True USD TUSD

$1.02
Market Cap $ 203.177 MM (#32)
24h Volume $ 37.809 MM
Chg. 24h: 0.08%
Algo. score 2.9/5  (#624)
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True USD News

Loom Network Adds the Top-100 ERC-20 Tokens as Payment Options for PlasmaChain dApps

Earlier this week, the Loom Network (LOOM), a blockchain ecosystem for games and social applications, unveiled that it had added Binance Coin (BNB) as a payment method for PlasmaChain dApps. This announcement saw BNB surge significantly and just before the effect died down, LOOM announced that it had begun supporting all top-100 ERC-20 tokens on CoinMarketCap on PlasmaChain. The list includes six of the leading stablecoins. They are USDC, TUSD, DAI, PAX, GUSD, and EURS. This integration would increase the utility of the above stablecoins, giving them the potential to disrupt online payments. (KE)

a day ago

Holding your TrueUSD (TUSD) with our partners @NexoFinance e...

Holding your TrueUSD (TUSD) with our partners @NexoFinance earns you up to 6.5% annually. The interest compounds da… https://t.co/EQbqTPf1Hx

6 days ago

GBX-DAX listing stablecoins PAX, DAI, TUSD, USDC, and GUSD

CryptoNinjas The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has announced the addition of five stablecoins to its Digital Asset Exchange (GBX-DAX). Paxos (PAX), Maker (DAI), TrustToken (TUSD), USD Coin (USDC), and Gemini dollar (GUSD)... GBX-DAX listing stablecoins PAX, DAI, TUSD, USDC, and...

6 days ago

Earn Interest on TUSD and USDT with Nexo: - Up to 6.5% p.a....

Earn Interest on TUSD and USDT with Nexo: - Up to 6.5% p.a. compounding interest, paid out daily - Fully automated… https://t.co/Z5yzXOS1f5

6 days ago

TrueUSD Marks One-Year By Giving More Powers To Its Users

This week, TrueUSD, a stablecoin, marked one year since its launch. To mark this special day in style, the stablecoin made two significant moves that geared towards helping the The post TrueUSD Marks One-Year By Giving More Powers To Its Users appeared first on UseTheBitcoin.

10 days ago

Weekly roundup March 4 - March 8

This week provided a lot of interesting headlines in the crypto space while bitcoin still remained fairly indecisive. Catch up on the details! Bitcoin charts getting exciting again? Bitcoin’s price remained largely in the upper $3,000 range this week. It still appears unclear whether the asset has bottomed in price yet, or if the market is yet to see lower prices before an overall reversal to a bull trend. The low $4,000 range seems to be a difficult zone of resistance for BTC. It will be interesting to observe what will happen if price makes another run at that price zone. Read on Crypto Insider TrueUSD partners with Armanino, announces real-time stablecoin confirmation This week saw TrustToken, with its TrueUSD stablecoin, partner with top accounting firm Armanino, according to a press release given to Crypto Insider. This partnership will allow the public to see TrueUSD fund backing confirmation in real time. Armanino constructed a dashboard, which includes third-party validation, exclusively for TrustToken. The dashboard will help add transparency in confirming TrustToken funds. Read on Crypto Insider Coinbase transitions Neutrino team members out Coinbase recently acquired blockchain analytics company Neutrino. The acquisition sparked a negative reaction from the crypto community due to several of Neutrino’s top figures who previously worked for an entity called Hacking Team. Hacking Team allegedly has a checkered past regarding the building and selling of spyware, according to an article from Motherboard. In response to the Coinbase acquisition, the #DeleteCoinbase movement on Twitter received notable traction. In a March 4 blog post, Coinbase CEO Brian Armstrong wrote details of Coinbase’ decision to “transition out” Neutrino staff. “[T]hose who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase,” Armstrong wrote in his Coinbase blog post. Read on Crypto Insider Tron joins up with Tether to see USDT on Tron blockchain This week also saw Tether and Tron collaborate, as provided in a statement on Tether’s website. USDT will see development on Tron’s blockchain, in what will be called a TRC20-based USDT. “The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network,” Tether noted in its statement. CoinTelegraph’s article on the subject mentioned the new USDT asset should be introduced to Tron’s blockchain by quarter two of 2019. Read on Crypto Insider Binance Coin pumps, shows bear market strength Binance Coin (BNB) has shown amazing price strength lately, which says a lot during a bear market. At the time of Crypto Insider’s article on the subject, BNB only was down about 56% from its all-time high, which is an accomplishment in the current bear market. In a recent video, Crypto Bobby YouTube host Rob Paone related BNB’s gains to the Binance Launchpad. The Launchpad has hosted multiple new popular initial coin offerings (ICOs), with BNB as the only avenue to invest in such ICOs. Paone compared the current BNB situation with that of ether during 2017’s ICO boom. Back then, many ICOs were launched on Ethereum’s blockchain, with investors using ETH to invest in those ICOs. Paone posited a similar application might now be true of BNB token usage. Read on Crypto Insider Bitcoin mining sees growth after 19-month low For more than a year and a half, bitcoin has reportedly seen difficulty regarding mining revenue. A recent report from Diar, however, revealed an improvement in bitcoin’s mining gross margins. “The gross margins of the miners went down from 94% at the beginning of 2018, to 32% at the beginning of 2019. But in February, the gross margins rose up slightly to 39%,” Crypto Insider said based on Diar’s data. Bitmain reportedly also has seen possible increased mining interest according to certain product sales. Read on Crypto Insider Since last weeks roundup, Crypto Insider also posted an interview with Brickstring Tech, aka Patrick Miller, and wrote an article on crypto taxes. Additional articles from this week include a dive into shopping with Lightning Network and a look at AZ FundChain. The post Weekly roundup March 4 - March 8 appeared first on Crypto Insider.

10 days ago

Universal Protocol Alliance Launches Interest-Paying Stablecoin UPUSD

A consortium of blockchain companies including Bittrex International, Brave, Cred, and Bitgo is launching a new stablecoin. Universal Protocol Alliance’s Universal Dollar (UPUSD) is a dollar-pegged token whose holders will earn interest, just like a regular savings account. The consortium has announced ambitious plans to launch UPUSD in Africa and Latin America first, to attract “the next 100 million users into cryptocurrency.” Also read: Turkish Real Estate Agency Sells 9 Houses for BTC Crypto Assets That Pay Interest Are So Hot Right Now Competition for the USD ticker is fierce these days. In addition to TUSD, GUSD, and USDC, the stablecoin economy now has UPUSD. Universal Protocol’s stab at a stablecoin, developed with the backing of Bittrex International, Uphold, Brave, Cred, Blockchain at Berkeley, Bitgo, and Certik, is an ERC20 token that will allow its holders to earn interest for staking. In that respect, there are clear parallels to be made with Blockfi’s crypto interest account, which launched this week promising BTC and ETH holders 6 percent per year. Dan Schatt, president of Cred, told news.Bitcoin.com that UPUSD will pay quarterly interest as high as 10 percent annually. What distinguishes the Universal Dollar from the competition is the target market it’s designed for. Countries crippled by weakened national currency, such as Venezuela and Zimbabwe, will purportedly be among the first beneficiaries of UPUSD. The Universal Dollar stablecoin promises a “competitive annual rate of return” and it is anticipated that uptake will be particularly strong in countries with high inflation or limited access to traditional banking. Dan Schatt explained: Today, Uphold and Cred service hundreds of thousands of users in developing and high-inflation countries. Many Venezuelans use Cred’s service, looking for the same returns and stability as the rest of the world. The difference is they are in a country with a 10 million percent inflation rate. A Passive Income for Token-Holders The UP platform will enable users to lend their USD-pegged assets and earn interest via Uphold’s Cred Earn application. UPUSD will also be rolled out in developed countries, where it will permit users to store their digital assets on a 1:1 basis at FDIC-insured banks. The token will launch on March 8 on Uphold, whose UP platform has been praised by UPUSD backer Brendan Eich, co-founder of Brave, for its “usability and familiarity.” The platform incorporates a number of features designed to enhance its user-friendliness, particularly to non-technical users who may be new to cryptocurrencies. This includes key recovery, using a 2-of-3 private key-sharing system that will enable the wallet owner and one of their approved third parties to restore a lost wallet. Users can also delegate control over their assets to a third party such as a centralized exchange for temporary trading, before taking back custody of the funds and restoring them to their personal wallet. The development of UPUSD is the latest example of crypto assets taking on the form and features of the legacy financial system that they were originally designed to leave behind. What are your thoughts on interest-paying cryptocurrency accounts? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Universal Protocol Alliance Launches Interest-Paying Stablecoin UPUSD appeared first on Bitcoin News.

