Stablecoin

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The U.S. Federal Reserve Board on Friday warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.  The central bank’s prognosis – buried deep in the November edition of its semiannual “Financial Stability Report” – rests on a stablecoin worst case …

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French Central Bank Job Posting Reveals Digital Currency Program

The central bank of France, Banque de France, is seeking a blockchain analyst who will help the bank define a program for implementing digital currency. In a job opening posted on October 16th and listed under the Financial Stability and Operations branch of the bank, the bank called for an analyst with experience in crypto-economics, …

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Crypto News From the German-Speaking World: Nov. 3-10

The past week has marked a number of crypto- and blockchain-related developments in the German-speaking world. Malta Enterprise partnered with Deutsche Telekom’s IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian startup Smart Digital proposed industrial plant inspections using blockchain, and the German Federal Financial Supervisory Authority (BaFin) launched …

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MakerDAO Proposes New DAI Ceiling After Hitting $100 Million Cap

The MakerDAO loan system, administered by the Maker Foundation, hit its debt ceiling Wednesday with roughly $100 million worth of the stablecoin DAI issued and more than $339 million worth of ethereum locked up as collateral. On Thursday, the Maker Foundation proposed a new debt ceiling of 120 million DAI, which will now be voted on …

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Tradewind, Canadian Mint to Verify Origins of Precious Metals on Blockchain

Tradewind Markets, a blockchain-powered gold trading platform backed by stock trading firm IEX, has developed and launched a system for stablecoin issuers on its platform to track the provenance of their precious metals. Tradewind is taking its shot at stopping counterfeit gold seals and helping precious metals investors find metals that are produced responsibly. Designed …

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Maker’s Stability Fee Drops to 5.5% After Multi-Collateral Dai Announcement

</header> <strong>According to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. </strong> Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators Maker’s Multi-Collateral Dai Will Launch …

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Are Stablecoin Futures Built to Last?

OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could open the door for many new retail traders. Related: Bitfinex …

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Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem

<header class=”article__header”> </header> <strong>The London-based exchange Cryptophyl is a trading platform focused on the Simple Ledger Protocol (SLP) and bitcoin cash (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>) ecosystem. On October 29, the exchange announced the launch of the first fiat on-ramp to obtain well-known SLP tokens.</strong> Also read: Avalon Mining Rig Maker Canaan Files for …

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Cred to Demo Global Merchant Solution at Blockchain Week Kick-Off

<header class=”article__header”> </header> <strong>On Wednesday, October 30, Cred and the Universal Protocol Alliance will be hosting a live demonstration of a point-of-sale (PoS) device that enables purchases with cryptocurrency. Cred’s PoS financial operating system allows customers to utilize any crypto wallet for purchases at the PoS and will debut with bitcoin cash acceptance. Future versions …

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Blockchain Registers for Recording Ownership Rights Around the World

The use of blockchain to cement ownership rights for real estate and business has been ongoing since 2016, when the technology was first used to organize new forms of registries and registration of transactions. The blocks are used to record information onto the blockchain system, which can then certify the process of transfer of ownership …

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