Tether has ceased to be backed by commercial promissory notes

Most of the reserves of the USDT stablecoin are now US Treasury securities. According to the company, these are the safest and most liquid assets on the market Tether has announced that it has completely withdrawn commercial securities (promissory notes, unsecured short-term debt instruments issued by private companies) from the security of the Tether (USDT)…

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JPMorgan and Visa cross-border blockchain payments

Visa is working with JPMorgan in the field of blockchain connectivity. Visa B2B Connect will feature JPMorgan’s new Liink Confirm tool for verifying new accounts for cross-border payments and approving accounts during registration. Liink currently has more than 75 members worldwide live and has processed more than 60 million messages so far. Confirmation allows institutions…

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India’s Central Bank Plans to Launch Digital Rupee CBDC

The Reserve Bank of India (RBI) aims to raise awareness of CBDCs, which are being developed by a number of central banks around the world, and to clearly define the goals and choices, as well as the potential positive and negative elements of the introduction of the digital rupee in India. The document summarizes the…

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OpenSea will launch a constructor for the release of NFT

The Open Sea trading platform has announced its own constructor, which does not require special knowledge for the release of NFT. The NFT trading platform from Open Sea will provide users with the opportunity to create collections of images based on blockchain without any technical skills. The platform announced this in its blog. As part…

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Ripple’s capitalization has grown by $3 billion in two days

Altcoin has risen in price by 20%, while other leading cryptocurrencies have fallen in price The capitalization of the Ripple cryptocurrency (XRP) increased by $3 billion in two days. On the morning of September 19, it became known that one of the most high-profile court cases in the crypto industry, the US Securities and Exchange…

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The White House. The main goal is crypto.

Here we publish a block of quotes from representatives of the White House. “Digital assets pose meaningful risks for consumers, investors, and businesses,” the Biden administration said, adding there are “frequent instances of operational failures, market manipulation, frauds, thefts, and scams.” “The reports clearly identify the real challenges and risks from digital assets used for…

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Swiss SEBA Bank has launched an Ethereum stacking service

Swiss cryptobank SEBA has announced a service for institutional clients on Ethereum (ETH) stacking, which will allow them to receive remuneration for storing a second cryptocurrency. SEBA’s clients are pension funds, hedge funds, companies, etc. The terms of the contract state that customers will not be able to withdraw the glazed ether until the Shanghai…

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The main events of September

In the coming month, several events will occur at once, which may affect both the value of individual assets and the market as a whole BEAM Hard Fork (BEAM)In early September, the BEAM network will be updated on block number 1,920,000. After the fork, the reward for creating new confidential assets will be adjusted to…

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Cardano Reveals Launch Date For Vasil Upgrade

Cardano developers are conducting “extensive testing” of the Vasil update. The hard fork is planned to be activated “sometime in September,” said the founder of the project, Charles Hoskinson. “The next major lift is to get the exchanges on board. Binance is reporting that they’re currently upgrading by volume. Generally, what happens is after a…

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Grayscale admitted that Zcash, Stellar and Horizon may be securities

The specialists of the asset management company Grayscale Investments LLC admitted that the cryptocurrencies Zcash (ZEC), Stellar (XLM) and Horizon (ZEN) can be classified as securities. CoinDesk writes about this with reference to the organization’s documents. According to the publication, Grayscale was contacted by employees of the SEC’s corporate finance and law enforcement departments. They…

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