July 3, 2020 USDC in circulation surpasses 1 billion mark Network data has revealed that the current amount of stablecoin USDC in circulation has surpassed 1 billion in July.…
July 3, 2020 Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months. USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization.On…
July 1, 2020 Tether Crosses $10B, Leaving Competing Stablecoins in the Dust Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time.Alongside…
June 30, 2020 Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency. In 2008, a momentous occasion took place with the release of the Bitcoin (BTC) white paper.…
June 27, 2020 Not Like Before: Digital Currencies Debut Amid COVID-19 The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services. Famed currency speculator George Soros, who in 1992 broke the Bank of England to emerge a billionaire overnight by forcing the pound out of the European Exchange Rate Mechanism, believes:“We will not go back to where we were when the pandemic started.…
June 27, 2020 How Global Stablecoins Can Promote Financial Stability in the World Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins.…
June 25, 2020 JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether. Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to become the first crypto exchange to list a token by JPMorgan’s blockchain spin-off Kadena.Kadena…
June 22, 2020 CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking. As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens.…
June 20, 2020 Blockchain Bridges, Explained As a new concept within the industry, blockchain bridges possess a lot of promise for the blockchain and crypto landscape and for the future of the industry. Are there blockchain bridges in operation for any dApps now?The…
June 20, 2020 WisdomTree Tests SEC’s Bitcoin Acceptance Threshold With Latest ETF Filing The SEC has rejected an ETF with only a 25% BTC component before, but how about just 5%?…
June 16, 2020 Crypto siege in China and Brazil as South Korea embraces digital fiat A crypto siege appears to be looming in China and Brazil. This comes after one of the biggest banks in Brazil freezes several accounts belonging to firms trading in crypto and related digital assets classes.…
June 14, 2020 Revamping E-Commerce During the Rise of Stablecoins The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat. The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent.…
