Tether eyes 51% stake in South American firm Adecoagro

The metaverse and NFTs are in the crosshairs of the People’s Bank of China, which wants to track them with Anti-Money Laundering tools. 1182 Total views 13 Total shares China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFT), an executive at the People’s Bank of China (PBoC) recently implied.Speaking at a…

Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.

Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra, as reported by CNN Tech Reporter Brian Fung in a series of tweets June 18.In her statement, Rep. Waters explained:“Given the company’s troubled past, I am requesting that Facebook agree…

A newly launched DeFi platform promises to always find the best yield for its users by taking advantage of variable interest rates and reward schemes. 766 Total views 15 Total shares A new decentralized finance platform is set to ride the yield farming wave by automating the process of finding the most efficient opportunities for…

The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted. 495 Total views 28 Total shares Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala…

There has been a rapid escalation of the COVID-19 coronavirus outbreak worldwide. Two major crypto conferences in the US have been affected by the epidemic so far.“Bitcoin 2020”, originally scheduled for March 27 and 28 in San Francisco, has moved to Q3 of 2020. The Chamber of Digital Commerce also postponed next week’s “DC Blockchain…

The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations.On April 8, the Texas State Securities Board (TSSB) issued an emergency cease and desist order against Ultra Mining, alleging that the crypto mining firm is involved in diverse illicit activities including…

Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said. 930 Total views 1 Total shares Analysts at the American multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted.According to the analysts, a European…