Is oversight a foregone conclusion?
Steven Parker, CEO of cryptocurrency wallet app Crypterium and former general manager of Visa’s Central and Eastern Europe network, told Cointelegraph that there is absolutely no future stablecoin environment that does not end in regulations that are, at least, on par with the rules that banks are subject to today. He highlighted that Sir John Cunliffe, deputy governor of the Bank of England, recently commented that the continued growth and use of digital currencies could lead to a major fina...
Is oversight a foregone conclusion?
Steven Parker, CEO of cryptocurrency wallet app Crypterium and former general manager of Visa’s Central and Eastern Europe network, told Cointelegraph that there is absolutely no future stablecoin environment that does not end in regulations that are, at least, on par with the rules that banks are subject to today. He highlighted that Sir John Cunliffe, deputy governor of the Bank of England, recently commented that the continued growth and use of digital currencies could lead to a major fina...
Are regulations the way to move forward?
Upon reaching out to Circle, a spokesperson for the company told Cointelegraph that the firm, for a long time now, has been fully supportive of U.S. Congress establishing federal supervision for issuing stablecoins, adding:“The rapid scaling and strategic importance of this to dollar competitiveness in the age of crypto and blockchains is critical. We also know that, much like with the creation of the internet, it’s only through a rigorous public-private sector collaboration that people every...
Are regulations the way to move forward?
Upon reaching out to Circle, a spokesperson for the company told Cointelegraph that the firm, for a long time now, has been fully supportive of U.S. Congress establishing federal supervision for issuing stablecoins, adding:“The rapid scaling and strategic importance of this to dollar competitiveness in the age of crypto and blockchains is critical. We also know that, much like with the creation of the internet, it’s only through a rigorous public-private sector collaboration that people every...
Stablecoin issuers poised to be banks of the future on road to adoption
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time. That said, stablecoins, a class of cryptos that have their value pegged to a fiat currency, have seen their usage increase dramatically in recent months thanks, in large part, to their ability to help investors get their feet wet wi...
Stablecoin issuers poised to be banks of the future on road to adoption
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time. That said, stablecoins, a class of cryptos that have their value pegged to a fiat currency, have seen their usage increase dramatically in recent months thanks, in large part, to their ability to help investors get their feet wet wi...
Obscure token spikes 900% due to name likeness with new COVID variant
A relatively obscure cryptocurrency called Omicron (OMIC) has surged to an all-time high as of Monday as a new fast-spreading COVID-19 variant got christened with the same name. The bond-based yield farming project began life in early November as a fork of the OlympusDAO DeFi protocol, but it shares no other connection to the virus aside from the name. Omicron’s OMIC token hit an all-time high of $689 during the Monday morning Asian trading session. The move has added another 200% gains on th...
Obscure token spikes 900% due to name likeness with new COVID variant
A relatively obscure cryptocurrency called Omicron (OMIC) has surged to an all-time high as of Monday as a new fast-spreading COVID-19 variant got christened with the same name. The bond-based yield farming project began life in early November as a fork of the OlympusDAO DeFi protocol, but it shares no other connection to the virus aside from the name. Omicron’s OMIC token hit an all-time high of $689 during the Monday morning Asian trading session. The move has added another 200% gains on th...
Crypto is a hedge for 46% of Russian retail investors, survey states
Almost half of retail investors in Russia believe that cryptocurrencies like Bitcoin (BTC) are a hedging asset associated with stable income, according to a new survey. Financial publication Investing.com has polled 1,000 Russian retail investors to find out the most requested types of alternative investments. According to the survey, as many as 46% of respondents viewed cryptocurrencies as a potential defensive asset allowing them to hedge against financial risks at times of an economic cris...
Crypto is a hedge for 46% of Russian retail investors, survey states
Almost half of retail investors in Russia believe that cryptocurrencies like Bitcoin (BTC) are a hedging asset associated with stable income, according to a new survey. Financial publication Investing.com has polled 1,000 Russian retail investors to find out the most requested types of alternative investments. According to the survey, as many as 46% of respondents viewed cryptocurrencies as a potential defensive asset allowing them to hedge against financial risks at times of an economic cris...
