STABLECOINS

How Global Stablecoins Can Promote Financial Stability in the World

Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, […]

Here’s a look at Bitcoin’s future as an Ethereum token

Crypto community has been seeing a lot of efforts recently in injecting Bitcoin into the DeFi ecosystem. The latest implementation of BTC on Ethereum blockchain, renBTC[REN] and went live just last week. Loong Wang, CTO, and Co-founder of Ren appeared on a recent podcast and talked about this new implementation.  He noted that the main […]

Chinese Communist Party’s new blockchain book casts Libra as a threat to its currency system

Quick Take China’s Central Party School has published a new book, Discussing Digital Currency with Leading Officials, that according to local media reports touches on topics like central bank digital currency, stablecoins, exchanges and trading, cross-border payments and initial coin offerings According to the reports, the book describes Libra as a threat to China’s leadership in […]

Stablecoins Need to Achieve Cross-Chain Compatibility

In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market seem to struggle quite a bit. Stablecoins Need to Keep Evolving Only Tether’s USDT is effectively […]

Stablecoins can serve as instant cross-blockchain bridges – Vitalik Buterin

The co-founder of Ethereum, Vitalik Buterin, suggested that stablecoins could let users move value across different blockchains.  Bitcoin activist Udi Wertheimer said that users don’t care about how systems work as long as they are interconnected. Tether’s CTO believes third parties should implement a system solving the problem of lack of interoperability.  According to Vitalik […]

This crypto startup just raised $10M in an ICO, in 2020

Silicon Valley-based crypto startup Celo just raised $10 million through an ICO-like sale on CoinList, a regulatory compliant token sale platform. Just when we thought the ICO gold rush was over, one Silicon Valley-based crypto startup is proving that it can still be done – sort of. cLabs, the company behind the Celo blockchain, today […]

Stablecoins Could Transfer Value Across Blockchains, Says Vitalik Buterin

Ethereum co-founder Vitalik Buterin suggested that stablecoins could serve as instant cross-blockchain bridges. Ethereum co-founder Vitalik Buterin thinks that the stablecoin industry is missing a valuable opportunity to improve interoperability between different blockchains.  In a lengthy Twitter thread on May 20, Buterin suggested that stablecoins could enable users to move value across different blockchains: “In […]

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

Top Chinese political advisers have proposed a regional digital currency that would be backed by four major Asian currencies including the Japanese yen, Korean won, Hong Kong dollar and the yuan. The proposal unveiled Thursday describes the currency as a “stablecoin,” a term for cryptocurrencies designed to hold their value and backed by a reserve […]

China Communist Party has published a new book on cryptocurrencies

China’s Central Party School of the Communist Party has published a book on cryptocurrencies. The book is about the nature and the future of digital currencies. It also explores the risks arising from different types of digital currencies and the proposed regulatory solutions. According to a recent report, China’s Central Party School of the Communist Party has […]

Chinese Officials Propose East Asian Stablecoin

Chinese officials plan to create a stablecoin backed by a basket of Asian digital currencies. The currencies involved are the Japanese yen, Korean won, Chinese yuan, and the Hong Kong dollar. This effort is separate from the People’s Bank of China’s central bank digital currency. Chinese officials proposed a regional stablecoin backed by four major […]

Second Generation Stablecoins Drive Next Wave in Crypto Adoption

Crypto adoption needs a major push and second generation stablecoin may be able to provide that. Following the wax and wane of the 2017 bull run and subsequent 2018 crash, blockchain has found itself at an impasse. One impediment in particular is the lack of real-world adoption. Despite significant institutional interest, billions of dollars in […]

Justin Sun’s new stablecoin sells out in under five minutes

The token is the first to launch on Poloniex’s IEO platform LaunchBase. In brief Justin Sun’s new stablecoin JUST sold out in under 5 minutes, according to the Tron CEO. This was the first token issued on Poloniex’s IEO platform LaunchBase. Sun and Tron are currently embroiled in a lawsuit alleging the sale of unregistered […]

Michael Novogratz: We should be valuing Ethereum like Wall Street values Facebook

How To Choose An ICO To Invest In New ICOs (OTC) With cryptocurrencies, there are no cash flow statements or balance sheets an investor can analyze to get a good sense of their intrinsic value. This makes it hard for conservative Wall Street players like Warren Buffett — who analyze their investments by discounting cash flows […]

TRON Now Ranks Second After Ethereum (ETH) in the Issuance of USDT

How To Choose An ICO To Invest In New ICOs (OTC) The Tron network now hosts the second largest amount of Tether (USDT) after the Ethereum network. Tether (USDT) has been issued on 6 blockchains. Tron (TRX) now hosts the second-highest amount of USDT after the Ethereum network. The parent company of Tether now has $8.59 […]

ECB warns Libra could amass $3 trillion in assets

How To Choose An ICO To Invest In New ICOs (OTC) If stablecoins take off but malfunction, they could pose a big risk to financial stability, says the European Central Bank. In brief The potential size of Libra’s assets and links with the wider financial system pose a risk to stability, says a new ECB report. […]

75 Companies Back Facebook Libra’s Competitor Celo

How To Choose An ICO To Invest In New ICOs (OTC) 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. Celo […]

HSBC Chief Legal Officer, Stuart Levey Joins Libra as CEO; Bringing Transparency to the Association

How To Choose An ICO To Invest In New ICOs (OTC) Stuart Levey’s experience within both the private and governmental sector made him a clear choice for Libra. The Libra association has appointed Stuart Levey as the organization’s first CEO according to an announcement on May 6. Mr. Levey is HSBC’s current Chief Legal Officer and […]

