Cryptocurrency exchange Bitfinex announced that it repaid $100 million of outstanding loan facility to stablecoin operator Tether. Cryptocurrency exchange Bitfinex announced that it repaid $100 million of outstanding loan facility to stablecoin operator Tether in a post on its official blog on July 2. Per the announcement, Bitfinex made the repayment via wire transfer to […]
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The current bitcoin-tether relationship continues a standard historical trend, Jesse Powell told the media. Bitcoin (BTC) is benefitting from inflows of fiat currency as stablecoin Tether (USDT) increases its supply, the CEO of cryptocurrency exchange Kraken told finance news channel TD Ameritrade Network on July 1. In an interview, Jesse Powell took issue with suspicions […]
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Support at $12,000 failed to hold over the weekend, with sentiment now preferring a roughly 40% retracement. Bitcoin (BTC) led major cryptocurrencies on a fresh downward spiral July 1 after markets halted support above $12,000. Market visualization courtesy of Coin360 Data from Coin360 shows bitcoin has lost its grip on the $11,000 mark as of […]
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Cryptocurrency exchanges in Brazil will purportedly be among the first platforms to offer a stablecoin pegged one-to-one with the Brazilian real. Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be […]
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Binance and digital asset Trust company Paxos have partnered to integrate a new fiat deposit gateway on Binance’s flagship trading platform. The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform. According to a press release published on June 26, […]
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Centre consortium founders Coinbase and Circle open invitations to other institutions wishing to issue USD Coin. Stablecoins have become rather frequently discussed in the news and social media over the past few weeks, especially with the news of the release of the Facebook-backed Libra coin. The current wave of stablecoin issuance could be attributed to […]
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Binance exchange lists two new stablecoin trading pairs USDSB/USDT and USDSB/USDS. Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24. As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), […]
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PwC announced its cryptocurrency auditing software solution that supposedly understands how the blockchain works. Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool […]
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Facebook’s newly announced cryptocurrency could shake up the industry and bring mainstream recognition to blockchain. Facebook has been in the news quite often over the past few years — and usually for all the wrong reasons. The social media giant has been lambasted over its privacy practices, its seemingly anti-consumer stance and even an apparent […]
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Cryptocurrency exchange KuCoin announces trading pairs with Binance Coin, says it will support Binance Chain-based projects. Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19. KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) […]
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