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Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks
19.11.2020
The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and...
Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%
18.11.2020
The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of...
Bitcoin Evangelist Andreas Antonopoulos Plans to Testify in Billion-Dollar Bitcoin Lawsuit
18.11.2020
On Monday evening November 16, the popular bitcoin evangelist Andreas Antonopoulos tweeted about his upcoming role in the high-profile billion-dollar bitcoin lawsuit, Kleiman v. Wright. Antonopoulos said that he will be “testifying at trial” during the month of April 2021, even though...
Western Union Suspends US Dollar Transfers to Cuba
17.11.2020
The move follows the latest sanction from the Trump administration
4th Major DeFi Hack In A Month: Origin Dollar Loses USD 7m
17.11.2020
"A superior stablecoin for the Ethereum network," Origin Dollar (OUSD), has been hacked, becoming at least the fourth decentralized finance (DeFi) project, attacked less than in a month.
"There has been a loss of funds of around USD 7m, including over USD 1m of funds deposited...
Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin
17.11.2020
In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under...
Yield-generating stablecoin project Origin Dollar exploited for $7M
17.11.2020
Origin Protocol has announced its yield-generating stablecoin protocol, OUSD, has been hacked and drained of at least $7 million
Cheese Bank's multi-million dollar hack explained by security firm
16.11.2020
Nefarious parties are using flashloans in conjunction with stablecoins to steal DeFi funds from platforms
Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)
16.11.2020
A world in which bitcoin becomes the global reserve currency is a world many of us would not want to live in
Stocks boom, dollar gloom: 5 Things to watch in Bitcoin this week
16.11.2020
Bitcoin is holding above $16,000 amid mixed feelings about the chances of all-time highs appearing this bull run
Dollar Decline and the Paralysis of Conventional Monetary Policy
15.11.2020
A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status
Inflation games: Bitcoin competes with fiat on value but lacks volume
14.11.2020
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies
Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply
14.11.2020
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency...
Macro factors could bring Bitcoin to $1 trillion market cap, strategic investor say
12.11.2020
Strategic investor Lyn Alden says 2020 macroeconomic environment is extremely favourable to Bitcoin
US central banker urges digital dollar development
10.11.2020
FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar
'The Most Crucial Question' on Digital Dollar According to Fed
10.11.2020
Economists at the Federal Reserve, the United States’ central bank, have concluded that research into central bank digital currencies (CBDCs) fails to show that CBDCs are a silver bullet, leaving “many questions” to be answered – another hint that the Fed will not be rushed into the issuance of...
Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances
10.11.2020
According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and...
Debate Rages on Whether a Digital Dollar Will Unleash Inflation
9.11.2020
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow
Jointer.io Matches Binance & CZ’s $100 Million Challenge With Early Adopter Fund
9.11.2020
PRESS RELEASE. Changpeng Zhao (CZ) sent shockwaves across the crypto industry in September by announcing a $100 million investment fund devoted to projects building on the Binance Smart Chain (BSC). Now, Jointer.io, the world’s first commercial real estate-backed DeFi auction, is matching...
Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses
7.11.2020
Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched...