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BITCOIN PRICE: 3,535.39     HIGH: 3,620.23     LOW: 3,528.87

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Tag: Stablecoin

Tether (USDT) Might Really Be Backing its Billions

Category: Altcoins, Blockchain, Business, News, Platform, Tech

Tether (USDT) Might Really Be Backing its Billions

A report by Bloomberg is shedding light on Tether’s finances and suggests that Tether may be fully-backed by US dollars in a bank account. The financial news publication was able to gain access to documents that appear to show that Tether has sufficient fiat currency to underwrite its dollar-backed cryptocurrency. Is Tether Tethered to the Dollar? The cryptocurrency industry has…

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Stablecoin Startup Basis Shuts Down Eight Months after Raising $133 Million

Category: Altcoins, Blockchain, Business, Finance, News, Platform, Regulation, Tech

Stablecoin Startup Basis Shuts Down Eight Months after Raising $133 Million

According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities. Crypto Industry in Dire Straits Since November 2018, the cryptocurrency industry has been on a…

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Binance Will List Circle And Coinbase’s “Center” Stablecoin

Category: Altcoins, Blockchain, Business, Finance, News, Platform, Tech

Binance Will List Circle And Coinbase’s “Center” Stablecoin

Binance, the world’s largest cryptocurrency exchange by daily trade volume announced that it would list the USDC on Friday, November 16 at 10:00 pm Eastern Standard Time (EST). According to the Centre Consortium’s Medium blog post, Binance will open deposits for USDC and will enable trading for two pairs, the USDC/BTC and USDC/BNB. USDC Met With Widespread Adoption As previously…

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Bitcoin Remains Firms Despite China Reiterating Its Warning About Crypto

Category: Bitcoin, Blockchain, Business, Finance, News, Platform, Tech

Bitcoin Remains Firms Despite China Reiterating Its Warning About Crypto

The price of bitcoin remained firm this week, gaining about half a percent, versus last week’s close amidst low volatility despite news out of China that suggests that the People’ Republic’s central bank’s stance towards digital currencies will not turn positive again anytime soon. China’s central bank has reportedly reiterated its warning on the use of cryptocurrencies through a newly…

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New Zealand Set to Re-introduce Stable Coin NZDT

Category: Adoption, Altcoins, Blockchain, Finance, News, Platform, Tech

New Zealand Set to Re-introduce Stable Coin NZDT

New Zealand is preparing for the re-introduction of a cryptocurrency pegged to its national fiat currency, the New Zealand dollar (NZD). The digital currency is called the NZDT, (the New Zealand dollar Token) and is issued by the country’s leading digital asset exchange Cryptopia. The NZDT was initially launched last year but was stopped following regulatory concerns. However, Cryptopia is…

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Tether Burns More than 500 Million USDT

Category: Altcoins, Business, Finance, News

Tether Burns More than 500 Million USDT

Tether, the company that issues the world’s largest stablecoin USDT, announced via Twitter that they redeemed 500 million USDT tokens from the Tether treasury wallet. According to the press release published on October 24, 2018, Tether will leave the remaining 466 million USDT in the wallet to prepare for future USDT issuances. Tether Destroys USDT from Treasury According to Tether,…

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Romanian Exchange Launches a Tether Copycat for the Nation’s Fiat Currency

Category: Altcoins, Bitcoin, Finance, News, Platform, Tech

Romanian Exchange Launches a Tether Copycat for the Nation’s Fiat Currency

Bitcoin Romania, the first and largest crypto exchange on the Romanian market, has launched  Roncoin (RONC), the first token to have a 1:1 parity with Romania’s currency (RON), Business Review reported on October 22, 2018. Roncoin, the First Cryptocurrency with a 1:1 Parity to Romanian Leu Bitcoin Romania, the company providing the most comprehensive exchange services for BTC and ETH in…

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Coinbase Introduces Circle’s Center Stablecoin on Exchange, Critics Cry Foul

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

Coinbase Introduces Circle’s Center Stablecoin on Exchange, Critics Cry Foul

Cryptocurrency giants Coinbase and Circle recently announced on October 23, 2018, the addition of the Center (USDC) stablecoin on the former’s exchange. According to the Coinbase blog, it is the first time the cryptocurrency exchange has supported a stablecoin which it believes is fundamentally different from any existing stablecoins in the market. Coinbase and Circle Form the Centre Consortium According…

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Bitcoin Climbs Back to its $6,500 “Stablecoin” Mark: BTCManager’s Week in Review

Category: Bitcoin, Business, Ethereum, News, Platform, Tech

Bitcoin Climbs Back to its $6,500 “Stablecoin” Mark: BTCManager’s Week in Review

The price of bitcoin managed to regain the $6,500 mark, which the community is jokingly referred to as its “stablecoin price” as it has spent the better of the last two months hovering around this price level. The price was pushed higher this week – by around three percent – thanks to crypto-positive news coming from Wallet Street. Fidelity, the…

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GMO Internet Set to Launch Yen-Backed Stablecoin “GMO Japanese Yen” in 2019

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

GMO Internet Set to Launch Yen-Backed Stablecoin “GMO Japanese Yen” in 2019

Japanese IT giant, GMO Internet has made its entry into the stablecoin space, with plans to launch a yen-pegged cryptocurrency in 2019. In an announcement on October 9, 2018, the company said that it would begin full-scale preparation to issue the stablecoin – GMO Japanese Yen (GJY) –  as it prepares for a move into the blockchain remittance and settlement…

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