Ampleforth has completed upgrades after its second security audit through New York firm Trail of Bits. The full report is available below. Ampleforth is a stablecoin which uses a different…
Continue ReadingThe brother of deceased drug lord Pablo Escobar has launched a cryptocurrency apparently targeting the impeachment of President Trump. This article is originally written and posted on https://www.coindesk.com/pablo-escobars-brother-says-new-crypto-will-fund-impeach-trump-effort. Visit https://www.coindesk.com/ today…
Continue ReadingCoinfloorEX, a bitcoin futures market, has been spun off from its parent company and will relaunch next month with a stablecoin futures product. This article is originally written and posted on…
Continue ReadingVaishali Mehta, a senior compliance manager at Coinbase from November 2017 to November 2018, has joined TrustToken as head of compliance. This article is originally written and posted on https://www.coindesk.com/coinbase-vaishali-mehta-compliance-trusttoken-trueusd-stablecoin. …
Continue ReadingThe Singapore crypto exchange Switcheo has announced over the holiday period that it now supports the Alchemist launched SDUSD stablecoin. The Dollar-pegged coin was created to hold the value of…
Continue ReadingMicah Winkelspecht is CEO and founder of Gem, a crypto portfolio app company based in Los Angeles, The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. If 2017…
Continue ReadingThe source for this article wishes to remain anonymous. He is one of multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have…
Continue ReadingThe denationalization of money is finally unfolding organically in the form of digital assets. This article is originally written and posted on https://www.coindesk.com/the-true-crypto-alternative-to-government-money. Visit https://www.coindesk.com/ today for all Crypto News and…
Continue ReadingThere is no denying that 2018 has been the year from hell for cryptocurrencies. The majority of them, including the big daddy Bitcoin, have lost over 80% from their peaks…
Continue ReadingWhen merchants started introducing bitcoin and similar digital currencies as one of their payment methods, they quickly encountered a significant problem: price volatility. There were instances like a luxury item…
Continue ReadingCrypto trading platform Bitfinex has announced the opening of a margin trading service for the USDT/USD trading pair. According to the platform, the aim of the new service is to improve…
Continue ReadingAccording to sources, Facebook is developing a cryptocurrency that would enable money transfers to be done through its messaging app WhatsApp. As stated in the publication by Bloomberg, the company…
Continue ReadingSocial media giant Facebook is reportedly working to launch its own stablecoin for money transfers through its popular messaging app WhatsApp. This article is originally written and posted on https://www.coindesk.com/facebook-is-working-on-its-own-stablecoin-for-money-transfers-report. …
Continue ReadingTrustToken says its tech has passed three independent security audits, while its stablecoin is now seeing trading volume over $1 billion a month. This article is originally written and posted…
Continue ReadingIn June, Galveston County (Texas) discovered that it had paid over $525,000 to someone it didn’t owe money to, a scam artist posing as a representative of a firm doing…
Continue ReadingThe Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption. This article is originally written and posted on https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin. Visit https://www.coindesk.com/ today for all…
Continue ReadingThe stablecoin is still an evolving concept, and there have been multiple approaches to it. Dai has algorithmic methods to keep it tied to the US Dollar, while the multitude…
Continue ReadingAccording to recent market data, bitUSD, an elder stablecoin with a similar design and functionality to the Dai, is currently worth 30% less than the dollar it is intended to…
Continue ReadingBinance announced Friday that it would be adding a few new USD Coin pairs and moving its two existing USDC pairs into the combined stablecoin market called USDⓈ. Both ripple…
Continue ReadingFor a particular set of crypto users, the need for centralized exchanges is one of the biggest stumbling blocks on the road to a completely decentralized future. Not everyone is…
Continue ReadingBasis, the most well-funded stablecoin startup, says it couldn’t overcome regulatory hurdles and is returning money to its investors. This article is originally written and posted on https://www.coindesk.com/basis-stablecoin-confirms-shutdown-blaming-regulatory-constraints. Visit https://www.coindesk.com/ today…
Continue ReadingAccording to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they…
Continue ReadingFragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the “1984” character whose job is…
Continue ReadingTether (USDT) has recently found itself among the top five cryptocurrency assets by market cap – despite its own declining capitalization – due in part to the dramatic demise of…
Continue ReadingStablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token Stasis, a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly and annual audits of its financials,…
Continue ReadingThe engagement of BDO Malta aims to dispel any doubts that EURS stablecoins are backed one-to-one by euros. This article is originally written and posted on https://www.coindesk.com/stablecoin-issuer-stasis-promises-full-audits-of-euro-backed-crypto-token. Visit https://www.coindesk.com/ today for…
