Two-thirds of failed stablecoin projects were backed by gold

2019-6-27 17:33

Stablecoins were once touted by some as a fix for cryptocurrency’s volatility. Thing is, it seems they’re not as stable as their name would suggest. Most of the stablecoin projects announced since 2017 are still yet to launch, and two-thirds of stablecoin projects that have failed were backed by gold.

Since the beginning of 2017, 119 stablecoin projects have been announced and are still yet to be rolled out to the public, there are currently 66 active stablecoins, according to research from blockchain analytcis firm Blockdata. To date, 24 stablecoin projects have closed down and ceased operations. Around two-thirds (16)…

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projects stablecoin two-thirds yet failed still backed

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Источник: thenextweb.com

projects stablecoin → Результатов: 39

France Forms G7 Cryptocurrency Task Force In Wake Of Facebook’s Libra

France will set up a task force for the G7 nations to investigate ‘stablecoin’ projects such as Facebook’s Libra cryptocurrency. France’s Central Bank Isn’t Entirely On-Board With Stablecoins France’s Central Bank Governor, Francois Villeroy de Galhau, made the announcement, while addressing finance industry officials.

2019-6-21 22:00	Libra
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Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

Interest rates for MakerDAO have exploded to 19. 5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker.

2019-5-6 13:31	MakerDAO
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Binance may be developing a stablecoin behind closed doors

Binance’s CEO, Changpeng Zhao, might have hinted at a stablecoin being under development, on Twitter. A Twitter user, @CryptosBatman, tweeted, “If #Binance decides to issue their own stable coin, it will become one of the biggest tokens on the Binance Chain and increase the network usage and the utility for $BNB a lot.

2019-5-2 10:35	StableCoin
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Can Alchemint Live If Maker DAIs?

Stablecoins may be the least exciting tokens in the world of cryptocurrency, but even these projects have their share of drama. Last week, the New York Attorney General’s Office accused Bitfinex of masking $850 million in losses with the reserves of their stablecoin, Tether.

2019-5-2 00:57	Stablecoins
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Binance Stablecoin? CZ in Possible Tip of the Hand Is a Little Coy

By CCN: Just when you thought the crypto market had no room for another stablecoin, the head of the largest crypto exchange hinted that he might be making room. Binance CEO Changpeng “CZ” Zhao didn’t flat out promise a Binance stablecoin, but he was close.

2019-5-1 20:10	Stablecoins
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TRX Fails To React Positively To Release Of The USDT Issued By Tether On The Tron Network

In the last couple of days, TRON has announced the launch of the USDT issued by Tether on their blockchain network. The launch took months of preparation following the announcement that the two projects would be partnering.

2019-4-19 17:31	USDT
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MakerDAO aims to swap local South Korean currencies with stablecoin Dai

MakerDAO, the issuer of Dai, recently announced a new program in South Korea. This new program follows MakerDAO’s initiative with VANTA, a decentralized network, to encourage the adoption of Dai.

2019-4-4 21:30	News
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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.

2019-4-4 18:22
cryptocurrencies stablecoin being disrupted your too market

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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.

2019-3-29 16:26	Digital assets
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Coinbase-Backed Reserve Points At Wash Trading and Artificial Inflation In Stablecoin Market

Coinspeaker Coinbase-Backed Reserve Points At Wash Trading and Artificial Inflation In Stablecoin MarketReserve CEO, Nevin Freeman says that stablecoin projects indulge into dubious activities trapping investors funds to artificially inflate demand and thus the market cap of the stablecoins.

2019-3-25 10:22	USDT
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Coinbase-Backed Reserve Points at Wash Trading and Artificial Inflation in Stablecoin Market

Coinspeaker Coinbase-Backed Reserve Points at Wash Trading and Artificial Inflation in Stablecoin MarketReserve CEO, Nevin Freeman says that stablecoin projects indulge into dubious activities trapping investors funds to artificially inflate demand and thus the market cap of the stablecoins.

2019-3-25 10:22	USDT
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Wanchain Integrates EOS and Adds More Stablecoin Support

Wanchain, an Ethereum fork focused on cross-chain integration, announced support for EOS recently. The short story here is that, in the near future, decentralized exchanges facilitating trades between EOS, Ethereum, and Bitcoin – which is increasing its token functionality via Blockstream’s Liquid product.

2019-3-19 01:40
wanchain eos support stablecoin adds integrates ethereum

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Dash Price Inches Closer to $100 as Dash-based Stablecoin Rumors Swell

In the cryptocurrency world, thousands of projects are trying to gain traction these days. One of the projects often overlooked by most enthusiasts is Dash, even though it appears to be a more than solid project.

2019-3-18 12:45
dash 100 price swell trying projects rumors

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ForDeX: Safe App To Buy Stablecoin Cryptocurrencies With USD?

What Is ForDeX? ForDeX is a one-stop market for stablecoins, where users can buy stablecoins with USD. The platform deals with stablecoins in various currencies, allowing users to build a portfolio and trade across top stablecoin projects that represent real currencies such as US Dollar, Korean WON, or the Singapore Dollar. In addition to supporting multiple […]

2019-2-24 09:19	Apps
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Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

CoinSpeaker Stablecoins in 2019: Exclusive Comments from 10 Industry Executives Kirill Bezverhi, professional marketer, blockchain and crypto enthusiast, shares exclusive comments from representatives of 10 leading stablecoin projects, taking a look into market trends we will most likely see in 2019.

