stablecoins
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Uniswap Labs received a notice from the SEC in April accusing the Uniswap protocol of being an unregistered securities exchange and interface/wallet as unregistered securities brokers.
Uniswap Labs responded by arguing that the protocol doesn't meet the SEC's definition of an exchange and that most trading volume involves non-securities like ETH, BTC, and stablecoins.
The company is asking the SEC to drop a lawsuit that was planned, claiming it's not worth the fight.
#uniswap #uniswaplabs #SEC #stablecoins #MicroStrategy
Uniswap Labs responded by arguing that the protocol doesn't meet the SEC's definition of an exchange and that most trading volume involves non-securities like ETH, BTC, and stablecoins.
The company is asking the SEC to drop a lawsuit that was planned, claiming it's not worth the fight.
#uniswap #uniswaplabs #SEC #stablecoins #MicroStrategy
Stablecoins versus cash in the dollar and euro economies of the world.
What stable coins do you use? #stablecoins
What stable coins do you use? #stablecoins
Flair DeX announced the phase 1 of incentivized testnet. Flair Dex is a decentralised exchange and automated market marker focused on providing efficient token swaps and deep liquidity for #stablecoins and other assets.
#crypto2023 #DeFi #dyor
#crypto2023 #DeFi #dyor
Diversification is needed when it is too late for it.
You can diversify your #stablecoins into different:
1) Tokens 🪙
2) Protocols 🏦
3) Chains 🔗
4) Strategies (to earn on your tokens) ♟️
This will prepare you for another market crash.
You can diversify your #stablecoins into different:
1) Tokens 🪙
2) Protocols 🏦
3) Chains 🔗
4) Strategies (to earn on your tokens) ♟️
This will prepare you for another market crash.
Despite their advantages, #stablecoins are not without risks.
Centralized stablecoins, where a single entity controls the stablecoin, are vulnerable to hacks and cyber attacks.
There are also concerns about transparency and the true value of the backing asset.
Centralized stablecoins, where a single entity controls the stablecoin, are vulnerable to hacks and cyber attacks.
There are also concerns about transparency and the true value of the backing asset.
As #stablecoins become more widely adopted, there is a growing need for regulation to ensure their stability and protect consumers.
The lack of a clear regulatory framework for them has raised concerns among policymakers, highlighting the need for it.
The lack of a clear regulatory framework for them has raised concerns among policymakers, highlighting the need for it.
"Well, bitcoin has stabilized almost exactly at $14 a coin. I'm tired of waiting for a jump, so I'm taking a loss and getting my money back."
In 2011 this guy took a loss on BTC, at $14 a piece, because he got tired of waiting for Bitcoin to go up. #BTC #stablecoins #inflation
In 2011 this guy took a loss on BTC, at $14 a piece, because he got tired of waiting for Bitcoin to go up. #BTC #stablecoins #inflation
- #Addresses suspected to be linked to Abraxas Capital deposited 58 million stablecoins on multiple cryptocurrency exchanges (CEXs).
- These addresses, starting with 0x0f1d, previously collateralized substantial ETH and BTC on Compound and Aave, borrowing stablecoins.
- The deposits of millions of #stablecoins into CEXs by these addresses suggest a positive outlook on the current market.
- This activity might indicate a potential #bullish trend in the market.
- Stakeholders and #market participants should closely monitor these developments to make well-informed decisions within the dynamic #cryptocurrency landscape.
$BTC $ETH $AAVE
- These addresses, starting with 0x0f1d, previously collateralized substantial ETH and BTC on Compound and Aave, borrowing stablecoins.
- The deposits of millions of #stablecoins into CEXs by these addresses suggest a positive outlook on the current market.
- This activity might indicate a potential #bullish trend in the market.
- Stakeholders and #market participants should closely monitor these developments to make well-informed decisions within the dynamic #cryptocurrency landscape.
$BTC $ETH $AAVE
📊 Out of 35 countries, only six had rules for stablecoins in 2023, as per PwC’s analysis. 🇨🇭 🇯🇵 Switzerland and Japan were among the countries leading this initiative.
