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Tether is back in the news thanks to a new report alleging it played a pivotal role in bitcoin’s mega-bull run last year. This isn’t the first time the dollar-pegged stablecoin has been blamed for market manipulation, but is the most compelling evidence to date that 2017’s record highs may not have been entirely organic. […]
The post New Report Blames Tether for Bitcoin’s Bull Run appeared first on Bitcoin News.
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There is a fair amount of competition in the world of digital stablecoins right now. On the one hand, there’s Tether, with a somewhat dubious reputation in the eyes of most people. There’s also TrueUSD, which recently started gaining traction. It now seems Alchemint is preparing to issue a stablecoin based on NEO’s technology. Stablecoins Galore One thing which no one can deny is that there is no shortage of stablecoins in the world of blockchain and cryptocurrency. While that is a positive development in one way, it also remains to be seen how successful all of those tokens will be inPowered by WPeMatico
Bittrex has finally introduced fiat currency support. The US exchange, which was established in 2013, subsisted with tether as its USD surrogate until recently, before adding another stablecoin, TrueUSD, a couple of months ago. Around the same time, its CEO Bill Shihara revealed that the platform would be adding USD pairs and today they went […]
The post Bittrex Launches USD Fiat Trading appeared first on Bitcoin News.
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On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coin’s developers, have now explained to news.Bitcoin.com how this sequence of events came to be. […]
The post Trust Token Blames Bots for Volatility of Trueusd Stablecoin appeared first on Bitcoin News.
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As cryptocurrency works its way toward mass adoption, one of its biggest obstacles is volatility. Markets change overnight, and we’re so desensitized to it that we don’t even blink at dips that would bring national economies to their knees. Stablecoins – cryptocurrencies that are tied to existing currencies or commodities like the US dollar or gold – are fungible, easily traded assets that bring us one step closer to mass adoption. While promises of $1 = 1 coin make stablecoins appear simple, stablecoin projects rely on complex algorithms to do the following: Keep the currency’s value from inflating, (e.g., increasing over a dollar) Keep the currency’sPowered by WPeMatico
Stablecoins are an interesting addition to the world of digital currencies. These coins usually have their values pegged to tangible assets, such as natural reserves or fiat currencies. STASIS is now in the process of creating EURS, which is a stablecoin pegged to the euro. It’s an interesting idea, assuming there is a market for it in the first place. EURS Will be Introduced in June For those unfamiliar with STASIS, it is a fully compliant blockchain platform capable of tokenizing any existing asset. The firm specializes in free monetary flow between off-chain and on-chain digital assets. As one would expect,Powered by WPeMatico
Circle has always been an intriguing company in the world of cryptocurrency. The firm makes it easier for consumers to invest in Bitcoin and altcoins through traditional payment methods. It now seems the company is looking to create its very own stablecoin, which is pegged to the US dollar. This currency will be known as Circle USD Coin, or USDC. Another US Dollar-pegged Stablecoin is Coming The world of stablecoins has been heating up as of late. For those who are unfamiliar with stablecoins, they are not traditional cryptocurrencies by any means. By default, a cryptocurrency cannot be non-volatile and stable, evenPowered by WPeMatico
It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. […]
The post “Stablecoin” Trueusd Pumps After Binance Listing appeared first on Bitcoin News.
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It does not happen all that often that cryptocurrency projects quickly raise over $100 million. Although we have seen a literal ICO craze, Intangible Labs is doing things the traditional way. Rather than rely on crowdfunding, the company has raised $133 million from private investors. This is a pretty significant deal for the Princeton University graduate-led venture. What Exactly is Intangible Labs? While it is commendable to see Princeton graduates show a keen interest in cryptocurrency, most people will not know the name Intangible Labs. That is not surprising, as not too much is known about this particular venture at this time.Powered by WPeMatico
Stablecoins aren’t exciting. They don’t pump, moon, or 10x. And yet they have the potential to make traders more money than any other cryptocurrency. These stabilized tokens – usually pegged to the US dollar – scarcely move in price, and yet they’re pivotal in anchoring the crypto markets. Here’s everything you should know about the […]
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