Joseph Young · 3 hours ago · 2 min read
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Nick Chong · 4 days ago · 2 min read
Tether, the company behind the USDT stablecoin, has announced that it has launched its coin on Solana, a blockchain platform that aims to compete with Ethereum.
After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address.
A new report jointly-published by eToro and The TIE laid out their research on the cryptocurrency landscape for Q2 of 2020.
The stablecoin sector has been seeing tremendous growth throughout the past year.
The Japanese government confirmed yesterday it will assess and develop a digital currency in the coming months.
Throughout the crypto market’s consolidation phase, the total supply of circulating stablecoins has been on the rise.
Ethereum is by far the leader in the smart contract blockchain space.
The East Asian superpowers are battling it out, this time with blockchain and digital currencies as a focus.
China’s digital currency aspirations are both unprecedented and unparalleled.
Long touted as an alternative to fiat currencies without the volatility of digital assets like Bitcoin, stablecoins and related companies mushroomed in late-2018; with a lot of projects even getting venture funded.
While ETH prices have remained in the proverbial dumps, the underlying Ethereum blockchain has seen a flurry of activity and development of recent months.
Days after rebranding the Calibra wallet to Novi, Facebook founder Mark Zuckerberg explained to shareholders how Libra, the firm’s upcoming digital currency, can help bolster revenues from advertising.
China’s digital currency, the DCEP, is currently in the advanced testing phase, with leaked images showing that the China Construction Bank already runs the alpha version of its DCEP app.
With Bitcoin seemingly finding a local top, all eyes in the crypto space have migrated to stablecoins, digital assets tied to and backed by a “stable” reserve asset.
Ethereum has seen tremendous growth throughout the past several years, onboarding a significant amount of noteworthy decentralized applications to its blockchain while also enabling the growth of a billion-dollar DeFi ecosystem.
Crypto investors have long been looking towards different narratives to support the notion that the market is just a stone’s throw away from finding itself caught within the next major parabolic uptrend – although the vast majority of these theories have been invalidated throughout the past few years.
Stablecoins account for a rapidly growing sector of the crypto industry and have viewed by many industry-advocates as tools that will ultimately help bridge mainstream finance with the nascent and highly volatile crypto market.
A survey jointly conducted by Crypto dot com and The Economist examined the general population’s opinion of cryptocurrencies, finding that 24 percent of respondents believed the main use for cryptocurrencies was “short-term investment.” However, over half of the respondents said they would trust a digital currency issued by their country’s central bank.