#cryptonews #stablecoins #switzerland #japan
#cryptonews #stablecoins #switzerland #japan
News Incoming- #Snook Expands to #Arbitrum , Launches $USDC Rewards and More
Web3 online multiplayer game Snook is expanding to Arbitrum. Snook seeks to make its game more accessible with this transition. Snook plans to use one of the world’s most popular #stablecoins to fuel its in-game economy.
Blockchain gaming remains a dynamic force in the crypto landscape, projected to reach a $85 billion market cap by 2030. However, activity in the industry has recently stagnated, with many projects revisiting their strategies. Snook, on the other hand, is boldly forging ahead and charting a new course for the sector by providing new opportunities to its players.
Snook Moves to Arbitrum
In an exciting development, Snook, an NFT-based online multiplayer game, has announced that it is expanding to the Arbitrum blockchain, bringing new benefits and perks to its dedicated user base.
Following its launch on the Ethereum Layer-2 network, Snook players will gain unprecedented freedom to choose their preferred chain based on trends, gas fees, and other factors.
Web3 online multiplayer game Snook is expanding to Arbitrum. Snook seeks to make its game more accessible with this transition. Snook plans to use one of the world’s most popular #stablecoins to fuel its in-game economy.
Blockchain gaming remains a dynamic force in the crypto landscape, projected to reach a $85 billion market cap by 2030. However, activity in the industry has recently stagnated, with many projects revisiting their strategies. Snook, on the other hand, is boldly forging ahead and charting a new course for the sector by providing new opportunities to its players.
Snook Moves to Arbitrum
In an exciting development, Snook, an NFT-based online multiplayer game, has announced that it is expanding to the Arbitrum blockchain, bringing new benefits and perks to its dedicated user base.
Following its launch on the Ethereum Layer-2 network, Snook players will gain unprecedented freedom to choose their preferred chain based on trends, gas fees, and other factors.
#BinanceUs The problem with the withdrawal of US #dollars has been solved by US, a #cryptocurrency exchange with a US presence.
-BinanceUs The US has fixed the #USD withdrawal problems but issues future difficulties may arise.
-Banks may stop offering the USD withdrawal service.
-Resubmitting requests is encouraged, and clients should think about using #stablecoins for crypto-to-crypto trade.
-BinanceUs The US has fixed the #USD withdrawal problems but issues future difficulties may arise.
-Banks may stop offering the USD withdrawal service.
-Resubmitting requests is encouraged, and clients should think about using #stablecoins for crypto-to-crypto trade.
Singapore's Monetary Authority Consults Ripple on Stablecoin Regulations"
MAS seeks #Ripple’s feedback before concluding new #stablecoins regulations to ensure value stability.
Read more on: https://thecryptobasic.com/2023/08/21/monetary-authority-of-singapore-seeks-input-from-ripple-on-stablecoin-rules-for-enhanced-market-stability/
#XRP #crypto
Read more on: https://thecryptobasic.com/2023/08/21/monetary-authority-of-singapore-seeks-input-from-ripple-on-stablecoin-rules-for-enhanced-market-stability/
#XRP #crypto
🔥 Bitcoin proves itself once again as the #CryptoKing! 🚀
With the carnage in the Altcoin market, BTC Dominance is in full swing. #bitcoin dominates nearly 50% of the $1T crypto market.
Investors are choosing the Titan over turmoil and going out of the market waiting in #stablecoins
With the carnage in the Altcoin market, BTC Dominance is in full swing. #bitcoin dominates nearly 50% of the $1T crypto market.
Investors are choosing the Titan over turmoil and going out of the market waiting in #stablecoins
#Crypto news: Binance launches new strategy for stablecoins.
Crypto news: The world of #stablecoins has witnessed rapid growth and innovation in recent years, and Binance is not shying away from exploring new possibilities.
#Binance CEO Changpeng “CZ” Zhao recently shared his vision for the company’s stablecoin strategy during a Ask Me Anything (AMA) session on 31 July on Twitter.
