Tokenization might be the best way for businesses to adjust to the new reality of the global coronavirus pandemic. One of the most curious and subtle developments of the COVID-19 global pandemic is the surging demand for stablecoins. Their total supply hit an all-time high recently — roughly $7.5 billion — with demand for Tether […]
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A choppy trading session sees BTC/USD shave almost $1,000 off its latest gains and major withdrawals come from exchanges. Bitcoin (BTC) bounced off $8,500 on April 30 after fresh volatility saw the largest cryptocurrency shed 8% in hours. Cryptocurrency market daily overview. Source: Coin360 BTC price tests reclaimed support Data from Cointelegraph Markets and CoinMarketCap […]
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Tencent, the operator of major Chinese social media app WeChat, has opened applications for its new blockchain accelerator. Tencent, the operator of Chinese social media app WeChat, is launching a blockchain accelerator. Announced on the company’s website on April 29, the “Tencent Industrial Accelerator” is open to both early-stage and mature blockchain startups, with a […]
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An Italian town has created their own currency to support local businesses in the Coronavirus lockdown. A small southern Italian town of 550 residents, Castellino del Biferno, has started minting their own currency, called Ducati, as a method to support their local economy during the coronavirus Pandemic. The town mayor Enrico Fratangelo, had been studying […]
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As Bitcoin pushed past $8,000 and began its ascent to $9,000, the Tether Treasury minted over 160 million new tokens. With Bitcoin (BTC) ascending sharply in the last eight hours — over $9,100 at press time — U.S. dollar-backed stablecoin Tether (USDT) is on a minting spree. Whalebot Alerts has reported that Tether issued more than […]
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After missing its April 30 deadline to launch TON, Telegram has offered its investors an immediate 72% refund, or 110% in 12 months. Encrypted messaging platform Telegram appears to have accepted a United States court ruling that the company cannot distribute its Grams tokens or launch the Telegram Open Network (TON) until the dispute has […]
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Bitcoin price has soared from $7,700 to $9,500 in 24 hours, mainly driven by three key factors that triggered the short-term rally. The Bitcoin (BTC) price increased from $7,700 to $9,500 overnight, increasing by 23%, according to Coinmarketcap, in less than 24 hours. The three main factors that catalyzed Bitcoin’s recent rally are record-high spot […]
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The Switzerland-based Capital Markets and Technology Association has published a common industry standard for the custody and management of digital assets. The Switzerland-based Capital Markets and Technology Association (CMTA) has published a common industry standard for the custody and management of digital assets. Announced on April 30, CMTA’s “Digital Assets Custody Standard” aims to clarify […]
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At Virtual Blockchain Week, Binance’s CZ argued that stablecoins and charity initiatives are driving significant crypto adoption worldwide. Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption. CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain […]
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Trading veteren Peter Brandt has taken aim at Tether, advising traders not to ‘hold it overnight’ as it was riskier than ‘the Nigerian Trinket’. Renowned veteran trader Peter Brandt has compared holding Tether (USDT) to the risk of holding ‘the Nigerian Trinket’. In a tweet earlier today, Brandt took aim at the controversial stablecoin, calling […]
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