EU watchdog warns about the risk of a bank run on stablecoins

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds. In an interim report released on Nov. 19, examiner Shoba Pillay made a number of stark observations in her court-appointed investigation into the bankrupt cryptocurrency lending platform.…

Speaking at BlockShow Asia 2019, aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations.aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that operate with UnionPay, Mastercard, and Visa. They…

Frankfurt bank and financial services firm Commerzbank tested blockchain-based machine to machine payments with trucks produced by the firm behind the Mercedes-Benz auto brand, Daimler.Automated, human-free, paymentsAccording to a Commerzbank press release published on Aug. 8, the bank tested the exchange and settlement of payments between an electronic charging point and a Daimler truck system…

The Graph launched its mainnet in December 2020 and is already being used by leading DeFi protocols and EVM-centric chains. 843 Total views 10 Total shares Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still…

BlackRock CEO Larry Fink previously praised Bitcoin as digital gold and said that most investors should have a small Bitcoin allocation. 4917 Total views 3 Total shares BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin (BTC), valued at over $47.8 billion — making the

Blockchain in the gaming industry is one of the space’s hot topics of 2019. This year is catching the interest of both young independent developers and large corporations. Conferences and hackathons are periodically held around the world for developers to search for new ideas for integrating blockchain into games.The main advantages of blockchain are its…

NFT platform Magic Eden recorded an NFT trading volume of $756.5 million in March, surpassing its rival Blur.

The final vote was delayed due to issues in the translation of the 400-page legal document. 405 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was…