STASIS Stablecoin Digest 26.04.2020
Main page Digest, Fintech, Startups, Crypto Market, Stablecoins

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Regulation and monetary policy

Hong Kong’s First Approved Crypto Fund Seeks $100M Target

Venture Smart Asia has launched Hong Kong’s first approved cryptocurrency fund with a target of $100 million under management for its first year.

India’s Lift of Cryptocurrency Trading in the Context of COVID-19

In one of 2020’s biggest stories about cryptocurrencies so far, the Indian Supreme Court struck down a blanket ban on trading cryptocurrencies issued by the Reserve Bank of India earlier in the year. Then, March happened, and everything changed as COVID-19 spread around the world, inducing quarantines across the world and stoking unprecedented volatility in financial markets.

How Will the New Estonian Framework Impact Its Crypto Exchange Market?

Since the beginning of the banking renaissance and the establishment of Fintech as an independent banking field, crypto exchanges have tried to find the appropriate license that will enable them to conduct their business with a minimum level of regulation, whilst still adhering to the regulatory framework.

Dutch Central Bank Wants to Lead Digital Euro Project

De Nederlandsche Bank, the Dutch Central Bank, wants to lead the development of central bank digital currencies (CBDC).

Cuba's First P2P Bitcoin Exchange Launches Amid Regulatory Uncertainty

Italian-Cuban entrepreneur launches Cuba’s first decentralized Bitcoin exchange, but global regulations and slow internet connections could confuse the issue.

Clear Regulations Have A Positive Impact On Cryptocurrency Prices, Federal Reserve Bank of Dallas Reports

Cryptocurrency prices are quite susceptible to news, according to a recent paper. While, somewhat unsurprisingly, adverse announcements lead to immediate sharp declines, the establishment of clear regulations tends to mark serious market gains.

Analytics and opinions

Stablecoin On-Chain Activity Grows 800% in a Year

The on-chain activity for stablecoins has increased 800% in the last 12 months.

The Stablecoins Movement — Toward Stability in Crypto Assets

Blockchain technology is becoming more and more common in the traditional finance market with stablecoins and CBDCs — could these bring stability for the crypto industry?

Stablecoins Are Booming, But What Are The Tax Consequences?

Under the radar, stablecoins have experienced hypergrowth over the past few years. Coinbase reports that the total stablecoin market capitalization has risen to an all-time-high of over $9 billion. On-chain value transfers of USD Coin (USDC) have recently reached all-time-highs of nearly $400 million per day.

Central Banks — A Bad Influence on Decentralized Finance

Central banks affect decentralized finance, and decentralized finance affects central banks. Which could benefit from this ideological war?

Bank Of China Says Digital Yuan Will Not Cause Inflation

The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work.

Trustology CEO Says DeFi Will Become 'Predominant Mechanism' for Finance

Decentralized finance (DeFi) protocols could soon emerge as the world’s dominant liquidity pool if scaled effectively, according to Alex Batlin, the founder and CEO of cryptocurrency custody platform Trustology.

Bianco Research CEO Says Next Reserve Currency Will Be a Cryptocurrency

Jim Bianco, CEO and president of economics and finance analysis company Bianco Research, said he sees a cryptocurrency as the next reserve asset.

dForce Protocol Hacker Returns Almost All of Stolen $25M

The hacker behind the recent attack on the DForce DeFi protocol, which led to $25 million loses over the weekend, contacted the protocol developers and transferred most of the stolen funds.

Tether Printer Isn’t Pumping Up Crypto Prices, Researchers Find

Stablecoins are not driving up the price of Bitcoin and other cryptocurrencies, according to a new study from the Centre for Economic Policy Research.

How China’s New National Cryptocurrency Changes Everything

China is launching a national cryptocurrency. In this article, we’ll tell you what information is already known about the project at the moment as well as how it may change the financial world.

New projects, partnerships, and investments

Crypto Trading App Robinhood Reportedly Seeks $250M After March Outages

Popular stock and cryptocurrency trading app had a lot of problems in March, and is reportedly trying to make up for it with help from a new injection of cash.

Bitcoin Smart Contract Solution RSK Sees New Stablecoin and Leveraged Token

A startup has launched a leveraged token and a decentralized stablecoin based on Bitcoin (BTC)-powered RSK and its second layer solution Infrastructure Framework layer (RIF).

Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token.

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