Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.
The stablecoin supply of cryptocurrencies has been in a strong uptrend in March 2020. Last night, $60 million was added to the inventory of Tether, as the firm prepares for issuance of more USDT. 💵 💵 💵 💵 💵 💵 60,000,000 #USDT (59,854,340 USD) minted at Tether Treasury Tx: https://t.co/TPOhNmxOiq — Whale Alert (@whale_alert) April 2,
OKEx exchange announces addition of ten USDC crypto pairs including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Following a successful start of the year, can Circle’s stablecoin challenge Tether (USDT) as the top stable crypto? On Monday, March 23, 2020, one of the largest crypto exchanges, OKEx announced the addition of top 10 crypto to
Two DeFi apps, dydx and MakerDAO, liquidated $3 million of Ethereum (ETH) to cover for issued loans. But the bloodbath may continue. Not because there is now use and demand for loans and above-rate interest rates, but because of sliding ETH prices. Ether is the choice of most DeFi dapps because most are launched from
Bitcoin Cash (BCH) proponents forward a narrative of speed, security, scalability, and fast transaction settlement. All this has been made possible because of several enhancements that continue to be made on-chain. For perspective, the Bitcoin Cash network has hard forked several times since August 2017. Amid the turbulence as they angle to be a preferred
Despite current ongoing legal issues, major crypto exchange, Bitfinex took to its Twitter page today to announce the addition of three new stablecoin pairs on its exchange. Bitfinex tweeted – The new pairs are however only available to verified users. This new listing, however, has not been met with much excitement by the crypto community
Chainalysis is a US-based start-up that aims to build trust in blockchain by implementing its Blockchain Intelligence Platform software with Financial Institutions, Cryptocurrency Exchanges, and even the Government. On 24th April 2019, the firm announced the addition of four new cryptocurrencies to its Know Your Transaction (KYT) initiative, the firms anti-money laundering service. Those are
If we have to pick a villain in the world of cryptocurrencies and stable coins it would definitely be Tether which has never come clean on its dollar backings. On the other hand its competitor, USDC was appreciated for its transparency and independent audits. But the audits of USDC have come under the cloud, as
Tether is facing the same question again and again as its competitors are ticking all the right boxes what investors want. In less than 24 hours since Circle released its third independent audit report for its USDC, people have already started questioning Tether again to come out clean on its dollar balances that are currently
While 2018 was a somber year for cryptocurrencies, one company that really stood out in terms of expansion and development is Goldman Sach’s backed Fintech start-up Circle. To answer key questions about the company and to spell out the company’s outlook for 2019, CEO Jeremy Allaire and President of Product and Operations, Sean Neville started
Around 6 months back, the world had only one stablecoin, Tether, to save themselves from the absurd volatility of the crypto-markets. But as crypto markets entered the second half of 2018, there came a flurry of stablecoins battling out for the numero uno position that Tether has held since inceptions. While the battle still continues,
Stablecoins were introduced to protect traders and investors against the volatility of crypto markets. But the stability of the markets over the past few months had put them on the backburner. But as the volatility returned to the markets after the BCH fork, volumes in nearly all Stablecoins shot up multifold bringing them back to
The second half of 2018 has been all about Stablecoins as there have been successful in grabbing eyeballs of everyone in the crypto world be it businesses, exchanges, traders or investors. Trying to meet this growing demand, the United States-based digital asset platform, Poloniex announced several new trading pairs for USD Coin on their platform.
Circle’s strategy of becoming a one-stop crypto shop seems to be playing out as the company is leverage one business’s strength for the benefit of others. To promote and boost volumes of its stablecoin USDC, Circle is asking Poloniex removes trading fees for USD Coin (USDC), the exchange which it acquired in February 2018. No
While the world was still rejoicing the news of two of the largest cryptocurrency companies, Coinbase and Circle, joining forces to form “CENTRE Consortium” and work on the Circle’s stablecoin USDC, controversy struck. According to the news that has surfaced, the user agreement of Circle’s stablecoin, has listed down events under which the company could
Coinbase and Circle have come together to launch a digital dollar i.e. a stablecoin USDC that is up for buy, sell and receive on exchange’s iOS and Android apps, and website. However, Circle reserves the right to block certain addresses and freeze associated USDC. Coinbase and Circle launches USDC- A digital dollar US-based exchange Coinbase