How and Why Major Stars Are Embracing Tokenization
The next step toward blockchain adoption could be tokenized technological solutions implemented as a financial instrument within the entertainment industry. Go to Source Powered by WPeMatico
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China Considering East Asia Regional Cryptocurrency to Rival Dollar and Libra
China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments. Go to Source Powered by WPeMatico
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out of control by using these dollar-pegged blockchain tokens. Last week on June 9, … Read more
US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, … Read more
Poloniex Lists Binance Coin Following Tensions Over Steem
Poloniex has launched support for Binance Coin and Binance USD, despite CZ’s recent vocal criticism of Justin Sun over his handling of Steem. Go to Source Powered by WPeMatico
Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange
This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading … Read more
Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network
According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor … Read more
Stablecoins Need to Achieve Cross-Chain Compatibility
In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market seem to struggle quite a bit. Stablecoins Need to Keep Evolving Only Tether’s USDT is effectively … Read more
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just … Read more
75 Companies Back Facebook Libra’s Competitor Celo
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday … Read more