Amazing Crypto

Category: Stablecoins

  • Facebook’s Libra sparks concerns among European financial institutions

    Following Facebook’s unveiling of its stable cryptocurrency, not only did top crypto influencers criticize the plan, but some European officials immediately called for deep scrutiny of the project, as reported by Bloomberg. It must not become a “sovereign currency” Facebook finally revealed its highly anticipated cryptocurrency, “Libra.” With Libra, the social network giant aims to…

  • Cryptocurrency influencers react to Facebook’s Libra, boon or risk for Bitcoin?

    Some of the most prominent figures in the crypto community took to Twitter to share their thoughts on Facebook’s Libra cryptocurrency. While some claim that Libra lacks the necessary features to compete with Bitcoin in the race to become the world’s currency, others argue that it could destroy most altcoins and stablecoins in the market.…

  • Facebook’s cryptocurrency Libra whitepaper reveals blockbuster partnerships

    The official whitepaper of Libra, the highly anticipated cryptocurrency of Facebook, has been released on libra.org, with additional partners. The Libra Association is established as a non-profit membership headquartered in Geneva, Switzerland and every partner and founding member of the association will run a validator node to process data on the Libra blockchain, which in…

  • DAI is the first stablecoin listed on Coinbase Earn

    Dai is the first stablecoin to be listed on Coinbase’s education portal, which will enable its users to earn $6 in the coin by participating in lessons. Coinbase adds DAI to its Earn program According to the company’s official blog post, starting from June 10, its customers will be able to earn DAI by watching…

  • Running Facebook GlobalCoin node will cost $10 million in licensing fees

    Running Facebook GlobalCoin node will cost $10 million in licensing fees

    GlobalCoin, Facebook’s own cryptocurrency, will reportedly be announced this month. According to a report in The Information, the social media giant is set to provide more details about the coin and could allow its employees to take their salary in the form of the new token. Official announcement of GlobalCoin coming this month Rumors about…

  • MakerDAO finally lowers its stability fee as Dai overshoots peg

    MakerDAO finally lowers its stability fee as Dai overshoots peg

    MakerDAO token holders voted to decrease the stability fee on the Dai stablecoin by 2 percent to 17.5 percent. Executed on May 28, this will be the first time the fee has been lowered in over five months. The MakerDAO platform offers collateralized loans in the Dai stablecoin to users who deposit ether into its…

  • Binance Chain welcomes a stablecoin and prepares to issue one of its own

    Binance Chain welcomes a stablecoin and prepares to issue one of its own

    Binance, the largest cryptocurrency exchange in the world, prepares to welcome the first stablecoin developed on the Binance Chain (BNB) blockchain while it has begun testing its own. Stablecoins on the Binance Chain In a blog post, Stably, a venture-capital backed startup, announced that it will be launching its StableUSD (USDS) token on the Binance protocol.…

  • Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear

    Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear

    The circulating supply of the Winklevoss twins’ stablecoin Gemini Dollar (GUSD) is plummeting. From a peak market capitalization of more than $100 million in December of 2018, the coin recently hit new lows of $22 million. From a rank as the 49th most capitalized cryptocurrency in December, GUSD has now dropped to 200th place in the…

  • Facebook’s bitcoin-inspired cryptocurrency—GlobalCoin to launch in 2020

    Facebook’s bitcoin-inspired cryptocurrency—GlobalCoin to launch in 2020

    Facebook, the social media giant that owns WhatsApp and Instagram, is finalizing its plans to launch its own cryptocurrency next year. According to BBC, “GlobalCoin” will roll out in 2020, with tests starting by the end of this year. Facebook wants to target the unbanked with GlobalCoin After months of speculation about when Facebook’s rumored…

  • Coinbase lists MakerDAO stablecoin Dai on its retail platform

    Coinbase listed Maker’s stablecoin Dai on its retail trading platform. The move comes is part of a larger strategy to list more trading pairs to keep up with the leading cryptocurrency exchange Binance. Coinbase attempting to regain market share Coinbase has continued to aggressively list new crypto assets. Once considered the “conservative” crypto exchange stemming…