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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CoinFLEX Joins Other Crypto Exchanges in the Race for Physical Bitcoin Futures

CoinFLEX Joins Other Crypto Exchanges in the Race for Physical Bitcoin Futures

The competition just got a lot fiercer for Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, as a new crypto exchange joins others in the race for physical Bitcoin futures. It will be recalled that ICE has been working closely with the CFTC for a while now, with the hope to get approval for physical Bitcoin futures. The firm announced last year that they have completed their first fundraising and are ready…

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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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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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The “Wolf of Wall Street” Jordan Belfort: Bitcoin Faces Scams, Central Banks Problems

The “Wolf of Wall Street” Jordan Belfort: Bitcoin Faces Scams, Central Banks Problems

Jordan Belfort is probably one of the most infamous ex-Wall Street traders living today, mostly known for the movie The Wolf of Wall Street based on his book, and in which Leonardo DiCaprio portrays his crooked days as a con artist until he gets caught. Apparently, the former 22-month prisoner wishes to contribute from his previous fraudulent experience by equating Bitcoin with his own past wrongdoings. Here’s the main tidbit that Belfort delivered in a…

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