Category: Stablecoins

Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations

Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins. The changes largely aim to comply with regulatory requirements. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam Libra Project…

April 17, 2020
This key baseline issue could undermine public confidence in crypto stablecoins

Stablecoins account for a rapidly growing sector of the crypto industry and have viewed by many industry-advocates as tools that will ultimately help bridge mainstream finance with the nascent and highly volatile crypto market. The adoption of these tokens, however, has been met with multiple roadblocks, with notable projects including Facebook’s Libra initiative facing multiple…

April 16, 2020
Crypto.com survey finds 54% of people would trust a government-issued digital currency

A survey jointly conducted by Crypto.com and The Economist examined the general population’s opinion of cryptocurrencies, finding that 24 percent of respondents believed the main use for cryptocurrencies was “short-term investment.” However, over half of the respondents said they would trust a digital currency issued by their country’s central bank. Survey shows society becoming increasingly…

April 15, 2020
Deutsche Bank Envisions Post Covid-19 Economy Accelerating Digital Payments

Since the covid-19 outbreak wreaked havoc across the world’s economies, the global multinational investment bank Deutsche Bank has been encouraging the use of digital currencies. The firm’s Twitter account and macro strategist Marion Laboure have been tweeting regularly about how coronavirus infection risks could “accelerate digital payment systems across the world.” Also read: 5% Over…

April 7, 2020
What’s really going on with Tether’s exploding supply? Crypto exec tells all

Despite the strong downturn seen in the crypto markets, epitomized by Bitcoin’s 50 percent decline that transpired on Mar. 12, the amount of Tether’s USDT stablecoin in existence has exploded. In fact, according to industry news aggregator Unfolded, the market capitalization of the asset recently surpassed $6 billion, with $1 billion added to this metric…

March 31, 2020
Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over…

March 30, 2020
Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

Bitcoin’s price has been dragging downward and on March 29, BTC’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have…

March 29, 2020
Binance stablecoin’s exponential growth shows crypto investors are flocking for safety

Binance’s BUSD has become the fifth largest stablecoin by market capitalization, as investors flock to stablecoins for safety amidst extreme volatility in both the crypto and global financial market. Two weeks ago, $BUSD ranked 6th in market cap for the stablecoin market. As of today, BUSD is now in the top 5, and is closing…

March 17, 2020
Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC,…

March 15, 2020
Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide

Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto proponents face uncertainty amidst the ongoing coronavirus scare and economic…

March 14, 2020