USDC

Stablecoins Could Be Crypto’s True Killer App

During the crypto hype bubble and Bitcoin’s meteoric rise, speculation ran wild due to the incredible potential the emerging technology could bring to the world, if only the technology could find its “killer app” – something that makes the technology a must-have addition to daily life.The post appeared first on NewsBTC
Read More

Venture Capitalists Have Invested Over $200M in Stablecoins

Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses Crypto and Central Bank Digital Currency...
Read More

Crypto Exchange Catastrophe: Poloniex Spin Out Leaves Investments Spinning At Circle

This past October, the Boston-based, Goldman Sachs-backed financial services company Circle, announced that it would “spin out” crypto exchange Poloniex into its own company, selling it to an investment group with backing from Tron founder Justin Sun.The post appeared first on NewsBTC
Read More

Crypto-Focused Lender Blockfi Launches Trading Platform

Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes Enforcement Network and expanded its state licenses to cover both lending and money transmission. Also read: Bitcoin ATMs Installed...
Read More

Circle Warns Poloniex US Customer Assets May Be Sent to the Government

As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property. Also Read: Circle Drops Poloniex Leaving US Crypto Traders High...
Read More

Constant’s Customized P2P Lending Terms and Rates Fuel Platform’s Impressive Growth

The increasing competition among borrowing/lending platforms, stablecoins, derivatives, and cross-chain CDPs indicates a new era in fintech innovation. Decentralized finance’s (DeFi) meteoric rise has been accompanied by a slew of advances in financial technology, sparking a wave of P2P lending protocols and liquidity pools. The increasing competition of borrowing/lending, stablecoins, derivatives, and even cross-chain CDPs...
Read More

Coinbase Introduces Staking Rewards for Customers Holding Tezos Tokens

Coinbase projected 5% annual rewards to customers holding the Tezos cryptocurrency based on the coin’s last 90 days of staking returns. One of the biggest crypto exchanges Coinbase has arrived with a surprise decision for its customers. For the first time, Coinbase customers in the U.S. can earn rewards just for holding the Tezos cryptocurrency....
Read More

Jack Dorsey Invests $10M in the Startup ICO Platform CoinList

Jack Dorsey is expanding his cryptocurrency involvement by backing crypto initial coin offering (ICO) exchange platform called CoinList. Token offering platform CoinList raised $10 million with a little help from Twitter and Square CEO Jack Dorsey. CoinList was founded back in 2017 as a spin-off of AngelList, and it acts as an ICO exchange platform...
Read More

Bitcoin trading to USDT drops by nearly a quarter

Stablecoins volume have dropped. In the month of September as Bitcoin’s price took a tumble, so did the stablecoins. Seen to serve different sectors of the market, some as a trading hedge, some as a trading pair, or some as a crypto-investment bridge, stablecoins have a multitude of purposes, yet their use, in a sluggish...
Read More

Buy High and Sell Low? Circle Dumps Poloniex As Crypto Market Interest Wanes

Today, Circle, a US-based finance firm, has revealed that it is “spinning out” crypto trading platform Poloniex into its own independent company, in “an effort to create a competitive internationally-focused cryptocurrency exchange.”The post appeared first on NewsBTC
Read More

USDC Beats Tether in Gaining Mainstream Adoption

The growing popularity of stablecoins is slowly causing a major shift to occur. The first of these assets has now found a use outside of the cryptocurrency industry as well. The USDC stablecoin will now be accepted for tax payments in Bermuda. Although this is still a niche use case, it goes to show some...
Read More

Bermuda government to accept taxes in USDC stablecoin

Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services. The announcement highlighted,...
Read More

Neo Banking Solution Startup Juno Raises $3 Million in Financing Round

Neo banking platform Juno which is said to help Asia to lead digital asset adoption has managed to raise $3 million from a row of prominent investors. Juno is a new banking solution organization that focuses on redistributed assets decentralized in nature and based on distributed ledger systems and blockchain technology. Recently, it has managed...
Read More

Lending Protocol Founders to Launch ‘Neo-Bank’ Offering Interest on USDC

news The founders of lending protocol Nuo are launching a “neo-bank” to attract more retail users. Varun Deshpande, Ratnesh Ray and Siddharth Verma – who launched the Nuo protocol in 2018 – are now launching a new digital banking platform called Juno. Juno will be built on top of ethereum, rely on the Nuo protocol...
Read More

UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement

After nearly three months of a blackout, Coinbase’s UK retail and institutional customers can now withdraw and deposit cash within 60 seconds. Coinbase, that is a well-known large crypto exchange based in the U.S., has taken a decision to reinstated GBP moves targeted at its UK users. This has become known from the recently published...
Read More

Ripple’s David Schwartz proposes XRP-collateralized stablecoin to improve XRP ledger

Ripple CTO David Schwartz recently expressed his opinion on how to improve the XRP ledger in terms of functionality, as well as expanding its significant reach to a wider ecosystem. In a recent blog post released by Schwartz, the CTO proposed that the creation of a stablecoin collateralized with XRP was the answer in this...
Read More

