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Global Currency Organization Launches USD Digital (USDD) Stablecoin; Profit Sharing For Institutions

Former employees of JP Morgan, Intel, and TrustToken have come together to start a new firm and have released a new stable coin called USD Digital (USDD) token, backed by US Dollar. However, the new stable coin has a twist to its business model, where the institutions using the token would share the revenue. The […] дальше »

2019-10-1 20:42


People’s Bank of China’s stablecoin may make Bitcoin’s case stronger, claims Longhash’s Emily Parker

Emily Parker, Co-founder of Longhash, was the latest guest on the Unchained podcast with Laura Shin today, and spoke about the cryptocurrency industry in China. During the interview, she talked about her interest in the Chinese cryptocurrency industry and that while there is purportedly a lot of transparent data on the blockchain, it isn’t necessarily […] The post People’s Bank of China’s stablecoin may make Bitcoin’s case stronger, claims Longhash’s Emily Parker appeared first on AMBCrypto. дальше »

2019-10-2 20:30


Global Currency Organization Launches New Institution-Focused USD Stablecoin

Global Currency Organization (GCO) is announcing the release its stablecoin, USD Digital (USDD), which is backed by U. S. Dollars held in an FDIC-insured account. The Global Currency Organization was created by former employees of TrustToken, JPMorgan and Intel, with intimate knowledge of the finance and stablecoin industries. дальше »

2019-10-1 19:00


Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council

At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook. дальше »

2019-10-2 18:45


Stablecoin regulations would need to eliminate risks regarding liquidity of underlying assets, claims IMF

As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves. дальше »

2019-9-28 18:30


Falling Crypto Prices Shakes Ethereum’s 1 to 1 Tie with MakerDAO’s DAI Stablecoin

Bitcoin and the entire crypto markets arena are in chaos currently after an abrupt drop in the Bitcoin network’s hash rate that resulted in heavy losses on September 24. Some analysts also believe that eh recent drops are as a result of a disappointing launch of the much-anticipated Bakkt platform. Ethreum also fell below $150 […] дальше »

2019-9-26 19:05


Wells Fargo’s Blockchain-based Stablecoin Will Be Faster, Cost Less Than SWIFT

The world's fourth-largest bank said cryptocurrency will allow near real-time money movement and cut out settlement middlemen, thus reducing costs from fees. Regarding the technical aspects of this new product, Wells Fargo has built their own blockchain using Corda Enterprise, the enterprise version of R3’s blockchain technology. While we will not see this product in […] дальше »

2019-9-21 19:26


Wells Fargo executive boasts of stablecoin’s better efficiency, higher speed against SWIFT

Wells Fargo, a Fortune 500 company providing financial services, has been the latest institution to express potential interest in blockchain and cryptocurrencies. As announced earlier, the organization revealed its plans to test an internal settlement service, Well Fargo Digital Cash, which would operate on its own Distributer Ledger. дальше »

2019-9-21 00:30


JPMorgan adds Singapore-based OCBC bank to its crypto-payment network

JPMorgan made waves in the crypto-market a few months ago after it announced ‘JPM coin. ’ Before the release of its own stablecoin, JPM had introduced Interbank Information Network [IIN] on its blockchain service to create an ecosystem of banks and users, while also promoting emerging technologies like blockchain itself to ease cross-border payments. дальше »

2019-9-20 11:33