Category: Stablecoins
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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property
The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the…
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New Platforms Track Major Stablecoin Markets
The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders. Also read: Chat Bot Advises Crypto Startups and Investors The Stablecoin War Is Heating Up The last…
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The Pacific Northwest’s New Stablecoin: Stably Added to Bittrex
A new stablecoin, StableUSD (USDS), was recently added to Bittrex. The Seattle-based project seeks to contend with other major stablecoins in an attempt to bring greater ease to crypto and fiat exchanges. StableUSD is a cryptocurrency that is “fully backed and redeemable 1-to-1 for US dollars.” The startup is looking to bring users a safer…
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Markets Update: Cryptocurrency Traders Are Still Searching for the Elusive ‘Bottom’
The entire crypto-economy has been meandering just above $109 billion after the last two weeks of market dumps. Volume has been light this week as digital asset enthusiasts and traders are now pondering the crypto market’s next big move. Also Read: Former Israeli Prime Minister Calls Cryptocurrencies a ‘Ponzi Scheme’ Market Surfers Wait for the…
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Coinbase Launches OTC Crypto Trading Desk; USDC Stablecoin “One of the Most Liquid” on the Market
Coinbase launches its over-the-counter (OTC) trading desk for its institutional Prime customers today, with plans to integrate delayed settlement and Coinbase Custody. This move will reduce the costs of acquiring cryptocurrency for institutions and help reduce overall market volatility. Over-the-counter trading (OTC) occurs directly between trading parties instead of over an exchange. Many institutions (as…
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The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta
In this edition of the Daily, we look at Bitpay’s decision to add the U.S. dollar-pegged PAX token to its list of settlement currencies. We also cover a couple of recent announcements in the crypto industry. Waves is preparing to launch a regulated exchange in Malta and bitcoin mining giant Bitfury is planning to establish…
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The Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar
In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching operations in Gibraltar, where it has obtained a distributed ledger technology license. And Swissone, a Zug-based digital…
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Stablecoins Demand More Trust than Fiat Currency
This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of national currencies — are all the rage right now. Tether, in particular, is on everyone’s…