Coinbase the Bank: Exchange Rolls Out USDC Stablecoin Rewards

San Francisco-based cryptocurrency exchange Coinbase is expanding its horizons toward the realm of banking in a bid to further evolve into a one-stop hub for new kinds of finance. That’s because on October 2nd the unicorn startup unveiled a new rewards program that will award annual earnings to customers who hold the USD Coin (USDC)...
Read More

Coinbase Offers Interest of 1.25% on USDC Stablecoin

Photo: The Coinbase Blog Premier cryptocurrency exchange Coinbase has announced that it will offer interest on deposits in stablecoin USD Coin (USDC) for 1.25% APY. This indicates its willingness to encourage more of its large database of users to deposit their holdings in the cryptocurrency token. Transferring the value of the US Dollar which in...
Read More

Telegram to Officially Launch TON Network by October 31

Telegram has conducted the world’s largest initial coin offering back in early 2018, netting a whopping 1.7B from a batch of accredited investors. TON Blockchain is supposed to be launch by Oct. 31. Otherwise, it will have to refund its investors. Telegram Open Network (TON) announced in its letter to investors that it is close...
Read More

Coinbase Offers 1.25% Interest on USDC Deposits

Coinbase is offering a 1.25% annualized rate on USDC deposits, as part of its USDC Rewards program. The yield will be available to US-based customers. Starting today, eligible US customers will earn 1.25% APY rewards on every USD Coin held on Coinbase. Read more here: https://t.co/IqyStL1OPo pic.twitter.com/yhiAiN4tgw — Coinbase (@coinbase) October 2, 2019 USDC is...
Read More

Start earning crypto rewards on Coinbase today

With the launch of USDC Rewards, eligible US customers will start earning 1.25% APY rewards on every USD Coin they hold on Coinbase Coinbase is committed to building the easiest, most trusted crypto investment experience in the world. As crypto adoption continues to spread, it’s our goal to deliver more ways for anyone to legally...
Read More

Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto

27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC or USDC) to match the amount of stock Pelosi holds...
Read More

Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?

Research and analysis reveal that Tether could be the world’s most used cryptocurrency for months now because its daily and monthly trading volumes surpass those of Bitcoin by far. What is the most used crypto in the world today? Many may think that it is Bitcoin since it accounts for over 67% of the digital-asset...
Read More

Malta-based Binance launches its seventh phase of lending products

Changpeng Zhao led cryptocurrency exchange, Binance initiated several developments in its ecosystem, one of which was the Binance lending platform. The exchange launched the platform on 26 August with only two products, BNB and USDT. However, in a period of one month, the exchange carried out six phases of its lending products. Binance’s latest tweet...
Read More

Coinbase Celebrates One Year of USDC Stablecoin

The stablecoin USDC has established itself pretty well within the crypto ecosystem, with its first completed year. USDC was launched in September 2016 and quickly gained ground as one of the more influential dollar-pegged coins. USDC Stablecoin Marks Fastest Growth Pace Happy birthday $USDC! ?In 12 months, $USDC is now the second most popular stablecoin...
Read More

Roobee Announces Third IEO for AI and Blockchain Investment Platform

Photo: Roobee / Twitter The Roobee platform is a blockchain based investment service that gives everyone an equal opportunity to make smart investment decisions in an otherwise unequal terrain, thereby “disrupting the investment world”. For as little as $10, interested investors can participate in several opportunities even where the investment threshold is higher than average....
Read More

Announcing the Coinbase USDC Bootstrap Fund

In 2018, the Centre Consortium — which includes Coinbase and Circle — launched USDC, a stable, secure, and transparent stablecoin. Since then, it has become one of the world’s most popular and trusted stablecoins. To encourage further growth in decentralized finance (DeFi), Coinbase is announcing the USDC Bootstrap Fund. The Fund will support developers building...
Read More

Third Phase Of Binance Crypto Lending Includes XRP, Litecoin And USDC

The month of October this year is crucial for a couple of things – one of which is the upcoming Ripple conference hosted by Ripple Labs, described as the annual gathering of the “world’s most trusted voices across financial services, payments, technology and policy” on many best cryptocurrency news sites. As you probably know if...
Read More

Waves Ranked First by Commits in Blockchain Development, Ethereum and Cardano Follow

According to MetaBlock, Waves is the top blockchain project leading by commits. Ethereum and Cardano follow Waves and take the 2nd and 3rd positions with 1847 and 1687 commits respectively. In the fast-developing world of digital currencies, any player willing to stay on board should keep their eye on the ball. The distributed ledger itself...
Read More

Binance Lending Platform Includes 3 Cryptos in Third Phase

The new lending platform of the Binance crypto exchange has included new cryptos in the third phase of its rollout, such as Litecoin, XRP, and Tether. The second phase of the launch saw the addition of coins like BTC and few altcoins such as ETH and ADA. Other altcoins that have been included in the...
Read More
1 2