Steady influx of stablecoins helps fuel Bitcoin price surge

Quick Take Recent data analysis reveals a steady influx of stablecoins into Bitcoin, a phenomenon underpinned by the Stablecoin Supply Ratio (SSR) created by Glassnode. The SSR denotes the ratio between Bitcoin’s supply and that of stablecoins, with the calculation formula being: Bitcoin Market cap divided by Stablecoin Market cap.

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Stablecoins Are Becoming Increasingly Key To The Bitcoin Economy

As an increasing part of the bitcoin economy, stablecoins are collateralizing $7.21 billion of bitcoin futures open interest.

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Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed)

2020 was the year of decentralized finance.

The post Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed) appeared first on CryptoSlate.

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Stablecoins Printed About $5 Billion During Bitcoin’s 80% Run-Up In Q4

After the March sell-off, Bitcoin has been slowly making its way up and it has been in Q4 of 2020 that it fully rocketed. In early October, BTC was trading around $10,500 when it went on a tear, climbing to $19,965 on Tuesday, a level that was only seen on a few cryptocurrency exchanges during […] The post Stablecoins Printed About Billion During Bitcoin’s 80% Run-Up In Q4 first appeared on BitcoinExchangeGuide.

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Bitcoin in Emerging Markets: Latin America

Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.

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Bitcoin's drop below $10k may have had something to do with stablecoins

Yet another Bitcoin drop saw stablecoins come under the microscope. On 19 February, Bitcoin returned to its five-figure mark, this time with the backing of the golden cross. Futures volumes were upThe post Bitcoin's drop below $10k may have had something to do with stablecoins appeared first on AMBCrypto.

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European Central Bank Policymaker Backs Stablecoins over Bitcoin

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019.

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Seed CX launches PAX, USD Coin, and TrueUSD on its digital asset exchange

CryptoNinjas Seed CX, a market for institutional trading and settlement of spot digital assets, which earlier this year successfully launched Bitcoin, Ether, Litecoin and Bitcoin Cash trading pairs, today announced the introduction of three stablecoins: PAX, USD Coin and TrueUSD to its digital asset exchange, bringing increased.

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Coinbase Announces USDC Support for 85 More Countries

Coinbase has unveiled the expansion of its USDC on Coinbase and Coinbase Pro, which is now available across 85 countries. It also announced the addition of 50 new countries for trading cryptos on the exchange platform.

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‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy. ” Trust, Don’t Verify The New York Attorney General’s office recently opened a very public investigation into the firm.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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2017 Redux: Bitcoin Marches Relentlessly Higher Eating Altcoins, $6,400 Next?

Back in the build up to the massive bull run at the end of 2017 Bitcoin and altcoin markets were inversely correlated. One would surge at the expense of the other as traders switched between the two assets.

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Bitcoin Sidechain Coin Launches on Bitfinex

Blockstream has announced Liquid Bitcoin (LBTC) is now available for deposits and withdrawals on Bitfinex as well as for conversion to BTC at a 1:1 peg. “Issuing bitcoin, stablecoins, and...

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Liquid Network Expands With New Memberships and Integrations

Blockstream's Liquid Network has expanded to include 14 new members. With these additions, Liquid’s client base now boasts 35 institutions. The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app.

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Top 5 Stablecoins to look out for in 2019

“Stablecoins” emerged as in 2014 in the form of Tether [USDT], a token launched on the Bitcoin blockchain backed by alleged reserves of US dollars. USDT “peg” tokens to fiat dollars. The concept was simple: Tether Limited would safeguard funds spent to buy USDT.

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Tether and Bitcoin prices diverge on exchanges following fraud investigation

Tether, the leading stablecoin, recently unpegged from the US Dollar after news that the New York State Attorney General is investigating iFinex Inc. , which operates Bitfinex and owns Tether Ltd.

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TD Ameritrade Tests Bitcoin And Litecoin Paper Trades

Heavy hitters in traditional finance are now testing out the crypto waters. While Goldman Sachs and JP Morgan explore value transfer through stablecoins,  banking and investments giants like eTrade and TD Ameritrade appear to be exploring digital currency investments to their users.

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Wirex to Develop 26 Stablecoins on Stellar Following Listing of XLM

Wirex and Stellar have entered into a potentially long-term partnership as it was announced on April 24, 2019, that XLM has been added to the Wirex roster as well as the future creation of 26 stablecoins.

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TrustToken Launch Four more Fiat-Pegged Stablecoins

TrustToken, the creators of TrueUSD (TUSD), a dollar-backed stablecoin, has announced the launch of four more non-volatile cryptoassets, including TrueAUD, TrueEUR, TrueCAD, and TrueHKD, in a bid to make the TrustToken platform a one-stop shop for tokenized currencies, according to a blog post on April 24, 2019.

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Decentralized Exchanges (DEX) Are Soon Going To Explode In Popularity, Says Cobra Of Bitcoin.Org

Cobra, Co-owner of Bitcoin. org and Bitcointalk. org, has always been very vocal about his views on other cryptocurrency projects. He recently said that decentralized exchanges are going to gain momentum.

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Sexy Stablecoins Are the ‘Bridge’ to Mainstream Crypto Adoption

By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile.

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Facebook: ‘Biggest on-Ramp Ever’ for Bitcoin Adoption?

By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen.

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Etoro Launches New Crypto Exchange, Complete With Stablecoins

Ever since Bitcoin fell dramatically from its 2017 highs, it has led to many investors and traders questioning the initial coin offering (ICO) market. As a result, many have turned to stablecoins since they are pegged to actual assets and commodities.

