Stablecoins Gain Market Share Amid Crypto Bloodbath
While most cryptocurrencies have lost half of their capitalization in one month, many stablecoins have seen recent growth in market share Go to Source Powered by WPeMatico
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Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc
Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC, … Read more
Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide
Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto proponents face uncertainty amidst the ongoing coronavirus scare and economic … Read more
Libra Members Hedge Their Bets by Joining Rival Stablecoin Project
Dubbed the “Celo Alliance for Prosperity,” the stablecoin project is backed by key Libra Association members such as Coinbase Ventures, Andreessen Horowitz and Anchorage Go to Source Powered by WPeMatico
US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine
A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme … Read more
Central Banks Are Exploring Blockchain — but For Their Own Reasons
Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows Go to Source Powered by WPeMatico
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as … Read more
Shopify Joins Libra While Quitter Vodafone Advertises Bitcoin on Facebook
Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra Association, its chances might have improved. Although, assuring governments that Libra won’t undermine … Read more
Global Regulators Haven’t Properly Addressed Stablecoins
Meeting at the G-20 summit in Saudi Arabia this week, members of the Financial Stability Board discuss regulating cryptocurrency Go to Source Powered by WPeMatico
Bitpay Partnership With Poynt Enables Crypto Payments at 100,000 Point-of-Sale Devices
On February 11, the Atlanta-based payment processor Bitpay announced the firm’s recent partnership with the company Poynt. Now retailers will be able to support cryptocurrency payments using point-of-sale devices and crypto users will be able to pay with digital currencies at more than 100,000 Poynt retailers worldwide. Also Read: Ethereum vs Tron: Comparing Data, Defi … Read more
