Stablecoin
The Revenue of DAI Stablecoin Issuer Plummets by over $4M in Q3
MakerDAO saw its revenue fall in 2022 Q3 as loans declined with few liquidations.The income fell by over $4 million, representing 86% from the previous…
Influential Finance Watchdog Proposes “Comprehensive” Crypto Rules
FSB proposes the centralization of stablecoin and liquidation of powerful crypto platforms.Significant price drops in Bitcoin and other altcoins contribute to unstable stablecoins.FSB is concerned…
New Draft of MiCA Lifts Earlier Limits On Non-EUR Stablecoins
MiCA bill removes restrictions on non-EUR stablecoins. The regulator’s legislation plans to regulate businesses that deal in crypto. Changpeng Zhao commends the bill. Recent news…
Upcoming US Bill Could Place Ban on Algorithmic Stablecoin
The US legislation could place a two-year ban on the algorithmic stablecoin. Bloomberg had obtained a copy of the drafted bill. Committee members have been…
Russian Entrepreneur Alexander Lebedev Readies Ruble Stablecoin
Alexander Lebedev plans on introducing a stable coin backed by the Ruble. ‘InDeFi has nothing to do with the Russian ruble,’ says Mendeleev, InDeFi CEO.…
Number of Addresses Reaching BUSD Hikes, Taps a New 3-Month High
BUSD’s receiving addresses (7d MA) reached a 3-month high of 64.173.The stablecoin is one of the few cryptos in green lane today.Existing balances and new…
FASB Crypto Accounting Review Won’t Include NFTs And Stablecoins
FASB’s crypto accounting review excludes NFTs and certain stablecoins.This move is because they (NFTs and stablecoins) don’t conform to some of FASB’s requirements.Businesses possessing crypto…
Japanese Regulators Plan to Ease Tax Rules for Crypto Investors
Japan’s FSA is proposing tax breaks for crypto investors.Crypto profits, including unrealized gains, are taxed at roughly 30% currently.Japan established a legal framework for stablecoins.…
