Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire

Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire.  In a panel discussion at the World Economic Forum’s Annual Meeting, titled “Remittances for Recovery: A New Era of Digital Money,” Allaire discussed all the features that make physical cash an ideal medium for exchange. There’s a reason why “cash is king,” he said, referring to physical money’s portability, privacy…

Stablecoin supplies and cash reserves in question amid crypto exodus

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The amount withdrawn from the top stablecoin is nearly double the $4.1 billion it held in cash reserves at the end of 2021 according to Tether’s latest reserves report from December 2021. To maintain Tether’s peg with the US dollar the company behind the token backs USDT with assets such as cash, bonds, and Treasury bills, the purpose being that…

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries – Bitcoin News

On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on the Entire Stablecoin Economy For a few years now, stablecoin assets have been a popular hedging vehicle among many participants within the cryptocurrency community. In more recent times, stablecoins are being loaned out in great…

📌 FERROU: Coinbase: “Caso Falirmos, suas Criptomoedas serão Nossas” 🤷🏻‍♂️

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Em documento enviado a Comissão de Valores Mobiliários (CVM — ou SEC) dos EUA, é possível encontrar a posição da Coinbase em como a mesma tratará os fundos dos usuários caso a empresa declare falência. Em outras palavras, os fundos dos usuários serão da empresa. ————— KriptoBR – Revenda Oficial América Latina ————— ——— Grupo Telegram KriptoBr ———- REDE SOCIAIS ————— ————— #coinbase #falência #notyourcoins ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC

Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView One day, $860 million more crypto liquidations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD erasing the impact of above-expectation United States inflation data, hitting $32,000 on Bitstamp. April’s consumer price index (CPI) print has sent the pair into a fresh tailspin, with $30,000 giving way to levels not seen since July 2021. As turmoil over Terra, its LUNA and TerraUSD (UST)…

UST’s Do Kwon Was Behind Failed Stablecoin Basis Cash

“Yo degens, anyone remember what Basis was? It was one of the early ‘DeFi’ algorithmic stablecoins with high ambitions, but it was shut down due to SEC-related risks,” said Rick’s since-deleted Telegram account in the Basis Cash Telegram channel on Aug. 20, 2020. “Today we’re bringing Basis back from the grave.” Source

Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade – Bitcoin News

Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to the chain, and CHIP-2021-02, which has to do with the activation of native introspection opcodes, directed to simplify the writing of smart contracts called covenants. Bitcoin Cash Prepares Contract Focused Upgrade A new upgrade is on the horizon in the new one-year Bitcoin Cash upgrade schedule, modified from its previous six-month cycle during…

⌛ Grande mudança da blockchain do Ethereum 2.0 é adiada (novamente) para o segundo semestre

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A fusão do Ethereum, que compõe uma parte fundamental da famosa atualização Ethereum 2.0, foi adiada até o segundo semestre de 2022, será que agora vai ? heheheh ————— KriptoBR – Revenda Oficial América Latina ————— ———- Grupo Telegram KriptoBr ———- REDE SOCIAIS ————— ————— #eth #ethereum #pos ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

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