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Stablecoins Are Crypto’s Version of Fractional Reserve Banking


Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...

Venture Capitalists Have Invested Over $200M in Stablecoins


Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...

Crypto-Focused Lender Blockfi Launches Trading Platform


Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...

Circle Warns Poloniex US Customer Assets May Be Sent to the Government


As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....

Bermuda to Start Accepting USDC Stablecoin for Tax Payments


Bermuda has become the first government to start accepting taxes in the form of hugely popular USDC stablecoin. In fact, the people of Bermuda will also be able to use the USD Coin (USDC) for the payment of fees and government services, as per the official announcement by Circle on its blog dated...

Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto


27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC...

ERC20 Tether Transactions Flip Their Omni Equivalent


Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC....

Liquid Exchange Launches BCH/USDC Trading Pairs


The global cryptocurrency trading platform Liquid has announced the release of its new BCH/USDC trading pairs allowing anyone to swap bitcoin cash for the popular stablecoin USDC. Moreover, Liquid users will soon be able to connect their accounts to Bitcoin.com’s new Bitcoin Cash Register...

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