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| January 17, 2019

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The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform

January 8, 2019 |

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform

Cryptocurrency exchange Binance is opening trading for three stablecoin pairs. Also in Tuesday’s Daily, Overstock’s Tzero has patented a solution to integrate traditional and cryptocurrency trading systems, Morgan Creek founder Jason Williams offers his Lamborghini for bitcoin, and in Brazil, crypto investors are looking to buy vaults to safely store their digital assets.

Also read: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London

Binance Launches Trading for Three Stablecoin Pairs

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformBinance, currently the largest crypto exchange by daily trading volume, has announced it’s adding new trading pairs that will allow users to trade stablecoins against one other. Starting from Tuesday, Jan. 8, the following pairs will be available to traders: PAX/TUSD, USDC/TUSD and USDC/PAX.

In November, the digital asset trading platform rebranded its USDT market as a combined stablecoin market, introducing the symbol USDⓈ. The exchange explained this was done to support more trading pairs with different stablecoins offered as a base pair. Later Binance added to the new market pairs with the stablecoins paxos standard (PAX) and USD coin (USDC).

Last year saw the arrival of several stablecoins that are now competing with the dollar-pegged tether (USDT). These include the two tokens that were approved by the New York State Department of Financial Services in September, gemini dollar (GUSD), and paxos standard (PAX), also backed one-to-one with U.S. fiat currency.

Tzero to Integrate Traditional Trading Systems and Crypto Exchanges

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformSecurity token trading platform Tzero, a subsidiary of Overstock, has secured a patent for a platform that allows integration between traditional trading systems and digital asset exchanges. Tzero’s Crypto Integration Platform is designed to serve as an interface between the two types of systems.

According to the filing, the platform can host initial public offerings (IPOs) and offerings of securities registered with the U.S. Securities and Exchange Commission (SEC). It is also intended to be used to trade these securities in secondary market transactions.

The “digital transactional items” mentioned in the patent represent tokens, securities, digital assets, digital shares, and cash equivalents. When receiving an order, the platform is expected to verify the availability and determine the best market price of the digital asset before a transaction is made.

Online retail giant Overstock is a crypto-friendly company. Recently it announced it will cover part of its tax obligations to the U.S. state of Ohio using bitcoin. Ohio’s new payment portal, which was launched a couple of months ago, allows businesses to pay their taxes with bitcoin core (BTC) and bitcoin cash (BCH) via Bitpay.

Morgan Creek Founder Wants Crypto for His Lambo

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformJason Williams, co-founder of Morgan Creek Digital Assets, recently tweeted that he is about “to do something that has never been done in crypto.” According to the post, Williams’s Lamborghini is up for sale and the owner wants to buy cryptocurrency with the money he gets for the car. “Offers in BTC accepted,” the entrepreneur noted as well.

Williams has received a lot of comments and even offers for the Lambo. According to Monero’s lead developer Riccardo Spagni, the sale is a good move. “Huracans are awful investments. Unless it’s a Performante, then there’s a limited audience in the future. But seriously, better to get rid of it,” Spagni wrote. “Too many cars. Not enough BTC honestly,” Jason Williams said in response.

Brazilians on the Lookout for Vaults to Store Bitcoin

The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration PlatformSafe storage should be a priority for any investor in possession of large amounts of digital cash. According to the local press, many Brazilians don’t feel that hard wallets and secure passwords provide enough protection. Local companies manufacturing and building physical vaults have registered a growing demand for their services from cryptocurrency owners, which has actually revived the industry.

The Folha de São Paulo news outlet recently reported that some of the safes are part of quite sophisticated security systems. They are often installed behind reinforced armored doors and come with advanced features for biometric authorization such as palm scanners that can identify up to 5 million points on the hand of a person who’s trying to open the vault.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Jason Williams (Twitter).


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Daily: Binance Adds Stablecoin Pairs, Tzero Patents Integration Platform appeared first on Bitcoin News.

