As per its name, stable coins are designed to keep their price fixed, making them immune to manipulation trading.
On a smaller scale, stable coins allow casual investors to trade seamlessly, swiftly transferring money between crypto exchanges and bypassing conventional, time-consuming bank wire transfers — many cryptocurrency exchanges do not support fiat at all, making such stable coins an essential unit of account.
While any cryptocurrency can potentially fulfill that role, stable coins are more useful for retail purposes due to their low — nearly nonexistent — volatility.
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
Nevertheless, the concept of a stable coin itself lives on and continues to attract investors, as new coins emerge.
Neo-token system, in seeking to take the fast track growth path, has surprisingly opted for a centralised model for managing its blockchain, drawing criticism from across the board for the negative approach.
One major class of attacks to hit the hacking landscape recently is cryptomining. While cryptomining on its own supports a good cause when being done consciously, it also allows nefarious actors to make a lot of money fast, and, with the sheer number of cryptocurrencies available to mine, it is becoming a popular choice for attackers.
EOS (EOS) had one of the most bullish prospects at the beginning of this year. Even in the middle of the ongoing market correction, EOS (EOS) managed to mark a new ATH of $21. 46 towards the end of April, 2018.
Though the price of Bitcoin has fallen over the past few days, Bitcoin’s dominance has seen some growth. In fact, in just two months, the growth of Bitcoin has risen by almost 10%. Recent reports now find that some of this could be down to the sheer number of failing ICO’s that have surfaced over the coming months.
Recently, a Bank for International Settlements Analysis criticized several features of crypto coins and assets, making them unfit for widespread adoption.
Generally speaking, blockchain-based cryptocurrencies offer users a certain level of anonymity while or receiving payments. However, transactions carried out with some coins such as bitcoin are entirely traceable while those done with altcoins like Monero, zcash and many others are almost impossible to trace, making such altcoins a viable tool for criminals.
A San Francisco-based blockchain startup called Chain is making headlines in the crypto world. Fortune reports that cryptocurrency company Stellar is in talks to acquire the firm. According to the publication, the entirety of the $500 million acquisition deal will be paid in Stellar Lumens (XLM) coins.
As Bitcoin and other cryptocurrencies gain traction with public awareness and societal usage, the incentive to mine coins gets larger and larger. Even with bitcoin in a bear market mining continues to grow in popularity.
While Binance is famous for being the largest cryptocurrency exchange platform by trading volume till date, it’s coins are not exactly making rounds in the Cryptocurrency market. However, in a remarkable turn of event, the path for the Binance coin BNB seems to be holding a little glimmer of hope this Sunday, which is rather […]
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The recent announcement that Bittrex will allow investors to buy digital coins with the U. S. dollar is the latest in a string of crypto trading trends to move West from Asia.
All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name.
Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo.
Bitcoin experienced significant volatility in the days leading up to President Donald Trump’s inauguration on Jan. 20. The market saw sharp price swings the week before, with heightened activity from US traders during the weekend.
Rex has filed new ETF registration documents with the Securities and Exchange Commission, listing several cryptocurrency-focused funds, including a TRUMP ETF, a DOGE ETF, a BONK ETF, and others tied to assets such as Bitcoin, Ethereum, XRP, and Solana.
MicroStrategy has made headlines again by adding 11,000 Bitcoin to its portfolio, according to a Jan. 21 filing with the US Securities and Exchange Commission (SEC). This acquisition represents the firm’s biggest Bitcoin purchase of the year and extends its ongoing streak of weekly buys into the eleventh week.
Instead of being scared by the nonstop nature of crypto markets, investors should see it as an exciting opportunity to grow their portfolios — especially with the help of a skilled crypto advisor who can guide you through the complexity.
The market has been gearing up for volatility before the launch of spot ETH ETFs in the US today. While ETH’s price action has been relatively uninteresting in the past few weeks, it seems that large holders are expecting price swings and are rushing to cash out.
Institutions need to broaden their holdings of crypto holdings in order to capture the full range of innovation in the market, says Felix Stratmann, head of research at Outerlands Capital.