-Bitcoin news, price, information & analysis
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...
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...
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...
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...
Once upon a time there was crypto and fiat. If you wanted to trade in altcoins you had to first buy Bitcoin. Tether changed all that when it came onto the scene on Bitfinex in 2015, today there are a slew of stablecoins all competing for supremacy. USDC...
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...
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...
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...
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...
In spite of depressed prices and an absence of liquidity and volume in the crypto market, stablecoins, cryptocurrencies tied to the value of a non-volatile asset, have become the flavor of the month. OKCoin Founder Star Xu Announces Chinese Yuan-Backed Crypto OKGroup founder Star Xu, who was reportedly...
© 2019 NewsBTC. All Rights Reserved.