Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins

Since our last markets update, cryptocurrencies have been steadily moving sideways as traders are patiently waiting for the next big move. On Wednesday, Oct. 17, bitcoin core has been hovering between $6,400-6,550, while bitcoin cash has been coasting along around $425-500 per coin. The market capitalization of all 2,000+ cryptocurrencies hasn’t budged much over the … Read more

Bitpay Announces Stablecoin Support for Merchant Settlement

On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BCH, BTC, and local fiat currencies, but they can also utilize a US dollar-equivalent digital currency. Also read: BCH Devcon Streamlines Bitcoin … Read more

All Hail the Launch of (Yet) Another Stablecoin: LBXPeg

Since liquidity is arguably the most important element of any exchange, it makes sense that all exchanges desire it. And when volatility is the enemy of liquidity, stablecoins start to gain traction. Yet serious businesses, traders, and consumers at large simply aren’t convinced by stablecoins with shady pasts or questionable audits. They (understandably) want stablecoins … Read more

New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’

Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital … Read more

PR: iCoinbay Rolls Out Trading Premium Gain Plan

iCoinbay released a new trading campaign entitled [Trading Premium Gain]; iCoinbay is a tokenized, community-based digital asset exchange. This new campaign allows traders who use the platform to increase their earnings through normal trading activities. According to publicly released information, the plan can be summarized as follows: 1.Issuance of TPG tokens worth 100% the value … Read more

What is Kowala?

Kowala is a project designed to let companies and consumers mint their own stablecoin using blockchain technology. Its dual-token blockchain prioritizes speed and security, which will make it of great value to the right parties. The Kowala Vision Introducing even more stablecoins is a rather controversial topic. The cryptocurrency industry has seen an influx of … Read more

Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin

Just recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014. Back then lots of people were scammed by Garza’s schemes but he had a … Read more