Tag: stablecoin

Facebook to Release its Own Cryptocurrency in 2020

Facebook to Release its Own Cryptocurrency in 2020

  • The cryptocurrency will supposedly be called GlobalCoin and will be of the stablecoin type.
  • Tests will begin by the end of this year and the digital asset is expected to be launched in a "dozen countries" by Q1 2020.
The building of the Central Bank of the Russian Federation

The Bank of Russia to Consider a Gold-Backed Cryptocurrency for Mutual Settlements

  • The Bank of Russia will consider issuing a gold-backed cryptocurrency to facilitate international settlements, local news agency TASS reported on May 23.
  • The consideration of a gold-backed cryptocurrency is perhaps surprising, considering that Russia has been famously anti-crypto in the past years.
Frankfurt skyline

European Central Bank: Cryptocurrencies Pose No Threat to Financial Stability

The European Central Bank (ECB) has publicly stated that cryptocurrencies do not have implications on monetary policy...
A judge's gavel

Bitfinex Allegedly Used Tether Funds to Cover $850 Million Loss

The New York Attorney General's office has alleged that cryptocurrency exchange Bitfinex has lost $850 million, and...