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Chatter Report: Troutner Proposes Stablecoin on BCH, Sztorc: Austrian Economics ’Unnecessary’

December 31, 2018 |

Troutner Proposes Algorithmic Stablecoin on BCH, Sztorc Believes Austrian Economics Unnecessary to Understand Bitcoin

In today’s roundup of crypto chatter, Chris Troutner and Andreas Brekken play around with the idea of building an algorithmic stablecoin on BCH. Vin Armani debates with Painted Frog on Bitcoin’s similarities to Visa. Also, Paul Sztorc thinks that understanding Austrian economics is not that important to comprehend Bitcoin.  

Also read: Developer Paul Sztorc Launches the First Version of Drivechain

Building an Algorithmic Stablecoin on BCH

Recently Shitcoin.com CEO Andreas Brekken took to crypto Twitter to wish everyone a happy new year. In his tweet, Brekken casually mentioned algorithmic stablecoins, an idea that Bitcoin.com senior developer Chris Troutner picked up on.

Troutner queried Brekken for alternatives to the DAI, but the latter was not familiar with the field. Brekken then explained that he was optimistic about the technology, even though many academics and maximalists don’t believe algorithmic stablecoins are possible.

In response, Troutner called for the BCH community to bring DAI’s algorithmic technology onto BCH. He suggested using the Wormhole JavaScript SDK at developer.bitcoin.com to create an ERC20 token on the BCH blockchain. Instead of ETH, BCH would serve as a collateral asset. Even lead developer of Bitcoin ABC Amaury Sechet jumped into the thread, as he was positive on the idea.

Bitcoin More Similar to Visa Than Gold

Recently, CTO of Cointext Vin Armani had a debate with his followers on what the catalyst for Bitcoin mass adoption would be. Armani argued that those who stand to gain financially from bitcoin usage are the ones most likely to increase Bitcoin adoption.

Not everyone responded well to Armani’s theory, as commentator Painted Frog argued that Bitcoin is intrinsically valuable like gold. Since society didn’t need to be convinced to use gold in the past, Bitcoin like gold, will eventually be used everywhere.

Armani responded by explaining that Bitcoin is more similar to Visa because both are systems and networks. On the other hand, gold is simply a shiny rock and an inert element.

The Importance of Austrian Economics In Bitcoin

Austrian economics has always been a huge part of the Bitcoin community, and the growing popularity of Bitcoin has sparked a revived interest in Austrian economics. This was pointed out by the President of the Nakamoto Institute Michael Goldstein on social media. Some like cryptocurrency pundit Murad Mahmudov agreed with Goldstein and tweeted that cryptocurrency community members who understand Austrian economics have an edge over those who don’t.

However, director of research at Tierion Paul Sztorc and bitcoin pundit nic__carter both argued that the importance of Austrian economics is highly overstated in the cryptocurrency space. While nic__carter confessed that he had never read any books on Austrian economics, Sztorc explained that he was very familiar with the Austrian school of thought.

Despite a thorough understanding of Austrian Economics, Sztorc insists that only a brief understanding of how the government prints away purchasing power, also known as inflation tax, is enough to understand Bitcoin.

What do you think of an algorithmic stablecoin built on BCH? Let us know in the comments below.


Images courtesy of Shutterstock.


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The post Chatter Report: Troutner Proposes Stablecoin on BCH, Sztorc: Austrian Economics ’Unnecessary’ appeared first on Bitcoin News.

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The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

December 13, 2018 |

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched, and explore the strangely centralized world of crypto Twitter. First though, we’ll start with the news that a third party app has made it possible to pay for your Uber ride using BTC.

Also read: Benchmark University Study Shines a Spotlight on Crypto Assets

Fold Brings Bitcoin to Uber

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts DownFold, an app dedicated to making it easy to spend BTC in the real world, has added one of its biggest integrations yet. “We are excited to welcome Uber to Fold lineup,” explained the team in a blog post. “You can now use bitcoin to purchase your next Uber ride. Simply select the dollar amount, send your bitcoin, and then ride safely to your next event.” The app, which also enables BTC to be spent at stores such as Starbucks and Dunkin’ Donuts, works by converting cryptocurrency into a corresponding gift card balance within the Fold wallet that can then be redeemed by scanning a code in-store.