10 days ago

TrustToken to Allow Real-Time Monitoring of TrueUSD Stablecoin

TrustToken platform announced in a blog post that they would enable real-time monitoring of TrueUSD's balances starting from April. The platform is launching a real-time dashboard of the dollar-pegged stable coin funds in a partnership with an accounting company Armanino.TrustToken aims to provide better transparency, advancing reporting “from months to minutes.” Noah Buxton, Director of Risk Assurance & Advisory at Armanino believes “continuous assurance and audit is no longer a far-off future, but rather an imminent reality, ”said Rafael Cosman, TrustToken’s co-founder and Head of Engineering and Product. Plus, TrustToken has also lowered the minimum TrueUSD purchase and redemption from $10,000 to $1,000. At the press time, TrueUSD is trading at $1.01, down 0.35% in the past 24 hours. (RL)

11 days ago

TrustToken Announces Real-Time TrueUSD Fund Monitoring and 1-Click Redemptions

TrustToken, the company behind TrueUSD (TUSD), a dollar-pegged stablecoin, announced on Tuesday that it has formed a partnership with Armanino, a top-25 independent accounting firm, to develop a new real-time dashboard for TrueUSD fund verification and collateralization. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard

12 days ago

TrustToken Announces Real-Time TrueUSD Collateral Monitoring and 1-Click Redemptions

TrustToken, the company behind TrueUSD (TUSD), a dollar-pegged stablecoin, announced on Tuesday that it has formed a partnership with Armanino, a top-25 independent accounting firm, to develop a new real-time dashboard for TrueUSD verification and collateralization. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard will

12 days ago

TrustToken Announces Real-Time TrueUSD (TUSD) Monitoring and 1-Click Redemptions

TrustToken, the company behind TrueUSD (TUSD), a dollar-pegged stablecoin, announced on Tuesday that it has formed a partnership with Armanino, a top-25 independent accounting firm, to develop a new real-time dashboard for TrueUSD verification and collateralization. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard will

12 days ago

Cryptopia Goes Live with Pre-Hack User Balances Held

Troubled New Zealand exchange Cryptopia has relaunched its website, albeit in a read-only format, and has also restored user balances to the pre-hacked state. The initial relaunch date was announced last week on 4 March, but Cryptopia had to delay the relaunch for technical reasons. Update: The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards. — Cryptopia Exchange (@Cryptopia_NZ) March 5, 2019 Reeling from the USD 16 million hack back in mid-January, crypto exchange Cryptopia has been closed for all visitors and in maintenance mode for nearly two months. The New Zealand Police department reported that the cryptocurrency exchange was ready to resume operations on 13 February. However, soon after that, Cryptopia admitted that it was not prepared to resume trading until they can fully assess their losses, investigate the hack, and ensure that necessary steps are taken to avoid any mishaps in the future. In another series of Tweets, Cryptopia confirmed that they would be using the customer balance state as of 14 January to further calculate the rebates. Although only minimal details are currently available, the exchange reported that they would be finalizing a rebate and compensation process for the users affected by the fiasco. For now, all Cryptopia users have been advised to reset their passwords and employ two-factor authentication credentials. According to reports by New York-headquartered boutique firm Elementus on the severity of the attack, over USD 16 million worth of Ether and ERC20 tokens were stolen by the hackers. That included USD 2.446 million in Dentacoin, USD 3.57 million in ETH, USD 1.948 million in Oyster Pearl, and other prominent tokens such as Sirin Labs, ZRX, TrueUSD, OmiseGO, and Augur’s REP. The initial reports of the hack emerged in the middle of January but investigations revealed that hackers were still siphoning out crypto from the exchange even two weeks later. The company didn’t announce the date when it would completely reopen its services, but did report that about 24% of all wallets had been moved to new secure servers. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: pixabay.com The post Cryptopia Goes Live with Pre-Hack User Balances Held appeared first on BitcoinNews.com.

12 days ago

Daily Berminal Brief: EY Launches Tool For Calculating Crypto Taxes, And TUSD Adds Real-Time Monitor Of Dollar Backing

The State of The Market - March 6, 2019 BTC: $3,892.93 (+1.37%) ETH: $138.39 (+3.63%) XRP: $0.314496 (+0.72%) The market continued to make small gains after yesterday's surge, adding nearly $1.5 Billion to the total market cap in the last 24 hours. Bitcoin tried to push past $3,900 on three different instances and failed. However, there is enough volume in the market to make it happen later today. All of the top 10 cryptocurrencies are flashing green right now, and Litecoin (LTC) is up by nearly 7.5%. In other news, according to Sui Chung, Crypto Facilities' head of indices and pricing products, the trading volume has gone up by 500% after the acquisition by Kraken. Crypto Facilities offers five different products and the total volume reached nearly $1 Billion for the month of February. Also, the Nova Scotia Supreme Court granted QuadrigaCX a 45-day extension to continue searching for nearly $140 million in missing cryptocurrencies. Judge Michael Wood said that he would approve the stay of proceedings until the next scheduled hearing on April 18. Until this date, creditors cannot sue the exchange until the stay expires or is lifted by the Nova Scotia Supreme Court. 1) Ernst & Young (EY), one of the Big-Four consulting firms has launched a new tool for cryptocurrency traders to calculate taxes. Called EY Crypto-Asset Accounting and Tax (CAAT), it is geared towards US customers to prepare Internal Revenue Service (IRS) tax returns related to crypto assets. CAAT can pull information from most exchanges and automatically produce various reports. Both institutions and individuals can use the product. EY claims that it built the product because it saw significant growth in the number of customers who trade and hold cryptocurrencies. 2) TrustToken, the company behind the TrueUSD (TUSD) regulated stablecoin, recently announced that its clients will be able to monitor TUSD in real-time. The new feature is the result of a partnership with accounting firm Armanino, which built a dashboard that provides a real-time, third-party managed view of all TUSD in circulation and their collateralized fiat funds. Armanino achieved this by running Ethereum nodes to monitor TUSD supply and the firm has also connected with the escrow bank accounts holding TrustToken's U.S dollar collateral. TrustToken cofounder Rafael Cosman said the monitoring feature "sets a new standard not only for stablecoins but for all tokenized assets in the future." The 'dashboard' feature is scheduled to launch in early April and TrustToken said it will be open for anyone wishing to access. TrustToken also announced that is had reduced the minimum TUSD purchase and redemption amount to $1,000. 3) French retail giant Carrefour has revealed that it has deployed blockchain technology to track the supply chain of milk products. The company is slowly rolling out its new product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL guarantees that consumers can track the entire supply chain of their product. Consumers can get information such as the GPS coordinates for the farm from which the milk was acquired, the date it was acquired, and the date it was packed. This is not the first time that Carrefour is venturing into blockchain. Late last year, Carrefour launched a blockchain product to track free-range chickens in Spain. It is also a part of IBM's blockchain food tracking network called Food Trust. (VS)

12 days ago

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest number of on-chain transactions, despite comprising one of the smallest stablecoins by market capitalization, with $78.27 million. Over the five-day period sampled by Tradeblock, 10,079 onchain DAI transactions were conducted. Tradeblock attributes DAI’s relatively large onchain volume to its widespread adoption among decentralized exchanges (DEXs). The report estimates that 350 transactions take place onchain daily, adding that “the Makerdao team behind the DAI token estimates that 50% of the total daily DAI value transferred is occurring on DEXs.” Offchain Transactions Minimal for USDC, PAX and GUSD By contrast, despite USDC’s $257.58 million market cap, only 5,041 onchain transactions occurred during the same five-day period. Similarly, only 2,200 transactions were recorded using PAX, in spite of the crypto asset’s nearly $116.35 million capitalization. GUSD also saw a modest number of onchain transactions during the sample period, despite an $81.95 million market cap. Just 1,170 transfers were transferred using the GUSD blockchain. Stablecoins Saw Significant Decline in Trade Volume Across US Exchanges in 2018 Tradeblock identifies a dramatic decline in year-over-year notional trade volume of BTC pairings with USDC, TUSD, USDT, and PAX across United States-based cryptocurrency exchanges. While January saw notional year-over-year volume fluctuate between $150 and $250 million, the combined trade activity of stablecoins on U.S. exchanges has been less than $50 million since May 2018, with XBT/USD volume falling by 85 percent from January 2018’s within 10 months. Despite the enormous decline in volume during 2018, recent market action has driven a significant gain in notional year-over-year trade volume since bottoming out below $5 million at the end of Oct. 2018, with the combined trade activity for stablecoins on U.S. exchanges gaining more than 600 percent between Nov. 12 and Nov. 26 of last year. However, stablecoin trade has since receded, with combined notional year-over-year volume again approaching $5 million towards the end of January 2019. Do you think that the popularity of stablecoins will diminish or grow with time? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume appeared first on Bitcoin News.

