Crypto Is Too Dependent on Dollars

2020-9-29 21:03

With most stablecoins pegged to dollars, the crypto industry is wedded to a single currency with uncertain prospects. Time to diversify.

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crypto dollars diversify single currency uncertain wedded

crypto dollars → Результатов: 126


Can DeFi Survive Without CeFi? Bitrue’s Hybrid Solution Might Be The Middleground

Decentralized finance has been crypto’s defining motif this year, thanks in no small part to the ascendance of token mining solutions popularly known as yield farming. However, despite billions of dollars of crypto assets being locked into DeFi protocols, it has still to be determined whether decentralized finance can realize the lofty goals that inspired its creation, like banking the unbanked and providing greater financial inclusion.

2020-9-24 15:52


Dave Portnoy’s Crypto Stint Already Over with Buying at the Top & Selling at the Bottom

About ten days back, Barstool Sports president Dave Portnoy who became a day trader during the coronavirus pandemic, jumped in bitcoin — million dollars deep in it. Earlier this week, in his BlockFi sponsored session, he called himself the “Baron of bitcoin,” stating that he is up to $100,000 in his investment only to declare […]

2020-8-22 19:44


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Stablecoin Supply Has Reached $12 Billion; Why This is Bullish for Bitcoin

The amount of stablecoins circulating throughout the crypto market has been tremendous growth in 2020 Although it took this fragment of the market five years grow to $6 billion in size, it has grown to over $12 billion throughout the past six months alone This is an extremely positive development for Bitcoin, as many view the stablecoin supply as “dry powder” that can help ignite future rallies Because billions of dollars are pouring into these […]

2020-7-16 02:00


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“If you Can’t Fight it, Adopt it,” Visa Wins Patent for Digital Currency Protocol 

International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions.   Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies.

2020-5-15 17:00


Ernst & Young (EY): Nearly 17,000 Claims From Creditors Submitted On QuadrigaCX Assets

Ernst & Young (EY), the trustees of the now-bankrupt QuadrigaCX crypto exchange, announced nearly 17,000 applicants have filed for the remaining assets of the exchange. According to the published note on May 6th, EY claimed it will pay out the funds, totaling to around $300 million in current valuation, in Canadian dollars. However, the process […]

2020-5-13 20:46


China-Based BTC Miner and Wallet, Bixin, Opens A $66M Crypto Investment ‘Fund Of Funds’

The announcement released on Friday states, Bixin will set aside 6,600 BTC (~66 million dollars) from its proprietary mining capital into the “fund of funds”. The funds will be invested in global quantitative trading funds with a special focus on arbitrage, BTC futures and general technical and trend analysis within the industry. As Bitcoin heads […]

2020-5-8 15:52


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Bitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding

Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears go into hiding Bitcoin’s notable overnight rally has marked a major extension of the uptrend that was first sparked when […]

2020-4-30 02:00


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Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto

FTX, one of the fastest-growing crypto derivatives exchanges in the world, has announced the launch of crude oil futures that expire to the spot price of WTI crude oil plus $100 dollars. The fact that the product comes at a time when oil prices touched negative has instilled a new kind of confidence in the […] The post Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto appeared first on CryptoSlate.

2020-4-24 23:03