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eToro launches 8 different stablecoins on its fully regulated cryptocurrency exchange eTorox

eToro, a multi-asset trading and investment platform, announced support for eight stablecoins that were going to be a part of its fully regulated cryptocurrency exchange, eTorox, on April 16. According to the official announcement, the exchange would provide trading service for the top coins in the cryptocurrency market.

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eToro Launches Regulated Crypto Exchange, Dodges Bitcoin SV Bullet

By CCN: Institutional investors are running out of excuses not to invest in crypto. Israeli-based social trading platform eToro has launched eToroX, a fully regulated crypto exchange. eToroX debuts with half-a-dozen top cryptocurrencies and eight fiat currency-backed stablecoins, the latter of which are now open-source.

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eToro launches new ‘pro’ cryptocurrency exchange – and 8 stablecoins

In an announcement today, eToroX – the specialized blockchain division of social trading platform eToro – revealed it is launching a new cryptocurrency-only exchange desk for pro traders. The new platform will support trading in six cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, and Dash.

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TrueUSD Report Shows almost $200 Million in Escrow

TrueUSD has become the latest stablecoin to confirm their fiat-backed status as a report published on April 8, 2019, shows that they have almost $200 million in escrow, roughly equivalent to the amount of TUSD in circulation.

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Chinese Stablecoin Purchases Soar with Bitcoin Price

Despite the official ban on cryptocurrency in China, investors have bought large amounts of stablecoins from over-the-counter services (OTC) in the last week, following the rise in crypto prices, as reported on April 7, 2019.

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Chinese Bitcoin Investors Are Happily Paying a Markup For Tethers

As Bitcoin price surged over 27 percent in the past week, traders in China are paying a markup for Tether stablecoins, which offer an easy way to buy cryptocurrencies.   Tether Offers China The Easiest Way to Buy Bitcoin Cryptocurrency traders in China are starting to wake up.

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Bitcoin [BTC], altcoins could jump by $3 billion through stablecoin injection; eToro’s Greenspan agrees

The concept of ‘stablecoin’ appears to be treading the fine line between virtual and fiat. Investors can enjoy the benefits of ubiquity and universality of payments, two core concepts of the cryptocurrency world, while still standing in firm opposition of them by being tethered to a sovereign currency.

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Is Your Stablecoin Being Disrupted Too?

For over a decade now, cryptocurrencies have been disrupting legacy finance. Jump started with Bitcoin, crypto markets exploded with CoinMarketCap currently showing 2136 cryptocurrencies. Growth in the number of coins has been fueled by market segmentation with projects catering to specific target audiences.

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Bitcoin Killer? What’s New And Old With BitTorrent Inventor Bram Cohen’s ‘Chia’

If you ask its official website, Bram Cohen’s Chia project is the first “enterprise” digital currency. Forget Ripple, Stellar, or the host of stablecoins launched over the past couple years. It’s Chia – the “green” crypto project developed in answer to the question of Bitcoin’s high resource usage, which is the first enterprise-grade cryptocurrency.

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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IBM Says Banks Open to Launch Their Own Digital Currency, Citigroup Thinks Otherwise

According to a Bloomberg article published March 18, 2019, tech giant IBM has been approached by at least two “major U. S. banks” regarding the creation of a private digital currency on the heels of JP Morgan’s JPM Coin.

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It’s 2019 and IBM Is Still Trying to Find a Use Case for Blockchain

IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon.

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Winklevoss Capital Partner Sterling Witzke: Dollar Is Not Designed for the Internet, but Stablecoins Are

Sterling Witzke, a Winklevoss Capital partner, speaks about the future of stablecoins, regulatory clarity in U.S. and a fair price for Bitcoin in an interview with Cointelegraph

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Stablecoins Still Shakey, Diar Report Indicates

Tether, a crypto often in the limelight of controversy, is causing yet another stir in the stablecoin industry as its latest Terms-of-Service (ToS) update highlights “pan-stablecoin risks” according to the latest report from digital currency research firm Diar, March 18, 2019.

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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

A new decentralized stablecoin from the Japanese company USDDex will be available for purchase by crypto investors one month before its launch on cryptocurrency exchanges in a limited number with 45% bonus.

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IBM’s Blockchain World Wire Platform Goes Live, Signs Six International Banks to Create Stablecoins

IBM’s Blockchain World Wire Platform has just gone live and is already a success by having signed up six international banks to create and issue stablecoins through their platform, as reported on March 18, 2019.

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While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.

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Stablecoins Are Threatened by These Two Major Issues

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

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Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens.

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TRON (TRX) Joins Forces with Tether to Issue TRC20 USDT Stablecoins

In a bid to increase liquidity on decentralized exchanges (DEXs) and make its network more accessible to enterprises and institutional investors, the Tron Foundation has inked a strategic partnership deal with Tether (USDT), according to a press release on March 4, 2019.

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Tron Partners With Tether to Launch TRC20-Based Stablecoin

Tether (USDT), the seventh most valuable crypto asset by market cap, has shrugged off attempts by newer stablecoins to usurp it. Now, a new version of tether is coming to the Tron network. Also Read: Gibraltar Exchange to List Bitcoin Cash Fiat Trading Pairs Tether to Trade on Tron Tron is officially partnering with Tether […] The post Tron Partners With Tether to Launch TRC20-Based Stablecoin appeared first on Bitcoin News.

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IBM Exec Forecasts a Million-Dollar Bitcoin — When a Sat Will Equal a Cent

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

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Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency

A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries.

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Report: Stablecoins Will Be Most Tokenized Asset Within 2 Years

Cryptocurrency, Stablecoins–As Bitcoin edges ever closer to the critical $4000 mark, with the majority of the crypto markets holding on to their gains from this past week’s price rally, a new report has shed light.

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Crypto Market Round-Up: Another Bitcoin Break Near $4000 or Are The Bulls Rushing the Gate?

Bitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it.

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