ICOx Innovations Announces the Stablecoin FreedomCoin for GunBroker.com Marketplace

ICOx Innovations Announces the Stablecoin FreedomCoin for GunBroker.com Marketplace

GunBroker, the world’s largest online marketplace for firearms, ammo, and accessories will soon allow its 4.7 million customers to buy and sell hunting/shooting accessories and firearms using a new crypto token called FreedomCoin – a utility token developed by ICOx innovations. According to press release announcing the new cryptocurrency by ICOx innovations, the newly developed USD-pegged stablecoin FreedomCoin can be used on the GunBroker’s website to make transactions faster and cheaper. This news comes right…

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Blockchain.com CEO Peter Smith: We’re Considering a Stablecoin Partnership

Blockchain.com CEO Peter Smith: We’re Considering a Stablecoin Partnership

Popular cryptocurrency wallet provider and Bitcoin block explorer service, Blockchain.com is considering partnering with one stablecoin by the end of the year. This news came from Blockchain.com CEO Peter Smith. Peter Smith said: “There’s a big race between stablecoins right now… Everyone is competing very hard to get their stablecoin out there and to have distribution. I think that market’s going to be really interesting. We will make a move in there soon.” We don’t…

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Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

One of the fastest growing sub-industries in the crypto sphere over the past year was the world of stablecoins – digital assets that represent a traditional financial asset and that are also fully backed by it. While the prospect of acquiring a cryptocurrency that has an actual backing to it allures many investors, there is also a cloud of skepticism enveloping stablecoins; and at least in some cases these doubts are justified. For instance, the…

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Pablo Escobar’s Estate Launches Cryptocurrency to Impeach President Trump

Pablo Escobar’s Estate Launches Cryptocurrency to Impeach President Trump

Cryptocurrencies have certainly been known to attract some strange news stories. Recently, there was a story of a Bitcoin miner in Taiwan who was renting stores and putting up phony restaurants to run mining operations with stolen electricity from the same building. In another news, Ethereum classic was the target of a 51% attack. However, the latest news coming from the crypto world sounds a lot stranger than anything we’ve seen so far. Pablo Escobar’s…

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Facebook Reportedly Began to Build a New Stablecoin Project

Facebook Reportedly Began to Build a New Stablecoin Project

According to a recent report by Bloomberg, a new stablecoin project may be in the pipeline. This project is said to be pioneered by one of the largest internet companies in the world, Facebook. Although an official statement about the project is yet to be released, some birds from inside let Bloomberg in on some in-house secret about the ongoing project. The stablecoin is proposed to allow users to transfer money through their WhatsApp platform….

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Documents Reportedly Suggest that Tether has the Billions it Claims

Documents Reportedly Suggest that Tether has the Billions it Claims

Tether, the controversial stablecoin which claims that each token issued is backed by one US dollar, has hit the news today as the claims become evidenced by finances. The news agency Bloomberg has reported that they have seen insight into Tether’s (USDT) finances which suggest that the cryptocurrency is not only performing well but also that the claims appear to be true. The financial statements, which span over four months, detail the cash held in…

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Report: Stablecoins are Stabilizing and Gaining Traction

Report: Stablecoins are Stabilizing and Gaining Traction

Cryptocurrencies such as Bitcoin and Ethereum are highly volatile. Which means they could be quite difficult to use in day-to-day transactions for some people. These cryptocurrencies see an increase or decrease of 5-10% on a daily basis; that kind of instability can be very shocking for a consumer. Imagine finding out that the doughnut you bought for $20 a few days ago is selling for only $10 today. Moreover, these cryptocurrencies have very little oversight…

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Hong Kong-Based Blockchain Fund Grandshores Technology to Issue a New Stablecoin

Hong Kong-Based Blockchain Fund Grandshores Technology to Issue a New Stablecoin

In a document released on December 3, the Hong Kong-based global blockchain fund Grandshores Technology Limited announced that Mr. Li Xiaolai was being appointed as an executive director and co-chief executive officer starting the same day. Among his responsibilities at the new position are going to be the launch of a new stablecoin, establishment of a Directed Acyclic Graph (DAG)-based public database, development of Trusted Execution Environment (TEE) technologies, and other blockchain related products. This…

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Tether Under Investigation of the US Justice Department for Bitcoin Price Manipulations

Tether Under Investigation of the US Justice Department for Bitcoin Price Manipulations

Bitcoin has experienced a volatile history, and particularly in the last year. Bitcoin reached new heights in 2017, before falling rapidly in a matter of hours, and continued falling. Fast forward to 2018, and just recently hit its new low for 2018. Cryptocurrency has always been considered volatile, it can increase in value and decrease in value significantly in a matter of hours. For this reason, many potential investors have been stung and put off…

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Tether Plummets; Are Investors Losing Faith due to Increasing Competition?

Tether Plummets; Are Investors Losing Faith due to Increasing Competition?

For essentially everybody who is interested in the crypto sphere, Tether (USDT) has captured a lot of focus and discussions recently. The stablecoin that’s supposed to be tethered to the USD was involved in multiple controversies amidst issuance of more and more tokens into the crypto market and growing trading volumes. But over the past 24 hours, something quite unusual happened… something that’s currently still quite unclear. Tether plummeted to its lowest price since April…

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