Developers Pull the Plug on Basis Stablecoin

It’s being reported that Basis, the largest stablecoin project to date based on early stage funding, has been sunsetted. The algorithmic stablecoin, which had been categorized in the same bracket as coins like dai, raised $ 133 million in venture funding from the likes of a16z, Bain, DCG, Metastable, Pantera Capital, Polychain, Lightspeed, and Google Ventures. The bulk of that funding is now believed to have been returned, with the Basis team reportedly having been spooked by regulatory concerns. While the technical skills of the Basis team have generally been praised within the crypto space, not everyone was convinced by the merits of their algorithmic stablecoin. Back in May, Messari Crypto’s Qiao Wang predicted that Basis would “fail catastrophically”.

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts DownCommenting on the rumored shutdown of Basis, Three Arrows Capital CEO Su Zhu wrote “I hope the industry thinks more critically about what the shape of a good project is in this space. You can’t just cobble together ex-bigtech/bankers, raise [nine figures], and then pop the champagne. More importantly I hope LPs ask their VCs harder questions.” Stablecoin skeptic Preston Byrne was equally unimpressed, linking to a blog he had penned a year ago in which he called Basis “the worst idea in cryptocurrency.”

Bitcoin Cash and Ripple Dominate Crypto Twitter

Social sentiment service The Tie has been looking at what crypto Twitter’s had to say over the last few weeks. It’s plotted the change in sentiment for the top five cryptocurrencies, with a view to extrapolating actionable insights for the benefit of traders. The platform found bitcoin cash (BCH) and ripple (XRP) to be the most active Twitter communities over the past month, the former on account of the hard fork that got everyone talking, and the latter because the Ripple army is famed for its slavish devotion to its altcoin through good times and bad. How much of that discourse comes from unique accounts, however, is debatable.

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

“While accounting for only 3 percent of overall trading volume, XRP accounts for 8.97 percent of total conversational volume on Twitter. On average, 50 percent of daily tweets come from unique accounts, which means that much of the conversation is driven by the same accounts,” reported The Tie. The platform shared the above image with news.Bitcoin.com, which it claims “highlights how XRP has a centralized strong community.” Its acolytes might harp on about ripple’s “inherently decentralized” nature, but the coin’s community is as centralized as it gets.

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down appeared first on Bitcoin News.

Bitcoin News

New Platforms Track Major Stablecoin Markets

December 11, 2018 |

New Platforms Track Major Stablecoin Markets

The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders.

Also read: Chat Bot Advises Crypto Startups and Investors

The Stablecoin War Is Heating Up

The last couple of months has seen the arrival of new coins poised to challenge the dominance of the leading stablecoin tether (USDT). Two new “regulated” cryptocurrencies, also pegged to the U.S. dollar, were announced after receiving approval from the New York State Department of Financial Services in September. The Gemini dollar (GUSD) and paxos standard (PAX) are both backed one-to-one with fiat currency.

Another notable token in the same category is USD coin (USDC), but coins pegged to different fiat currencies or other traditional assets, such as precious metals, have also been announced. Exchanges and other trading platforms have already listed many of these stablecoins, granting them recognition in a bearish market for the majority of the free-floating cryptocurrencies. A crypto loans service has recently begun offering interest payments on stablecoin holdings.

New Platforms Track Major Stablecoin Markets

Competition among stablecoins has given rise to dedicated tracking services. A new website, Stablecoinswar.com, provides data about their price, market capitalization, daily trading volume, and share of total volume. It also has a “velocity of money” indicator that reflects the rate at which each coin is exchanged – in other words, the speed of circulation. The platform currently lists eight stablecoins: tether, paxos, trueusd (TUSD), USD coin (USDC), dai, gemini dollar (GUSD), susd, and bitusd.

According to Stablecoinswar, all but one of these assets is currently trading at a cent or two above the $ 1 dollar mark, at the time of this writing. The only exception is bitusd which is currently trading at $ 0.71. Tether remains the stablecoin with the largest market cap, at almost $ 1.88 billion. That’s over 72 percent of the total stablecoin capitalization, which sits at around $ 2.6 billion. Trueusd is second with 8.15 percent of the market cap, followed by USD coin. Paxos, with almost 33 percent, is the second-fastest stablecoin after tether (with over 166 percent) for velocity of circulation.

