2020-9-19 22:05 |
Terra's stablecoin savings account is a month delayed but the project is gaining momentum with over 2 million users on the firm's Chai payments app.
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In an announcement on Thursday, Libra Association announced James Emmett, former European head at HSBC as the new managing director of its subsidiary, Libra Networks LLC. Emmett will start his role at the digital stablecoin firm on October 1.
2020-9-18 20:18 | |
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Center Consortium, a blockchain group led by payments firm Circle, and the largest crypto exchange in North America Coinbase, announced the addition of Algorand (ALGO) as the latest blockchain to host its USDC stablecoin.
2020-9-10 16:21 | |
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Members of the Centre Consortium — Circle and Coinbase – have unveiled USDC 2. 0 to tackle notorious Ethereum network gas fees. Circumventing Ethereum Gas Woes U. S. -based cryptocurrency exchange Coinbase and P2P payments technology firm Circle have launched a new USDC stablecoin with several upgrades to the underlying protocol and smart contract.
2020-8-28 16:07 | |
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According to a new report by analytics firm Chainalysis, East Asia is increasingly seeing more crypto trading activity, East Asia represents the largest crypto market with 31% of all cryptocurrency transacted in the previous 12 months.
2020-8-22 23:20 | |
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China-based Tether addresses accounted for over $50 billion in transfers outside the country’s borders this year, according to a report by on-chain analysis firm Chainalysis. Tether finds Takers Tether, the fourth-largest cryptocurrency by market cap, is a stablecoin said to be backed 1:1 with the USD.
2020-8-21 13:07 | |
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Tether (USDT) is a stablecoin backed by the dollar at a rate of 1:1. According to the parent firm, USDT will always maintain a 1-to-1 ratio with the U.S. dollar in terms of value, however, Tether has received enormous amounts of criticism over the years, specifically because of their claims about the digital asset being […]
2020-8-13 16:35 | |
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The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s […] The post Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value appeared first on Bitcoin News.
2020-7-23 11:30 | |
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The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework.
2020-7-8 23:30 | |
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Stablecoin firm Tether Ltd has invested $10 million in Celsius Network’s first equity financing round, which raised a total of $30 million. Tether Could Be a Powerful Partner Celsius Network...
2020-6-23 23:44 | |
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Coinbase has said that it will reduce the annual rewards on holding USDC stablecoins by 88% in a recent email announcement. The firm noted that the Annual Percentage Yield (APY) will be adjusted to 0.
2020-6-3 17:02 | |
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In an announcement by BitPay, a merchants’ crypto payments processing firm, announced the addition of Binance USD (BUSD) on it platforms. Merchants will now be able to accept Binance stablecoin across the U.
2020-4-28 21:44 | |
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Chainlink has beaten bitcoin while emerging as one of the most profitable assets in the cryptocurrency, as well as the traditional market, in 2020. Demand for Chainlink’s LINK token has gone up after a US-based venture capital firm has backed its use to offer collateral to dwindling stablecoin DAI.
2020-4-20 10:05 | |
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Bitcoin’s bulls and bears have reached an impasse as the cryptocurrency enters a consolidation phase within the upper-$6,000 region. This lackluster bout of sideways trading comes shortly after the crypto faced multiple firm rejections in the lower-$7,000 region.
2020-4-16 00:00 | |
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MakerDAO, Ethereum-powered decentralized finance (DeFi) heavyweight, has joined forces with Simplex, a European Union-licensed firm that provides a fiat gateway to leading bitcoin trading venues. The deal will enable Simplex to create a fiat on and off-ramp for the DAI dollar-pegged stablecoin, according to reports on March 3, 2020.
2020-3-4 14:00 | |
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Cryptocurrency Rating firm Weiss Ratings has posited that instead of Azimo partnering with Ripple to leverage XRP for faster and cheaper payments in the Philippines it should have instead used stablecoins like Tether (USDT).