12 days ago

TrustToken to allow real-time monitoring of TrueUSD stablecoin

Starting from April, TrustToken platform will enable real-time monitoring of TrueUSD's balances, the company announced in a blog post. The platform is launching a real-time dashboard of the dollar-pegged stablecoin funds in a partnership with an accounting company Armanino. TrustToken aims to provide better transparency, advancing reporting “from months to minutes.” Noah Buxton, Director of Risk Assurance & Advisory at Armanino believes “continuous assurance and audit is no longer a far-off future, but rather an imminent reality.” “Over the past year, we have learned the value of trust and transparency for the success of TrueUSD,” said Rafael Cosman, TrustToken’s co-founder and Head of Engineering and Product. “With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” TrustToken has also lowered the minimum TrueUSD purchase and redemption from $10,000 to $1,000. Moreover, verified users will be able to benefit from 1-click redemptions—they’ll be able to send their TrueUSD to their personal redemption address and get U.S. dollars back on their bank account via a wire transfer.

12 days ago

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

CoinSpeaker TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time TrustToken, a relatively new blockchain startup, has decided to celebrate the one-year anniversary of its stable coin TrueUSD with a set of new standards for it. The company has added real-time confirmation of funds, which means TrueUSD traders will be able to view a real-time dashboard of TrueUSD funds. To make this effort, TrustToken has partnered with Armanino, one of the top 25 largest independent accounting companies. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard will be launching in April. https://t.co/DyQMdmAxT2 — TrustToken (@TrustToken) March 5, 2019 According to TrustToken, the real-time dashboard providing the new feature has been developed independently by Armanino. It will provide third-party confirmation and run their own Ethereum nodes to ensure accurate TUSD token supply, with TrustToken acting as an exclusive client. This adds transparency to the market regarding TrueUSD funds. Rafael Cosman, the TrustToken co-founder, stated: “We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products.This sets a new standard not only for stablecoins, but for all tokenized assets in the future. With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” He added: “TrustToken built the infrastructure and the process that all other competitors are now using or attempting to emulate. This process set the standard for monthly attestations. We think that the new standard should move towards full transparency of the underlying funds, which means that users can view the real balance of the funds that collateralize TrueUSD in real time.” Noah Buxton, Director of Risk Assurance & Advisory at Armanino, believes that TrustToken is an ideal partner for them: “We believe continuous assurance and audit is no longer a far-off future, but rather an imminent reality.” The companies promise to launch the dashboard by early April. Other TrustToken Innovations Other novelties introduced by TrustToken include reducing the minimum TrueUSD purchase and redemption amount to $1,000 and launching a 1-click redemption process that enables verified users to send TrueUSD tokens to their personal redemption address from any wallet, as US dollars are automatically wired to their bank account. Stablecoins have been a hot topic for discussion. One of the most talked about stablecoin is Tether (USDT) that has recently been audited to bring some clarity regarding the actual dollar supply backing each token. To solve the issue of such unawareness, Armanino developed its dashboard. TrueUSD tokens will be easily confirmed, and users will feel safe knowing the number of assets held in collateral by TrustToken and the scope of balances across the network. Rafael Cosman said: “The balances of TrueUSD funds in the escrow account (also not controlled by TrueUSD) and TUSD tokens in circulation always match 1-for-1.” He further explained: “To do this, Armanino runs their own Eth node to directly connect information from the blockchain to the actual funds in the bank account. The current process that all major regulated stablecoins use is to go through this process one time per month. The new dashboard will provide updates in minutes, not weeks or months.” Cosman concluded: “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability. TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds.” With this initiative, TrueUSD is the first stablecoin that offers such an opportunity. About TrueUSD TrueUSD is a blockchain-based stablecoin backed 1-for-1 with US Dollars. TrueUSD offers token-holders full collateral, regular attestations of escrowed balances, and legal protections against misappropriation of underlying USD. It is listed on multiple exchanges including Binance, OKEx, DigiFinex, Bittrex, and Huobi. Recently, a new smart contract for TrueUSD has been launched. Moreover, TrustToken released AutoSweep feature to let exchanges create unique TUSD deposit addresses to be automatically settled into a primary wallet. AutoSweep is expected to revolutionize the way of managing user addresses for exchanges. TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

12 days ago

New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets

A new partnership between TrueUSD and audit firm Armanino enables traders to conduct instant audits of the token’s backing

13 days ago

Tron joins up with Tether to see USDT on Tron blockchain

In continued growth during the bear market, Tron and Tether have announced collaboration. Tether’s USDT will see introduction onto Tron’s blockchain. Tether provided details in a statement on its website, calling the Tron blockchain-based asset a “TRC20-based USDT,” similar in name to ethereum-based ERC20 tokens. Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain. Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6 — Tether (@Tether_to) March 4, 2019 “The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network,” the statement explained. Tether CEO Jean-Louis der Velde has said the following: “We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.” According to CoinTelegraph’s coverage of the news, USDT should see introduction onto Tron’s blockchain by this year’s second quarter. USDT on multiple blockchains already The statement from Tether noted its operation (Tether) originally saw inception in 2014, and has utilized “Bitcoin-based USDTether issued via the Omni Layer Protocol,” as well as the mentioned ethereum-based ERC20 variety. As of October 2018, data from BlockSpur showed the mentioned Omni Layer Protocol held roughly 2.5 billion Tether. According to Etherscan, roughly 60 million USDT currently exist in the ERC20 variety. Tether’s past Tether has received significant scrutiny over the past couple of years due to allegations of insolvency. However, no conclusive evidence has come to light proving such allegations. In an odd turn of events back in October 2018, Crypto Insider reported on bitcoin’s exchange-specific rally to $7,000. In the same time period, USDT dropped significantly in price, which is not technically a norm as far as stablecoins are concerned. An article from Bloomberg in December 2018, however, seemed to reveal some positive information on Tether’s U.S. dollar backing. Stablecoin mania Stablecoins have been a hot topic in the crypto space lately, with many projects looking to prove their clout. Exchanges have even begun listing several different stablecoin options. On March 5, 2019, Crypto Insider also reported on new features from TruUSD (TUSD). The project announced a partnership with top accounting firm Armanino. Through the partnership, the public will be able to see real-time TUSD fund backing confirmation. The post Tron joins up with Tether to see USDT on Tron blockchain appeared first on Crypto Insider.

13 days ago

TrueUSD set the standards for #stablecoins in 2018...we are ...

