Stablecoins

Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins, but said he would be surprised if a global digital currency became a reality in his lifetime. During a special episode of Circle co-founder and CEO Jeremy Allaire’s podcast, “The Money Movement” last week, Summers said he foresees more innovation in the blockchain space but a global …

Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins Read More »

Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion

Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read …

Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion Read More »

Some Numbers That Show Why Yield Farming COMP Is So Seductive

It’s hard to figure out what the new governance token from Compound, COMP, costs. Not its price, but its cost: How much will a user pay to earn freshly minted COMP? This is made especially complicated because the cost isn’t what a user deposits or borrows, it is how much net interest they ultimately pay. …

Some Numbers That Show Why Yield Farming COMP Is So Seductive Read More »

Circle, Coinbase Bring USDC Stablecoin to Algorand’s Blockchain

The CENTRE consortium, led by Coinbase and Circle, announced on Thursday that its U.S. dollar-backed stablecoin, USD Coin (USDC), would be launched on the Algorand blockchain as part of a new collaboration with the Algorand Foundation.   Circle said it would also support digital dollar stablecoins that are interoperable with USDC on Algorand’s blockchain, according to …

Circle, Coinbase Bring USDC Stablecoin to Algorand’s Blockchain Read More »

Buy Stablecoins With Your Credit Card in Lumi Wallet

Spacex Bitcoin Scam Features BTC Giveaway, Elon Musk, and NASA Launch A Spacex bitcoin scam has frequently appeared on Youtube, claiming to give away BTC. Its promo video features the recent Spacex launch with two NASA astronauts and an interview with Spacex and Tesla CEO Elon Musk. The scammers claim that … read more. Bitcoin-Friendly …

Buy Stablecoins With Your Credit Card in Lumi Wallet Read More »

China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in … read …

China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls Read More »

US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a … read more. …

US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’ Read More »

Coinbase Custody Deleted Tweet That Could Explain Surge in Tether Addresses

In a now-deleted tweet, Coinbase Custody International announced it was adding support for withdrawals and deposits in the stablecoin tether.  While that May 30 tweet is now gone, it’s hard to hide its effects given a recent surge in the stablecoin’s count of active addresses. The number of unique addresses active in the network, either as …

Coinbase Custody Deleted Tweet That Could Explain Surge in Tether Addresses Read More »

Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading …

Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange Read More »

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. As many still wait to receive the check from the Paycheck Protection Program and Health Care Enhancement Act, which is …

Stablecoins Are the Bridge From Central Banks to Consumer Payments Read More »