Russia Explores Stablecoins for Settlements With Friendly Nations

September 7, 2022 Bitcoin.com

bitcoin.com

Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that the Russian Federation needs to legalize cross-border crypto payments in the face of sanctions. Russia Looking to Build Stablecoin Platforms to Facilitate Trade With Partners […]

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Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores

August 19, 2022 Bitcoin.com

bitcoin.com

Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores. Crypto Platform Whitepay Launches Coin Payments in Major Tech Stores in Ukraine Whitepay, […]

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While Gains Have Been Slower Than Most Crypto Assets, Meme Coin Economy Swells by 24%

August 13, 2022 Bitcoin.com

Baby Doge Coin

While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%, tapping $18.1 […]

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Coinbase Partners With World’s Largest Asset Manager Blackrock to Give Aladdin Clients Access to Cryptocurrencies

August 4, 2022 Bitcoin.com

Aladdin

On August 4, the head of Coinbase Institutional, Brett Tejpaul, and the vice president of institutional product, Greg Tusar, announced that Coinbase has been selected by the financial giant Blackrock to provide the firm’s Aladdin platform access to cryptocurrencies. Blackrock Chooses Coinbase to Connect Aladdin Clients to Crypto Coinbase’s institutional arm will help the world’s […]

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Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

July 23, 2022 Bitcoin.com

Bank Indonesia

The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year End Indonesia’s monetary authority is […]

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Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months

July 11, 2022 Bitcoin.com

Rebase Token Economy Dropped From Billion to 7 Million in 7 Months

90% losses

Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 million. Olympus has dropped 99% since the asset’s all-time high (ATH), klima dao shed 99.9%, and wonderland is down 99.8% from its ATH. […]

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Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

June 29, 2022 Bitcoin.com

Andrew Kaplan

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with […]

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BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off

June 23, 2022 Bitcoin.com

Agustin Carstens

The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point, you really have to face the music.” BIS on Crypto Weaknesses The Bank of […]

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Tether Launches Stablecoin Pegged to the British Pound Sterling

June 22, 2022 Bitcoin.com

Altcoins

Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT. Tether Launches the Company’s 4th Fiat-Pegged Crypto Asset On June 22, 2022, […]

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Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July

June 11, 2022 Bitcoin.com

Just Above Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July

Avalanche

The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low […]

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