Category: Stablecoins
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75 Companies Back Facebook Libra’s Competitor Celo
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday…
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General Bytes ATM Developers Add Two-Way Support for Bitcoin Cash-Based SLP Tokens
The Simple Ledger Protocol (SLP) has been extremely popular among Bitcoin Cash (BCH) advocates and the SLP token universe has grown quite large. SLP tokens have seen a myriad of applications built around them and a slew of unique tokens have gained real-world value after being listed on exchanges. Now the cryptocurrency automatic teller machine…
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Stablecoin boom doesn’t guarantee Bitcoin price will explode higher: economists
With Bitcoin seemingly finding a local top, all eyes in the crypto space have migrated to stablecoins, digital assets tied to and backed by a “stable” reserve asset. Although present in the cryptocurrency industry for 2017 and 2018, the assets have become increasingly important to the market over the past few months, as they’ve grown…
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Ethereum the big winner of massive stablecoin growth as issuance hits record number
Ethereum has seen tremendous growth throughout the past several years, onboarding a significant amount of noteworthy decentralized applications to its blockchain while also enabling the growth of a billion-dollar DeFi ecosystem. Now, a recently released report from a blockchain research platform is revealing that Ethereum has also been the big winner of the recent stablecoin…
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Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
[youtube https://www.youtube.com/watch?v=SM7EyR3kXz8&w=560&h=349] While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token.…
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This “dry powder” could spark the crypto market’s next parabolic rally when lit
Crypto investors have long been looking towards different narratives to support the notion that the market is just a stone’s throw away from finding itself caught within the next major parabolic uptrend – although the vast majority of these theories have been invalidated throughout the past few years. Despite Bitcoin’s “safe haven” narrative showing signs…