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Circle has always been an intriguing company in the world of cryptocurrency. The firm makes it easier for consumers to invest in Bitcoin and altcoins through traditional payment methods. It now seems the company is looking to create its very own stablecoin, which is pegged to the US dollar. This currency will be known as … Read more
It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. … Read more
It does not happen all that often that cryptocurrency projects quickly raise over $100 million. Although we have seen a literal ICO craze, Intangible Labs is doing things the traditional way. Rather than rely on crowdfunding, the company has raised $133 million from private investors. This is a pretty significant deal for the Princeton University graduate-led … Read more
Stablecoins aren’t exciting. They don’t pump, moon, or 10x. And yet they have the potential to make traders more money than any other cryptocurrency. These stabilized tokens – usually pegged to the US dollar – scarcely move in price, and yet they’re pivotal in anchoring the crypto markets. Here’s everything you should know about the … Read more
Today’s Bitcoin in Brief provides some leisurely Sunday reading for anyone who has a life to live outside of crypto. We curate the best stories from the past 24 hours and condense them into a daily digest so you can stay in the loop in less time than it takes to boil a kettle. In … Read more
After over a month of absence Tether has returned to the USDT printing business, issuing $300 million worth in just one massive batch. The proximity of the move to the recent reversal of the downtrend in the market has lead to renewed calls by critics that Tether is manipulating prices. Also Read: Survey Says … Read more
Cryptocurrencies do not always carry the label of “legal tender” in most countries. In fact, the number of countries where Bitcoin and altcoins are legal tender can almost be counted on one hand. Quintric is trying to change that by issuing legal cryptocurrencies backed by silver and gold. It is quite an interesting project, although … Read more
Finding a stable store of value in the cryptocurrency world is a lot more difficult than most people believe. Most cryptocurrencies are inherently volatile, yet efforts are underway to combine the best of cryptocurrency with stable assets. The DigixDAO is a very interesting project in this regard, as it is a Distributed Autonomous Organization which … Read more
In the world of virtual and digital money, there are quite a few interesting options to pursue. Cryptocurrencies are all the rage right now, but they may not necessarily be the end-all solution to some of the problems in the financial sector. Stablecoins – not to be confused with the Stablecoin cryptocurrency – make a lot … Read more
There have been a few attempts to create so-called stablecoins, which are usually currencies pegged to either fiat currencies or other tangible assets. The ARC Reserve Currency is an asset-backed digital stablecoin. All proceeds from the issuance of these coins will be allocated to fixed income investments. A stable-priced cryptocurrency isn’t necessarily appealing to investors, but it … Read more