Stablecoin Index

Stablecoinswar constantly updates its market data but doesn’t offer much more than the basic indicators. Stablecoin Index is another platform that tracks and compares the leading stablecoins. The open-source tool displays cryptocurrencies that are already traded, ranked by market capitalization and presented with their current prices and trading volumes. It also separately lists other stablecoin projects that are still under development.

New Platforms Track Major Stablecoin Markets

The Stablecoin Index website provides market data for eight “live” stablecoins – USDT, TUSD, PAX, USDC, DAI, BITUSD, NUSD, and GUSD. The statistical information quoted there is understandably pretty similar to the numbers posted by Stablecoinswar, although it’s more detailed. The one coin that is different from Stablecoinswar’s list, NUSD, actually doesn’t look very “live”, with $ 0 capitalization and volume. According to its website, the total supply of NUSD is currently valued at $ 1,516,106 and its price is exactly $ 1.

Stablecoin Index also has a graph on its frontage that shows the price movements of stablecoins since Feb. 1, 2018. The most volatile of the bunch – the only volatile stablecoin if the standards of the regular cryptocurrency markets are applied – has been bitusd. The crypto reached its high of $ 1.19 in the beginning of the examined period and is currently trading at its lowest price this year, $ 0.72.

What do you think about platforms that track stablecoins? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Stablecoins War, Stablecoin Index.


Need to calculate your bitcoin holdings? Check our tools section.

The post New Platforms Track Major Stablecoin Markets appeared first on Bitcoin News.

Bitcoin News

USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

December 7, 2018 |

USDT Trade Volume Up Despite Drop in Tether's Stablecoin Dominance

The ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning. Despite this shift, USDT trade volume has risen 100 percent since tether’s dramatic decoupling from its dollar peg in October.

Also Read: Buffett Bet 2.0: Asset Manager Wagers Crypto Fund Will Beat S&P 500

Tether Loses Stablecoin Crown Amid Controversy

USDT Volume Up Despite Tether's Stablecoin Dominance DroppingAt the start of 2018, USDT accounted for approximately 94 percent of the entire stablecoin market. According to Diar, Tether’s dominance fell to 74 percent as of December 2018. As of this writing, Tether is the seventh largest cryptocurrency by market capitalization with a circulating supply of 1.85 billion USDT, down from over 2.8 billion on Oct. 7, 2018.

Continual speculation regarding the opaque nature of Tether’s operations and accounting, punctuated by a crash that saw the price of the so-called stablecoin drop to $ 0.88 on Oct. 15, paved the way for rival dollar-pegged cryptocurrencies to grow their market share. The major stablecoin competitors to emerge have been Trueusd (TUSD), Paxos Standard (PAX), Circle’s USD Coin (USDC), and Dai (DAI).

Tether Decoupling Drives Demand for Stablecoin Alternatives

USDT Volume Up Despite Tether's Stablecoin Dominance DroppingOn Oct. 14, one day before Tether’s dramatic decoupling from its dollar-peg, tether was the eighth largest market cap with a circulating supply of 2.66 billion USDT and a 24-hour volume of $ 2.02 billion.

The second largest stablecoin, trueusd, was then the 48th largest crypto by capitalization with a circulating supply of 135.3 million TUSD and a 24-hour volume of $ 11.75 million.

Dai comprised the 97th largest crypto with an outstanding supply of 60.8 million DAI and a 24-hour volume of $ 4.2 million, and paxos ranked 176th by market cap with a supply of 23.75 million PAX and a 24-hour volume of $ 21.3 million.

Data indicating the circulating supply of Circle’s USDC as of Oct. 14 could not be found, however, Coinmarketcap recorded USDC as having a market cap of approximately $ 24 million and 24-hour volume of roughly $ 1.2 million on Oct. 17.

USDT Supply Falls 30% in Two Weeks

USDT Volume Up Despite Tether's Stablecoin Dominance DroppingOn Oct. 28, roughly two weeks after USDT crashed to $ 0.88, tether still boasted the eighth largest market cap but the circulating supply of USDT had fallen by approximately 30 percent, with a 24-hour trade volume of $ 1.68 billion.

