The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
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London-based crypto payment processor Wirex says it now has over 3 million active users, highlighting the popularity of its crypto-supporting Visa card among customers. London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers. Wirex is a company licensed […]
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The team behind CryptoKitties and the Flow blockchain, Dapper Labs, has revealed a partnership with Libra to share technology between the two projects. Dapper Labs, the team behind CryptoKitties and the Flow Blockchain, has revealed a partnership with Facebook’s Libra stablecoin project to share proprietary technology. Speaking to Cointelegraph, Dapper Labs’ CTO Dieter Shirley revealed […]
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The G20’s Financial Stability Board issued a study on stablecoins, analyzing their merits and threats as the Libra project continues to spook regulators. Stablecoins can pose risks to financial stability and need to be adequately regulated, according to the Group of 20. The G20’s Financial Stability Board (FSB) issued a comprehensive stablecoin study on April […]
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After first promoting the rollout of his personalized tokens at the EthCC, Alex Masmej announced the IPO had raised $20,000 since April 7. Alex Masmej, founder of a company offering loans against non-fungible tokens, has just raised $20,000 after selling his personal tokens on the Ethereum network. In a Tweet to his 3,000+ followers on […]
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Different vectors of development within the crypto industry have led to the emergence of stablecoins, which could be the most usable type of money in the future. Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a […]
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Gemini is adding trading pairs with Dai, Chainlink and Orchid, bringing the total number of supported trading tokens to nine. The Gemini cryptocurrency exchange and trading platform is adding support for three more tokens on April 24. Gemini announced the addition of trading pairs featuring Dai (DAI), Chainlink (LINK), and Orchid (OXT) in a blog […]
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Coinbase identifies derivative arbitrage and stablecoin speculation opportunities created amid the recent crash. Despite the volatility of the March 12 – 13 crypto market meltdown, Coinbase has identified several unusual methods through which traders were profiting amid the chaos. The crash saw rare profits being generated through ‘crypto-and-carry’ derivatives arbitrage, stablecoin speculation, and the failure […]
Continue ReadingGiven the global coronavirus lockdown, some blockchain projects have found their business plans affected, others see no change. The coronavirus pandemic has been affecting more and more aspects of the blockchain and cryptocurrency market. As Cointelegraph previously reported, more than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 […]
Continue ReadingGiven the economic losses due to the COVID-19 pandemic, can we expect governments to be more vigilant in taxing cryptocurrency this year? Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global […]
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