New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

A new decentralized stablecoin from the Japanese company USDDex will be available for purchase by crypto investors 1 month before its launch on cryptocurrency exchanges in a limited number with 45% bonus. A new era in blockchain evolution Most analysts and experts at the cryptocurrency market with certainty declare 2019 as the year of stablecoins. The…

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MakerDAO Polls Users on Fresh Fee Increase to 7.4 Percent as Stablecoin Wobbles

Decentralized Autonomous Organization (DAO) MakerDAO (Maker) has upped its demands to increase one of its network fees, this time to 7.5 percent, the company confirmed in a blog post on March 18. Maker, which issues USD-pegged stablecoin Dai (DAI), is seeking to improve the cryptocurrency’s stability. The organization aims to do so by raising its…

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MakerDao Raises Stablecoin—DAI’s ‘Stability Fee’ to 3.5 Percent

MakerDao, a Decentralized Autonomous Organization (DAO), behind the popular stablecoin—DAI, based on the Ethereum (ETH) blockchain, recently conducted a voting exercise involving its users. The purpose of the voting is to raise the stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent. The result of the recently concluded poll made it clear that a…

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TRON-Tether Collaboration: USDT Stablecoin Will Launch on TRX Blockchain

Tether, the stablecoin which has seen its fair share of controversy, will launch USDT as a native token on the TRON blockchain. The token is expected to be launched in Q2 2019. The collaboration is good news for the TRON project, which recently hard forked successfully and upgraded its TronGrid. Tether CEO Jean-Louis van der…

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Over 5.5 Billion USDC has Been Transferred оn-Chain

Over 5.5 billion USD Coin (USDC) tokens have been transferred on-chain as of Jan. 31 2019, according to a report released by the Centre consortium on Feb. 6. The Centre consortium was founded by crypto finance firm Circle and United States-based crypto exchange Coinbase. USDC s a U.S. dollar-backed stablecoin released by Coinbase and Circle…

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Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse

Phillip Potter, co-founder of Tether (USDT) and former Chief Strategy Officer of affiliate crypto exchange Bitfinex, has joined the advisory board of a new stablecoin clearing house project, Stablehouse.io. The news was shared with Cointelegraph in a press release on Feb. 5. Stablehouse.io, currently under development by crypto finance company XBTO, aims to act as…

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The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin

In today’s edition of The Daily, we feature a couple of new offerings in the cryptocurrency market including a wallet made for exchanges and token issuers as well as the latest fiat-backed stablecoin. Additionally covered are an exchange that underwent an auditor’s inspection and a crypto CFDs provider that got FCA authorization. Also Read: Wikipedia…

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South Korean Fintech Firm Launches ‘First’ Won-Backed Stablecoin

South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29. There was an initial beta soft launch of the coin on Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean exchange,…

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Huobi CFO Chris Lee Reveals To Likely Introduce Its Stablecoin in 2019

Huobi CFO Chris Lee, was found in a presentation held in Singapore, where he states about the company to update its trading platform and stablecoin, further will continue its international expansion. Chris Lee speaks to the audience present at the event saying: 2018 brought us huge challenges but I’m personally optimistic about the crypto market….

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New Stablecoin Pairs For Binance

We have seen several news stories surface this week including one of the biggest cryptocurrency exchanges in the world, Binance announcing that they are now openly trading three stablecoin pairs. On top of this, the Morgan Creek founder Jason Williams has put his Lamborghini on sale for a sum of Bitcoin. Binance stablecoins Binance is…

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Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New…

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State Duma Chairman: Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws…

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Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison to Morgan Stanley’s 2017 report on Bitcoin, their 2018 outlook is bullish. The…

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Stablecoin War: Circle’s USDC and Paxos [PAX] stay ahead, while Winklevoss’ Gemini [GUSD] falls behind

Tether’s rumors have paved way for other stablecoins [pegged 1:1 with real-world assets] like Circle’s USDC, Paxos’ PAX, and Winklevoss twins’ Gemini [GUSD]. A war among stablecoins has started to take over Tether’s throne if and when it falls. Gemini, Paxos, and USD Coin have all received the go-sign from the New York Department of…

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Coinbase Now Worth $8 Billion, Raises Funds to Accelerate Crypto Adoption

Coinbase, the giant digital currency exchange, reports that it added $300 million USD after its latest fundraising round. As a result, the company says that its value now surpasses the $8 billion USD mark. Coinbase Sees Tremendous Promise in Crypto On October 30, 2018, Asiff Hirji, President and CEO, Coinbase, announced that the company had…

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Top 5 Crypto Performers Overview: Stellar, Ripple, NEO, Cardano, EOS

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On Oct. 15, some market participants dumped stablecoin…

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Huobi Global Will Support Stablecoin Trading Through its HUSD Offering

It would appear there is still plenty of stablecoin action on the horizon in the cryptocurrency industry. More specifically, there has been an influx of such currencies over the past few months. Huobi Global is now planning to introduce its own stablecoin, although it is a bit different from what one would expect. The Huobi…

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Huobi Unveils New 'All-in-One' Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great…

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POA Network, MakerDAO Team Up On Dai Sidechain

The new network, xDai Chain, features Dai as its native cryptocurrency. In collaboration with MakerDAO, the POA Network has launched an Ethereum-based proof-of-authority sidechain with Dai as the native currency. xDai Chain is, according to the POA team, “the first ever blockchain where the native currency of the chain is USD-stable.” The crew said that…

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The Daily: Peak Blockchain and Stablecoin Drama

Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama. Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance…

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