Stablecoin
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
A new paper released Friday by the Bank for International Settlements (BIS) reveals although stablecoins may be adopted in some emerging markets and developing economies (EMDE), they may also present wider challenges and not address problems that other fintech innovations are tackling. "The Hash" panel discusses the key findings, examining the conflation between stablecoins and CBDCs.
Could the SEC Approve Grayscale’s Bitcoin Spot ETF Next Year?
Grayscale Investments filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) into a bitcoin spot ETF, but could it get greenlit this year? Grayscale Global Head of ETFs Dave LaValle shares his insights into the U.S. regulatory landscape and the industry implications of the potential SEC approval on a physically-backed bitcoin ETF. Plus, his views on stablecoins.
a16z Exec Explains Firm's Vision on Web 3 as Facebook Renames Itself 'Meta'
Andreessen Horowitz (a16z)'s Tomicah Tillemann shares insights into the firm's Web 3 policy framework titled "We Deserve a Better Internet" and the challenges of getting U.S. lawmakers to embrace Web 3. This comes as Facebook has renamed itself "Meta," raising the potential threat of big centralized companies controlling the decentralized internet of the future. Plus, his views on CBDCs and stablecoins.
SEC vs OCC: Who's Regulating Stablecoins?
CoinDesk's Nikhilesh De discusses the outlook for stablecoin regulation following the latest details around the U.S. Office of the Comptroller of the Currency (OCC) and the Securities and Exchange Commission (SEC)'s stablecoin guidance.
Tether Enlists Startup to Help It Comply With Money Laundering Rules
The stablecoin issuer has started a trial partnership with Notabene, whose software tracks crypto transactions.
Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem Rollout
Novi, Facebook's digital wallet subsidiary, will go live in the U.S. and Guatemala in a pilot program without the Diem (formerly Libra) stablecoin, allowing users to trade the Paxos Dollar (USDP). Crypto exchange Coinbase will provide custody services for the program. "The Hash" team discusses the latest in the ongoing Diem drama despite ongoing regulatory pushback.
CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’ Claims
The Commodity Futures Trading Commission (CFTC) fined Bitfinex and Tether more than $42 million on allegations the USDT stablecoin was not fully backed at all times and Bitfinex violated a previous agency order. "The Hash" hosts discuss the charges and the outlook for stablecoin regulation.
Tether Has Loaned $1B to Celsius Network: Report
The stablecoin issuer has loaned billions of dollars to crypto companies, according to a Bloomberg investigation.
LUNA Hits All-Time Highs After Terra Network Upgrade
The Columbus-5 upgrade has altered the network’s token economics to place “deflationary pressure” on LUNA.
Rep. Tom Emmer on Crypto Regulation, CBDCs, Infrastructure Bill
During Thursday’s House Financial Services Committee meeting, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies but signaled stablecoins need greater regulatory oversight. Committee member Rep. Tom Emmer (D-Minn.) reacts.