The strategy revolves around diversifying and offering investors alternatives to the dominant stablecoin giants such as #Tether (USDT) and Binance USD (BUSD).
In a surprising revelation, CZ also acknowledged that even stablecoins perceived as well-regulated and fully audited, such as Binance USD (BUSD), are not entirely immune to unpredictable risks.
Crypto news: The world of #stablecoins has witnessed rapid growth and innovation in recent years, and Binance is not shying away from exploring new possibilities.
#Binance CEO Changpeng “CZ” Zhao recently shared his vision for the company’s stablecoin strategy during a Ask Me Anything (AMA) session on 31 July on Twitter.
The strategy revolves around diversifying and offering investors alternatives to the dominant stablecoin giants such as #Tether (USDT) and Binance USD (BUSD).
In a surprising revelation, CZ also acknowledged that even stablecoins perceived as well-regulated and fully audited, such as Binance USD (BUSD), are not entirely immune to unpredictable risks.
Could Bitcoin Reach $80,000 in 2024? 😱
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
🚨 The 90-day supply of aggregate #stablecoins has dropped more than 20% from $162B in March 2022 to $120B today 📉
These figures point out a severe decline in on-chain #liquidity which can be catastrophic for the #crypto market in the long run 🏃
These figures point out a severe decline in on-chain #liquidity which can be catastrophic for the #crypto market in the long run 🏃
Through the Financial Services and Markets Bill ( #FSMB ), stablecoin regulation in the UK is about to become a reality. This law, which recognises #stablecoins as a form of payment and acknowledges #cryptocurrencies as a regulated business, was just approved by the House of Lords.
- Bank of America's research report suggests that PayPal's new stablecoin, PayPal USD (#PYUSD ), is unlikely to gain significant adoption in the short term.
- Despite offering payment efficiencies and improved customer experiences, PYUSD faces competition from central bank #digital #currencies (CBDCs) and yield-bearing stablecoins in the long run.
- Yield-bearing stablecoins with rates over 5% are expected to become more attractive compared to non-yield bearing options like #USDT and USDC.
- Investors are expected to prefer safe and easily accessible #stablecoins on major trading platforms, regardless of the specific choice.
- The launch of PYUSD is not projected to bring rapid regulatory clarity or alter systemic risk in traditional markets, according to Bank of America.
- PYUSD could encounter regulatory challenges if stablecoin issuance becomes restricted to banks.
- PayPal's entry into the stablecoin market targets blockchain-enabled asset transfers, payments, and remittances in untapped areas.
- The report indicates that widespread adoption of PYUSD might be gradual due to competition and possible regulatory obstacles.
$BTC $BNB $ETH
- Despite offering payment efficiencies and improved customer experiences, PYUSD faces competition from central bank #digital #currencies (CBDCs) and yield-bearing stablecoins in the long run.
- Yield-bearing stablecoins with rates over 5% are expected to become more attractive compared to non-yield bearing options like #USDT and USDC.
- Investors are expected to prefer safe and easily accessible #stablecoins on major trading platforms, regardless of the specific choice.
- The launch of PYUSD is not projected to bring rapid regulatory clarity or alter systemic risk in traditional markets, according to Bank of America.
- PYUSD could encounter regulatory challenges if stablecoin issuance becomes restricted to banks.
- PayPal's entry into the stablecoin market targets blockchain-enabled asset transfers, payments, and remittances in untapped areas.
- The report indicates that widespread adoption of PYUSD might be gradual due to competition and possible regulatory obstacles.
$BTC $BNB $ETH
Crypto Update: Stablecoin Market Hits $131.9 Billion!
📅 As of January 5th, the total market value of #stablecoins has surged to an impressive $131.9 billion.
💪 Dominating the space, #USDT takes the lead with a staggering circulation of over $92.7 billion, securing a dominant stablecoin market share of 70.28%!
🔥 The crypto world is witnessing remarkable growth, and USDT is at the forefront, playing a pivotal role in shaping the market dynamics.