Ethereum Network Gas Usage Back to ATH in Anticipation of ETH 2.0 and Growing Stablecoin Demand

How To Choose An ICO To Invest In New ICOs (OTC) The price of Ether is trading above $200 for a week now, after recording over 56% gains last month. The second-largest digital currency, however, is still down 87% from its all-time high of $1,570. Ether price like other altcoins is lagging today while Bitcoin is […]

Brave Browser To Add BNB and BUSD As Part Of Its Reward System In The Future, Says CZ

How To Choose An ICO To Invest In New ICOs (OTC) Binance CEO Changpeng Zhao (CZ) and Brave Software co-founder and CEO Brendan Eich said in a live stream earlier today that the partnership between the two will continue with new developments. Both companies plan to introduce Binance Coin (BNB) and Binance USD (BUSD) as new […]

Ethereum Classic (ETC) is Looking for Stablecoin Projects to Support

How To Choose An ICO To Invest In New ICOs (OTC) The Ethereum Classic (ETC) network is yet to host a stablecoin project. The team at ETC Labs is looking for stablecoin projects to support or establish a partnership with. Majority of the stablecoins in the crypto-verse run on the Ethereum (ETH) network. They include Tether […]

Banking & Payments Predictions 2020: Cryptocurrencies

How To Choose An ICO To Invest In New ICOs (OTC) Cryptocurrencies are a form of digital currency based on mathematical algorithms. Encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Cryptocurrencies operate independently of central banks. Bitcoin is the cryptocurrency that first introduced blockchain technology to […]

Libra’s Vice-Chair Says Blockchain is Key While Ex-IMF Economist Criticizes the New Whitepaper

How To Choose An ICO To Invest In New ICOs (OTC) Facebook led, Libra Association, recently updated its whitepaper for proposed stablecoins, and has since attracted several opinions from internal and external stakeholders. This was, however, expected given the project’s threat to existing financial ecosystems and the possibility of tapping into Facebook’s market with ease. Blockchain […]

Payments Processor Checkout.com Joins Facebook-led Stablecoin Project Libra Association

How To Choose An ICO To Invest In New ICOs (OTC) British payments processor Checkout.com has become an official partner of the Libra Association, which works on developing Facebook’s Libra digital currency. This comes after Mastercard, Visa and Stripe have decided back in October to no longer support Libra. In the last few weeks, the crypto […]

Tether is Not Responsible for Bitcoin Price Manipulation?

How To Choose An ICO To Invest In New ICOs (OTC) According to a report released by Richard K. Lyons and Professor of Finance Ganesh Viswanath-Natraj, both from the University of California Berkley, contrary to Griffin and Shames claims, the issuance of a stablecoin such as Tethers USDT has no systematic effect on cryptocurrency prices. The report claims […]

Stablecoins’ rising market cap can be preventive measure against future instability

How To Choose An ICO To Invest In New ICOs (OTC) The performance of the cryptocurrency market in 2020 has been very erratic, with the global crypto market cap moving by 4% since the beginning of the year from $191.87 billion to $199.74 billion. However, beating the demand and supply of cryptocurrencies, stablecoins have also been […]

Facebook’s Libra Will Now Scale to Develop Several Stablecoins

Libra will create several stablecoins until the end of 2020. This time – with government approval. The stablecoin will be backed by several government currencies. Also, there will be local currencies represented as separate stablecoins. How To Choose An ICO To Invest In New ICOs (OTC) Per the project papers, one coin in the blockchain can […]

Second Generation Stablecoins Drive Next Wave in Crypto Adoption

How To Choose An ICO To Invest In New ICOs (OTC) Crypto adoption needs a major push and second generation stablecoin may be able to provide that. Following the wax and wane of the 2017 bull run and subsequent 2018 crash, blockchain has found itself at an impasse. One impediment in particular is the lack of […]

The Best Crypto Derivative Exchanges

How To Choose An ICO To Invest In New ICOs (OTC) Crypto derivatives help traders manage their risk and amplify their profits. Here are the best places to trade them. Derivatives are efficient trading instruments that can offer traders an edge in managing risk and multiplying profits. Here are the top four crypto derivative exchanges that […]

Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency

The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings. Popular Wallet to Offer Crypto Lending for Global Retail Users Blockchain.com, the […]

Why are stablecoins so attractive? History of stablecoins

The first stablecoin that became available in the market was Tether (USDT) back in 2014, after it was renamed from Realcoin. The idea, though, was first proposed in 2012 by J. R. Willett after noting that cryptocurrencies had a lot of volatility. History of stablecoins When Tether was launched, the founders claimed that each token […]

Russia’s central bank begins testing of stablecoins

The governor of Russia’s central bank, Elvira Nabiullina, revealed that she’s letting companies test stablecoins. The governor who overtime has shown skepticism about crypto and said would violate the financial sovereignty of central banks, said regulations are in place. Alongside testing stablecoins, the Russian reserve bank aims to continue testing and exploring the possibility of […]

Russia’s Central Bank Ready to Test Stablecoins

Regulations news. Russia’s Central Bank has said it is ready to test stablecoins in regulatory sandbox conditions. The bank’s governor, Elvira Nabiullina, is known as one of Russia’s greatest arch-skeptics. But per Interfax, Nabiullina now says she wants companies who “want to issue tokens secured by assets” to test their coins in Russian sandboxes – with the possibility of […]

10 Things to Watch for in Crypto in 2020

Things change fast in crypto. The only prediction that seems safe is that the narratives and metrics that seem important today will be eclipsed by new ideas, in a matter of months. Nonetheless, on the cusp of a new year and a new decade, we will attempt a look ahead at the important events and […]

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