Paxos

Auto Added by WPeMatico

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

by

The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market … Read more

Stablecoins Are Threatened by These Two Major Issues

by

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May … Read more

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

by

Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest … Read more

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

by

For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $200 billion, and ETH exceeding $100 billion. Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018 BTC Volume Surpasses $200 Billion for February February saw the highest … Read more

The Daily: Grin Developer Fund Grows, Russian Agent’s BTC Transaction Tracked

by

In this edition of The Daily, a leading Grin developer has received donations worth $26,000 to fund his work on the project. Also, research group Bellingcat has tracked a BTC transaction allegedly made by Russian agents meddling in U.S. elections, and stablecoin paxos has reached $10 billion in transactions. Also read: Zebpay Launches in 5 European … Read more

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

by

The first month of 2019 has seen a slight decline in 30-day trading volume across many leading markets. Bucking the trend, however, were ETH, LTC, MKR, TRX, and ZEC, all of which saw a significant spike in trade activity. Stablecoins have continued to see an increase in trade activity, with ckusd and the Gemini dollar … Read more

December Volume Report: Top Markets See Strongest Trade of H2 2018

by

The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume. Also Read: Report: Indian Government Updates Progress on Crypto Regulation USDT and … Read more

The Daily: Arguing Over Augur, Regulated Stablecoins Attract Flak

by

Welcome to the final installment of The Daily for 2018. It seems fitting that the year’s ultimate edition should focus on one of 2018’s overarching themes within the cryptoconomy – stablecoins. We’ve also got space to squeeze in a critique of Augur’s crowdsourced prediction market and to consider yet another bitcoin-based Patreon alternative. Also read: 1 … Read more