2020-2-28 15:19 | |
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E-commerce platform Shopify has announced that it has joined the Libra Association. This means that the online shopping firm is the latest entrant of the Facebook-led stablecoin project. The entry of Shopify into the association comes barely a month following Vodafone’s pull out with the aim of developing its solo virtual payments platform. This marks […]
2020-2-22 20:48 | |
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Stablecoin giant Tether (USDT) is the latest crypto firm to adopt anti-money laundering (AML) tracking solutions from blockchain forensics firm Chainalysis. Tether Partners with Chainalysis Chainalysis announced the news of the deployment in a press release issued on Wednesday (February 12, 2020).
2020-2-13 15:50 | |
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Ethereum is more than just a cryptocurrency-asset; it is an entire digital economy and ecosystem. Recent research has found that stablecoin value transfer has now flipped ETH on its network. According to the crypto-research firm Messari, ERC-20 stablecoins on the Ethereum network have now overtaken ETH itself in terms of the adjusted transfer value.
2020-2-2 20:05 | |
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Adult content provider, Pornhub has added a new payment option for its actors which includes Tether (USDT) stablecoin, CoinDesk reports. On Thursday, the adult content firm announced that it will now let its performers be paid using USDT and will use TRONLink wallet for all USDT transactions.
2020-1-24 22:53 | |
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Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles.
2020-1-12 09:21 | |
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Circle recently announced that their platform would be going through some changes, namely positioning themselves as a stablecoin services provider exclusively. Having already sold their OTC trading desk, the firm made an announcement that there were many executives that will no longer work with the company.
2019-12-18 16:17 | |
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Circle sells over-the-counter desk Circle Trading to Kraken in continued reductions at the firm, which says it is all part of honing in on stablecoin work
2019-12-18 02:30 | |
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Amidst regulatory uncertainty, U. K. -based Saga hopes to introduce a global digital currency that lawmakers and consumers alike find agreeable. The “stablecoin” (think Tether) is pegged to a basket of fiat currencies and is not anonymous, making it unlikely to win over Bitcoin enthusiasts who value the coin’s decentralized mode of operation.
2019-12-11 20:00 | |
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The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory
2019-12-4 19:32 | |
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Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless,."
2019-11-26 18:30 | |
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The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […]
2019-11-21 19:15 | |
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The company behind the dominant stablecoin , Tether, has just notified the US District Court in New York’s Southern District of its intent to file a motion to dismiss its outstanding lawsuits.
2019-11-16 11:50 | |
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On Monday, November 11, a Canadian blockchain firm, Blockchain Venture Capital Inc. (BVCI), announced the launch of their second stablecoin. It is called CUSD and it is pegged against the US dollar.
2019-11-11 22:29 | |
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BVCI launches USD-pegged stablecoin CUSD after debuting CADT in July
2019-11-11 16:48 | |
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Cryptocurrencies' volatility has been an obstacle to adoption; however, the sector introduced the concept of stablecoins to address the issue of volatility. Soon after which several countries, as wellThe post Canadian firm launches yet another stablecoin - CUSD appeared first on AMBCrypto.
2019-11-11 16:00 | |
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According to a November 7, 2019, report by Tech in Asia, Singapore-based fintech firm Xfers – in tandem with blockchain platform Zilliqa – is set to launch a pilot stablecoin initiative dubbed StraitsX.
2019-11-9 20:00 | |
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Canadian blockchain startup, Ledn, opens up Latin American cryptocurrency holders to DAI loans using their digital assets as collateral. According to a published post on Coindesk, the firm will start off by offering Bitcoin (BTC) backed loans in the Ethereum based DAI stablecoin in order to promote the use of crypto across the region. Get […]
2019-10-30 00:15 | |
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Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.
2019-10-29 16:00 | |
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Jack Dorsey, CEO of two multi-billion dollar companies, microblogging network Twitter and payments technology firm Square, has said that Twitter will never join the Facebook-led Libra stablecoin project. On October 24, a Twitter thread by...
