Important Aspects of Stablecoins: The Difference Between Pegging, Collateralization, and Redeemability
Who says you can’t have a stablecoin backed by Ether and pegged to the Japanese Yen? Go to Source Powered by WPeMatico
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The Daily: Peak Blockchain and Stablecoin Drama
Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance … Read more
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
Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg
Cointelegraph explores the history of stablecoin Tether, which is fighting to return to $1 per token Go to Source Powered by WPeMatico
Bitcoin Price Watch: Currency Moves Up, Correlates with Stock Behavior
At press time, the father of cryptocurrency has moved up from its recent drop and is trading for over $6,400. While this doesn’t compare with the oh-so-spectacular $6,500 range of roughly one and two weeks ago, the currency is making headway considering its recent – and frightening – drop to $6,200. Late last week, bitcoin … Read more
USDT Price Hits $1 Again but Only on Bitfinex
It would appear Tether’s stability struggles are not over just yet. The current still remains below $0.97 for the second day in a row, and it seems retaking the $1 level will be challenging. In fact, the only exchange trading USDT at the correct price is Bitfinex, which won’t really surprise anyone. USDT Price Isn’t … Read more
Bitfinex Introduces Top Secret Banking System
Bitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force. Also … Read more
Fifth Largest Crypto Exchange Huobi Lists Four USD-Backed Stablecoins, Following OKEx
World’s 5th largest crypto exchange Huobi follows OKEx in listing four USD-backed stablecoins for deposit starting friday Go to Source Powered by WPeMatico
The Daily: Tether Regains Ground, Coinbase Does Dublin
Today’s edition of The Daily starts where Monday’s left off: by looking at the latest on Tether, whose stablecoin anchors so much of the cryptoconomy. In related news, we detail Bitfinex’s banking situation and reveal why Coinbase has chosen Dublin to be its European headquarters. Also read: Tether Sheds Its Peg Tether Regains Ground The … Read more
Paxos Says It Has Issued $50 Mln of Recently-Launched Dollar-Backed Stablecoin
Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin Go to Source Powered by WPeMatico
