Dogecoin: 7th cryptocurrency accepted on Coinbase
Dogecoin has joined the ranks of the other six cryptocurrencies accepted by merchants on Coinbase’s e-commerce network, according to a Twitter announcement. In addition to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and stablecoins Dai and USD Coin, the platform now accepts the following cryptocurrencies: (USDC). The Coinbase Commerce interface with Coinbase.com allows […]
MakerDAO to revert to its decentralised state again
During the next couple of months, MakerDAO intends to finish its roadmap toward decentralised governance by dissolving its foundation. In a recent announcement, MakerDAO , the pioneering decentralised financial system, revealed that its foundation will be formally dissolved in the coming months, marking the completion of one of the final steps on the protocol’s route to […]
U.S. Treasury Secretary urges regulators to “act quickly” to deal with stablecoins
A meeting with the President’s Working Group on Financial Markets was held in which U.S. Treasury Secretary Janet Yellen discussed the use of stablecoins. The US Treasury Secretary met with members of the President’s Working Group on Financial Markets and representatives from numerous US financial institutions to address the risks posed by the expanding stablecoin […]
Financial agencies in the US will meet to discuss the future of stablecoins
The need to regulate stablecoins is gradually becoming a general thing, earlier on Japan had called for a regulation on stablecoins. Now the US intend to discuss the regulation of stablecoins, and its potential benefits and risks. Janet L. Yellen, the United States Secretary of the Treasury, announced intentions to convene the President’s Working Group […]
Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]