(source: en.wikipedia.org)
Stablecoins continue to seek mainstream usage and acceptance, and this week, Ripple was at the forefront. The company spent the week securing more places for its dollar stablecoin to be held, traded and used. Agreements with Coinbase, Robinhood and BNY, alongside federal approval for a...
Former Swift CEO Lazaro Campos joined stablecoin yield infrastructure provider OpenTrade as chair of the board, OpenTrade CEO and Co-Founder David Sutter said in a Thursday (Oct. 29) post on LinkedIn. During his 25 years at Swift, Campos led a full strategic and financial transformation...
Ripple has begun listing its RLUSD stablecoin on Coinbase’s institutional and retail platforms. Clients can now trade and manage RLUSD through Coinbase Prime, Coinbase Exchange, and the Coinbase Retail application, Ripple announced Wednesday (Oct. 28), with availability on Coinbase Global Exchange, including the use of RLUSD as trading collateral,...
It has been a busy week so far for blockchain company Ripple. The company received regulatory permission to begin operating its own bank, Ripple National Trust Bank, according to a Monday (Oct. 26) press release, and on Tuesday (Oct. 27) announced new partnerships with BNY...
Canada began a 60-day consultation period on draft stablecoin regulations, CoinDesk reported Monday (Oct. 26). The regulations uphold a ban on yield payments and require nonbank issuers to keep their reserves with Canadian financial institutions, the report said. The consultation, which ends Dec. 23, is...
A flaw in bitcoin software wallet Electrum reportedly allowed cybercriminals to dupe users into signing over payments. As CoinDesk reported Monday (Oct. 26), Electrum revealed this vulnerability over the weekend, saying some servers had begun exploiting it. Developers had gotten two reports this month, including one from a user...
Bitcoin holders borrowing to finance leveraged trading retain their original investment and take on another source of exposure. Their coins continue to fluctuate, the financed position produces its own gains or losses, and the dollar loan remains payable regardless of either result. The attraction is...
SoFi Technologies is rolling out a tokenized deposit for consumers that enables SoFi Crypto members to earn interest while keeping their funds accessible when needed, the company said in a Thursday (Oct. 22) press release. Each SoFi Earn (SOFIE) tokenized deposit represents $1 held on...
The week in digital assets was dominated by regulation. The net-net of a wild week? Banks face renewed competition for customers’ cash after federal regulators left room for cryptocurrency platforms to offer stablecoin rewards, setting up a contest over returns that could affect the cost...