Billionaire investor Ray Dalio has explained that fiat currencies are in serious "jeopardy" as a powerful store of wealth. But he still doesn't believe that Bitcoin (BTC) and stablecoins will be the solution either. Dalio, founder of hedge fund Bridgewater Associates, explained on the CNBC Squawk Box Feb. 2 that The large print of the US dollar and other reserve currencies led him to question whether these were forms of “Effective money”? “We live in a world where fiat money...
Radius Expert in writing news articles related to Bitcoin, Cryptocurrencies and Blockchain both in Thailand and abroad, updating prices, investment perspectives. latest every day source site
Radius Expert in writing news articles related to Bitcoin, Cryptocurrencies and Blockchain both in Thailand and abroad, updating prices, investment perspectives. latest every day source site
Japan's new regulations that will allow investors to trade using stablecoins such as Tether (USDT) are expected to be implemented no later than June 2023, according to local financial authorities. Japan's Financial Services Agency (FSA) is working on lifting the ban on stablecoins in the country, with plans to allow some stablecoins later this year. “This does not mean that all foreign products of so-called ‘stablecoins’ will be allowed without any restrictions,” a spokesperson for Japan’s FSA said in a...
Radius Expert in writing news articles related to Bitcoin, Cryptocurrencies and Blockchain both in Thailand and abroad, updating prices, investment perspectives. latest every day source site
Japanese regulators Considering removing the limitation of cryptocurrency some important This involves the use of stablecoins such as Tether ( USDT ) or USD Coin ( USDC ). Japan's Financial Services Agency (FSA) will lift a ban on the sale of foreign-issued stablecoins in the country in 2023, local news agency Nikkei reported. reporton December 26 New regulations for stablecoins in Japan will allow exchanges in the country to manage trading of stablecoins under the condition of preserving assets by...
Charles Hoskinson, CEO and founder of Input Output Global (IOG), has revealed that he is excited about the idea of algorithmic stablecoins and is confident that it will break the fiat monopoly. Hoskinson took to Twitter to share his views on algorithmic backed stablecoins, such as digital currencies that are technically designed based on smart contracts. The concept of algorithmic stablecoins is how we get nation states off of fiat currencies. It's the gold standard of the digital age. Use...
The founder of the Tron network, Justin Sun, has moved $6.1 million in stablecoins from the decentralized lending protocol TrueFi, one of Alameda Research's subsidiaries. Blockchain transaction data shows Justin Sun cashed out in four transactions on Thursday, moving the 2.4 million USDT, 2.1 million USDC, 1 million TUSD and 673,000 BUSD contained in the lending protocol. The crypto wallet was identified as owned by Sun by crypto intelligence platform Arkham. Intelligence and Nansen TrueFi is a decentralized lending protocol....
The trustee tasked with overseeing Celsius Network's bankruptcy proceedings asked a federal court judge in New York. Reject Celsius's latest move to reopen customer withdrawals. and selling a $23 million stablecoin holdings, this is too urgent and not timely. in the submissionopposeOn Friday, lawyers for the US Trustee Program argued that it should be denied at least until an independent investigator's report, with Shoba Pillay, a Chicago partner at Jenner & Block law firm Jenner & Block, was appointed investigator...
JP Morgan Chase CEO Jamie Dimon believes stablecoins should be properly regulated. He spoke at a parliamentary hearing on Wednesday. Representative Josh Gottheimer (DN.J.) asks Dimon what makes him seem less interested in Are there cryptocurrencies and Dimon worried that other countries will dominate the digital asset space if the US? No action was taken, and the New Jersey representative also referred to his own bill. This will determine the qualifying cryptocurrency. and create consumer and investor protection “There would...