2019-10-25 10:29 | |
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Stablecoin firm Tether and its associate exchange Bitfinex have received a suit filed by a New York-based legal firm Roche Freedman against Tether token (USDT, stating that it is engaged with market manipulation as the consequence of an unpublished paper.
2019-10-13 19:04 | |
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Recently, Gabor Gurbacs, Director at the investment management firm VanEck, posted a tweet in support of the popular, but controversial stablecoin pegged to the U. S. Dollar, Tether. This tweet comes just one day after Tether became the subject of a class action lawsuit, one alleging that the stablecoin caused $1.
2019-10-9 00:30 | |
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Former employees of JP Morgan, Intel, and TrustToken have come together to start a new firm and have released a new stable coin called USD Digital (USDD) token, backed by US Dollar. However, the new stable coin has a twist to its business model, where the institutions using the token would share the revenue. The […]
2019-10-1 20:42 | |
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U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.
2019-9-18 15:20 | |
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Controversial firm Tether Limited has announced that it is expanding its list of stablecoins by launching an offshore yuan-backed digital currency. Tether Continues its March The Hong Kong company said in a short blog post that the new stablecoin, known as CNHT, would be pegged one-to-one to the offshore Chinese yuan.
2019-9-10 00:15 | |
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Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country.
2019-9-10 22:15 | |
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Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China.
2019-8-31 01:59 | |
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HashKey Capital, a venture capital firm based in Hong Kong, has recently invested in another Asian company called Terra. Terra is a stablecoin provider which also manages a payment network. Instead of using the investment to buy equity at the other company, HashKey Capital decided to buy tokens instead. The venture capital company bought several […]
2019-8-27 22:25 | |
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Tether Limited, the creators of Tether (USDT), the largest stablecoin on the market and seventh-largest cryptocurrency in the world by market capitalization, has announced plans to launch CNHT, a stablecoin the highly controversial firm claims will be backed by offshore Chinese yuan, according to reports on August 21, 2019.
2019-8-21 17:36 | |
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The contentious stablecoin operator, Tether, is all set to issue a new stablecoin, CNHT, pegged to CNH, offshore Chinese Yuan Renminbi. The news was confirmed by Zhao Dong of DGroup, who spoke to ChainNews on August 21.
2019-8-21 15:14 | |
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Binance, the world's largest cryptocurrency exchange has announced a new project dubbed “Venus” that will develop digital assets pegged to fiat currencies around the world aka stablecoins. This stablecoin initiative of the exchange will see the firm utilizing its proprietary Binance Chain network— that uses “distributed proof of stake” consensus model” — and international payment […]
2019-8-19 16:19 | |
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As per an all-new report released by S. Korean media outlet Cosun yesterday, local holding company SK C&C has announced its decision to create a new donations platform that will be built atop a Ripple blockchain fork.
2019-8-10 18:50 | |
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Multinational retail corporation, Walmart has filed for a patent with the US Patent & Trademark Office for what seems like the firm’s respective stablecoin, the Walmart Coin. As per the brief overview of the application, the need for a method was outlined as follows: “Generating one digital currency unit by tying the one digital currency […]
2019-8-3 19:47 | |
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Arizona, home of the first U. S. FinTech Sandbox, has admitted another cryptocurrency startup into the program that is designed to ease regulatory burdens for entrepreneurs in the financial technology space.
2019-8-2 21:30 | |
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Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
2019-7-27 04:00 | |
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According to South Korean local media outlet YNA, a Montenegro court has again approved the extradition of the embattled Terraform Labs co-founder Do Kwon. This development occurred less than a week after the Supreme Court of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea.
Another twist in the extradition saga of Terraform Labs founder Do Kwon revealed that the forgery convict will not return to his native South Korea just yet.
A US court has found Terraform Labs PTE Ltd. and its founder Do Kwon liable for defrauding investors in a multi-billion dollar crypto asset securities case.
Andre Cronje warns that while "things are going great now" such a momentum in the crypto space would eventually turn.
