Crypto News
Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor
The New Zealand Central Bank governor, Adrian Orr, recently branded stablecoins “the biggest misnomers” and “oxymorons.” Orr also rejected the notion that cryptocurrencies could serve as a replacement or supplement to central bank-issued money. Stablecoins Not a Viable Substitute for Money Despite their rise as an alternative to fiat currency in some regions, stablecoins areSource link
Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
Several traditional financial firms are vying for an ether exchange-traded fund in the U.S., a move that is boosting the token’s medium-term outlook.Source link
Telefónica Teams Up With Chainlink to Provide Security Against ‘SIM Swap’ Hacks
The partnership will be a "significant step" in integrating telecom capabilities into the blockchain technology, the firms said.Source link
South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency experts serving on its advisory committees. South Korea to Deploy System for Identifying Suspicious Transactions SouthSource link
Bitcoin-Yen Pair Hits Record High, Reflects Stress on Japan’s Fiat Currency
Bitcoin's ongoing rally is telling of current market perceptions about fiat currencies, with sentiment being weakest for the Japanese yen.Source link