News
Binance announced that it will begin listing the NYDFS-approved BUSD. The exchange said the stablecoin, jointly launched by Paxos and Binance, will begin trading on Sep. 16, while early purchases on Paxos’ platform will... 2 min read →
Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to... 3 min read →
Tether Ltd. is planning to issue two new stablecoins, one pegged to a basket of commodities and another to the Chinese renminbi, according to Zhao Dong, an over-the-counter (OTC) trader in China and a... 2 min read →
Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on... 2 min read →
The People’s Bank of China (PBOC) will roll out China’s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in... 3 min read →
A New York judge ruled Bitfinex must face the fraud suit and impending investigation set against it in April by New York attorney general Letitia James, denying the company’s request for the case to... 2 min read →
Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years,... 2 min read →
Tether ownership is worryingly concentrated, citing Coin Metrics data that showed just 318 addresses held 80 percent of all Tether in circulation. Coin Metrics data shows Tether ownership highly concentrated Tether, a stablecoin created... 2 min read →
Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U.S. investment banking and financial services company, Cowen, Bloomberg reported. Where Cowen may not be known as... 2 min read →
A recent report from TradeBlock found that the total on-chain transfer volume across the largest stablecoins has surpassed Venmo’s total payment volume in Q2 2019. But while many celebrated this as a win for... 2 min read →
After Facebook’s Libra, it seems likely that other major brands like Amazon, Delta, and T-Mobile will create their own stablecoins. Stablecoins of the future The coming years will see the advent of the second... 7 min read →
Facebook’s Calibra CEO David Marcus took another beating, this time from members of the House, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.” Marcus went before members of the House Financial Service... 3 min read →
Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron. The CTO of Bitfinex and Tether said... 2 min read →
Recently released court filings from the New York Attorney General’s Office (NYAG) showed that Bitfinex and Tether both operated in New York from 2017 to early 2019, despite claiming they had ceased all operations... 2 min read →
Tether’s USDT is steadily migrating from Bitcoin Omni-based addresses to Ethereum-based ones, with 40 percent of USDT now using the ERC-20 standard. Major cryptocurrency exchanges Binance and Poloniex announced they were both moving their Tether... 2 min read →
Seattle-based Stably had its flagship StableUSD listed on Binance DEX as a native BEP2 crypto-asset—USDSB. The addition opens up opportunities for on-chain trading on the DEX, providing traders with an additional tool for hedging... 1 read →
John deVadoss—development lead for NEO based in Seattle, former general manager at Microsoft, and a computer scientist with a focus in machine learning and neural networks—shared his insights from analyzing and testing Facebook’s Libra.... 3 min read →
TRON partnered with Carbon, a New York City-based startup, to launch the first fiat-backed stablecoin on the network. TRON announced that Carbon’s “TRXD” would be the first stablecoin to launch on the TRON blockchain.... 2 min read →
One of the most concerning things to come from Facebook’s cryptocurrency reveal is the number of traditional finance players who are supporting it. These are many of the same people who shunned Bitcoin, and... 3 min read →
Facebook finally revealed details about its highly-anticipated cryptocurrency, Libra. And while the company said it plans on transitioning to a permissionless network over the next five years, questions have been raised about Facebook’s ability... 2 min read →
