Philippines’ UnionBank Launches Payments-Focused Stablecoin
The new, bank-backed cryptocurrency — dubbed PHX — is being implemented on UnionBank’s i2i platform Go to Source Powered by WPeMatico
Stablecoins
Auto Added by WPeMatico
Libra, TON and JPMorgan Coin Compared: Are They Heroes or Villains?
Libra, Ton and JPMorgan Coin, the three projects proposing a new approach to blockchain and cryptocurrencies — a giant step toward adoption or the meddling of big business in the world of crypto? Go to Source Powered by WPeMatico
Competing Stablecoins Can’t Topple Tether
Love, hate or fear it, there’s no avoiding tether (USDT). Its shadow looms over the cryptoconomy, supplying sanctuary in times of volatility, providing fiat capital inflow and acting as a lightning rod for crypto critics who believe it’s propping up the price of bitcoin. Over the past year, a flurry of new stablecoins have entered … Read more
Binance and Paxos Just Made It Easier to Exchange Stablecoins for Fiat
Top crypto exchange Binance and stablecoin issuer Paxos have partnered to integrate a new fiat deposit gateway on Binance’s flagship trading platform Go to Source Powered by WPeMatico
Bitcoin Price Could See $20K in Two Weeks – $100K This Year, Predicts Market Analyst
Bitcoin prices could match their all-time high of $20,000 within two weeks, and could hit $50,000 or $100,000 by the end of 2019, an eToro analyst says Go to Source Powered by WPeMatico
Facebook Releases Cryptocurrency White Paper for Libra Currency
Social media giant Facebook has released the technical specs for its long-awaited cryptocurrency, dubbed Libra Go to Source Powered by WPeMatico
Maker Community Votes to Raise Stability Fee as Dai Struggles to Hold $1 Peg
For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0.97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.5% per year. Also read: Exchangewar Lets You Compare Crypto … Read more
Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail
Jeremy Allaire, co-founder & CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using open standards will prevail Go to Source Powered by WPeMatico
While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations
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
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