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Crypto News

Bank of Russia Approves Atomyze as First Digital Asset Issuer

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]

Crypto News

Federal Reserve Bank of NY Lays Out Possible Stablecoin Scenarios

Because the stablecoins would effectively act like a pass-through central bank digital currency, their pegs – fixing the price to $1, for example – would come with guaranteed stability. In times of financial panic, however, large migrations of regular commercial bank deposits into narrow bank stablecoins could disrupt lending and could increase the Fed’s balance […]

Crypto News

Deutsche Bank Initiates Coverage of Metaverse Play Matterport, Sees Near 50% Upside

Deutsche Bank initiated coverage of metaverse play Matterport with a buy rating, calling the company a leader in the digitization of the built world. The bank’s analysts led by Bhavin Shah started coverage on Tuesday with a price target of $14, implying a 46% upside from the recent close. Matterport’s technology platform enables customers to […]

Crypto News

Silvergate Bank Confirms Diem Tech Acquisition

Silvergate Bank confirmed Monday that it’s purchasing the technology and other assets from the Diem Association, the stablecoin project from Meta (formerly Facebook) first announced in June 2019. Silvergate announced in a press release late Monday that it is acquiring Diem’s development, deployment and operations tools, as well as tools “for running a blockchain-based payment […]