Tag Archives: Cryptocurrencies

Seed CX is a cryptocurrency derivatives platform. Now with the help of its subsidiary Zero Hash, the company plans to offer bilateral crypto derivatives transactions. That way, Seed CX aims to attract financial institutions to settle derivatives on their platform.The company announced that initially, it will support back-office settlement functions for Bitcoin forwards. Later, the firm plans to add support for options as well, but the approximate time frame wasn’t specified.As the company...

Mastercard and fintech firm R3 have entered a partnership to develop a solution that will enable cross-border payments which include localized payments and interbank settlements and clearing of payment obligations. The solution will have a primary focus on connecting financial payment systems.Mastercard earlier this year has expanded its payment system with its acquisition of Transfast. This greatly improved its ability to clear transactions on a global scale as Transfast has operations and...

One of the core elements to business strategies is name branding, as businesses always want to leave an impression that speaks of their products or services and to stand out among the competition. Gaming infrastructure platform DAO.Casino is one such firm to use this strategy to bring its users the best of blockchain to the gambling industry. The new name, DAObet, is one it believes will help provide more visibility for the platform with regards to their core operation.The responsibility of...

Over the last few months, big organizations and government institutions have shown interest in the crypto space. China’s central bank – People’s Bank of China (PBoC) – has fast-tracked its work on introducing a central bank digital currency (CBDC) to the market. However, China’s attempts to launching a CBDC come as a measure to counter the potential competition by Facebook‘s Libra.Commenting on this, Circle CEO Jeremy Allaire said that China has the most progressive approach towards CBDC....

U.S. Stock Exchange Nasdaq has announced the listing of a new index that offers “real-time” tracking of blockchain projects within the decentralized finance (DeFi) segment. Dubbed as Defix, the index will track blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.As per the official press release, the London-based Exante brokerage helped to launch Defix. Nasdaq has listed this Index under the ticker DEFX, which can also be tracked on Google and TradingView along with a...

Leading Cryptocurrency exchange Binance recently launched its Tether (USDT) backed futures trading platform. The platform which is still in the early testing phase is available by invitation only. A Reddit post indicates that the platform has already reached an all-time high of $150 million within the past twenty-four hours. The futures platform covers only the USDT/BTC platform at this time.This comes after Binances’ announcement of the creation of the testnet for the futures platform...

The cryptocurrency market is more than a few years old now and is still waxing strong. Bitcoin, the first major decentralized digital asset was released back in 2009 and even though that’s about a decade ago, it might not be a very long time in the grand scheme of things.New innovation always comes with some skepticism and cryptocurrency is no different. With the crypto market, four main factors have been identified as the major factors stifling growth in the market. They are general...

When Facebook unveiled its Libra whitepaper back in June 2019, it already announced that it will be backed by a number of global fiat currencies. However, this time, the social media giant has shared additional details about the Libra’s fiat-pegged options.As per the Bloomberg report, Facebook told the U.S. senators that each Libra token will be supposedly tied to fiat currencies like Euro, Yen, British Pound, U.S. Dollar, and Singapore Dollar. However, the Chinese Yuan is exempted from the...

While Ripple has been selling off its XRP asset holdings worth hundreds of millions of dollars, the cofounder is blazing another trail at his present operation. Jed McCaleb’s Stellar Foundation plans to give away almost $126 million in XLM which notably contrasts Ripple’s selling. Keybase users can now chat with their friends and get paid to do it. The Stellar Development Foundation announced on September 9 a 2 billion XLM airdrop.The airdrop is the biggest in Stellar’s 5-year history. In the...

Tether, the company behind a controversial USDT stablecoin, has announced the launch of a new ERC-20 token based on the Ethereum blockchain. The new stablecoin tagged ‘CNHT’ is pegged directly to the offshore Chinese Yuan (CNH).There are two kinds of national currency in China: offshore yuan is free from the monetary policies established in Beijing and can be traded freely on foreign currency markets, while onshore yuan trading is under control of the Chinese central bank, the People’s Bank...