TrueUSD set the standards for #stablecoins in 2018...we are excited to be setting the new standards for the… https://t.co/WSNliArN6c

13 days ago

$200 Million Crypto Stablecoin TrueUSD Launches Instant Fiat Redemption

TrueUSD celebrated its first birthday on Tuesday, and the $200 million USD-pegged cryptocurrency stablecoin commemorated the occasion with two major announcements that could help buttress it as it seeks to supplant $2 billion Tether (USDT) as the market’s leading stablecoin. Stablecoin to Provide Real-Time Accounting First, TrueUSD unveiled a partnership with Armanino, one of the 25 largest independent accounting firms in the US. The result for TUSD users is real-time transparency of the global supply of the stablecoin. The feature will be available in April. Rather than a monthly or quarterly report, as is common in stablecoins these days, users The post $200 Million Crypto Stablecoin TrueUSD Launches Instant Fiat Redemption appeared first on CCN

13 days ago

TrueUSD Stablecoin will Add 'Real Time' Monitoring of Dollar Backing

TrustToken, the company behind the TrueUSD (TUSD) regulated stablecoin, recently announced that its clients will be able to monitor TUSD in real-time. The new feature is the result of a partnership with accounting firm Armanino, which built a dashboard that provides a real-time, third-party managed view of all TUSD in circulation and their collateralized fiat funds. Armanino achieved this by running Ethereum nodes to monitor TUSD supply and the firm has also connected with the escrow bank accounts holding TrustToken’s U.S dollar collateral. TrustToken cofounder Rafael Cosman said the monitoring feature “sets a new standard not only for stablecoins but for all tokenized assets in the future.” The ‘dashboard’ feature is scheduled to launch in early April and TrustToken said it will be open for anyone wishing to access. TrustToken also announced that is had reduced the minimum TUSD purchase and redemption amount to $1,000. (RS)

13 days ago

TrueUSD partners with Armanino, announces real-time stablecoin confirmation

The past several months have seen many different stablecoins hit media headlines. Adding to the already competitive stablecoin space, TrustToken has announced a partnership with a top accounting business to provide new capabilities. A new method of trust According to a press release submitted to Crypto Insider, TrustToken, with its TrueUSD (TUSD) stablecoin, has partnered with top accounting business Armanino to provide real-time stablecoin confirmation. Noted on Armanino’s website, the firm is “one of the top 25 largest independent accounting and business consulting firm[s] in the United States.” Armanino independently built a “real-time dashboard”, which integrates third-party validation, for exclusive use by TrustToken, the press release said. Essentially, the dashboard should provide added transparency to the market regarding TrueUSD funds. Stablecoin backing has been a hot topic in crypto. Tether’s USDT stablecoin, for example, has seen significant scrutiny over past months due to lack of clarity regarding the actual dollar supply reportedly backing each token. Armanino’s dashboard aims to solve this issue, allowing for fast confirmation of TrueUSD funds. Rafael Cosman, co-founder and head of engineering and product at TrustToken, explained via email correspondence with Crypto Insider, that Armanino verifies “that the balances of TrueUSD funds in the escrow account (also not controlled by TrueUSD) and TUSD tokens in circulation always match 1-for-1.”. Through providing users access to check the backed funds creates a true real-time stablecoin confirmation that may be checked anytime. Cosman continued to explain further: “To do this, Armanino runs their own Eth node to directly connect information from the blockchain to the actual funds in the bank account. The current process that all major regulated stablecoins use is to go through this process one time per month. The new dashboard will provide updates in minutes, not weeks or months.” This dashboard should see a public launch by early April, the press release said, giving the public the ability to see TrueUSD amounts and collateral on Armanino’s website. In the mentioned email correspondence, Cosman spoke on TrustToken’s previous methods comparative to the market. “TrustToken built the infrastructure and the process that all other competitors are now using or attempting to emulate,” he said. “This process set the standard for monthly attestations. We think that the new standard should move towards full transparency of the underlying funds, which means that users can view the real balance of the funds that collateralize TrueUSD in real time.” Cosman also stated the importance of trust in the process. “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability. TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds,” Cosman added in the correspondence. Armanino’s director of risk assurance and advisory Noah Buxton sees TrustToken as an established player in the market. “With their proven track record and pioneering mindset, we see TrustToken as the perfect client partnership to drive innovation in the crypto and accounting industries,” Buxton said in the press release. Lower minimums TrustToken also is announcing a lower redemption and purchase minimum, from $10,000 to $1,000, Cosman said in email correspondence. Former $10,000 requirements stemmed from banking and other partnership abilities. “We have spearheaded the infrastructure that connects any real-world asset to the blockchain, something that banks and trust companies had never dealt with in the past,” he said. Although, through TrustToken’s efforts, the level has been lowered to $1,000, with the company looking to potentially remove these minimum requirements on the whole in the future. The post TrueUSD partners with Armanino, announces real-time stablecoin confirmation appeared first on Crypto Insider.

13 days ago

TrustToken Announces Real-Time Confirmation Of Funds And 1-Click Redemptions For TrueUSD

TrustToken introduced the next generation of legal and technical standards for stablecoins, including 1-click redemptions, $1k minimum for purchases/redemptions, and a real-time dashboard to verify TrueUSD funds. San Francisco, CA - March 5th, 2019, TrustToken announced new standards for fiat-backed stablecoins as it celebrates the one year anniversary of TrueUSD, a regulated stablecoin fully redeemable for USD. Through a new partnership with Armanino, a top 25 independent accounting firm, TrueUSD traders will be able to view a real-time dashboard of TrueUSD funds, advancing transparency from months to minutes. The real-time dashboard has been built independently by Armanino and will provide third-party confirmation, with TrustToken as an exclusive client. “With their proven track record and pioneering mindset, we see TrustToken as the perfect client partnership to drive innovation in the crypto and accounting industries,” said Noah Buxton, Director of Risk Assurance & Advisory at Armanino. “We believe continuous assurance and audit is no longer a far-off future, but rather an imminent reality.” The dashboard is set to be open to the public by early April, allowing anyone to monitor TrueUSD token balances and collateralized funds on the Armanino website. Armanino connects directly with to third-party escrow accounts holding the US dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply. “We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products. This sets a new standard not only for stablecoins, but for all tokenized assets in the future,” said Rafael Cosman, Co-founder and Head of Engineering and Product at TrustToken. “Over the past year, we have learned the value of trust and transparency for the success of TrueUSD. With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” In addition to announcing real-time confirmation of funds, TrustToken has lowered the minimum TrueUSD purchase and redemption amount to $1,000 and launched a unique 1-click redemption process. With 1-click redemptions, verified users send TUSD tokens to their personal redemption address from any wallet and US dollars are automatically wired to their bank account. This process makes it significantly easier to redeem TrueUSD directly from exchanges, which is not possible with any other stablecoin on the market. 1-click redemptions can be fully automated for trading desks to remove manual entry. With these updates, traders can have even more trust in the ability to quickly and automatically redeem their TrueUSD for US dollars. About TrustToken TrustToken is creating a more efficient and inclusive global financial system by digitizing assets that can be seamlessly and securely exchanged across liquid markets worldwide. TrueUSD [TUSD], a stablecoin redeemable 1-for-1 for U.S. dollars and the industry’s pioneer in using third-party trust companies and independent accounting firms, is the first product on TrustToken’s platform. TUSD offers the transparency, liquidity and redeemability required in the crypto- economy, and it has the most traded of all fully-collateralized and independently validated stablecoins. TUSD is listed on more crypto-exchanges - including Binance, OKEx, DigiFinex, Bittrex and Huobi - than any other product in its asset class. For more information, visit www.trusttoken.com. About Armanino: Armanino is one of the top 25 largest independent accounting and business consulting firms in the United States. Armanino has been in business since 1953, and is a nationwide leader in serving privately-held companies, as well as, non-profit organizations and public entities. We have provided audit, tax, and consulting services to crypto-native companies and exchanges since 2013. We provide five main areas of service - Audit, Risk Assurance & Advisory, Tax, Consulting and Business management. We also have a dedicated team that services our blockchain and crypto clients. Media contact: David Steinrueck Marketing Communications Manager, TrustToken Email: david@trusttoken.com Cell: 209-592-7043

13 days ago

TrueUSD Stablecoin to Add ‘Real Time’ Monitoring of Dollar Backing

TrustToken has announced a new partnership that it says will allow a "real-time" view of the U.S. dollars backing its TrueUSD token.