🚀 Stay tuned for more updates as the crypto landscape continues to evolve! #CryptoNews #USDTDominance 🌐
#BTC
$BTC $PEOPLE $JTO
💪 Dominating the space, #USDT takes the lead with a staggering circulation of over $92.7 billion, securing a dominant stablecoin market share of 70.28%!
🔥 The crypto world is witnessing remarkable growth, and USDT is at the forefront, playing a pivotal role in shaping the market dynamics.
🚀 Stay tuned for more updates as the crypto landscape continues to evolve! #CryptoNews #USDTDominance 🌐
#BTC
$BTC $PEOPLE $JTO
Key Trends in Crypto Regulatory and Policy Landscape by Elliptical
The first Elliptical blog post of 2024 highlights key developments and trends in #crypto regulatory and policy for the year 2024. The US SEC's approval of 11 spot #BitcoinETFs is seen as a positive step, offering hope for clearer regulatory developments in the country. The top five trends to watch in 2024 include:
1. Stablecoins Regulation: The opportunities and risks of #stablecoins will be a focal point, especially with new requirements for stablecoin issuers in the European Union coming into effect. Financial crime risks associated with stablecoins will also be a priority on the international agenda.
2. Leading Crypto Hubs: Paris, Dubai, and Hong Kong are identified as leading hubs for well-regulated crypto activity. These cities are expected to entrench their status in 2024, providing clarity in regulatory frameworks, though with high standards for market participants.
3. US Regulatory Uncertainty: The US is predicted to remain uncertain due to structural factors, jurisdictional entanglements, and legislative challenges. Despite this, institutional players are expected to drive progress in opening up the US financial sector to greater crypto-related innovation.
4. DeFi in the Spotlight: 2024 will be crucial for decentralized finance ( #DeFi ), with regulators focusing on aligning efforts globally to address perceived challenges. The year will determine if the DeFi space can be made compatible with regulation while remaining decentralized and innovative.
5. AI and Crypto Fusion: There will be increasing regulatory discussion around the potential fusion of artificial intelligence (AI) and crypto. Innovators envision the convergence of #AI and blockchain technologies, prompting regulators to scrutinize the risks and issues associated with this convergence. The EU's proposed AI Act is mentioned as a regulatory framework similar to MiCA, governing both AI and crypto.
Overall, 2024 is expected to be a defining year for the crypto industry, with a spotlight on stablecoins, leading crypto hubs, US regulatory challenges, DeFi, and the potential fusion of AI and crypto.
1. Stablecoins Regulation: The opportunities and risks of #stablecoins will be a focal point, especially with new requirements for stablecoin issuers in the European Union coming into effect. Financial crime risks associated with stablecoins will also be a priority on the international agenda.
2. Leading Crypto Hubs: Paris, Dubai, and Hong Kong are identified as leading hubs for well-regulated crypto activity. These cities are expected to entrench their status in 2024, providing clarity in regulatory frameworks, though with high standards for market participants.
3. US Regulatory Uncertainty: The US is predicted to remain uncertain due to structural factors, jurisdictional entanglements, and legislative challenges. Despite this, institutional players are expected to drive progress in opening up the US financial sector to greater crypto-related innovation.
4. DeFi in the Spotlight: 2024 will be crucial for decentralized finance ( #DeFi ), with regulators focusing on aligning efforts globally to address perceived challenges. The year will determine if the DeFi space can be made compatible with regulation while remaining decentralized and innovative.
5. AI and Crypto Fusion: There will be increasing regulatory discussion around the potential fusion of artificial intelligence (AI) and crypto. Innovators envision the convergence of #AI and blockchain technologies, prompting regulators to scrutinize the risks and issues associated with this convergence. The EU's proposed AI Act is mentioned as a regulatory framework similar to MiCA, governing both AI and crypto.
Overall, 2024 is expected to be a defining year for the crypto industry, with a spotlight on stablecoins, leading crypto hubs, US regulatory challenges, DeFi, and the potential fusion of AI and crypto.
