Stablecoins

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

The Financial Services Agency (FSA), Japan’s crypto market regulator, has issued a renewed warning to the Japan Virtual Currency Exchange Association (JVCEA), the country’s crypto exchanges self-regulatory body, about the October full-scale implementation of FATF travel rules for crypto. Local news outlet CoinPost reports that the FSA also criticized the management of the JVCEA. In particular, the …

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CoinFlex creditors overwhelmingly back restructuring plan in early voting

CoinFlex creditors overwhelmingly back restructuring plan in early voting

QUICK TAKE CoinFlex’s creditors have overwhelmingly backed the crypto exchange’s restructuring plans in the early hours of voting on the proposals. The company plans to turn over 65% of its equity to creditors and vest 15% to employees. CoinFlex’s creditors have overwhelmingly backed the Seychelles-based crypto exchange’s restructuring plans in the early hours of voting on the …

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Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets. Dubbed Assembly Bill 2269, the bill aimed to create a licensing regime for anyone hoping to facilitate crypto transactions, topping the existing regulatory hurdles that players in the crypto ecosystem …

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Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

The crypto space is fraught with several opportunities to reward individuals for participation. In less than two weeks after its launch, SWEAT is focused on becoming the new king in the move-to-earn niche, taking the crown from STEPN. The free move2earn blockchain platform started as a web2app in 2016, rewarding every user with one Sweatcoin for every 1000 …

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Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Contents Getting closer to 50 EMA Volume still fading Despite the problematic price performance of SHIB we saw recently, the famous memetoken is now moving upwards against the assumptions most analysts made about the dog-themed cryptocurrency. Getting closer to 50 EMA The exponential 50-day moving average is an important price level that needs to be …

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Metaverse land trading volume drops 98% from its peak in 2021

Metaverse land trading volume drops 98% from its peak in 2021

After unprecedented growth in 2021, trading volume for virtual land in the metaverse has plunged alongside the wider crypto market price collapse. Indeed, virtual trading volume tracking sales for 18 metaverse virtual land projects plunged by about 98% from 2021’s high as of September 12, 2022. The volume peaked in November 2021 at slightly above $8 million, according to Delphi Digital data published …

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ALTCOINSTether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure

ALTCOINSTether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure

Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost crypto traders over $1 trillion. In 2019, several crypto traders joined hands and prosecuted Tether and Bitfinex, its partner company, with allegations …

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TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraUSD Classic (USTC), which collapsed dramatically —  making the entire ordeal one of the single-biggest capital destructive events in the history of crypto. U.S. House Lawmakers Propose Stablecoin Regulation The House is debating …

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Metaverse Tokens SAND and MANA See Price Breakout on the Horizon

Metaverse Tokens SAND and MANA See Price Breakout on the Horizon

Both The Sandbox (SAND) and Decentraland (MANA) are trading inside short-term bullish patterns and are showing signs of impending breakouts. SAND is the native token of The Sandbox, a blockchain-based virtual world that allows users to create, buy and sell digital assets in the form of a game. The Sandbox is on a massive metaverse adoption goal to build …

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Why Shiba Inu [Shib] Community Should Be Hopeful For Q4 2022

Why Shiba Inu [SHIB] community should be hopeful for Q4 2022

Shiba Inu holders are finally getting some relief after their token became the latest victim of the crypto slide. One of Shiba Inu’s leading developers, Shytoshi Kusama announced the arrival of important updates to the Shiba ecosystem. According to Kusama, the updates will be “great for Shib (SHIB token), Shiboshi holders, and Shibarium.” Could this …

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