Stablecoin
Bitfinex Hack Laundering Suspects to Testify Before DC District Court
The Washington D.C. court convenes today for a hearing with Ilya Lichtenstein and Heather Morgan, two suspects arrested on allegations they conspired to launder $3.6 billion in bitcoin from the 2016 hack of crypto exchange Bitfinex. CoinDesk's Nikhilesh De discusses the details released so far and the possible outcomes. Plus, stablecoin hearings continue.
Blockchain Firm Millicent Wins UK Government Funding to Develop CBDC
London-based blockchain-powered firm Millicent has won a prestigious research grant from the U.K. government to develop a central bank digital currency (CBDC). Kene Ezeji-Okoye, co-founder and president of Millicent, shares his insights into the firm's latest projects, including creating regulator complaint stablecoins and a "highly secure blockchain." Plus, addressing privacy concerns of a potential digital pound.
Bithumb Goes for Olympic Gold; India Crypto Tax Questions
Japanese megabank to take advantage of stablecoin law. Korea’s Bithumb gets in on Winter Olympics action. Lack of clarity clouds India crypto tax. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Stablecoin Regulation Takes Center Stage at House Hearing Tuesday
The House Financial Services Committee is meeting to discuss stablecoin regulation Tuesday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we can expect.
Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report
ZPG coin will also be used for digital payments, Nikkei Asia reported.
Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets
CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019.
DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging
Can the collapse of one stablecoin bring down a string of others?
Mobile-First Blockchain Celo Launches Stablecoin Tied to Brazilian Real
As of Thursday, three Brazilian crypto exchanges will list the cREAL.
Diem to Sell Assets to Silvergate Bank for $200M: Report
The star-crossed project had been in discussions with investment bankers to sell its key assets and return money to investors.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
