Financial Stability Board concerned about stablecoins
The G20’s Financial Stability Board has identified multiple systemic threats to global financial systems should stablecoins be “widely adopted.”
Australian Central Bank says “Nah, mate” to Facebook’s Libra
The Reserve Bank of Australia (RBA) says Facebook’s digital currency, Libra, should not be allowed to launch in Australia without being heavily regulated. It does not believe there will be enough demand to merit the effort required to introduce the currency to Australia.
The stablecoin regulation landscape for 2020
With the announcement of the proposed Libra digital currency in 2019, even skeptical officials were forced to accept that crypto assets are here to stay. Stablecoins are seen as a priority for 2020, with national and global regulators publishing a variety of stablecoin research across the last 12 months.
Three products set to shake up cryptocurrency in 2020
The second decade of the twenty-first century saw cryptocurrency develop from a few obscure blockchain networks into a fully-fledged alternative financial system. What are the next generation of products that will blockchain take a step further?
Stablecoin battle heats up with class-action lawsuit filed against Tether and Bitfinex
Market-leading stablecoin Tether (USDT) is under renewed pressure after a class action lawsuit was filed against Bitfinex and Tether in the United States District Court this week.
Paxos leads rush for regulated gold tokens
As unique assets with no ties to traditional fiat currency, gold and cryptocurrencies have several similarities. Now there’s an attempt to create a new form of sound money - gold-backed crypto tokens.
Tether market cap hits all-time-high
Controversial stablecoin Tether is growing rapidly. The market cap of the cryptocurrency has doubled since January and now sits at a cool $4 billion dollars. What’s driving the demand for Tether?
Stablecoin economy set for continued growth
The stablecoin ecosystem is rapidly evolving — with banks, big tech, and crypto startups all clamoring to offer blockchain-based versions of fiat currencies.
Walmart goes back to the blockchain with new stablecoin patent
Walmart, the US retail giant has submitted an application to patent a use-case for a digital coin that would be backed by fiat currency and linked to customer records.
The stablecoin market is booming
During the last 12 months, the stablecoin ecosystem has seen rapid growth. Now several new contenders are challenging market leader Tether, promising new levels of transparency and security.
Facebook’s top-secret blockchain project is moving forward. What is Project Libra?
Social media platform Facebook is working on a blockchain-based payment solution code-named Project Libra. What are the implications for FacebookCoin, the Facebook ecosystem, and the wider blockchain space?
Using alternative indicators to confirm sentiment change and price breakouts
After the launch of JP Morgan's 'stablecoin' crypto is back in the mainstream narrative which should be a positive for the wider market if it warms public sentiment. While there is no indication this news is a turning point for the bear market it does highlight how we could use alternative indicators alongside price to confirm a breakout into the next bull run.
The potential of crypto credit markets and how to use them
The infrastructure for decentralized lending and credit markets is falling into place for an alternative credit market that moves countercyclical to the wider economy and could provide an opportunity for hodlers to take advantage of the crypto recession.
Traders flee Tether as uncertainty mounts
Doubts surrounding Tether have grown stronger over the last couple of weeks, and on Monday, these doubts turned to panic — sending the so-called stablecoin to lows of $0.80 on Poloniex, and fueling a 12 percent rise in the price of Bitcoin on Tether-denominated exchanges.
The Gemini Dollar: A Regulated Stable Value Coin
The Gemini dollar is a cryptographic token that is (i) issued by a New York trust company, (ii) strictly pegged 1:1 to the U.S. dollar, and (iii) built on the Ethereum network according to the ERC20 standard for tokens. The Gemini dollar is a stable value coin that combines the creditworthiness and price stability of the U.S. dollar with the technological advantages of a cryptocurrency and the oversight of U.S. regulators. As an ERC20 compliant token, the Gemini dollar can be transferred on the Ethereum network. Gemini dollars are created at the time of withdrawal from the Gemini platform and redeemed or “destroyed” at the time of deposit into the Gemini platform.
Winklevoss twins launch new stablecoin – the Gemini Dollar
Ever since stablecoins were initially discussed as a liquidity and risk protection solution within the cryptocurrency ecosystem, the race has been on to build this supposed ‘Holy Grail’ digital asset. The Winklevoss twins join the fray today with their own offering, the Gemini Dollar. Backed by key players within the New York financial system, news of its release has made waves within the space due to its 'best of both worlds' sales pitch.
