Bank
Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path
The minor alternative stablecoin, which has an issuance of $3.7 million, dropped from its normal price of $0.97 to as low as $0.39 Monday after a shakeup in ibEUR’s main trading pool left the asset’s markets imbalanced. At press time ibEUR had recovered to $0.72 after risk-prone traders piled in, hoping for a path back…
Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of…
Digital Bank Revolut to Suspend UK Crypto Services Citing FCA’s New Ad Rules: CityAM
The pause was put in place to give the company time to adjust its current business crypto offering to make sure all of the new requirements set by the U.K. regulator in the “back end” Direct Offer Financial Promotion (DOFP) rules, which will be entering into force on Jan. 8, 2023, are met, a source…
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said. Source link
Inside the milk bank creating infant formula for orphaned animals
Sherman the screaming hairy armadillo pup being fed a custom infant formula Roshan Patel/Smithsonian’s National Zoo/Conservation Biology Institute Orca milk smells dizzyingly fishy. Seal milk has a rich orange hue. Reindeer milk, perhaps fittingly, is as thick as eggnog. Not that I am tempted to try it, or any of the other unusual milks I…
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
Chu says CBDCs “can serve as the operational basis for tokenization” as traditional financial institutions increasingly experiment with digitizing real-world assets. But these innovations may also pose significant risks to financial stability, consumer protection, anti-money laundering measures and market integrity, Chu warned. Source link
Growth of Asset Tokenization on Blockchains Could Lead to Greater Risks to Financial Stability: Bank of England
That increasing size could pose risks for the wider financial environment, the bank said. The boom could “increase the interconnectedness of markets for crypto assets and traditional financial assets (since they are represented on the same ledger); and create direct exposures for systemic institutions,” the report said. Source link