Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin in the past few weeks. Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin, according to a Tweet from a senior employee October 15. As previously reported, the Ethereum (ETH) […]
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Crypto payment platform BitPay has started accepting stablecoins GUSD and USDC. U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services […]
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Prices rallied as anxious Tether investors converted to other cryptocurrencies, but will higher prices hold? Let’s watch the critical levels that will indicate a trend change. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you […]
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OKEx has announced new listings for four stablecoins: TrueUSD, USD Coin, Gemini Dollar, and Paxos Standard Token. The third top crypto exchange by market cap, OKEx, has recently announced the listings of four stablecoins at once, according to an official blog post published on Monday, Oct. 15. OKEx has added support for four stablecoins, including […]
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Tether has dropped over two percent before its historical trading range, as the wider crypto market sees a solid boost. Monday, Oct. 15: Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is “stablecoin” Tether (USDT), which has today lost […]
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Crypto exchange Bitfinex has temporarily suspended all fiat currency wire deposits for the Euro, USD, JPY and GBP, says they will resume “within a week.” Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. […]
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Crypto markets see a sharp decline, Bitcoin dipped below $6,300 with Ethereum nearing the $200 mark Wednesday, Oct. 10: Crypto markets have suffered a sharp decline within an hour, with Bitcoin (BTC) plunging below the $6,300 threshold, and the top altcoin Ethereum (ETH) nearly touching $200. According to CoinMarketCap, virtually all the top 100 cryptocurrencies […]
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An expert from the People’s Bank of China thinks the country has to study USD-backed cryptocurrencies and to launch its own yuan-backed stablecoin. The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the […]
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Sources have told Bloomberg that Puerto Rico’s Noble Bank has lost Tether and Bitfinex as clients and is looking for buyers. Puerto Rico’s Noble Bank International, which is known for reportedly opening accounts for USD-backed token Tether and crypto exchange Bitfinex, is allegedly searching for a buyer, Bloomberg reports Thursday, October 2. Citing an unnamed […]
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IBM has joined a number of competitors in developing a stablecoin pegged against the US dollar. Built on the Stellar Lumens (XLM) platform, Stronghold USD is an experiment designed to help banks and other financial institutions to process payments quickly and securely. The Stellar token was created in a partnership between IBM and the startup, […]
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