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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...
Bitcoin Back Above USD 8k, Analysts Say Virus Fears Did Impact Price
10.3.2020
Source: iStock/da-kuk
While crypto may be an uncorrelated asset class, one analytics firm says that the virus fears had an “undeniable effect” on cryptocurrency prices, following the massive sell-off in both stocks and crypto on Monday.
However, on Tuesday, markets turned green as bitcoin (BTC)...
IOTA Co-founder to Repay Hack Victims USD 2M as Network Prepares to Reopen
9.3.2020
David Sønstebø, the Co-founder of IOTA, stated that he will personally repay the victims of the recent attack on the network and that the mainnet will be back up tomorrow, March 10.
Following the alleged messages shared on IOTA Discord a few days ago, Sønstebø has confirmed to Cointelegraph that...
It’s Too Early to Revise USD 20K per Bitcoin Prediction - BitPay CCO
6.3.2020
Source: iStock/Bychykhin_Olexandr
Following warnings in January that “unforeseen incidents” may occur and potentially affect bitcoin (BTC) price, the Chief Commercial Officer (CCO) of major crypto payment processor BitPay, Sonny Singh, now says that the Coronavirus could be such an incident....
Bitcoin Returns Above USD 9,000, Tezos Leads the Rally
5.3.2020
The most popular cryptocurrency, bitcoin (BTC) has returned above the USD 9,000 mark on Thursday, while tezos (XTZ), the 10th most valuable cryptoasset by market capitalization, is again seeing double-digit gains today following an improvement in overall sentiment in the broader crypto market.
At...
The USD 500bn Card Didn't Help Ripple, XRP 'Stays in the Crosshairs'
27.2.2020
U.S. District Judge wasn't persuaded by the argument that the continuance of the case against Ripple, an American blockchain company focusing on payments technologies, would mean turning the broader USD 500 billion XRP market on its head, and the case continues.
As reported in January, Ripple...
Justin Sun Sees Bitcoin at USD 100K by 2025, Holds 'A Lot' of ETH and XRP
24.2.2020
Justin Sun. Source: a video screenshot, Youtube, Praxis Media Group
Bitcoin (BTC) and most altcoins are in for a bull run in the next five years, said Justin Sun, founder of Tron (TRX), also sharing that he has quite a diversified portfolio.
As a guest on CNN, talking with Julia Chatterley,...
Hedge Fund Increases Mt. Gox Creditor Offer to USD 1,300 per Bitcoin
20.2.2020
The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin (BTC)-holding customers out of pocket.
Per Bloomberg, the hedge fund has made...
Japanese Food Firm Execs Took Wild USD 2.7m Shitcoin Gamble – Police
19.2.2020
Police believe that the senior management of Japanese food retailer Kefir took a desperate gamble on the cryptocurrencies market in an eleventh-hour bid to save the company from bankruptcy in 2018 – allegedly sinking millions of investors’ dollars into a so-called shitcoin.
Nine executives at...
DeFi Loses USD 140M in a Few Hours as bZx Suffers Another Exploit
18.2.2020
Assets locked in DeFi (decentralized finance) have dropped more than USD 142 million in a few hours as DeFi platform bZx suffered yet another attack.
Just four days ago, somebody exploited a vulnerability in tokenized margin trading and lending platform bZx, and now the reports are coming out that...
Whale Rakes in USD 9 Million as Bitcoin Market Slides
17.2.2020
Source: iStock/Marie-Elizabeth Mali
After a highly volatile weekend in the bitcoin (BTC) market, news came out on Sunday that a large trader on the popular crypto exchange Bitfinex may have raked in USD 9 million in a matter of minutes as the BTC price dropped.
Judging from a screenshot of...
Troubled FCoin Goes Bust Leaving Up to USD 116 Million in Limbo
17.2.2020
Source: iStock/Lisa-Blue
Troubled Chinese crypto exchange FCoin expects that "the scale of non-payment is between 7000-13000 BTC" (USD 62.5 million - USD 116 million) after it run into troubles last week.
As reported, on February 12, the exchange stated that they lost "contact of key personnel...
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response
16.2.2020
The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy,...
Crypto Lending Startup BlockFi Raises USD 30M, Plans Singapore Office
13.2.2020
Zac Prince, co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
Following the millions raised in the series A funding, major U.S.-based cryptocurrency lending startup BlockFi sees almost 64% more in funding just six months later. Also, they're about to open a Singapore...
USD Coin Issuer Circle Sells Another Business + More News
12.2.2020
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.
M&A news
Voyager Digital Canada, the operator of U.S. digital asset broker Voyager and the Ethos Universal Wallet, said it...
Bitcoin Predicted to Continue Higher After Breaching USD 10k
10.2.2020
After bitcoin (BTC) forcefully broke through the USD 10,000 mark on Sunday, followed by a flash-crash down to USD 9,700 on Monday morning, analysts now predict that even larger gains may lie ahead for the number one digital asset.
While the short-lived sell-off seen in the early hours of trading...