👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Japan Virtual and Crypto assets Exchange Association (JVCEA) plans to ease its strict screening process for listing new cryptocurrencies after the Japanese government expressed some concerns about the process, Bloomberg News reported. JVCEA is responsible for assessing the crypto assets that…
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the dollar on Sunday but fell further in the last 24 hours. Though it is gradually recovering, it’s still trading below a dollar….
With the crypto market going through circles of red runs, gold-backed stablecoins like Pax Gold (PAXG) and Tether Gold (XAUT) are defying the odds and are returning positive returns for their investors, according to a Reuters report. Gold-backed coins have been on the up in 2022 Per the report, the assets have performed positively even…
In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded “No, not at all.” Letting stablecoins coexist and compete against a Fed digital dollar has big implications….
The long-held reign of DAI as the leading decentralized stablecoin, by market cap, has come to an abrupt end. One of the stablecoins within the Terra ecosystem, UST, now sits in the pole position of the largest decentralized stablecoin by market cap, earning UST a seat among the top 20 crypto projects by market cap….
Senator Elizabeth Warren in her recent submission to the US Senate Banking, Housing, and Urban Affairs Committee has urged regulators to place a lid on the burgeoning DeFi sector by paying more attention to stablecoins. DeFi is the most dangerous space in crypto While describing DeFi, the U.S Senator said decentralized finance is the most…
In his latest remarks about cryptocurrencies, the United States Securities and Exchange Commission chair, Gary Gensler, has compared stablecoins to instruments for gambling at old-timey casinos. Stablecoins like poker chips This came on Tuesday while Gensler spoke with David Ignatius, a columnist with Washington Post; he said several cryptocurrency projects fall under securities that SEC…
Press Release: The Corion and Syscoin non-profit foundations have announced a partnership to address blockchain market interoperability issues and accelerate stablecoin adoption. The CorionX IEO third round started on the 5th October, 2020 6th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The…
Bitcoin Press Release: CorionX is a utility token and pioneer for the adoption, development of stablecoins, cryptocurrency education, DeFi, and CBDC’s. The CorionX (CORX) IEO second round will run with a limited amount of tokens from August 18th to September 1st, 2020. 12th August 2020, Switzerland – Swiss-based Corion Foundation launched in 2016, and focuses…