Stablecoin - Tag Archives - Cryptonews (Page 44)

Another Megabank Moves Forward With its Stablecoin, Alipay Joins Race

Japan’s stablecoin race has begun to hot up – with one of the biggest banks in the country and the world announcing it has struck a deal with Alipay, the financial arm of Chinese business giant Alibaba.Source: iStock/Robert DalyThe Mizuho Financial Group, operator of Japan’s...

, by Tim Alper

Stablecoins Are Not True Cryptocurrencies

Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings. _______Source: iStock/sdstockphotoWhy we don’t rate Tether, TrueUSD and...

, by Juan M. Villaverde

Crypto in 2019: Main Trends in Token Sales

The ICO market is set to increasingly resemble traditional stock markets and IPOs. Another trend that's likely to solidify in 2019 is the increasing role private equity will have. "Think long term and don’t jump on every ICO or STO." Source: iStock/AndreyPopov Despite the apparent bear...

, by Simon Chandler

Taiwanese City Wants to Woo Tourists with Stablecoin

The Taiwanese municipality of Kaohsiung is set to launch a digital fiat “stablecoin,” backed by the local tourism bureau and financial authorities – with a pilot scheme slated for launch later this month.Source: iStock/hxdylKaohsiung has a population of nearly 3 million, and is...

, by Tim Alper

Facebook ‘Working on WhatsApp Stablecoin’

Facebook’s blockchain technology drive appears to have begun in earnest, with industry insiders reportedly revealing that the company is developing a so-called stablecoin that will allow WhatsApp, a messaging app, users to transfer money on the platform. Source: iStock/SjoPer Bloomberg,...

, by Tim Alper

USD 133m Stablecoin Basis is Closing Down (UPDATED)

The well-known stablecoin project Basis is shutting down operations and returning what is left of the funds they raised to investors, the startup confirmed on Thursday. (The article has been updated with the company's statement.)Logo of Basis."Unfortunately, having to apply US securities regulation...

, by Fredrik Vold

Why Are Stablecoins Becoming Popular?

hiv360/Shutterstock Bitcoin has plunged from a high of almost USD 20,000 in December 2017 to as low as USD 3,400. So it’s understandable that some cryptocurrency users might be looking for more stability. With the future of Bitcoin and other...

, by Greig Paul

Stablecoins Lead the Way in Bearish Crypto Market

In case you haven’t already noticed, there is still one category of cryptocurrencies that has seen strong growth during this year’s crypto bear market: Stablecoins. As competition is heating up, new stablecoins has entered the market and investors are looking for less volatile digital...

, by Fredrik Vold

Japan: Exchanges, FSA and Bank Step up Crypto Developments

Tumbling prices appear to have done little to deter Japanese businesses, banks and regulators in their efforts to breathe new life into the country’s cryptocurrency industry.Source: iStock/xavierarnauExchanges have been leading the way, with DMM Bitcoin, a platform operating under a Financial...

, by Tim Alper

Exclusive: “There Is an Organized Campaign Against Us,” Says Tether

Media reports about Bahamas-based Deltec Bank accepting suspicious transactions is part of an “organized campaign” against their customer Tether, Leonardo Real, Chief Compliance Officer (CCO) at Tether, the most popular stablecoin, told Cryptonews.com, without specifying who's behind...

, by Sead Fadilpašić

BitPay, CoinShares, and CryptoOracle Execs Talk Crypto

As the crypto sell-off is hitting mainstream media outlets, experts are being brought on to explain what is going on in the crypto markets, as well as share their thought on just how deep the rabbit hole is.Lou Kerner, Danny Masters, Sonny Singh. Source: video screenshots, Cryptonews.comIn an...

, by Fredrik Vold

This New Stablecoin Has a Backdoor for Freezing Funds Too

USD//Coin (USDC), a cryptocurrency recently released by crypto startup Circle, retains the right to blacklist addresses and freeze funds should they decide they are being used for illegal activities. The community is outraged and many are looking for stablecoin alternatives to USDC.Source:...

, by Sead Fadilpašić

Japanese Bank Joins Stablecoin Frenzy

Another Japanese bank has begun experimenting with a digital fiat “stablecoin.” Per Nikkei, the First Bank of Toyama has launched a pilot scheme for its own blockchain-powered stablecoin, with a view to commercializing the token in October 2019.Source: iStock/yongyuanThe token will...

, by Tim Alper

Tether Claims They Have USD 1.8 Billion, Community Amused

Tether, the company behind the largest stablecoin by market capitalization, said it has a bank account with Bahamas-based Deltec Bank & Trust Ltd and the account holds USD 1.8 billion as of October 31st. Source: iStock/EHStock Tether has long caused controversy in the cryptoverse, due to...

, by Sead Fadilpašić

500 Million Tethers Burned. Now What?

In an announcement from Tether on Wednesday, the company behind the controversial stablecoin USDT confirmed that it has destroyed 500 million USDT tokens that were held in the Tether Treasury wallet controlled by the company.Source: iStock/ThomasVogelIn it’s whitepaper, the company explains...

, by Fredrik Vold

First Stablecoin Goes Live on Coinbase as Tether’s Struggle Remains

The popular US-based fiat-to-crypto exchange Coinbase has launched support for the new up-and-coming stablecoin USD//Coin (USDC), issued by Circle. Source: iStock/kyoshinoIn a blog post, Coinbase said it is the first time they have ever added support for a stablecoin, while listing up benefits of...

, by Fredrik Vold

# Stablecoin (Page 44)

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