FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
CoinDesk’s policy team predicts the issues and topics that may take center stage over the next 12 months. Can you believe this year started off…
Tag: Stablecoins
Morgan Stanley Says Tightening in the Crypto Market Has Paused
While the market cap of stablecoins, an indicator of crypto liquidity, has stopped falling, demand for leverage has yet to start recovering, the bank said.…
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision. Michael…
3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year High as Crypto Crashed
Bitcoin’s evolution as a macroeconomic asset makes it more vulnerable to Fed jitters. While bitcoin tanked last week, pulling the broader crypto market lower, there…
Morgan Stanley Sees Crypto-Banking Regulation Arriving Faster Than Expected
The bank’s analysts say this is positive for crypto banks Silvergate and Signature. Regulators are looking to develop a set of rules for crypto banks…
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale…
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail. The…
Crypto Long & Short: Why Tesla’s Reversal Is Good for Bitcoin
The company’s recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?…
Nigerians Turn to Stablecoins for Protection Against Inflation
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation. Okeke Leticia Chigozie, a 28-year-old…
Bitcoin Tops $38K for First Time, Bringing Year-to-Date Gain to Over 30%
Continuing its torrid run, bitcoin topped $38,000 for the first time Thursday, a day after the leading cryptocurrency rocketed past $36,000 and $37,000. The price…