Featured: The Legal Minefield of Stablecoins

Featured: The Legal Minefield of Stablecoins

Stablecoins are a relatively new form of cryptocurrency and are often regarded as a solution to the instability of other cryptocurrencies such as Bitcoin. Stablecoins such as Tether, TrueUSD, Basis, and Saga are backed by fiat currency like the dollar, euro, and others. Stabelcoins have their critics, but they were essentially born to solve some of the problems faced by cryptocurrencies – stability and usability are the major issues that stablecoins attempt to solve. Even…

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Mitsubishi UFJ Financial Group Gets Ready to Launch its Own Stablecoin “Coin” in 2019

Mitsubishi UFJ Financial Group Gets Ready to Launch its Own Stablecoin “Coin” in 2019

One of the leading financial groups of Japan (and probably in the world), Mitsubishi UFJ Financial Group Inc., is planning to roll out their own digital currency and put it into work in daily uses by the end of the year 2019, as announced by the company’s president, Kanetsugu Mike. The Group’s designated native cryptocurrency is called ‘coin’ that according to Mike will help the company to compete in the new era of cashless payment…

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Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

A new major player might soon join Facebook’s grandiose cryptocurrency stablecoin endeavor: American venture capital investor and billionaire Tim Draper. The news of Facebook working to create its own cryptocurrency made rounds towards the end of 2018. Although the news still has it that the plan is still ambiguous, crypto enthusiasts have had their hopes high. It would be amazing for one of the biggest social media platforms in the world to support the transfer…

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TrustToken Publishes Third-Party Attestation of TrueUSD’s Dollar Backing

TrustToken Publishes Third-Party Attestation of TrueUSD’s Dollar Backing

The crypto verse has been called out severely for its shortcomings. While that is very much called for, crypto exchanges are constantly looking for ways to give their clients what they actually want – security, standardized regulation, transparency, and ease of operation. As more and more exchanges venture into the crypto sphere, so does the need to stand out from the crowd increases. In a bid to maintain an utmost transparency, TrustToken, the parent body…

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Coinsquare Is Set to Launch the World’s First Canadian Dollar-Backed Stablecoin eCAD

Coinsquare Is Set to Launch the World’s First Canadian Dollar-Backed Stablecoin eCAD

Canada’s leading crypto exchange and trading platform Coinsquare is all set to introduce Canada’s first stablecoin that is backed by the Canadian dollar, eCAD™. The world’s first Canadian dollar backed stablecoin is aiming to strengthen cryptocurrency mass adoption and create a secure, affordable, stable and transparent infrastructure to transfer value in Canada and across the globe. Moreover, eCAD will also enable the users to hedge against the volatility and uncertainty of the crypto market. Coinsquare…

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Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

In February 2019, JPMorgan Chase became the first US bank to roll out a bank-backed cryptocurrency with the aim of transforming business payments. JPMorgan has a bizarre and confusing relationship with cryptocurrency. After learning that they have launched their own crypto coin (JPM Coin), you could assume that they are enthusiasts of cryptocurrency; however, that hasn’t always been the case. In 2015, JPMorgan CEO Jamie Dimon responded to a question about the potential for a…

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Top 500 Largest Companies Stablecoin: USStocks Live on Ethereum Mainnet

Top 500 Largest Companies Stablecoin: USStocks Live on Ethereum Mainnet

Since its inception, blockchain has been notoriously proclaimed the backbone of the new, smart financial market. And since then, efforts have been made to govern it and make it just like the traditional financial markets. Only recently the idea of merging both markets into one big financial market was conceived. Although some people are of the belief that the merge is what this century needs, it seems almost impossible to feature the longstanding financial stock…

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Kik and Kin CEO Ted Livingston: Facebook Is Going After the Dollar

Kik and Kin CEO Ted Livingston: Facebook Is Going After the Dollar

Facebook is planning to launch its new cryptocurrency in the near future. In the initial stages, with this cryptocurrency unofficially dubbed “Facecoin,” Facebook will be targeting the remittances market in India. It is a widely shared view that Facecoin might be one of, if not the biggest challenger to the most famous cryptocurrency, Bitcoin. However, CEO of Kik messaging app and Kin cryptocurrency, Ted Livingston, thinks that it’s not Bitcoin that Facebook is targeting with…

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IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM to Create Fiat-Backed Stablecoins for 6 Banks with Stellar’s XLM

IBM is taking its banking clients a step closer to cryptocurrency with IBM’s Stellar-powered money wiring service on which six major international banks will launch their own fiat currency-backed stablecoins. According to Jesse Lund, Vice President of IBM Blockchain and Stellar co-founder Jed McCaleb, as many as 44 international banks are using the IBM’s payment network, IBM Blockchain World Wire, and many of them have signed the letters of intent to launch their own stablecoins…

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SEC’s Senior Advisor: Stablecoins Might be Violating Securities Law

SEC’s Senior Advisor: Stablecoins Might be Violating Securities Law

There has been a lot of speculation regarding the position of SEC regarding the status of cryptocurrencies and tokens in relation to securities law. The issue has been debated by many industry experts both in support of and against cryptocurrencies. However, there are still a lot of things that the crypto space is in the dark about. This Friday, the SEC’s senior advisor for digital assets, Valerie Szczepanik hinted at the SEC’s stance regarding some…

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