Tag: stablecoins
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Kenya has the highest percentage of cryptocurrency owners in Africa. UNCTAD data indicate
According to the most recent data from the United Nations Conference on Trade and Development (UNCTAD), Kenya has the highest percentage of people who own cryptocurrencies out of all the African nations. UNCTAD stated that it advises the imposition of taxes that discourage cryptocurrency trading in order to counter the growing use of cryptocurrencies. The…
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In the midst of political and economic uncertainty, Argentina Turns to Stablecoins
Stablecoins are being used by Argentineans to protect their savings against recent uncertainty brought on by the resignation of a number of important government officials. Along with other notables, the country’s minister of economy resigned over the weekend, causing unrest that led to an increase of 11% in the price of stablecoins on some exchanges.…
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After the Terra Meltdown, the UK confirms its commitment to regulate stablecoins.
Following the collapse of Terra USD (UST) and terra, the British Treasury Department has reaffirmed its commitment to regulate stablecoins (LUNA). “This will allow issuers and service providers to operate and grow in the United Kingdom while maintaining financial stability and high regulatory standards,” an HM Treasury spokesperson said. HM Treasury, the U.K. Treasury Department,…
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Senator for the United States of America on Bitcoin: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Rich
U.S. Senator Elizabeth Warren has argued that cryptocurrency is not a path to financial inclusion like crypto advocates claim. “Bitcoin ownership is even more concentrated within the top 1% than dollars,” she said, emphasizing the need for “real solutions to make the financial system work for everyone, not just the wealthy.” Senator Elizabeth Warren on…
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UST Becomes the Largest Decentralized Stablecoin in Market Capitalization
UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects…
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Quick Coin Feeds | Nov 26, 2019
Major crypto/blockchain news of the day summarized in a way that you don’t miss a single news without having to spend a lot of time.
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Investment App Abra Expands US Offerings With 60 New Cryptos
Abra is expanding its U.S. offerings, adding support for 60 new cryptocurrencies and doubling users’ bank deposit limits. The crypto wallet and investment app provider announced Tuesday that U.S. customers are now able to deposit, withdraw or trade bitcoin SV, DAI and cosmos, among many other crypto assets. Additionally, customer withdrawal and deposit amounts will…