13 days ago

You Can Soon Check TrueUSD Reserves In Real Time

Tether may still be the stablecoin standard, but it has rivals in the race for transparency. TrustToken is celebrating the one-year anniversary of TrueUSD with a set of new standards for the third-largest stablecoin—including the ability to verify dollar reserves in real time. TrustToken announced the new standards in a joint press release with its new accounting partner, Armanino. “TrueUSD traders will be able to view a real-time dashboard of TrueUSD funds,” the partners said, thereby “advancing transparency from months to minutes.” TrueUSD is not the first stablecoin to promise transparent accounts. The past year has seen a flood of new ERC-20 stablecoins, including Gemini USD and Circle USD, promising regular audits of their dollar reserves; even Tether’s (USDT) white paper calls for regular verification of the company’s balances. But the latest offering is likely to put TrueUSD ahead, at least when it comes to the frequency of its attestations. Instead of a monthly tally, TUSD’s dollar reserves can now be confirmed in real time, 24 hours a day, through a dashboard on Armanino’s website. “We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products,” said Rafael Cosman, Co-founder and Head of Engineering and Product at TrustToken. “This sets a new standard not only for stablecoins, but for all tokenized assets in the future.” Cosman added, “With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” Lowering the Bar for Fiat Withdrawals TrustToken is also reducing the threshold for redeeming TUSD for fiat currency. Until recently, exchanging TrueUSD for dollars took over twenty hours through TrustToken’s banking partners, and could only be withdrawn in amounts larger than $10,000. TrustToken has now reduced that threshold to $1,000, and withdrawals can be initiated with a single click. TrustToken says: “With 1-click redemptions, verified users send TUSD tokens to their personal redemption address from any wallet and US dollars are automatically wired to their bank account. This process makes it significantly easier to redeem TrueUSD directly from exchanges, which is not possible with any other stablecoin on the market.” Although formerly the second-largest stablecoin after Tether, TrueUSD has since been eclipsed by Circle, the favored stablecoin for Coinbase. Other exchanges have also joined the race with their own dollar tokens. However, TrustToken’s executives say their token still has unique advantages. “As a stablecoin that is not tied to any one exchange, we are on the side of the trader at all times,” explained David Steinrueck, TrustToken’s Marketing and Communications Manager, in an email to Crypto Briefing. “Being exchange agnostic means that our entire team is entirely committed to increasing trust and transparency with our users.” TrustToken was the first stablecoin issuer with monthly attestations of its reserves, Steinrueck said, emphasizing the company’s commitment to setting the bar for other providers. “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability,” Steinrueck added. “TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds.” CB TickerYou Can Soon Check TrueUSD Reserves In Real TimeVideo: Is TRON Getting Hitched?Two Percent Of All Ether Now Locked In Maker ContractsA Unicorn in the Making: VoguePay Is Making Payments Easier In NigeriaFormer ETCDev Member: Ethereum Could Threaten Ethereum ClassicTRON To Integrate Tether StablecoinCrypto Down $5bn: Why The Sell-Off?U.S. Marshals REKT: Seized Bitcoin Would Now Be Worth $500MBitMEX Denies Selling User DataConsenSys’ PegaSys Team Launches Pantheon Enterprise Ethereum ClientLitecoin Plays For K-Pop FansRenewable Energy Keeps Bitcoin Miners AfloatVideo: Can Evolution Bring Dash To The Top?Holo, Enterprise: Holochain Seeks More Business ApplicationsSoFi To Add Crypto To Fintech Offerings The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post You Can Soon Check TrueUSD Reserves In Real Time appeared first on Crypto Briefing.

13 days ago

You Can Now Check TrueUSD Reserves in Real Time

Tether may still be the stablecoin standard, but it has rivals in the race for transparency. TrustToken is celebrating the one-year anniversary of TrueUSD with a set of new standards for the third-largest stablecoin—including the ability to verify dollar reserves in real time. TrustToken announced the new standards in a joint press release with its new accounting partner, Armanino. “TrueUSD traders will be able to view a real-time dashboard of TrueUSD funds,” the partners said, thereby “advancing transparency from months to minutes.” TrueUSD is not the first stablecoin to promise transparent accounts. The past year has seen a flood of new ERC-20 stablecoins, including Gemini USD and Circle USD, promising regular audits of their dollar reserves; even Tether’s (USDT) white paper calls for regular verification of the company’s balances. But the latest offering is likely to put TrueUSD ahead, at least when it comes to the frequency of its attestations. Instead of a monthly tally, TUSD’s dollar reserves can now be confirmed in real time, 24 hours a day, through a dashboard on Armanino’s website. “We are thrilled to be working with Armanino to offer traders the highest degree of trust in our products,” said Rafael Cosman, Co-founder and Head of Engineering and Product at TrustToken. “This sets a new standard not only for stablecoins, but for all tokenized assets in the future.” Cosman added, “With real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.” Lowering the Bar for Fiat Withdrawals TrustToken is also reducing the threshold for redeeming TUSD for fiat currency. Until recently, exchanging TrueUSD for dollars took over twenty hours through TrustToken’s banking partners, and could only be withdrawn in amounts larger than $10,000. TrustToken has now reduced that threshold to $1,000, and withdrawals can be initiated with a single click. TrustToken says: “With 1-click redemptions, verified users send TUSD tokens to their personal redemption address from any wallet and US dollars are automatically wired to their bank account. This process makes it significantly easier to redeem TrueUSD directly from exchanges, which is not possible with any other stablecoin on the market.” Although formerly the second-largest stablecoin after Tether, TrueUSD has since been eclipsed by Circle, the favored stablecoin for Coinbase. Other exchanges have also joined the race with their own dollar tokens. However, TrustToken’s executives say their token still has unique advantages. “As a stablecoin that is not tied to any one exchange, we are on the side of the trader at all times,” explained David Steinrueck, TrustToken’s Marketing and Communications Manager, in an email to Crypto Briefing. “Being exchange agnostic means that our entire team is entirely committed to increasing trust and transparency with our users.” TrustToken was the first stablecoin issuer with monthly attestations of its reserves, Steinrueck said, emphasizing the company’s commitment to setting the bar for other providers. “Redeemability and the knowledge that the funds are actually backing up the token is what leads to price stability,” Steinrueck added. “TrueUSD has been the most price-stable regulated stablecoin on the market, and we attribute this to the trust that our users have in the product and the underlying funds.” CB TickerYou Can Now Check TrueUSD Reserves in Real TimeVideo: Is TRON Getting Hitched?Two Percent Of All Ether Now Locked In Maker ContractsA Unicorn in the Making: VoguePay Is Making Payments Easier In NigeriaFormer ETCDev Member: Ethereum Could Threaten Ethereum ClassicTRON To Integrate Tether StablecoinCrypto Down $5bn: Why The Sell-Off?U.S. Marshals REKT: Seized Bitcoin Would Now Be Worth $500MBitMEX Denies Selling User DataConsenSys’ PegaSys Team Launches Pantheon Enterprise Ethereum ClientLitecoin Plays For K-Pop FansRenewable Energy Keeps Bitcoin Miners AfloatVideo: Can Evolution Bring Dash To The Top?Holo, Enterprise: Holochain Seeks More Business ApplicationsSoFi To Add Crypto To Fintech Offerings The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post You Can Now Check TrueUSD Reserves in Real Time appeared first on Crypto Briefing.

13 days ago

BBOD Review: The ‘Next-Generation’ High-Speed Cryptocurrency Futures Trading Platform

