Category: Stablecoins
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Cryptocurrency Hedge Funds Seek ICO-Like Returns in From Stablecoin Investments
Cryptocurrency hedge funds remain optimistic about the prospects of making massive gains in the digital asset markets, despite falling prices and negative investor sentiment over the asset class. Seeking ICO-Like Returns As reported by Bloomberg on Nov. 14, 2018, several crypto-funds continue to aim at triple-digit returns which were witnessed last year in the initial…
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The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins
In this edition of The Daily, we cover the launch of Binance Research, a new analysis division that will produce in-depth reports for customers of the leading cryptocurrency trading platform. We also look at Cobinhood’s decision to add several stablecoins to its platform and the reasoning behind the move. In addition, we focus on SWIFT’s…
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PR: MoneyToken Allows You to Earn 8% in Interest on Your Stable Coins – Consistently
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. For those who exist anywhere near the crypto scene, it’s…
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Tether Clears Air with New Banking Partner and Balance Sheet
In an apparent attempt to bring an end to USDT’s unrelenting solvency saga, Tether Limited has procured a new banking partner and laid bare its “portfolio” reserves in an account statement dated Oct. 31. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited https://t.co/LSn64soUsC .…
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Circle’s Stablecoin Draws Most Early Demand
USDC, the stablecoin supported by a consortium that includes Circle Internet Financial Ltd. and Coinbase Inc. has seen more demand than any other recently launched dollar-backed cryptocurrency, including the Gemini Dollar, with a total of $127.4 million of the coin issued since its September debut. USDC Is Grabbing Massive Amounts of Investment Attention Stablecoin USD…
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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services
In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders. Also read: Security Startup Raises…
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Is Tether Quietly Exiting the Market?
The stablecoin Tether has been the subject of controversy, speculation, and what some are calling “weaponized FUD” in recent weeks. Some have speculated the company’s lack of transparency surrounding its dollar-backed crypto offering could mean insolvency. Last week, CryptoSlate reported that Tether removed almost half the USDT in circulation and burned them. But, rather than…
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Markets Update: Tranquil Markets Presage a Storm Brewing
Cryptocurrency prices have been quite stable over the last few weeks as volatility throughout many markets has been non-existent. After patiently waiting, traders and investors are now curious to see if something transpires after a long spell of tranquil digital asset markets. Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Do…
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Is Crypto-Finance the New Banking? Coinbase and Circle to Blacklist Suspicious IP Addresses for USDC
The rapid launch of several stablecoins offerings in 2018 seems comparable to the ICO boom in 2017, with most price-stable tokens built by premier crypto companies or invested in by venture capital funds. However, such developments look largely centralized – which defeats the significance of cryptocurrencies – and forms an area of concern. USDC Controversy…