Meanwhile, the supply of trueusd had grown 30 percent to 175.45 million to rank as the 45th largest cryptocurrency by market cap, with $ 26.4 million worth of TUSD changing hands during the preceding 24 hours.

The supply of USDC had grown nearly 420 percent to rank it as the 58th largest crypto with 124.2 million outstanding tokens, but 24-hour volume had fallen to $ 642,196. Paxos had grown 305 percent to rank as the 69th largest capitalization with a supply of 96.1 million and a 24-hour volume of $ 24.8 million. The supply of dai had grown 9 percent to 66.5 million despite dai slipping one place to rank as the 98th largest crypto asset and 24-hour volume falling to $ 3.3 million.

Stablecoin Rankings Today

USDT Volume Up Despite Tether's Stablecoin Dominance DroppingAs of Dec. 7, trueusd is the 25th largest cryptocurrency by market cap with a circulating supply of over 200 million and a 24-hour volume of $ 52.5 million. USDC now closely follows, ranking 26th with a supply of nearly 181.2 million and a 24-hour volume of $ 25 million.

Paxos is currently the 27th largest crypto by capitalization with a circulating supply of 167.6 million, but boasts a larger 24-hour trade volume than its immediate competitors with $ 86.75 million.

Dai now ranks as the 63rd largest cryptocurrency despite its circulating supply falling by 54.7 million. $ 10.6 million of dai has changed hands in the last 24 hours.

Despite suffering a significant drop in circulating supply and dominance over the stablecoin markets, the 24-hour trade volume for USDT pairings has doubled since Tether’s brief decoupling from the dollar, and now stands at over $ 4 billion a day.

Do you think that USDT competitors will continue to gain stablecoin market dominance? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping appeared first on Bitcoin News.

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Chinese Government-Backed Company to Launch Stablecoin by February

December 4, 2018 |

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($ 1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019.

Also Read: Paxful Completes Second School in Rwanda #BuiltWithBitcoin

Bitcoin Evangelist to Create Stablecoin

Chinese Government-Backed Company to Launch Stablecoin by FebruaryThe board of directors at Grandshores Technology notified investors on Monday that Li Xiaolai has been appointed as executive director and co-CEO of the company. Known in China as a “bitcoin evangelist,” Li is said to be an experienced investor in numerous blockchain companies, including the Grand Shores Global Blockchain Ten-Billion Innovation Fund, which he helped to establish, and Inblockchain, which he also co-founded.

In its announcement, the board of Grandshores Technology explained that Li will mainly be responsible for various blockchain-related projects in which the company is involved, including the establishment of a “stable digital currency system focusing on mainstream international currencies.” This refers to a yen-pegged stablecoin that Grandshores Technology plans to launch by February 2019, sources close to the company told the South China Morning Post.

It is not clear why the company has chosen to focus on the Japanese currency rather than the Chinese yuan. However, it may have chosen the yen to avoid irking the Chinese central government, which might not be too happy to see a local government indirectly financing a yuan-pegged stablecoin.

From Construction to Blockchain

Chinese Government-Backed Company to Launch Stablecoin by FebruaryOfficially incorporated in the Cayman Islands, headquartered in Singapore, and listed on the Hong Kong Stock Exchange, Grandshores Technology mainly handles building and construction projects for government agencies. It focuses on the maintenance and installation of mechanical and electrical systems, including minor repairs.

In May of this year, the company announced that it had decided to expand into the blockchain business. It boasted about its electrical engineering capabilities from the construction of data centers, alluding that it was ideally suited to move into cryptocurrency mining. The company was formerly known as SHIS Ltd., but it changed its name to Grandshores Technology in August of this year.

Is there really a need for so many new stablecoins? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

November 23, 2018 |

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

In this edition of the Daily, we look at Bitpay’s decision to add the U.S. dollar-pegged PAX token to its list of settlement currencies. We also cover a couple of recent announcements in the crypto industry. Waves is preparing to launch a regulated exchange in Malta and bitcoin mining giant Bitfury is planning to establish a startup accelerator in Russia.