Continue Reading2019 is shaping up to be a pivotal year for innovation in the stablecoin sphere, writes the CEO of crypto trading firm XBTO. This article is originally written and posted…
Continue ReadingUsers of crypto exchange Bitfinex and its associated token-trading platform Ethfinex now have a total of six stablecoin options for trading on either platform. Bitfinex Opens Platform to Tether Competitors…
Continue ReadingStableCoinsWar is an interesting new service that lists the most important data for a number of stablecoins such as their current price, market capitalization, market cap percentage, volume and velocity…
Continue ReadingFollowing an announcement from Bitfinex yesterday regarding their newfound “neutrality” to tether (USDT) and intent to use other stablecoins in addition to USDT, crypto firm Tether has revived its former…
Continue ReadingFor some, perhaps the only thing better than a stablecoin is a universal stablecoin – one that’s usable wherever stablecoins are accepted. That’s what Huobi has launched in its new…
Continue ReadingAn exchange is only as good as its liquidity. There are hundreds of exchanges to choose from, and many have chosen Binance, which was originally based in China and funded…
Continue ReadingTether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with USD and EUR. This article is originally written and posted on…
Continue ReadingInteresting moves are afoot in stablecoin land. Major crypto trading platform Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor…
Continue ReadingBitPay is integrating the Paxos Standard stablecoin into its services, allowing merchants to utilize the token to settle transactions. This article is originally written and posted on https://www.coindesk.com/crypto-payments-processor-bitpay-to-support-paxos-stablecoin. Visit https://www.coindesk.com/ today…
Continue ReadingThe broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers. This article is originally written and posted on https://www.coindesk.com/stablecoin-purchases-surged-amid-wednesdays-crypto-market-drop. Visit https://www.coindesk.com/ today for all Crypto…
Continue ReadingThis Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela Economist Steve Hanke often scoffs that bitcoin isn’t “a real currency.” The Johns Hopkins University professor has also compared the…
Continue ReadingEconomist Steve Hanke has joined the board of advisors for the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new system for price-stable assets he…
Continue ReadingBinance, one of the world’s largest cryptocurrency exchanges by trading volume, is adding support for Circle-issued stablecoin USDC. This article is originally written and posted on https://www.coindesk.com/binance-exchange-will-list-circles-usdc-stablecoin-this-week. Visit https://www.coindesk.com/ today for…
Continue ReadingBinance, one of the world’s largest cryptocurrency exchanges by trading volume, is adding support for stablecoin USDC. This article is originally written and posted on https://www.coindesk.com/binance-exchange-will-list-the-usdc-stablecoin-this-week. Visit https://www.coindesk.com/ today for all…
Continue ReadingBitGo now supports over 100 assets, including new stablecoin offerings, as it works to offer a wide spectrum of services for institutional investors. This article is originally written and posted…
Continue ReadingThe interoperable dollar-pegged crypto token CarbonUSD has just launched as the first stablecoin on the EOS platform. This article is originally written and posted on https://www.coindesk.com/carbons-stablecoin-can-now-be-swapped-between-eos-and-ethereum-blockchains/. Visit https://www.coindesk.com/ today for all…
Continue ReadingThe interoperable dollar-pegged crypto token CarbonUSD has just launched as the first stablecoin on the EOS platform. This article is originally written and posted on https://www.coindesk.com/carbons-stablecoin-can-now-be-swapped-between-eos-and-ethereum-blockchains. Visit https://www.coindesk.com/ today for all…
Continue ReadingIn recent weeks two new cryptocurrencies have been listed on Coinbase, 0x and BAT. Both resulted in predictable pump and dumps immediately before and a few hours after the announcements.…
Continue ReadingPwC Is Advising (Not Auditing) Another Stablecoin Project The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an…
Continue ReadingPwC’s Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter. This article is originally written and posted on https://www.coindesk.com/pwc-is-advising-not-auditing-another-stablecoin-project/. Visit https://www.coindesk.com/…
Continue ReadingLast week’s much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether’s balance, has been confirmed as genuine by the bank. This article is originally written and posted…
Continue ReadingTether, or USDT, is supposed to remain “tethered” to the US Dollar, as its name implies. That’s its whole purpose as a token: it exists on exchanges as a way…
Continue ReadingCrypto startup Stably has just launched its StableUSD, a dollar-backed competitor to the reigning tether (USDT) stablecoin. This article is originally written and posted on https://www.coindesk.com/another-stablecoin-just-launched-with-real-time-view-of-dollar-backing/. Visit https://www.coindesk.com/ today for all…
Continue ReadingCryptocurrencies are now a new institutional investment class, rather than a fully developed electronic cash, a Morgan Stanley report says. This article is originally written and posted on https://www.coindesk.com/morgan-stanley-says-crypto-is-a-new-institutional-asset-class/. Visit https://www.coindesk.com/…
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