Stablecoin Policy Interest Remains Hot as Finance Bigwigs Dish on CBDCs

While cryptocurrency prices aren’t doing so well right now, the debate over crypto legislation is heating up. In recent days, prominent financial heavyweights have weighed in on the market, particularly the stablecoin asset class. As more countries choose to regulate cryptocurrency, there has been discussion regarding whether CBDCs are a worthwhile endeavor. According to what … Read more

Paraguay Sets Framework to Regulate Crypto Trading and Mining

The measure in Paraguay was adopted with changes by the country’s Chamber of Deputies. As the measure gets closer to becoming law, it will be sent back to the Senate. Paraguay is the newest country to join the Web3, blockchain, and cryptocurrency revolution. Following the adoption of bitcoin as legal cash in El Salvador and … Read more

Fed’s Brainard: We can’t take global status of U.S. dollar for granted

According to Federal Reserve Vice Chair Lael Brainard, the world is swiftly moving toward more usage of digital payments, and an official digital version of the US dollar might help protect the country’s worldwide supremacy when other governments issue their own. According to Federal Reserve Vice Chair Lael Brainard, the world is swiftly moving toward … Read more

Crypto Lender Babel Finance Valued at $2 Billion After Latest Fundraising

Babel Finance, a cryptocurrency lender and asset management located in Hong Kong, said on Wednesday that it has secured $80 million in a fresh investment round valued at $2 billion. Jeneration Capital, Circle Ventures, and 10T Holdings, as well as current investors Dragonfly Capital and BAI Capital, participated in the Series B investment round. A … Read more

TerraUSD Developers Vote to Create New Blockchain Without Failed Stablecoin

According to a tweet from the Terra blockchain protocol, developers behind the failed stablecoin TerraUSD have chosen to ditch the token in favor of building a new blockchain and digital asset weeks after the cryptocurrency crashed. TerraUSD’s value was created by complicated computational procedures, connected to another matched token called Luna, unlike most other major … Read more