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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Report: Stablecoins Now Worth $3 Billion, Mostly Pegged to USD

Report: Stablecoins Now Worth $3 Billion, Mostly Pegged to USD

A recent report titled “The State Of Stablecoins” was released in late September 2018 to shed some light on the current state of the stablecoin market. The report, which happens to be the first of its kind, was meticulously composed to assess the different facets and applications of all 57 active Stablecoins – both live and pre-launch stablecoins, their relative performance, and the regulatory landscape. It’s no news that the stablecoin market is an important…

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New Blockchain-Based Stablecoin – The Gemini U.S. Dollar (GUSD)

New Blockchain-Based Stablecoin – The Gemini U.S. Dollar (GUSD)

Over four years ago, the Gemini brothers – Cameron and Tyler Winklevoss founded a crypto-based currency exchange called Gemini with the aim of building a bridge to the future of money and since then they have been resilient in the pursuit of their goal. Thank goodness, it paid off finally! Today they pride themselves as the first to bring a trusted and regulated digital representation of the U.S. dollar to Blockchain. Just yesterday, the Winklevoss…

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Tether Issues Additional $50M Worth Tokens, Now Ranked 2nd by 24-Hour Volume

Tether Issues Additional $50M Worth Tokens, Now Ranked 2nd by 24-Hour Volume

The controvertible “stablecoin” Tether (USDT) seems to be gaining momentum, regardless of the huge Cumulonimbus clouds of skepticism that hover over it. It was just several weeks ago that Tether had issued $250M-worth USDT tokens and has entered the top 10 largest cryptocurrencies, and just recently it made another digital infusion of newly distributed tokens. As confirmed by OmniExplorer – the block explorer for the Omni protocol – on August 11, Tether released an additional…

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Tether Issues New $250M Tokens; Enters Top-10 Cryptocurrencies

Tether Issues New $250M Tokens; Enters Top-10 Cryptocurrencies

For the past year or so, whenever the cryptocurrency startup Tether caught some headlines, it was usually because of another controversy surrounding it – mostly about its dubious affirmation that its “stablecoin” USDT is backed by real USD at a 1:1 ratio. for This time, however, the recent news from Tether are not bad; in fact, they’re not bad at all for a change… Yesterday, on June 25th, Tether surprisingly infused the crypto market with…

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