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Tag: stablecoins

Bit Trade Partners with Emparta to Launch Australia’s First Dollar-backed Stablecoin

Category: Altcoins, Business, Finance, Investment, News, Tech

Bit Trade Partners with Emparta to Launch Australia’s First Dollar-backed Stablecoin

Bit Trade, an Australian cryptocurrency exchange has recently partnered with Emparta, a blockchain employment platform to build and launch a cryptocurrency backed by the Australia dollar. According to Bit Trade’s blog post, published on September 21, 2018, the Australian stablecoin is scheduled to launch in 2019. Stablecoin the Backbone of Blockchain Finance Unlike popular cryptocurrencies like Bitcoin or Ether, stable coins…

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Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

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

Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

Grandshores Technology Group, a Hong-Kong based real estate firm turned blockchain investor, is set to raise HKD 100 million ($12.7 million) to finance a Japanese Yen backed cryptocurrency project The South China Morning Post reported on September 18, 2018. From Real Estate to Blockchain Investment Formerly known as SHIS Ltd., Grandshores Technology entered into the blockchain foray as a result…

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Winklevoss Twins Announce U.S. Dollar-Backed Token Gemini Dollar

Category: Altcoins, Business, Exchange, Finance, News, Regulation

Winklevoss Twins Announce U.S. Dollar-Backed Token Gemini Dollar

On September 10, 2018, Winklevoss twins’ cryptocurrency exchange Gemini announced the launch of a new stablecoin, pegged by the U.S. dollar, dubbed the Gemini Dollar. “Strictly Pegged” to US Dollars The Gemini Dollar (GUSD) is an infant stablecoin that is claimed to be strictly pegged 1:1 against the U.S. dollar and is an ERC-20 token. Cameron Winklevoss wrote in a…

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Stable Coins 101: The What and The Why of Cryptocurrency’s Most Price-Steady Offering

Category: Altcoins, Bitcoin, Business, Exchange, News

Stable Coins 101: The What and The Why of Cryptocurrency’s Most Price-Steady Offering

The term ‘stable coin’ refers to a cryptocurrency that has its value pegged to an asset that is unchanging in value. In the past, such digital tokens have mostly been associated with the US dollar, landing them at a valuation of $1. The main feature of stable coins is that their price remains stationary for the most part. Introduction to…

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Tether Rumored to Face Double-Spend Attack, Research Firm Clears Allegations

Category: Altcoins, News, Tech

Tether Rumored to Face Double-Spend Attack, Research Firm Clears Allegations

Controversial stablecoin Tether faced allegations of a double spend attack on May 30, 2018, after a Chinese cybersecurity firm revealed findings of a code audit. However, additional reports suggest the contrary. Tether’s Neverending Controversy SlowMist, the blockchain security firm which made the original claim, confirmed in a tweet on June 28, 2018, the code vulnerability was due to exchange integration…

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Institutional Investors Trust TrueUSD as Cryptocurrency Gateway

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

Institutional Investors Trust TrueUSD as Cryptocurrency Gateway

Cryptocurrency enthusiasts have long heralded the arrival of institutional money, but expressed concerns over the limitations of trading pairs and the controversy surrounding Tether. TrueUSD Finds Favor Over Tether The recent success of TrueUSD, however, suggests that fiat-backed cryptocurrencies could be the bridge that enables institutional investors to enter the space confidently. The fully-audited Tether competitor launched in March, fully…

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