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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Crypto Payment Platform BitPay Introduces Settlement in Stablecoins

U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base…

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OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu

The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB). Xu: Stablecoin Will Be ‘Fully-Compliant’ In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market…

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Japanese Behemoth GMO Internet to Launch Yen-Pegged StableCoin

The company also announced plans to start issuing the stablecoin for the Asian region by the start of the fiscal year 2019. GMO Japanese Yen (GJY) Japanese behemoth, GMO Internet  Inc. announced saying, It will start full-scale preparations to issue stable coins of virtual currency, with an eye to entering into the ‘settlement’ area of…

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The Daily: Bitcoin’s Low Volatility and High Liquidity, PwC Backs Stablecoin

To kick-start the new week, we bring you news of bitcoin hitting a record low — for volatility, not price. There’s also been an altcoin breakout ahead of an impending Coinbase listing, a new metric for ranking cryptocurrencies and an obligatory new stablecoin story. It’s all covered in Monday’s edition of The Daily. Also read: Rapper…

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Gemini Exchange Secures Digital Asset Insurance

The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon.   The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release said is was arranged by a professional services firm called…

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London Block Exchange Announces GBP-Backed Stablecoin

London Block Exchange (LBX), a multi-cryptocurrency exchange based in the UK, is partnering with an unnamed bank to create a new cryptocurrency pegged to the British pound. Dubbed LBXPeg, LBX said in its announcement that the new cryptocurrency will be created on the ethereum blockchain and will be tied to the value of GBP held…

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London Block Exchange Announces New Pound-Pegged Cryptocurrency

London Block Exchange (LBX), a cryptocurrency exchange platform based in London’s Canary Wharf, has announced its plan to release its own cryptocurrency – a stablecoin linked to the pound sterling. Tied to the mast According to the company blog, LBXPeg (as the coin will be called) is required because current stablecoins are inadequate due to…

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London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would…

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Circle's USDC Stablecoin Enters the Realm

USDC is a stablecoin pegged to the US dollar and is backed by Goldman Sachs. Like other stablecoins, USDC is also ERC20 compliant. The initial capital in May by Bitmain, China cryptocurrency company raised a total of $110 million for the project. The coin, USDC will be available for immediate use on Poloniex exchange. Soon will also…

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Australian Dollar Will Get Stablecoin in 2019

Next year, Emparta will be launching a stablecoin linked to the Australian dollar (AUD). The information has been released by the crypto exchange Bit Trade this week. The company will be partnering with Emparta to develop Australia’s first crypto stablecoin.  Australia Will See New Stablecoin To Dollar According to the official announcement, the company sees an interesting…

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Chinese Blockchain Fund Plans to Raise $13 Million for Japanese Yen Stablecoin

The Chinese entrepreneur in charge of a $1.5 billion blockchain fund will seek to create up to three new stable cryptocurrencies (stablecoins) pegged to various fiat currencies, South China Morning Post reports Tuesday, September 18. Yao Yongjie, whose Grandshores Blockchain Fund has the backing of well-known Chinese Bitcoin investor Li Xiaolai and the local government…

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