Tag: stablecoin

  • facebook
    Industry

    Facebook Takes Another Step Closer to Cryptocurrency

    Social media giant Facebook has taken another step closer to crypto with its latest acquisition, the team behind a London based blockchain startup. Facebook Expands its Blockchain Division According to reports Facebook has quietly hired the team at Chainspace, a small startup founded by researchers from University College...

    Martin Young | February 5, 2019 | 8:00 am
  • escobar
    ICO

    Crypto Goes Narcos as Escobar Estate Launches New Stablecoin ICO

    The late Pablo Escobar is infamous for a number of reasons but crypto has not been among them, until now. An ICO for a dollar pegged stablecoin has been launched by the brother of the drug lord and Colombian cult hero in an effort to impeach US president...

    Martin Young | January 13, 2019 | 10:00 am
  • Crypto

    Binance CEO: About Time Facebook Launches Its Own Crypto, Bolsters Adoption

    Even amid 2018’s crypto market downturn, reports have recently begun to sprout up that Facebook, one of the largest technology giant on Planet Earth, has started to earnestly dive into blockchain development. This week, NewsBTC reported that Facebook’s in-house blockchain branch, a project headed by former PayPal president David...

    Nick Chong | December 21, 2018 | 11:00 am
  • Stablecoin
    Crypto

    Circle’s Stablecoin USDC Passes Independent Audit, Fully Backed by USD

    The Circle Internet Finance-issued stablecoin, USDC, has received a formal attestation from an independent accountancy firm. It relates to the correlation between the numbers of tokens minted and the balance at the bank where the fiat currency backing them is stored. GrantThornton confirmed that the balance of USDC...

    Rick D. | November 22, 2018 | 11:45 pm
  • Iran
    Crypto

    Iran Disconnected From SWIFT, to Launch State Backed Crypto Rial

    Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed...

    Davit Babayan | November 13, 2018 | 3:00 pm
  • Tether
    Technology

    Tether Opens Bank Account with Caribbean Deltec Bank

    Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says. Deltec...

    Ricardo Esteves | November 2, 2018 | 7:00 pm
  • AUD
    Crypto

    Another Stablecoin Announced, First on Stellar Network in Aussie Dollars

    Stablecoin popularity continues to grow, and ever since Tether (USDT) started the trend, numerous other stablecoins have emerged around the world. Despite the recent Tether controversy that has seen the pegged coin’s value drop below $1 — which should never happen, since each coin is supposedly backed by...

    Ali Raza | October 24, 2018 | 2:30 pm
  • Analysis

    Peer Stablecoins are Showing 10% Premium against a Weak Tether

    A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted...

    Davit Babayan | October 15, 2018 | 2:18 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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