2019-10-22 01:30 |
Stephen Moore, whose failed bid to join the Fed imploded within months, has a new plan to disrupt global finance: a fractional reserved-backed stablecoin. origin »
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Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.
2019-10-22 13:37 | |
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The former pick of President Donald Trump for the Federal Reserve (Fed), Stephen Moore, has recently affirmed that he will issue a new stablecoin, which is set to be backed by a fractional reserve. Moore is set to partner with Ralph Benko, a former deputy general counsel from the Reagan era, and with Sam Kazemian, […]
2019-10-22 23:52 | |
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Former Donald Trump campaign adviser Stephen Moore is planning to launch a stablecoin that is stabilized by a fractional reserve
2019-10-22 20:33 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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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.
2019-5-13 16:37 | |
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Tether does not have the fiat reserves to back its tokens, lawyers say
2019-4-30 19:36 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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The Universal Market Access (UMA) announced a partnership with MakerDAO to release a tokenized version of the stock exchange. Their ERC20 token will feature fractional ownership in the largest financial markets companies in the United States.
2019-3-30 20:00 | |
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Popular stablecoin Tether has updated its Terms of Service (TOS) on February 26th, once again raising questions over its dollar peg. No One Does it Better Than Tether Tether has regularly come under suspicion over its claims that it’s 1-to-1 backed by the US Dollar and that it has been used to manipulate Bitcoin prices.
2019-3-16 22:00 | |
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Meridio, a blockchain based platform for investing in and trading fractional shares of real estate, announced that they have integrated Maker’s DAI stablecoin. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US... Source
2019-2-15 00:17 | |
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“Investing in stocks can be a daunting, complex and decidedly exclusionary activity,” says Bill Barhydt, Abra's CEO. To that end, his company’s mobile cryptocurrency wallet app has announced a new feature which will allow investors to purchase traditional stocks using bitcoin.
2019-2-8 02:05 | |
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Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds.
2018-7-19 22:30 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.
2018-6-14 22:01 | |
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He clarified that it's mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny.
Everipedia is a blockchain based project that features an online encyclopedia similar to the all famous Wikipedia. I had the opportunity to speak exclusively with Dr. Larry Sanger, Wikipedia Co-Founder and Everipedia CIO and ask Sam Kazemian, Everipedia Co-Founder questions about the project.