Category: Stablecoins
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US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies
Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative. The economists, in their note, also stated that digital payment protocols and systems have bolstered this year as a…
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USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 billion mark. Out of more than 30 stablecoins in 2020, tether is still a behemoth capturing 76.15%…
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4 metrics suggest Bitcoin price will correct — But can BTC hit $20K first?
Several key metrics hint at a Bitcoin price pullback, but this may be offset by other conflicting factors.
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Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks
The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and the Bitcoin Cash network as well by leveraging the Simple Ledger…
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Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called…
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Akropolis DeFi protocol ‘paused’ as hackers get away with $2M in DAI
Blockchain records show the hackers got away with more than $2,051,159 in DAI before moving the funds to a different address.
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Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses
Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or…