Blockchain Board of Derivatives (BBOD) is a hybrid and semi-decentralized trading platform for cryptocurrency futures. Announced on Dec. 8, 2018, the exchange allows stablecoin deposits and does not control or store clients’ crypto holdings. After several months of hard work, the BBOD trading platform testnet is now live with the mainnet expected to go live soon. BBOD Key Features BBOD is a cryptocurrency futures trading platform that has stablecoin deposits, non-custodial accounts, margin available, and more. We take at some of these key benefits in more detail below. Bitcoin and Altcoin Trading With up to 50x Leverage The trading platform allows users to buy and sell futures contracts on 16 digital assets. That includes Bitcoin, Ethereum, Ripple, EOS, Binance, Litecoin, Stellar, Cardano, IOTA, Monero, NEM, ICON, Elastos, Decred, Digibyte, and TUSD. All trading contracts are denoted against the stablecoin TrueUSD (TUSD). Many traders will find this advantageous over the other crypto futures trading platforms that all currently use Bitcoin as the settlement currency. In total, BBOD gives traders access to more than 100 different cryptocurrency contracts and the opportunity to profit from both rising and declining prices. Screenshot of the BBOD crypto futures trading platform Stablecoin Deposits The stablecoin TUSD is used to denominate all the profits, losses, and account balances. This stabilizes profits and removes the substantial exchange rate risk that arises from using highly volatile cryptocurrencies such as Bitcoin and Ethereum. Non-custodial Accounts This is a very important feature because it focuses on security and traders’ peace of mind. BBOD will not store users crypto holdings on the platform, but will instead create users their own personal smart contract wallet stored on the Ethereum blockchain network. This means that users store and manage their own private keys. The safety of cryptocurrency exchanges has been in the spotlight recently due to exchange scandals involving private keys and user funds. The industry is moving into an era where users need to have more control of their own crypto holdings instead of surrendering it to exchanges that are constantly targeted by hackers with nefarious intentions. Source: BBOD.io No KYC The platform supports anonymous trading as there is no Know-Your-Customer (KYC) procedure required. Users just need to sign on the platform using their email addresses and immediately start trading. High-performance Matching Engine The exchange has a high-performance engine that can perform up to 1.25 million messages per second. The engine is known for its low latency and high capacity. Trades are executed immediately on an off-chain ledger so users do not have to wait for the blockchain to confirm transactions. Blockchain Settlement The exchange supports on-chain settlements. The smart contract account balances of the users are updated once a day on the blockchain. The conditions for the update are programmed into the smart contract. The on-chain settlements have some of the traditional advantages of a blockchain: Transparency - messages are publicly broadcasted so that everyone can see them Unchangeable - the data cannot be altered once it has been entered Fully autonomous Secure - the update process uses mathematical properties of settlement vectors to keep hackers out Transactions on the blockchain are known for being slow and second-layer solutions are being developed to minimize the waiting time. Trading on BBOD is confirmed on the exchange’s servers and sent to the blockchain for settlement only once a day. As a result, there is no need to wait for the blockchain to confirm the trades on the platform. BBD Token The native token on the BBOD ecosystem is the BBD token. It is an ERC20 token issued on Ethereum, a pioneer in blockchain smart contracts. BBD is a utility token with several core utility functions including: All trading fees on the BBOD exchange can be paid in BBD Discounts for trading fees Participate in BBD giveaways under the BBOD lottery system Take part in trading competitions Pay for trading strategy courses Buy or rent algorithmic trading bots The total supply for BBD tokens is 117,382,569 and the maximum supply is 275,803,582. The BBOD team says that the total token supply is less than the maximum supply because of a token migration carried out in 2018. According to BBOD: “BBD token-holders migrated the tokens from the old contract address to the current contact address. As a result, BBD token-holders received additional BBD tokens. The split ratio was 100-for-1.” The exchange plans to organize BBOD Lottery events on weekly basis. This exposes the platform users to attractive rewards. The distribution of the BBOD token is very concentrated with the top 5 holders accounting for 70.34 percent of the token supply. Registering and Trading on BBOD Exchange The registration is smooth as it does not involve KYC procedures. Users only need to have

13 days ago

Hacked Crypto Startup Cryptopia To Open Its Doors Again, First Through “Read Only” Site

Cryptopia To Launch “Read Only” Site The day has finally arrived. At long, long last, Cryptopia, an altcoin-centric exchange has revealed that it will be reopening its doors. Or in some capacity (not full), at least. The New Zealand-headquartered exchange, hacked approximately six weeks ago for reported millions in an array of crypto assets, took to Twitter to give information on this subject matter just recently. According to the recent update from the firm, who has presumably got clearance from Christchurch authorities and other officials to restart its platform, a “read-only” version of the site will go live sometime today. This site, which will have trading, deposits, and withdrawals disabled, will show balances dated to January 14th, 2019, days before the hack. The read only site will be live today, it will show balances as at 14th Jan 2019. Please use this site to reset passwords and 2FA credentials. We are finalising a rebate process for affected users, more details to follow. Thank you for your support during the last few weeks. — Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019 Cryptopia intends this version of its site to allow users to reset passwords and their two-factor authentication credentials/details. Interestingly, the company didn’t divulge when it would totally reopen its services, but it did note that 24% of all wallets under its custody have been transitioned to new secure servers. How Much Crypto Was Lost, And What’s Next? That’s the question that remains on the minds of all Cryptopia users, now creditors to the exchange. Well, as reported by Ethereum World News previously, the company divulged that a “worst case 9.4%” of its holdings were stolen in the hack, meaning that a majority of the cold wallets were left untouched in this imbroglio. But interestingly, the exact dollar value of the crypto funds was not divulged. However, blockchain analytics group Elementus picked up where the hacked platform was slacking. Per previous reports, Elementus, a New York-headquartered boutique, compiled an in-depth report on the matter that outlined the severity of the attack. The firm’s researchers concluded that over $16 million U.S. dollars worth of Ethereum and ERC20 tokens were stolen by the attackers. $3.57 million of the sum was in ETH, $2.446 million in Dentacoin, $1.948 million in Oyster Pearl, and the list goes on. Other prominent tokens, including TrueUSD, OmiseGO, Sirin Labs, ZRX, and Augur’s REP, were also snatched. Just days after Elementus released its report, the New Zealand-headquartered exchange was hit again. According to a follow-up from Max Galka, the chief executive of the research boutique, 17,000 Cryptopia wallets saw 1,675 Ether leave their care. As to what’s next for unfortunate victims to this debacle, Cryptopia claims that it is currently finalizing a “rebate process for affected users,” adding that details will follow. Will those affected by this fracas get reimbursed? Photo by Mahesh Ranaweera on Unsplash The post Hacked Crypto Startup Cryptopia To Open Its Doors Again, First Through “Read Only” Site appeared first on Ethereum World News.

13 days ago

South America: Crypto and Blockchain News Roundup 23rd February to 2nd March 2019

South America Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. Brazil Brazil Can Regulate Exchanges Using the Same Rules Applied to Banks: Cryptocurrency exchanges in Brazil can face a new setback in case their government decides to respond to the latest Financial Action Task Force (GAFIT/FAFT) requests. GAFIT finalized the supervision requirements for monitoring cryptocurrency services this week, followed by the G20 group binding 35 countries involved to adopt same rules for active crypto platforms as regular banking systems instead of having specific legislation for the segment. The task force insists that these measures are required to prevent misuse of cryptocurrency for illegal transactions. TrueUSD Creator Attends an Event in São Paulo; Praises Brazilian Startup: Tory Reiss, creator of TrueUSD (TUSD) met with the Atlas Quantum management in São Paulo this Monday and expressed how impressed he was by the Brazilian platform’s potential. He termed the platform as “the future of investments” courtesy its open model that allows investors around the world unlimited access to almost all features. He also pointed out that the future of money lies in the digital markets with stablecoins as the perfect solution for all kinds of transactions. Reiss elaborated on the pitfalls of using the current credit cards as it involves a plethora of agents and rates, whereas a stablecoin removes all the unnecessary bureaucracy. He also revealed that unlike a lot of market analysts, he welcomes JP Morgan’s move to launch their own stablecoin known as the JPM Coin. Brazilian Civil Aviation Agency Aims at Blockchain: The National Civil Aviation Agency (ANAC), an organization in Brazil responsible for overseeing economic and technical aspects of civil aviation activities, has expressed interest in exploring the opportunities blockchain technology can offer for their operations. The agency has also authorized a civil servant in a commissioned position to visit the upcoming ICAO Blockchain Aviation Summit and Exhibition, to be held on 3 - 4 April 2019 in Abu Dhabi, United Arab Emirates. The event offers aviation industry stakeholders an opportunity “to explore innovations in blockchain technology that enhance safety and economic viability of civil aviation systems.” The event also aims to bring “consensus” among aviation stakeholders on the deployment of blockchain while “promoting a global governance structure to accelerate the adoption of blockchain technology in aviation.” Venezuela Venezuela to Raise USD 1 Million in Bitcoin for Aid: Amidst all the chaos in Venezuela, it is again the cryptocurrency which is stirring up the headlines. Recently cryptocurrency wallet platform AirTM and artist cryptograffiti announced their initiative to raise $1 million to aid Venezuelans in tough economic times using a “legitimate” Bitcoin installation. This move is seen as a way to delegitimize President Maduro’s own oil backed cryptocurrency, Petro. The initiative “Airdrop Venezuela” is led by Steve H. Hanke and aims to inject financial aid into the Venezuelan economy through cryptocurrencies using the Bitcoin blockchain network to add real-world usage for the digital currencies. The campaign accepts donations in many cryptocurrencies and claims that 100% of the donations will be sent to Venezuelan recipients. Argentina There’s No Crypto Winter in Argentina, Where Startups Ramp Up to Meet Demand: Argentina has been slowly but surely making a mark in the cryptocurrency world, where the country recorded an all-time high usage of peer-to-peer exchange LocalBitcoins, transacting 9.4 million Argentine pesos in weekly volume in December 2018. And the gains were largely unaffected by the crypto crisis across the globe, with the Bitcoin exchange steadily growing since the 2017 token boom. Local cryptocurrency entrepreneurs also admitted that despite the recent crypto volatility, the local demand has been consistently increasing. This can also be attributed to the fact that a large number of Venezuelans have immigrated into the country, and hence the demand for banking services, financial tools, and remittance services have also increased. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy:BitcoinNews.com The post South America: Crypto and Blockchain News Roundup 23rd February to 2nd March 2019 appeared first on BitcoinNews.com.

