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. origin »
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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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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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Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
2019-7-26 04:00 | |
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On July 8, 2019, the New York Attorney General’s Office (NYAG) submitted new court filings alleging that iFinex Inc. , the parent company of cryptocurrency exchange Bitfinex and stablecoin issuing firm Tether (USDT), continued providing services to New York residents as late as January 2019.
2019-7-10 21:00 | |
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In a blog post published on July 2, 2019, cryptocurrency exchange Bitfinex announced that it had repaid $100 million of the outstanding loan amount to closely affiliated stablecoin firm Tether (USDT).
2019-7-4 01:00 | |
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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.
2019-6-27 17:33 | |
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There's no shortage of catalysts behind bitcoin's weekend rally beyond $11,200. Institutional capital is at long last entering, the bitcoin supply halving event is nearing, and major players including the likes of Fidelity and Bakkt are building much-needed infrastructure.
2019-6-25 20:40 | |
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The Tron Foundation has meticulously worked on developing the Tron ecosystem, with recent updates lifting the community’s spirit. After releasing the Odyssey Update, Tron [TRX] has managed to rope in another stablecoin, TRXD, on its blockchain.
2019-6-22 14:00 | |
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The first half of the year has already passed by; thus, we can gain a firm perspective of how the crypto space trends are over the past six months. Looking at Bitcoin, it has gone up by more than 140%, but for the crypto exchanges in the market, they are still vulnerable and are currently […]
2019-6-19 01:53 | |
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Maker, the firm behind the Dai stablecoin, has partnered with the crypto-collectible online battle game, Axie Infinity. The move brings Dai to a vastly expanding videogame in which players “breed, raise, battle, and collect” digital pets called “Axies.
2019-6-13 23:00 | |
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2019 has been a good year for the cryptocurrency space, with several digital assets posting significant gains after the troubles of the crypto-winter towards late-2018. Parallelly, crypto-exchanges have been making waves in the industry as well, with Binance launching Binance DEX and the GBP-backed stablecoin in the works.
2019-6-12 22:30 | |
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A Facebook executive has told a German magazine that the firm's planned stablecoin will be tied to a basket of fiat currencies.
2019-6-8 16:21 | |
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In a blog post published June 3, 2019, Malta-based cryptocurrency exchange OKEx announced that it’s subsidiary firm OKLink will launch a U. S. dollar-pegged stablecoin called USDK. Incoming: OKEx Stablecoin The stablecoin fever seems to be catching up with cryptocurrency exchanges across the world.
2019-6-3 13:00 | |
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A new stablecoin with ticker USDK will be launched today by global settlement firm OKLink, a subsidiary of top cryptocurrency exchange OKEx
2019-6-3 09:21 | |
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Paxos Enables New Features In Its Wallet Allowing Super Fast Creation/Transfer Paxos, a crypto startup exchange that managed to raise $65 million in venture capital has been revamping its systems. The firm, which is based in New York, is looking to have almost instant creation and transfer of Paxos between wallets on their platform. They […]
2019-5-31 21:25 | |
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After the Bitfinex-Tether fiasco rocked the cryptocurrency market late last month, the trading volume of Bitcoin to the top stablecoin dipped slightly. However, given the larger picture, it held firm.
2019-5-22 11:30 | |
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TrueUSD stablecoin recently went through a third-party audit. The audit verified that the platform indeed has U. S. dollar reserves sufficient to back the TUSD in circulation. An independent accounting firm released the results of the audit in an Independent Accountant’s Report.
2019-5-18 08:50 | |
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One of the biggest names in the smart contracts and blockchain audit sector, CertiK announced today, May 14 that it has successfully completed a formal security audit of Terra. Terra is famed for designing an algorithmic stablecoin that will power the next generation payment system on the blockchain.
2019-5-15 10:39 | |
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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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The firm behind Maker [MKR], and crypto-collateralized stablecoin DAI project, have disclosed a key issue with respect to its internal governance voting contract. Revealed in a Reddit post, the Maker Foundation stated that this finding will result in a “need to make a critical update.
2019-5-7 16:30 | |
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As per an all-new blog post released by TrustToken’s PR team earlier today, the firm has just released its latest stablecoin offering called ‘TrueCAD’. Additionally, for those of our readers who may not be aware, this latest altcoin release is part of TrustToken’s wide range of fiat-backed stablecoins — other products include TrueUSD, TrueGBP, TrueAUD). […]
2019-5-2 17:31 | |
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Crypto ATM operator CoinFlip has postponed support for Tether’s stablecoin USDT as the firm wants assurance that “Tether and Bitfinex are fully abiding by U.S. law”
2019-5-2 23:31 | |
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According to the company behind it, stablecoin USDT is not fully backed by fiat currency deposits. It was revealed today that the controversial crypto asset firm Tether only holds around 74 percent of the total value of USDT’s current circulating supply.
2019-5-1 00:00 | |
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Cryptocurrency exchange Bitfinex is rumored to be launching an initial exchange offering (IEO) according to a Weibo post from Bitfinex shareholder and founder of blockchain investment firm DGroup, Dong Zhao, April 29, 2019.
2019-4-30 18:05 | |
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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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Bitspark will release a Philippine Peso backed stablecoin for money transfers dubbed “peg.PHP”
2019-4-25 12:14 | |
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Circle has recently released a new audit report related to its stablecoin USD Coin (USDC). The information was released by Circle in a blog post. The report signed by the auditing firm Grant Thornton shows that the firm has enough capital to back each USDC coin released to the market on a 1:1 basis. Circle […]
2019-4-18 14:51 | |
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Facebook has hinted at creating its own digital asset for WhatsApp usage, and now the firm is on the lookout for capital dedicated to this project.
2019-4-9 17:26 | |
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Japanese bank holding and financial services firm MUFG, the fifth largest bank in the world, is set to put its digital currency MUFG Coin into practical use later this year
2019-4-9 11:25 | |
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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.
2019-4-6 18:30 | |
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Coinsquare, Canada’s seminal cryptocurrency exchange has announced the launch of eCAD, the first stablecoin backed by the Canadian dollar. The firm strongly believes the non-volatile cryptoasset will foster mass adoption of blockchain-based digital assets in the region, according to a press release on April 4, 2019.
2019-4-6 01:00 | |
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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 | |
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Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022.
Singapore charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts over alleged false UST exposure claims after Terra’s 2022 crash.
Jane Street has rejected new insider trading claims centred on a private Telegram channel during the 2022 Terra collapse. A Manhattan federal complaint alleges Jane Street used a private Telegram channel to exit $192 million in TerraUSD before its May…
Leap Wallet will shut down its products by May 28 while users retain asset access through recovery phrases or private keys in other wallets.
The LUNC price has dived by over 45% from its highest point this week, a move that has erased millions of dollars in market value. Terra Luna Classic (LUNC) token dropped to a low of $0.00004587, its lowest level since…
Terra (LUNA) surged sharply ahead of Do Kwon’s upcoming sentencing, fueled by market speculation and recent ecosystem updates. Terra traded around $0.2076 at press time, up 39% in the past day, The token has hovered between $0.147 and $0.243 in…
From Gemini’s IPO and Do Kwon’s guilty plea, to OKX erasing $26 billion worth of tokens, the crypto industry is seeing both bold moves and sobering reminders of risk.