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    U.S SEC, OCC issue first regulatory guidance for stablecoins

    U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should be treated under...

    • 7 hrs ago
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    Digital Euro will strengthen payment systems: Christine Lagarde

    President of European Central Bank, Christine Lagarde said that incoming data suggested that Europe's economic recovery was uncertain and that introducing a digital Euro would strengthen the European payment system. The President said in a speech addressed to a joint meeting of parliamentary deputies from France and Germany on Monday. Lagarde said the "Eurosystem"...

    • 8 hrs ago
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    People's Bank of China: issuing CBDC is a new global 'battlefield'

    An article published in China Finance, a magazine run by the People's Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to "reduce its dependence on the US dollar", according to a report published today. China Finance also sees issuing a digital currency as a "new battlefield" between nations. The central...

    • 10 hrs ago
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    EOS long-term Price Analysis: 21 September

    With a reported loss of 3.71 percent over the past 24-hours, EOS continued to struggle on the charts, with the crypto now well outside the top-10 of the market's rankings. While EOS's price has remained volatile for quite a while, the prevailing market trend has been bearish too. In fact, at the time of writing, EOS was trading at a price that was 53 percent below its yearly-high, and a...

    • 10 hrs ago
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    Challenging Ethereum? Non-ETH tokens are seizing the moment

    Change is the only constant in the world, and the digital asset market rightfully abides by these words. In fact, for Ethereum, change has been second nature, with various developments doing the rounds on its blockchain over the past couple of years. Today, we are at a point where while some tokens are migrating to Ethereum, other tokens are making a name for themselves (Chainlink being...

    • 12 hrs ago
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    FinCEN Files find British financial firm's connection to Mt Gox

    Leaked documents as part of the FinCEN investigation showed involvement of traditional financial firms including one Mayzus Financial Services and its connection to the Mt Gox cryptocurrency hack and theft, in the global financial corruption reports exposed by BuzzFeed News. FinCEN files contain 36 suspicious activity reports (SARs) on Mayzus Financial Services, which is the most...

    • 12 hrs ago
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    'Bitcoin's too volatile for me!' Fair enough, but does it actually hold water?

    If you speak to someone who has heard of Bitcoin but doesn't invest in it, their reason for the same would probably be something like this, "It's too volatile for me! I'd rather stick to stocks and bonds." Well, fair enough, but does it actually hold water? To answer this, we would have to put a number on the term "volatile." What...

    • 14 hrs ago
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    APY.Finance raises $3.6M investment from leading investors

    ​APY.Finance​ (APY), an automated yield farming platform raised $3.6 million in funding according to a release shared with AMBCrypto today. The funding announcement has come in after APY.Finance CEO, Will Shahda introduced the self-proclaimed 'wealthfront for DeFi' in a blog last month, that also mentioned its alpha launch in mid-October. Continuing from the last...

    • 15 hrs ago
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    Cardano long-term Price Analysis: 21 September

    Most of the industry's altcoins are struggling to make-do in the present market. With all the bullish market momentum fizzling out in early-September, new monthly lows are being registered every single day. In fact, even Bitcoin seemed to be losing value at the time of writing, after many alts hoped the king coin's price movement will brush off them. Cardano is one such altcoin and its...

    • 15 hrs ago
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    Ethereum long-term Price Analysis: 21 September

    Ethereum, though the market's second-largest cryptocurrency by market cap, has traditionally been loyal to Bitcoin's price movement. Where Bitcoin goes, Ethereum follows. The same was noted to be happening, at press time, with Ethereum about to break out of the bearish pattern following Bitcoin's cues. Trading at $369, at the time of writing, we might see Ethereum head back to $340...

    • 17 hrs ago

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