Tagged: stablecoins

September 2, 2020 @ 9:45 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is planning to add Celo (CELO), the native digital currency of an open-source platform that aims to make financial tools accessible to anyone with a smartphone or mobile device. Celo will only be offered on Coinbase Pro, which is the… Read More

August 9, 2020 @ 11:00 pm By Omar Faridi  |  

Kava Labs, a developer of the Kava platform, which is a blockchain solution offering decentralized finance (DeFi) services (including stablecoins, bonds, and lending), revealed on August 8, 2020 that it has teamed up with the BNB investor club (BNB48Club). As confirmed in the announcement: “BNB48… Read More

August 8, 2020 @ 7:01 pm By Omar Faridi  |  

Equilibrium, which describes itself as an all-in-one, interoperable decentralized finance (DeFi) Hub that lets users stake (cryptocurrencies) and earn, lend and raise liquidity “all in one place,” has partnered with Polkadot, a leading blockchain protocol that has been founded by Gavin Wood, an Ethereum (ETH)… Read More

August 5, 2020 @ 11:28 pm By Omar Faridi  |  

Russia’s largest banking institution, Sberbank, is reportedly looking into whether it should launch its own stablecoin, which are digital currencies that are pegged or backed by real-world assets, major fiat currencies, or commodities such as gold. Sergey Popov, director of state-owned Sberbank’s transaction business, said… Read More

August 4, 2020 @ 11:09 am By JD Alois  |  

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

August 1, 2020 @ 1:32 pm By Omar Faridi  |  

Zilliqa, a “high-performance” and “high-security” blockchain or distributed ledger tech (DLT)-based platform, recently revealed that it has chosen Singapore’s digital currency custody service, Onchain Custodian, to secure its network’s assets. As mentioned in a release shared with CI: “In working with the firm, the Zilliqa… Read More

July 28, 2020 @ 9:00 am By Omar Faridi  |  

Abra, the provider of a digital asset investing app, revealed on July 28, 2020, that it has launched new Abra Interest Accounts that offer investors an opportunity to earn as much as 9% interest p.a. on their crypto deposits and certain USD backed stablecoins. As… Read More

July 25, 2020 @ 2:35 pm By Omar Faridi  |  

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on July 24, 2020, that it has introduced interest rate swaps for MakerDAO‘s stablecoin, DAI. The DAI stablecoin savings rate contracts offer “up to 160x leverage” on the notional value and… Read More

July 21, 2020 @ 9:57 pm By Omar Faridi  |  

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More

July 9, 2020 @ 8:32 am By Omar Faridi  |  

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

July 4, 2020 @ 3:03 pm By Omar Faridi  |  

The blockchain-based decentralized applications (dApps) ecosystem appears to have experienced significant growth during Q2 2020. As expected, most of the development involved decentralized finance (DeFi) apps running on Ethereum (ETH), the world’s largest smart contract platform. Decentralized (or non-custodial) crypto exchanges (DEXs) led the way… Read More

June 26, 2020 @ 7:25 am By Omar Faridi  |  

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

June 25, 2020 @ 11:10 pm By Omar Faridi  |  

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

June 21, 2020 @ 3:35 pm By Omar Faridi  |  

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

June 21, 2020 @ 1:25 pm By Omar Faridi  |  

Technological advancements, money and payment systems have been closely linked from the earliest days of society and human civilization. However, technology is now transforming money and global payment platforms “to an extent and speed never before seen,” according to recent paper titled, “After Libra, Digital… Read More

June 18, 2020 @ 9:19 pm By Omar Faridi  |  

Jason “Parabolic” Williams, general partner at Morgan Creek Digital and founder of FastMed Urgent Care, recently revealed that he has made over $200,000 in interest alone after depositing $2.5 million in Gemini USD (a “scalable” stablecoin that has 1:1 “transferability” with the US dollar) on… Read More

June 18, 2020 @ 9:10 am By Omar Faridi  |  

Ontology (ONT), a “high-performance” enterprise blockchain platform developed in 2017 by a Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was initially used to launch Ontology), has confirmed that it will be working… Read More

June 15, 2020 @ 11:45 pm By Omar Faridi  |  

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was… Read More

June 14, 2020 @ 4:40 pm By Omar Faridi  |  

  The controversial Facebook-led Libra project is reportedly the most active project in terms of developer activity, according to CoinCodeCap data. There are 41 active developers working on Libra, meanwhile, Ethereum (ETH), the world’s largest smart contract platform, has 36 active developers, the data site… Read More

June 12, 2020 @ 2:37 pm By Omar Faridi  |  

The Kava’s decentralized finance (DeFi) lending platform went live on June 10, 2020.  It features Binance Coin (BNB) collateral, USDX loans, and allows network participants to earn rewards. The Kava Labs team noted: “With this … launch, Kava [aims to] open the doors of DeFi… Read More