Category: Stablecoins
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Andressen Horowitz Invests $15 Million into Stablecoin Company MakerDAO
As established venture capital funds look with intent at the lucrative cryptocurrency space, stablecoin startups are seemingly catching their attention as the investment avenue of choice after crypto-exchanges and wallets services. A16Z Bullish on Stablecoins On Sept. 24, Andreessen Horowitz announced a $15 million investment in cryptocurrency startup MakerDAO, which issues the Ethereum-based stablecoin Dai…
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PR: iCoinbay Rolls Out Trading Premium Gain Plan
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. iCoinbay released a new trading campaign entitled [Trading Premium Gain];…
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Bibox Officially Debuts Gemini GUSD to the Market
In just under a week, the Winklevoss twins’ cryptocurrency platform Gemini has been listed for trade on Bibox, officially launching the GUSD market. The regulated stablecoin, built on Ethereum’s network, became available Sept. 14. It was revealed via Twitter that a deal was in the works, but a date wasn’t provided. Gemini Dollar gets its…
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Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin
Just recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014. Back then lots of people were scammed by Garza’s schemes but he had a…
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Gemini Faces Competition As Paxos Releases New, Regulated Stablecoin
Right on the heels of the Winklevoss twins’ enterprise announcement that Gemini will be matching cryptocurrency and fiat finances dollar-for-dollar with its new stablecoin, New York-based Paxos joins the realm of federally regulated crypto assets. Introducing Paxos Standard With approval from the New York State Department of Financial Services, Paxos has been greenlit to launch its…
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New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard
Ever since fears arose around Tether (USDT), it seems like a new stablecoin is released every week to try and take its place. Today two new stablecoins have been revealed, with the distinction of being approved by the financial regulator known for the New York Bitlicense. Also Read: Denmark’s Largest Bank May Have Facilitated up…
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Winklevoss Twins’ Gemini Debuts US Dollar-Backed Token
As of today, the New York trust company and digital asset exchange Gemini has set into action what no other issuer has accomplished. The first stable and regulated digital representation of the U.S. dollar can now be converted and withdrawn instantly as a stablecoin. NYDFS to Oversee Gemini Accounts It took four years for founders Cameron…
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Stablecoin Project Terra Raises $32 Million to Build the ‘Next Financial Ecosystem’
As the cryptocurrency market gains prominence and retailer demand for a credible “stablecoin” increases, several prominent cryptocurrency businesses have put their money where their mouth is and have invested over $32 million in the Singapore-based stablecoin venture Terra, according to TechCrunch. Cryptocurrency Exchanges Take Note Without an ICO and other fundraising techniques, Terra intends to…
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Bitcoin Rallies Above $6900, Tether Fires Up the Printers
Bitcoin has been rocked with another remarkable late-night buy rally, seeing the coin scrape the $7000-mark for the first time in weeks after a $2 billion, 5-minute feeding frenzy. Lifting Bitcoin to an apex of $6942, the rushed buy wall has pushed the coin to its highest levels of price and market capitalization since Aug.…