14 days ago

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

CoinSpeaker XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam That was just a month before Bitcoin got to it’s sky high of more than $20,000. Even though that result never happened again, last few years Bitcoin proved to be everything but a fraud. Not just that, but since then, plenty of other cryptocurrencies emerged and found their place under the crypto sky. One of them is XRP. And we have to admit, it was pretty surprising when last month JP Morgan came out with the suggestions of JPM Coin, a US dollar-backed cryptocurrency that would be used for cross-border transactions with the bank’s client. However, they lamented its use as an internal-payment tool within JP Morgan. A recent statement by the bank’s CEO Jamie Dimon suggested that JPM Coin could one day be used outside the bank. Few days ago, Forbes found themselves the subject of ridicule (or even bribery) at the hands of the XRP army, when one of their writers casually indicated that Ripple may be a scam. The writer named Jason Bloomberg was also an author of the article about above mentioned JPM Coin. Within the article, certain parallels were drawn between JPM’s latest venture and Ripple themselves. However, rather than positing JPM Coin as competition to Ripple, Jason Bloomberg simply dismissed Ripple as an outright scam - seemingly through conjuncture and without any real explanation given. Of course, the XRP/Ripple community didn’t stand for it, calling Jason out for his evident lack of research. He started an article saying that Ripple was originally designed as a “pump and dump” project because the company works really hard to pump the price, but does so cleverly so that only those who look closely enough can spot the issues. He writes: “At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact.” Jason Bloomberg didn’t stop himself here. He actually claims that Ripple pays its “customers” to promote XRP in an arrangement called the RippleNet Accelerator program. One would have thought the clients would pay Ripple for its services. That puts a huge question mark on Ripple and how they run the business. He also touches issues such as XRP being the security, liquidity issue, customers, technology and more. We actually recommend that you read this entire article. The Ripple Community Strikes Back As expected the XRP and Ripple community defended their favorite crypto company and the digital asset XRP. Everyone knows that the community is strong and really active. Is Forbes a scam? - At its core, the @Forbes business model is an obsolete model that relies on FUD. (Not financial advice). #xrp #xrpthestandard #XRPcommunity #xrpthebase @digitalassetbuy @XRPTrump @haydentiff @XRPcryptowolf @SgtObiWan @C3_Nik @marvin_xrp @Ripple @nbougalis pic.twitter.com/wGkujXCtd7 — Oskar Arnarson (@oskararnarson) March 1, 2019 The truth is, and we already wrote about it, Ripple has issues with central control. Ripple claims not to own or have created XRP, however it controls over 60% of the total XRP circulating supply. Ripple argues that XRP is an open source project that is separate from the Ripple company. It, however, claims the group of developers gave it a large percentage of XRP. The question is for what? Jason Bloomberg believes it is for pumping the price of the token. However, Ryan Zagone, Ripple Director of Regulatory Relations had said: “XRP is open source and it was not created by our company, so that existed as an open source technology. We created a company that was interested in modernizing payments and then began using that open-source tech to do so ... We didn’t create XRP... What we do have is we do own a significant amount of XRP, it was gifted to us by some of the open-source developers that created it. But there’s not a direct connection between Ripple the company and XRP.” That Forbes is in favor of JPM Coin is a well-known fact. Perhaps one of the most famous was an article published by Ms. Frances Coppola in Forbes that explained how JP Morgan Coin was a “slap in the face” for Ripple. He wrote: “JPMCoin is a slap in the face for Ripple. Brad Garlinghouse, Ripple’s CEO, is on record as saying he expects major banks to adopt xRapid, along with the XRP token, in 2019. Now, J.P. Morgan - unquestionably a major bank - has told Ripple that there is no way they are using xRapid or XRP.” However, a report issued by Binance Research, after careful analysis, concludes that in principle, the differences between JP Morgan’s cryptocurrency and XRP are so vast that both tokens could not compete directly. First, Binance highlights the fact that JP Morgan is a stablecoin, whereas XRP is a volatile cryptocurrency. This in itself is an essential difference since one can be used as a means of speculation while the other cannot. JP Morgan’s curr

14 days ago

Ethereum Classic Price Gains 6% as Developers Mull ETH 2.0 Roadmap Implementation

Based on the current overall crypto market momentum, one would almost think the sky’s the limit. Such a train of thought is very dangerous to pursue among traders who want to pocket some profits over the weekend. While the Ethereum Classic price appears bullish at this time, one has to keep in mind its value tends to go up and down quite often. As such, chasing the top can easily cause some financial headaches. Ethereum Classic Price Rises Ahead of the Weekend In the cryptocurrency world, it is often difficult to determine what drives individual markets. While it is not uncommon for altcoins to derive value from Bitcoin and foremost, Ethereum Classic is seemingly a different creature in this regard. It too benefits fro bullish BTC momentum, although ETC usually does its own thing. Today is seemingly no exception in this regard. Over the past few hours, the Ethereum Classic price has risen by 6.6% to $4.77. Furthermore, there is a 5.8% gain over Bitcoin to bring that value to 0.0011986. Both of these trends are promising, yet they wouldn’t materialize without good trading volume. ETC Notes $218.43m in volume today, which is nearly half of its overall market cap. It is rather interesting to note how the ETC-related discussions on Twitter are evolving right now. Saturn Network is sharing a handy video guide regarding building new tokens and ICOs on top of Ethereum Classic. While this option has existed for quite some time now, it remains to be determined whether or not anyone will make use of this method. Planning your weekend? Why not BUIDL on Ethereum Classic. #ClassicIsCominghttps://t.co/uHYb9lWuBj#SaturnNetwork #Tokens #DEX #BUIDL #EthereumClassic #ETC #ERC223 — Saturn Network (@SaturnProtocol) February 22, 2019 It is also worth noting Ethereum Classic is currently live on the DEX trading platform. Although that is not the biggest exchange solution by any means, their list of support coins and tokens seems pretty solid. They also purposefully opted for not using Tether’s USDT stablecoin but list TrueUSD instead. Very interesting, as it creates a different onramp for ETC as well. Live on DCEX Monero IOTA Bitcoin Litecoin Ethereum OmiseGo Bitcoin cash DASHBitcoin Gold Zcash Ethereum classic XRP TrueUSDFiat on ramp TUSD#ripple #xrp #btc #ltc #eth #omg #bch #dash #btg #zec #etc #tusd #xmr #miota #dcex #dcexofficial — DCEX (@dcexofficial) February 22, 2019 Last but not least, it would appear the ETC core developers are currently mulling whether they should integrate the Ethereum 2.0 roadmap in the future. That in itself is a very interesting topic of debate. This roadmap would introduce a lot of interesting upgrades to ETC, although no final decisions have been made at this time. Definitely something worth keeping an eye on. @preston_vanloon and myself just had a really productive meeting with the $ETC core devs about adopting the #Ethereum 2.0 roadmap for $ETC. No commitments yet, video coming soon. @etclabscore @BobSummerwill @Yazanator — Joseph 0x29a Delong (@josephdelong) February 22, 2019 All of the developments behind the scenes appear to be working in favor of Ethereum Classic. That in itself is a bit of an unusual situation, although one many ETC holders will be quite pleased with. With this decent trading volume in place, the uptrend could, in theory, easily be resumed over the weekend. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Ethereum Classic Price Gains 6% as Developers Mull ETH 2.0 Roadmap Implementation appeared first on NullTX.

