Ad The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry. On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the U.S. The market reacted switftly to the filing, with…
Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago
Ad ETC Group, a digital asset-backed securities provider, announced today that it would list Europe’s first index-based crypto ETP based on an index from Morgan Stanley. The ETP will be based on the MSCI Digital Asset Select 20 ETP and is set to launch on Germany’s Deutsche Börse XETRA in April. MSCI developed the index…
Ad Decentralized exchanges Launch Zone (LZ) and BSCex (BSCX) are suffering contract vulnerabilities — losing over $7.7 million to it already, according to crypto sleuths Scam Sniffer and SlowMist. The vulnerability was detected on Mar. 27 at around 3:00 am UTC, and over 34,000 wallets are at risk, according to data Scam Sniffer shared. The…
Ad Switzerland-based startup Centi announced the launch of a stablecoin pegged to the Swiss franc on March 21, according to a press release. The token is called the Centi Franc Stablecoin (CCHF), and it will be backed 1:1 by a Swiss bank guarantee. The company said that the CCHF coin will serve as the “basis”…
Ad Stablecoin issuer Circle has warned its community about a fake USD Coin (USDC) airdrop on the Twitter account of its chief strategy officer and head of global policy, Dante Disparte. In a March 22 statement, Circle wrote that any links to offers were scams, adding that a scammer took over Disparte’s account. CEO Jeremy…
Ad USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe. In a March 21 statement, the stablecoin issuer added that registering with the authorities would allow its Euros-pegged stablecoin Euro Coin (EUROC) to become a…
Ad The Djed stablecoin would soon be available on Ethereum, Binance Smart Chain (BSC,) and others. COTI CEO Shahaf Bar Geffen said COTI had always planned for Djed to branch out from Cardano into other blockchains, but recent stablecoin turbulence has accelerated the move. Stablecoin turbulence Recent weeks have seen significant rumblings in the stablecoin…
Ad Binance CEO Changpeng “CZ” Zhao highlighted how Tether’s USDT has grown amidst the issues plaguing its rivals. In a March 21 tweet, Zhao described how Binance USD (BUSD) was forced to stop other mints despite being regulated by the New York authorities and audited by “big audit firms.” According to him, BUSD was “the most fiat-backed…
Ad Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by mutual partner Marqeta in a March 20 press release. The partnership will allow Stables — which currently offers a digital wallet and stores balances in the USDC stablecoin — to issue Mastercard prepaid cards through Marqeta. Marqeta Mastercards will power…