Also read: Binance Adds KYC, Bitcoin Businesses Block Gab

Bitpay Offers Paxos Standard as Settlement Option

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaCrypto payment processor Bitpay has introduced support for another regulated stablecoin. Paxos standard (PAX) is now among the cryptocurrencies that are available for merchant settlements, along with the recently added gemini dollar (GUSD) and Circle’s USD coin (USDC). The other two cryptocurrencies accepted by Bitpay are bitcoin cash (BCH) and bitcoin core (BTC). The platform also supports seven fiat currencies, including the U.S. dollar, the euro and the British pound.

“The paxos standard token (PAX) is now integrated with Bitpay as a settlement option for Bitpay merchants,” the crypto startup announced in a press release this week. “Paxos standard gives financial markets the power to transact in a fully USD-backed asset with the benefits of blockchain technology and oversight from financial regulators,” added Charles Cascarilla, CEO and co-founder of Paxos.

PAX is one of several stablecoins backed 1-to-1 with the U.S. dollar that have been launched recently. In September, the New York State Department of Financial Services authorized Gemini Trust and Paxos Trust to issue digital coins pegged to the greenback. Later the same month, U.S.-based Circle launched its own stablecoin, USDC, in collaboration with open-source consortium Centre.

Tokenomica to Trade Digital and Fiat Currencies

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaWaves has announced the upcoming launch of a new cryptocurrency trading platform based in Malta. The Tokenomica exchange will support trading pairs with both digital assets and fiat currencies. The new entity will be regulated under the Maltese Virtual Financial Assets Act. According to its team, the ability to operate in the regulated environment of “Blockchain Island” is a serious advantage.

Representatives of the crypto startup told Forklog that before listing a new coin, Tokenomica will conduct a thorough inspection of the virtual asset and analyze other products and services offered by its issuer. Technical, marketing and business criteria will be applied during the review process. The exchange is already accepting requests for new listings.

According to its developers, Tokenomica is the first element of a planned global financial platform that will allow companies to issue tokenized stocks and bonds, as well as other digital financial instruments. The new platform will meet all regulatory requirements, including know-your-customer and anti-money laundering rules, promised Alexander Ivanov, founder and chief executive of Waves.

Bitfury Supports Startup Accelerator in Russia

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaBitfury Group, one of the largest mining companies and hardware manufacturers outside China, plans to establish an accelerator for Russian crypto and blockchain startups. The project is part of a strategic partnership agreement with Plekhanov University of Economics, the oldest business school in the country, and is backed by the Russian Ministry of Digital Development, Communications and Mass Media.

Under the agreement, the partners will develop a program to support promising new companies in the cryptocurrency sector and conduct educational courses to train experts for the nascent industry. “The development of the digital economy and blockchain technologies is impossible without high-quality education and training,” said Dmitry Ufaev, head of Russian operations at Bitfury.

The global company, which has offices in San Francisco, London, Amsterdam and Hong Kong, recently closed an $ 80 million private placement funding round. Media reports have suggested that it may become the next bitcoin mining giant to conduct an initial public offering. In Russia, Bitfury is also supporting a professional course for legal experts working with cryptocurrency businesses.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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The post The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta appeared first on Bitcoin News.

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PR: Lightning Fast Stablecoin USDX Launches Token Sale

November 21, 2018 |

Lightning Fast Stablecoin USDX Launches Token Sale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice.

As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of the pain points of crypto transfers are also solved by this innovative payment system, including cryptocurrency volatility, low transaction speeds, security issues related to private keys, and excessive fees, among many others.

Available at Google Play and the App Store, this free app features smooth navigation and slick design, making it a pleasure to use. Face ID and Touch ID features will soon be available for the wallet, making authorization even faster and smoother. Ease of use is coupled with security of use as USDX Wallet employs strong encryption algorithms to protect users’ private keys, which are necessary to access funds. Another security layer is two-factor authentication (2FA) performed via SMS codes or push notifications (depending on user preference). As the Whitepaper states, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Security and stability are of the utmost importance to USDX Wallet and its currency owners.

