Tag Archives: Stablecoins

With many issues that have made premier cryptocurrency exchange Bitfinex controversial, it seems that the exchange is set to get its groove back in 2020 as per revelations by its CTO Paulo Ardoino in a podcast with the BlockCryto. In the podcast, Paulo discussed a wide range of issues ranging from the allegations of market manipulations to upcoming products that Bitfinex plans to offer including options and a gold-backed stablecoin.While much has been said about Bitfinex’s growing Twitter...

The G7 meeting participants state that things like stablecoins including Facebook‘s Libra should be strictly regulated and the risks connected with them are not yet studied well. Per EU lawmaker and a German conservative Markus Ferber:“At the very least, we need a robust regulatory framework to deal with virtual currencies. The (executive EU) Commission has been way too complacent on the issue so far. With the threat of Libra on the horizon, it is time for action now.”The draft text of the...

Photo: Global Currency Organization (GCO) / MediumThe Global Currency Organization (GCO) announced the release of USD Digital (USDD), a new US dollar-backed stablecoin. The stablecoin is based on Ethereum and is targeted at institutions, exchanges, traders, and OTC desk who are in need of such a product but are not able to develop their own. The Global Currency Organization (GCO) is a new project created by former employees of TrustToken, JPMorgan and Intel. According to the GCO team, the...

What is the most used crypto in the world today? Many may think that it is Bitcoin since it accounts for over 67% of the digital-asset world’s market value. They could be wrong. Although dependable figures on trading volumes are rare to come by in the unpredictable crypto finance world, CoinMarketCap.com data shows some interesting reports.The token that has the highest daily and monthly trading volume is Tether that has a market capitalization that is over 30 times smaller than Bitcoin....

Speaking to the German federal parliament Bundestag on Wednesday, Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB) said that Facebook’s currency Libra could possibly fix some of the troubling issues that exist at the international payments market. However, he warned that, on the other hand, it might create other problems that will need regulators to act more liberal and creative. He said:“Libra has undoubtedly been a wakeup call for central banks and...

Podcast "Bitcoin im Turm": Der Kapitalismus nach Satoshi mit Pascal Hügli Wer sich für Bitcoin interessiert sollte sich unbedingt mal den Podcast „Bitcoin im Turm“ anhören. Die aktuelle Episode: Der Kapitalismus nach Satoshi mit Pascal Hügli – Teil 2 ist eine sehr gute Gelegenheit dazu. Pascal Hügli hat politische Ökonomie studiert, arbeitet als freier Journalist und ist...

Digital Currencies: The Rise of Stablecoins Der Internationale Währungsfonds hat die Stablecoins für sich entdeckt Coins, die beispielsweise an Gold oder den Dollar gebunden sind und deren Wert somit nicht wie eine Achterbahn rauf und runter geht. In seinem Blogeintrag „Digital Currencies: The Rise of Stablecoins“ erkennt der IWF nun die Vorteile der Stablecoins an: Durch...

American multinational megabank, Wells Fargo, has revealed its plans to launch a digitized platform which will be used for internal settlements. The service, Wells Fargo Digital Cash, as well as the company’s own U.S. dollar-backed stablecoin, are slated for debut in 2020 and targeted at making USD transfers with a broader plan to accommodate transfers in other currencies within the whole Wells Fargo network.Wells Fargo is an American community-based financial services firm that offers...

Leading fin-tech entrepreneur thinks China's state-backed cryptocurrency could spearhead global adoption of the yuan as a reserve asset. | Image: Shutterstock Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Jeremy Allaire on the potential of China's nascent CBDC. |...

The guys at Binance have decided to make things work this time. Their partnership with Paxos Trust is finally going to pay off due to the launch of the token BUSD which is now expected to be listed on the Binance platform next week, as the official press release reads.This was announced today by the Chief Financial Officer of Binance Wei Zhou and the Co-founder and CEO Asia of Paxos Trust Company Richard Teo at the Invest Asia event in Singapore. Wei Zhou excited at the news said:“Launching a...