One [Stable]coin to Rule Them All? Huobi’s New Program Lets Users Swap Between Tokens

Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobi’s All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred

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Ethereum Token BAT Posts Major Rally as Brave’s Cryptocurrency Program Enters Beta

The cryptocurrency market posted a minor decline on Friday, with bitcoin and most other large-cap assets shedding about one to two percent of their previous-day valuations. Ethereum token BAT, however, managed to resist the market’s gravitational pull and post a major single-day rally. Ethereum Token BAT Hits Two-Month High BAT — short for Basic Attention

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Monero Forks: Bulletproofs Integration Kicks off New Era of Privacy, Speed

Monero (XMR) forked successfully earlier today, and the network has seen no major hiccups so far. This release is unlike the usual ones that try to keep up with deterring ASIC miners. The release, called “Monero 0.13.0 “Beryllium Bullet,” includes a significant overhaul of the network’s protocol through the introduction of bulletproofs. Bulletproofs Explained The … Continued

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Blockchain Journalism Startup Civil Refunds Investors after Failed ICO

Initial coin offering (ICO) operator Civil will refund investors due to the blockchain startup’s failure to reach its minimum sale cap. Civil will conduct another token sale in further efforts to build their Journalism business. Civil ICO Civil’s first ICO began in September and wrapped up this week. Their mission, according to their website, “is to help power … Continued

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Tether Found a New Bank, and it Might be in the Bahamas: Report

Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency has a market cap in the billions of dollars — is said to be holding its fiat reserves … Continued

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Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation

The loss of its U.S. dollar peg isn’t the only thing driving down the market cap of tether (USDT), the cryptocurrency market’s largest “stablecoin.” Tether Falls Below Dollar Parity The USD-backed token, which as recently as late August had a circulating valuation of nearly $2.9 billion, is now worth just $2.2 billion, representing a two-month

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Op-Ed: Stablecoins and Bank Failure — The Unmitigated Risk of Fiat-Backed Tokens

About the author: Ranjeet Sodhi is the CEO and Co-Founder of Vault. He is also a fintech entrepreneur with over 19 years of experience leading and turning around key regulatory risk management initiatives for global top tier investment banks and financial services firms, including JPMorgan Chase, Citi, Deloitte, and E&Y. You can follow him on

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As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume than

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Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited]

bitpayBitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in … Continued

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As Petro Launch Looms, Venezuela’s Bolivar Eyes 1.4 Million Percent Inflation

venezuela cryptocurrency petroBased on findings from the International Monetary Fund (IMF), the annual inflation rate for Venezuela could reach as high as 1.37 million percent by the end of 2018. Inflation estimates for the country have risen several times this year as Venezuela struggles with policies and production — and prepares to launch its Petro cryptocurrency No … Continued

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Interview: Trader Says Tether Will be Replaced by New Stablecoins, Better for Crypto

tether cryptocurrency stablecoin usdtOn October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and analyst Alex Krüger stated that Tether will likely not crash in the short-term, but the

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Ripple (XRP) Marks the Best Correction as Crypto Market Recovers

Ripple price UberThe Ripple-to-Dollar (XRP/USD) exchange rate on Friday was the earliest to recover from its latest downtrend move. It surged as much as 19 percent from yesterday’s low at 0.377-fiat, which is higher than other top coins. Ripple, the company that issues XRP tokens, is reportedly heading towards forming a partnership with SWIFT, a global banking

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Japanese Technology Conglomerate GMO to Unveil Yen-Pegged Crypto Stablecoin

Zaif CryptocurrencyJapanese internet giant GMO Internet has announced that it will launch a stablecoin pegged to the yen next year. According to the founder and president of GMO Internet, Masatoshi Kumagaii, the stablecoin which will be known as GMO Japanese Yen (GJY) will be issued in Asia. It is expected that the assets backing the stablecoin

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Venezuelans Must Now Pay Passport Fees with the Government’s Petro Cryptocurrency

petro cryptocurrencyStarting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is allegedly backed by oil. This was announced in a press conference on Friday, Oct. 5, by the country’s vice president, Delcy Rodriguez, ahead of the coin’s official launch in November. This follows a similar press … Continued

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TRON (TRX) and EOS are Trading in the Red Despite Releasing Big News

Tron (TRX)

While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at TRON (TRX) and EOS.

 TRON (TRX)

TRON is currently the 11th largest cryptocurrency by its total market cap and is sitting just under Monero (XMR). Two days ago, TRON’s Founder Justin Sun announced that Odyssey 3.1 would be launched at 8 PM SGT that day.

Based ...

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Tron Says its Community is More Active Than Ethereum, Hackathon Shows Otherwise

Tron does not have a more active developer pool than ethereumDuring an interview with Investopedia on Oct. 5, Tron CEO Justin Sun stated that its developer community is more vibrant and active than Ethereum. When asked by the publication to provide five reasons why Tron is better than Ethereum, Sun said: “At TRON we always emphasize the importance of accessibility and our dedication to the

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Blockchain Startup Inks Sponsorship Deal with British Masters Tournament

A blockchain startup is going to be an official sponsor for a professional golf tournament in the United Kingdom. LIFElabs, a philanthropy-based crypto company, has entered into a sponsorship deal with the Sky Sports British Masters tournament, which is scheduled to begin next week. The partnership would mark LIFElabs as the first digital currency firm

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EOS, TRON (TRX), and Litecoin (LTC) Updates: Prices Up and Down

EOS

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m ...

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StellarX is Officially Launched but XLM Remains Red

StellarX launches

Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news.

StellarX Launches!

Previously, StellarX was open only to a number of individuals who signed up for its Beta testing, but it seems the team at Interstellar feels confident in their product thus far—confident enough to launch publically!

What makes the platform stand out from the rest is that it’s a totally free trading platform. ...

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