The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The total supply of LHT is 1B coins, which will be released gradually to the market. Only 5% of the supply will be issued in the first year, while another 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners and potential owners that the value won’t suddenly evaporate if the market becomes flooded.

These tokens are available for purchase during the token sale, going on from November 1 to December 31, or until all the allotted coins are sold from this first pool. There are no private sales or presales, and the project has already received venture investment. Developers have set the stage for exchanges integration, and the listing is planned for January 2019. Future profits will come from business account fees. USDX tokens could be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a bunch of other altcoins. Significant bonuses can be earned for any purchases before the end of 2018.

● For a 35% bonus: Download the USDX Wallet app, register, and get 35% extra tokens on your first purchase.
● For a 25% bonus: Invite friends and get 25% back of their first purchase.
● For a 10% bonus: Get 10% more bonuses for second and all subsequent orders.

Unlike so many other companies in the industry, USDX Wallet prioritizes effortless crypto transfers. This is a universal payment system for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for.

ABOUT LIGHTHOUSE
Lighthouse Blockchain Technology GmbH is a company of entrepreneurs and blockchain professionals with a goal to boost innovations in digital economy. The team has an extensive experience in implementing complex tech-savvy solutions; team members are experts in finance, project management, app development, marketing and design. The company is built on the following principles: make people’s lives better and save their time, strive for innovation and build great products to make users happy. Lighthouse Blockchain Technology operates in the legal field and is ready to build relationships with governments and financial institutions. For partnership requests please email at partners@usdx.cash.

Supporting Link
https://usdx.cash/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Circle’s USDC Stablecoin Added to Coinbase

October 23, 2018 |

The global cryptocurrency exchange based out of San Francisco, Coinbase, has announced the firm will now support Circle’s USDC stablecoin on its exchange and brokerage service platforms. Coinbase believes that blockchain-based digital dollars like USDC provide many benefits to the cryptocurrency market ecosystem.

Also read: Bitpay Announces Stablecoin Support for Merchant Settlement

Coinbase and the USDC Stablecoin

Circle USDC Stablecoin Added to CoinbaseCoinbase announcing the launch of stablecoin support on its trading platform is part of a growing trend within the crypto-economy. On Oct. 23, the Californian exchange revealed that customers in supported jurisdictions can buy, sell, send and receive USDC. In the future, the company says customers in more geographical locations will have the ability to use USDC on the Coinbase platform. The San Francisco firm, noting this is the first time it has supported a stablecoin, says the digital asset is “fundamentally different from other cryptocurrencies.” Moreover, Coinbase says that the USDC token was a collaborative effort between them and the Boston-based Circle Financial.   

“Each USDC is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves,” Coinbase explains in its blog post. “The underlying technology behind the USDC was developed collaboratively between Coinbase and Circle, in our capacity as partners and co-founders of the new Centre Consortium.”

Circle USDC Stablecoin Added to Coinbase
Coinbase details the team helped Circle develop the USDC token.

Coinbase describes USDC’s benefits throughout the announcement and emphasizes that the blockchain-based digital dollar is far more efficient to send and receive. Additionally, with USDC being an ERC20 standard token, it has the ability to be integrated with applications like Cryptokitties and other Ethereum projects. Lastly, Coinbase considers USDC to be a ‘programmable dollar’ in a sense that makes it easier for developers to add specific functionality.

“For example, given the private keys for USDC, a program can easily send and receive them back and forth using the public Ethereum blockchain,” Coinbase details.

2018 Has Seen a Flurry of Stablecoin Announcements

At the moment, the USDC token is only available on the brokerage side of Coinbase, but the coin will be added to the exchange shortly, the company adds. Coinbase says that the company will be fully compliant alongside Circle Financial by maintaining a “track record of security.” The firm also explains that the two companies’ reputations and compliance-first approach gives them a “unique position” in the growing stablecoin economy.

Circle USDC Stablecoin Added to Coinbase

The Coinbase news follows the Bitpay announcement on Oct. 15, when the payment processor revealed it would support the gemini dollar (GUSD) and the centre coin (USDC) for merchant settlement. Over the last six months, stablecoins have been added to many exchanges and cryptocurrency infrastructure systems. Most of the recent stablecoin announcements have seen exchanges adding other types of stable tokens besides the popular tether (USDT) coin issued by Tether Limited and the Omni Layer.