2019-1-28 18:47	USDT
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USDC Ecosystem Spotlight: IDCM crypto exchange, along with Alpha Wallet, ChangeNow, Loopring, Salt Platform, and XinFin the latest companies to support USDC

IDCM crypto exchange and five other projects announced support for USD Coin (USDC) in recent days, bringing to more than 75 the number of exchanges, protocols, platforms, applications, and wallets that have played a leading role in making USDC the second largest asset-backed stablecoin by market capitalization. IDCM, one of

2018-12-21 00:49	USDC
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$133 Million Stablecoin Project of Basis is Reportedly Shutting Down

The Basis stablecoin project which had raised over $133 Million in venture capital, is reportedly shutting down and returning a vast majority of the funds to investors. Unlike other projects shutting down due to the bear market, Basis is shutting down due to regulatory hurdles as it tried to get the stablecoin project up and […] The post $133 Million Stablecoin Project of Basis is Reportedly Shutting Down appeared first on Ethereum World News.

2018-12-13 13:55	StableCoin
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Stablecoin project Basis is shutting down and returning funds to investors because of regulatory pressure

Basis, one of the most well-known stablecoin projects, is shutting down and returning the majority of capital raised to investors, the Block reported citing multiple sources with direct knowledge. The company, which raised $133 million in funding, faced with regulators as it attempted to get its algorithmic stablecoin off the ground. As a result, Basis […]

2018-12-13 11:38	StableCoin
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Bitfinex Gives Tether Competition, Adds Four of Market’s Top Stablecoins

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD).

2018-12-4 21:02	Digital assets
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Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat.

2018-11-28 01:21	Digital assets
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Mexican Startup Wants to Support Venezuelans With $1 Million Crypto Airdrop

Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.

2018-11-28 19:29	Digital assets
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PR: Lightning Fast Stablecoin USDX Launches Token Sale

Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text.

2018-11-20 21:30	Visa
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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

2018-11-15 18:50	Op-ed
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Bitcoin Turned Into an Ethereum Token Through a Stablecoin Like Peg

Bitcoin is going ethereum after a number of projects teamed up to turn the oldest decentralized crypto into an ERC20 eth token. “This effort will be both led and governed... The post Bitcoin Turned Into an Ethereum Token Through a Stablecoin Like Peg appeared first on Trustnodes.

2018-10-27 14:34	Smart Contracts
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Global Stablecoin Association to be Established at Blockchain Budapest Conference

Stablecoins, despite their perceived lack of viability, are quickly becoming an emerging part of the cryptocurrency market. However, some projects like Tether (USDT) or the Winklevoss Twins’ Gemini Dollar, are at odds with one another regarding their respective missions.

2018-10-25 16:53	Cryptocurrency News
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A New Australian Dollar-Backed Stablecoin Slated to Launch on Stellar

Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.

2018-10-25 20:58	Digital assets
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Coinbase Just Added Its First Stablecoin

Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors. As detailed in an October 23, 2018, blog post, Coinbase has added support for Circle’s USD Coin (USDC).

2018-10-24 20:14	Digital assets
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Bitcoin Magazine Week in Review: Stablecoins Take the Spotlight

With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U. S. officials clamp down on unscrupulous coin offerings and crypto companies.

2018-10-20 17:49
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Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves

Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent.

2018-10-9 00:43	Digital assets
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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

2018-10-3 19:05	Digital assets
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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.

2018-9-29 01:06	Digital assets
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‘Full Circle’: Goldman Sachs Backed Startup Launches Stablecoin Cryptocurrency

On September 26th, Circle announced the release its new stablecoin USD Coin (USDC), which will begin trading on Circle’s Poloniex exchange immediately. The new USDC stablecoin will be fully collateralized by USD at a 1:1 ratio.

2018-9-27 09:00	USDC
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Andreessen Horowitz’s $300m Crypto Fund Buys Stakes in Stablecoin Project

An upcoming stable coin project featuring a loaning system has bagged a $15 million investment from Andreessen Horowitz. VC Firm to Govern MakerDAO The venture capital firm, with a history of high profile investments into crypto projects, bought 6 percent of the total MKR supply through its $300m crypto fund, a16z crypto.

2018-9-26 18:30	Tether
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ConsenSys Initiative Empowers Students to Use Blockchain for Social Good

ConsenSys Social Impact — a program designed to build blockchain-based solutions for global humanitarian issues — is partnering with MakerDAO and optiMize to launch a new Blockchain for Social Impact Incubator at the University of Michigan in Ann Arbor.

2018-9-20 01:55	Adoption & community
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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP).

2018-9-19 00:42	Digital assets
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Crypto News Weekly 14.09.18: Citibank into crypto, SEC gets heavy, no more 1000x gains

Citibank and Morgan Stanley step into crypto, SEC flexes its muscles in a busy week, new stablecoin projects rush to enter the market, no more 1000x growth for crypto says Vitalik.

2018-9-15 20:09	News
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Bitcoin Magazine’s Week in Review: Lightning, Launches and Broken Promises

A handful of projects brought their tech to life this week, introducing new payment systems and coins to the industry’s offerings. Meanwhile, Bitcoin’s Lightning Network makes headway for the dev community, and one of crypto’s older and more respected exchanges (arguably) takes a step against the space’s principles.

2018-9-11 17:57
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Malta-based STASIS Launches New Euro-Backed Stablecoin

Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. EURS, aiming to be the biggest "fully verified and collateralized stablecoin" in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year’s end.

2018-7-16 19:46	Investing
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2019-6-27 17:33

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