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US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
12.6.2020
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher...
Coinbase Custody Deleted Tweet That Could Explain Surge in Tether Addresses
10.6.2020
In a now-deleted tweet, Coinbase Custody International announced on Twitter it was adding support for withdrawals and deposits in the stablecoin tether
Crypto Payroll Startup Bitwage Lets Earners Sidestep Volatility With Stablecoin Payments
10.6.2020
Offering the option to receive wages in the USDC stablecoin removes the volatility risk for earners
Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins
10.6.2020
A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network
Ethereum-Based Tether Better Distributed Than Other Stablecoins - Report
9.6.2020
Among the explored stablecoins, Tether (USDT)'s ERC20 version is "particularly well-distributed," crypto market analysis firm Coin Metrics said, stressing that only a few accounts own a large majority of five other stablecoins' supply.
Since its creation six years ago, the dollar-pegged...
Poloniex Lists Binance Coin Following Tensions Over Steem
5.6.2020
Poloniex has launched support for Binance Coin and Binance USD, despite CZ’s recent vocal criticism of Justin Sun over his handling of Steem
Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange
3.6.2020
This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange...
Stablecoins Are the Bridge From Central Banks to Consumer Payments
30.5.2020
Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton
Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network
29.5.2020
According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid...
Market Wrap: Bitcoin Can’t Stick to $9,000 While Stocks Rally
26.5.2020
While bitcoin has been trending lower, Tuesday’s big winner in the markets are equities
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
26.5.2020
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin...
Stablecoins Can Transfer Value Across Blockchains, Says Vitalik Buterin
25.5.2020
Ethereum co-founder Vitalik Buterin suggested that stablecoins could serve as instant cross-blockchain bridges
Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March
18.5.2020
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March
Where Bitcoin Fits in the New Monetary Order
15.5.2020
The third part of The Breakdown’s Money Reimagined series looks at the role of bitcoin and USD stablecoins in the new global monetary order
Ledn Launches USDC Stablecoin Savings Accounts With Focus on Latin America
14.5.2020
Ledn is now offering USDC stablecoin savings accounts through a partnership with the crypto lending and trading conglomerate Genesis
Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin
12.5.2020
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data
Could Stablecoins Trash Cash in the Race to Deliver COVID-19 Payouts?
12.5.2020
With governments all over the world looking for ways to mitigate the financial damage of the coronavirus outbreak, many thinkers are openly asking if cash, already looking outdated before the pandemic, is the right tool for the job in a pre-vaccinated world.
In South Korea, both the private and...
Bitcoin in Emerging Markets: Latin America
8.5.2020
Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique
75 Companies Back Facebook Libra’s Competitor Celo
7.5.2020
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz....
Three Reasons Why Valiu Picked Bitcoin Over Stablecoins in Venezuela
5.5.2020
In an attempt to help Venezuelans to store their savings in a more stable currency, Colombia-based fintech, Valiu, decided to indirectly use Bitcoin (BTC) rather than one of the many available stablecoins. There are three reasons why BTC has won in this case.
“Liquidity, business model,...