So far, most of the exchanges and payment processors that boast significant cryptocurrency volume have been adding stablecoins like USDC, GUSD, PAX, and TUSD. Coinbase concluded its announcement by stating that the company has also added USDC to the user-controlled Coinbase ERC20-centric wallet. The addition follows the recent 0x (ZRX) listing Coinbase added to the firm’s lineup of tradable coins.

What do you think about Coinbase adding a stablecoin to the mix? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Coinbase, Circle Financial, and Pixabay. 


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The Daily: Peak Blockchain and Stablecoin Drama

October 18, 2018 |

The Daily: Peak Blockchain and Stablecoin Skirmishes

Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama.

Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance

Blockchain.com Announces Airdrops

The Daily: Peak Blockchain and Stablecoin SkirmishesBitcoin wallet and blockchain analysis service Blockchain.com has decided to host airdrops. The platform, whose 29 million wallets make it the industry’s largest bitcoin wallet provider, unveiled its airdrop program on Oct. 17.

“We think that airdrops, when executed properly, have the potential to meaningfully drive decentralization and supercharge network effects,” they explained. “That’s why we’re thrilled to share a set of guiding principles that will inform Blockchain Airdrops.”

The service promises to be good news for token creators, who can tap into Blockchain.com’s network of ready-made cryptocurrency users. It remains to be seen, however, whether wallet owners will take kindly to being showered with largely worthless tokens. Just as the Coinbase-owned Earn.com allows emerging ICOs to get seen by influencers, Blockchain.com will place ICO tokens in the hands of core users.

“Since Blockchain users self-custody,” the company explains, “they have immediate control, ownership and use of their newly-airdropped crypto. They can participate directly in the network without going through a cumbersome intermediary.”

The Onion Does Blockchain

From one blockchain to another, and satirical publication The Onion has published a short guide to the technology. From the site that brought us such gems as “Man Who Thought He’d Lost All Hope Loses Last Additional Bit Of Hope He Didn’t Even Know He Still Had,” we learn that blockchain “Provides a more efficient way for you to lose all your money at once.” Other choice responses from The Onion’s Q&A include the following:

The Daily: Peak Blockchain and Stablecoin Skirmishes

Bitcoin Futures Volume Soars

Moving back into the realm of real news, CME has revealed that bitcoin futures volume rose 41 percent in the third quarter of this year. This trend attests to the growing interest in bitcoin from traditional financial markets.

Coolwallet S Adds ERC20 Token Support

Coolwallet S, which we’ve previously reviewed, is a fly credit card-sized hardware wallet for storing BCH, BTC, ETH, and other cryptocurrencies. The distinctive wafer-thin wallet, manufactured by Taiwan’s Coolbitx, has just added support for ethereum tokens. Users can now add any ERC20 token to the wallet and manage it via the accompanying iOS or Android app. Due to its portability, the wallet has proven popular with cryptocurrency holders who desire access to their digital assets while on the go.

Stablecoin Spat Breaks Out

And finally, The Daily’s news roundup wouldn’t be complete without some sort of stablecoin drama to report. Tether, whose Twitter account sees activity approximately once a month, broke its silence to take aim at Cameron Winklevoss, owner of Gemini exchange’s rival GUSD stablecoin. A war of words over Tether’s inability to publish a full audit of its USDT dollar-pegged token has erupted, with Bitfinex/Tether defender Whalepool asserting that no fiat-backed stablecoins are fully audited.

“Thank you for continuing the long-standing tradition in crypto where the default position is to go out half-cocked w/out any expertise or knowledge in an area and pretend to know what you are talking about,” Winklevoss retorted.

“While [other stablecoins] might not be able to get a full blown audit,” chipped in The Block’s Larry Cermak, the likes of Gemini, Paxos, and Truesd “are hiring real auditing firms. Now remind me what auditing firm is doing audits for Tether please. I forgot.”

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock.


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