Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT. Tether (USDT) recently rose through the ranks as it replaced XRP as the third highest ranked asset by market capitalization. It now sits at a total of more than $9 billion […]
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Will DeFi take over centralized finance?: A deep dive into the benefits, advantages, dangers and constraints of both systems. Decentralized finance has become one of the hot topics in crypto this year. Although activity and volume in the DeFi space still lag behind its popularity, this is starting to change as novel protocols become available. […]
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Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team. The Bank of Japan announced on July 20 that it had formed a new team to accelerate research into the feasibility of central bank digital currencies (CBDC). The team takes over […]
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PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos. Digital payments giant PayPal reportedly plans to facilitate cryptocurrency trading through a new partnership with stablecoin operator Paxos. Industry news outlet Coindesk reported on July 20 that PayPal plans to introduce crypto trading through Paxos’ new […]
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Changpeng Zhao, CEO of Binanace, says that Bitcoin will eventually break out of this $9,000–9,500 corridor but the token is “really stable” now. Changpeng Zhao, CEO of crypto exchange Binance, isn’t sure what will cause Bitcoin to hit $10,000 again, but has remarked on the token’s recent stability. In a July 19 interview with Bloomberg […]
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The exchange also plans to launch additional trading pairs in the near future. OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, […]
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CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Real innovations and breakthroughs don’t happen in the blink of an eye. Bitcoin (BTC) took many years to get to mainstream users since its inception in 2009. The bull market run in 2017 drastically […]
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Binance-backed data privacy startup HOPR is preparing to launch its first public testnet on July 16. Swiss data privacy startup HOPR is launching its first public testnet shortly after securing $1 million in investment from investors like Binance. HOPR said that the startup is preparing to launch the testnet and community support program on July […]
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Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020. Initiated back in 2015, the digital […]
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Today, stablecoins buy 15-times as much Bitcoin as in early 2018, this could bode well for the next bull run, if and when, it happens. Stablecoins have never had more buying power than now, this could bode well for the next bull run. Glassnode keeps track of the Stablecoin Supply Ratio, or SSR, which is […]
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