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Tone Vays Says Proposed Digital USD is Nothing New
25.3.2020
Tone Vays argues the new U.S. digital dollar proposal is nothing new in the tech category
Bitfinex, Bybit Launch New Products, CoinDCX Raises USD 3m + More News
24.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Bitfinex has launched a proprietary surveillance tool, dubbed Shimmer, in order to combat market abuse and help...
USD 722m BitClub Ponzi Suspects Ask for Release amid Coronavirus Fears
24.3.2020
Two men accused of setting up the BitClub Network, a cryptocurrency mining Ponzi scheme that allegedly duped thousands of investors out of USD 722 million, have petitioned a New Jersey federal judge to release them from a county jail – as they fear they could contract the coronavirus if they...
Flight to Quality: Investors Seek Shelter in US Dollars & Bitcoin
21.3.2020
Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin
MakerDAO Raises USD 2m in MKR Debt Auction + More News
20.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Stablecoin news
USD 2 million in DAI has been raised in the MakerDAO MKR debt auction. The debt auction was launched with a goal...
Bitcoin Jumps Back Above USD 6,000 as It Rallies 50% Since Bloody Friday
19.3.2020
Source: iStock/hocus-focus
After touching the USD 4,000 level less than a week ago, bitcoin (BTC) rallied around 50% and is now trading above USD 6,000 again.
At pixel time (18:39 UTC), bitcoin is trading at c. USD 6,249 and is up 22% in a day, erasing all its weekly losses. The price is now up...
Anthony Pompliano Suggests USD Must Be Devalued for Markets to Rise
19.3.2020
The global markets have come crashing down since the beginning of 2020, and March has been that worst affected. In India alone, it is estimated that the stock market lost about $600 billion since February, and the losses haven’t stopped yet. Similar crashes have been witnessed across the globe...
Winklevoss-Owned Nifty Becomes First USD-Based NFT Exchange
17.3.2020
While only U.S.-based traders can withdraw USD from the platform, for now, international users are able to deposit, withdraw, and trade non-fungible tokens on Nifty
Gold/USD Analysis: Gold Proves to be NO Exception as it Records Over 5% Dip
17.3.2020
Just when we thought that Gold is the safest haven amidst the market crash that’s happening due to Coronavirus, the former extended its dip and has recorded almost 2% loss after the previous day’s weakened session. Interpreting the global crises to end up with funding and liquidity problems,...
Bakkt Raises USD 300M from Microsoft's M12 and PayU Among Others
16.3.2020
Bakkt, a physically-settled Bitcoin futures trading platform, has completed a multi-million-dollar fundraising round, bringing the total raised capital to USD 482.5 million.
Bakkt has closed a Series B fundraising round, raising USD 300 million, with participation from investors, including some...
Bitfinex Onboards Fulgur Alpha, USD 280M Crypto Hedge Fund
16.3.2020
In an attempt to increase liquidity for institutional crypto investors, major crypto exchange Bitfinex, a sister company of stablecoin issuer Tether (USDT), has announced that it has onboarded a multi-million-dollar crypto hedge fund called Fulgur Alpha.
The exchange says in the press release that...
Bitcoin Drops Below USD 5,000, Altcoins Start Fresh Decrease
16.3.2020
This week started with a fresh increase in selling pressure on bitcoin below the USD 5,500 resistance area. BTC/USD broke a couple of key supports near the USD 5,200 and USD 5,000 levels to enter a bearish zone. It seems like there are chances of more losses below USD 4,800 and...
Circle’s USD Coin Sees Major Growth After Market Downturn
15.3.2020
USDC seems to be the only stablecoin to stabilized on a significantly higher market cap after the recent Bitcoin price downturn
Friday 13 Strikes: Crypto Exchange Employee Makes USD 82,000 Fee Gaffe
13.3.2020
Friday 13 proved to be an unlucky day for a South Korean cryptocurrency exchange, and for one staff member in particular – with an employee error at Coinone leading to the platform apparently frittering away some USD 82,000 worth of ethereum (ETH) in fees on a transaction worth a fraction of...
Panic Attack: Bitcoin Crashes to USD 6,000, Altcoins Bleed More
12.3.2020
The downturn in the crypto market just accelerated.
As of press time on Thursday (10:50 UTC), bitcoin traded at USD 6,000, down more than 15% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with price reaching as low as the USD 5,500 level before recovering.
The...
Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals
11.3.2020
Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD
Chinese Blockchain Pilot Processes USD 56m Worth of Int’l Trade
11.3.2020
A blockchain-powered trade finance platform developed by China’s foreign exchange regulator has already processed cross-border payments worth USD 56.36 million and completed export financing totaling USD 460 million as part of a year-long pilot in selected areas of the country.
Chongqing...
Indian Rupees Breaks All-time Low Against USD, Crosses INR 73 to a Dollar
11.3.2020
The Indian Rupees is currently at the lowest value against the US Dollar as the USD soared up to INR 73.77 on Wednesday. The value has been crashing continuously for the past couple of weeks, and India’s position doesn’t seem to be improving anytime soon. This is a worrying situation for...
Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency
11.3.2020
The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings. Also Read: Blockchain.com...
USD Coin and Tether Issuers Expand Their Services + More News
10.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Stablecoins news
Major crypto financial services firm behind the USD Coin (USDC) stablecoin, Circle, has released a new set...