Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020. Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020, according to a BBC news report published on May 24. The BBC reports that tests for the forthcoming digital currency are planned to take place by the […]
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Major exchange and cryptocurrency platform Coinbase has added support for Ethereum-based stablecoin Dai in most jurisdictions. Major cryptocurrency platform Coinbase now supports stablecoin Dai (DAI), according to an official press release on May 23. Coinbase says that the token can be purchased and sold, sent and received, and converted or stored in most jurisdictions on […]
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Dharma hopes the addition of USDC will attract mainstream investors to its decentralized lending platform. Crypto lender Dharma has begun supporting the peer-to-peer lending of USDC, The Block reported on May 22. Before now, the San Francisco-based company only supported Dai, a stablecoin backed by ether (ETH) that has been regarded as too risky by some investors due […]
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The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019. Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half […]
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Crypto exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted a stay of demands of which they applied on May 21. Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22. […]
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Major U.S.-based cryptocurrency exchange Coinbase announced that its payment processor Coinbase Commerce now supports Circle’s USD Coin. Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20. Per the announcement, Coinbase Commerce users can now accept USDC […]
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Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has exceeded $4 billion. Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21. Stablecoins tied to the greenback have broken through to […]
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Bitfinex and Tether lawyers file to dismiss an ongoing case versus the New York Attorney General, arguing New York jurisdiction does not apply here. Bitfinex and Tether lawyers are moving to dismiss their ongoing case versus the New York Attorney General (NYAG), according to court filings on May 21. Law firms representing the two companies […]
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New court filings revealed that stablecoin issuer Tether had invested some of its reserves in bitcoin. Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21. Per the document dated May 16, David Miller, an […]
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A fintech research institute established by China’s central bank has posted several new job openings for blockchain talent. A fintech research institute established by China’s central bank, the People’s Bank of China (PBoC), has posted several new job openings for blockchain talent. The three listings were published to Chinese recruitment website Lagou.com on May 21. […]
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