9 29.09.2020

Waves.Exchange launches ‘decentralised Forex’ built on stablecoins

Waves.Exchange has launched the stablecoin-based DeFo ecosystem, combining elements of the traditional Forex market, staking, and decentralized trading protocols such as Uniswap, according to ForkLog representatives of the platform.

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ForkLog 23 27.09.2020

Opinion: DAI at risk from centralised stablecoins as collateral

The stablecoin DAI is 40% collateralised by centralised assets — USDC, WBTC, TUSD and PAX, according to The Block's analysis.

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ForkLog 13 25.09.2020

EU Regulation Rules Alarm Blockchain Industry

EU Commission's new rules for crypto assets could overload the industry, risking a flight of companies from the European Economic Area. This is stated in a statement by the International Association of Trusted Blockchain Applications (INATBA).

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ForkLog 14 25.09.2020

Stablecoins’ aggregate value tops $20 billion

Over the last 12 months, the aggregate market capitalization of stablecoins rose by 300%, topping $20 billion.

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ForkLog 30 24.09.2020

EU proposes regulation of cryptocurrencies and stablecoins

The European Commission unveiled rules for regulating cryptocurrencies and stablecoins. The 168-page document sets out not only asset requirements but also the creation of a sandbox for blockchain projects.

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ForkLog 23 22.09.2020

ECB proposes dropping the term ‘stablecoin’ as misleading

The European Central Bank (ECB) proposed replacing the term 'stablecoin' with something less 'misleading'. In the regulator's new report, it is noted that this definition may apply only to correctly created and well-regulated digital assets.

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ForkLog 21 21.09.2020

U.S. regulator allows banks to hold stablecoin reserves

The Office of the Comptroller of the Currency (OCC), part of the U.S. Treasury, has allowed national banks and federal savings associations to hold stablecoin issuers' reserves.

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ForkLog 26 17.09.2020

Former HSBC executive to take leadership role at Libra Association subsidiary

The Libra Association, linked to developing a digital currency led by the world's largest social network, Facebook, has hired James Emmett as Libra Networks' managing director. He previously held a similar post at the UK's largest bank HSBC, dedicating 25 years of his career to it.

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ForkLog 24 16.09.2020

EU plans to regulate cryptocurrencies on a par with traditional financial assets

The European Commission proposed establishing a legal framework for cryptocurrencies, security tokens and stablecoins, mirroring the requirements applied to traditional financial instruments. This is described in the Draft Regulation on Markets in Crypto-Assets (MiCA), the draft version of which was published by Politico.

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ForkLog 22 13.09.2020

European countries push for tougher regulation of stablecoins

Germany, France, Italy, Spain and the Netherlands urged the European Commission to develop strict rules for stablecoins, 'to protect consumers and safeguard state sovereignty in monetary policy'. Reuters reports.

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ForkLog 59 09.09.2020

Tether launches USDT on Solana blockchain

Tether has announced the launch of the USDT stablecoin on the Solana blockchain.

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ForkLog 17 09.09.2020

Report: On-chain activity of Bitcoin and Ethereum rose 38% in August

The total volume of on-chain value transferred across Bitcoin and Ethereum networks last month rose by 38.3%, reaching $125 billion. This marked the highest level in 30 months, according to The Block.

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