24 days ago

SALT now accepts TrueUSD by @TrustToken as a collateral type...

SALT now accepts TrueUSD by @TrustToken as a collateral type for loans. Log in today to see the latest from SALT.… https://t.co/AFKtJsFFkq

25 days ago

Stablecoin TrueUSD Sees Robust Volume on Regulated Exchanges in Past Week

TrustToken, which is behind the TrueUSD (TUSD) stablecoin, has experienced solid volume over the last seven-day period. The TrustToken team tweeted: “TrueUSD is being used by crypto traders around the world, accounting for over 50% of trading volume among regulated stablecoins on the top five exchanges.” These exchanges include Binance, DigiFinex, Huobi, BW, and OKEx. TrueUSD appears to be the most popular “regulated stablecoin on Binance,” where it represented more than half of regulated stablecoin trading volume over the past week. The TrueUSD team attributes this to Binance giving traders “great stablecoin trading options.” (GT)

a month ago

Big thanks to #TrueUSD traders everywhere! TrueUSD is the mo...

Big thanks to #TrueUSD traders everywhere! TrueUSD is the most popular regulated stablecoin on #Binance, accounting… https://t.co/1Vl5yHig6b

a month ago

TrueUSD is being used by #crypto traders around the world, a...

TrueUSD is being used by #crypto traders around the world, accounting for over 50% of trading volume among regulate… https://t.co/ptp44LTYwh

a month ago

#TrueUSD (TUSD) is being traded more than any other regulate...

#TrueUSD (TUSD) is being traded more than any other regulated #stablecoin. Our team has been dedicated to transpare… https://t.co/a422Mwepqe

a month ago

Tron’s BitTorrent to be listed on South Korean Exchange Bithumb

BitTorrent token [BTT], the newly launched coin, has been performing well post the massive pump on February 18 and its performance is resonating across markets and exchanges. According to Bithumb’s update on Twitter, the South Korean cryptocurrency exchange is all set to list BTT token on February 19. Bithumb took to Twitter and said: “[New Coin Listing] BitTorrent(#BTT) will listed on Bithumb! ■Timeline: February 19 (Tue), 2019 in the afternoon ■ Deposit address open: February 19 (Tue), 2019 at 2:00 PM” The exchange also announced that it will also provide support to the BTT airdrop. The recently launched token has already been listed on many major exchanges, including Binance and Bitfinex. The token saw its launch on Binance’s launchpad at the end of January and was followed by multiple adoption airdrops for Tron [TRX] holders since BTT is built on the Tron network. Apart from listing BTT and conducting the airdrop, Bithumb will be distributing extra BTT tokens to users who deposit their BTT on the exchange, according to Chepicap. The publication also informed that the event will last until trading of the token goes live on the Bithumb platform. Recently, BTT was also paired with multiple stablecoins on Binance. These coins included Paxos, TUSD, and USDC. Binance had announced: “Binance will open trading for BTT/PAX, BTT/TUSD and BTT/USDC trading pairs at 2019/02/15 10:00 AM (UTC).” At press time, BTT was valued at $0.0010 and registered a 24-hour trading volume of $202 million. The coin recorded a growth of 14.76% over the past day. BTT noted growth of 4.40% over the past seven days. However, it was falling by 0.53% over the past hour, at press time. The coin registered the highest trading volume on UPbit, with a volume of $103 million with the BTT/KRW pair. The second position was taken by Binance with the BTT/USDT pair, as it registered a volume of $49.5 million. The post Tron’s BitTorrent to be listed on South Korean Exchange Bithumb appeared first on AMBCrypto.

a month ago

Bitcoin Price Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion

Bitcoin has registered a 4.1 percent growth in the past 24 hours to trade at $3.775 at press time. The surge comes after a rather slow and uneventful week. In the past week, bitcoin’s price was unable to break away from the $3,660 level achieved on February 8. However, since hitting a yearly low at $3,393 just eight days ago, the currency has regained 11.5 percent. The other currencies registered varied gains, with three of the top ten cryptos noting double-digit gains. Ethereum was the biggest gainer in the top 25 cryptos. The currency registered a 15 percent increase in the past 24 hours to trade at $145. EOS registered an 11 percent rise to hold its position as the fourth-most valuable crypto ahead of the pursuing Litecoin which gained 7 percent. Bitcoin registered the highest 24-hour volume this year. In the past 24 hours, the volume stood at $8.2 billion. The last time the volume hit $8 billion was on December 22. Back then, the high transaction volume pushed bitcoin’s price to $4,102. The currency gained 25 percent in the space of a week, raking in $850 supported by the high volume. Indeed, the high volume is a very bullish sign for any crypto trader. On February 8, the price gained $250 to shot to $3,650, up from $3,400. Back then, the 24-hour volume also spiked to stand at $7.9 billion. What Turned The Tides? Bitcoin’s rise comes at the back of some very positive news globally that seems to be swaying the momentum. For one, reports suggest that Japanese e-commerce giant Rakuten could support crypto payments starting March. The firm announced that it will release an updated mobile payment application which will probably accept crypto payments. The company has yet to clarify its position yet. JP Morgan also recently announced that it would launch its JPM Coin for its wholesale payments division. The currency is an exact opposite of the decentralized cryptos such as bitcoin and Ethereum. For this, it has come under severe attack by crypto enthusiasts. However, there’s no denying the positive sentiment that the announcement brought about. Being the biggest bank in the U.S, JP Morgan has a lot of influence on the financial services industry. By announcing the JPM Coin, the New York-based giant showed the world that it has taken a pro-crypto stance. And while it may never end up using decentralized cryptos such as bitcoin, the market seemed to respond positively. The rest of the market registered gains, with stablecoins TrueUSD and Paxos Standard being the only cryptos in the red. XRP gained 4 percent to trade at $0.313, with Cardano gaining 7.5 percent. Bitcoin Gold was one of the highest gainers, registering a 24 percent gain to become the 26th most valuable crypto. However, it’s Ethereum that’s the most impressive. The currency is now trading at its highest since January 10 when its price stood at $151. Since hitting a yearly low of $103 on February 6, the currency has bounced back and seems set to continue rising. And while the gap between Ethereum and XRP was less than $200 million a few weeks ago, Ethereum has continued to consolidate its position as the king of altcoins. Currently, the gap stands at $3.1 billion and is getting bigger by the minute. Image(s): Shutterstock.com The post Bitcoin Price Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion appeared first on NullTX.

a month ago

Bitcoin Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion

Bitcoin has registered a 4.1 percent growth in the past 24 hours to trade at $3.775 at press time. The surge comes after a rather slow and uneventful week. In the past week, bitcoin’s price was unable to break away from the $3,660 level achieved on February 8. However, since hitting a yearly low at $3,393 just eight days ago, the currency has regained 11.5 percent. The other currencies registered varied gains, with three of the top ten cryptos noting double-digit gains. Ethereum was the biggest gainer in the top 25 cryptos. The currency registered a 15 percent increase in the past 24 hours to trade at $145. EOS registered an 11 percent rise to hold its position as the fourth-most valuable crypto ahead of the pursuing Litecoin which gained 7 percent. Bitcoin registered the highest 24-hour volume this year. In the past 24 hours, the volume stood at $8.2 billion. The last time the volume hit $8 billion was on December 22. Back then, the high transaction volume pushed bitcoin’s price to $4,102. The currency gained 25 percent in the space of a week, raking in $850 supported by the high volume. Indeed, the high volume is a very bullish sign for any crypto trader. On February 8, the price gained $250 to shot to $3,650, up from $3,400. Back then, the 24-hour volume also spiked to stand at $7.9 billion. What Turned The Tides? Bitcoin’s rise comes at the back of some very positive news globally that seems to be swaying the momentum. For one, reports suggest that Japanese e-commerce giant Rakuten could support crypto payments starting March. The firm announced that it will release an updated mobile payment application which will probably accept crypto payments. The company has yet to clarify its position yet. JP Morgan also recently announced that it would launch its JPM Coin for its wholesale payments division. The currency is an exact opposite of the decentralized cryptos such as bitcoin and Ethereum. For this, it has come under severe attack by crypto enthusiasts. However, there’s no denying the positive sentiment that the announcement brought about. Being the biggest bank in the U.S, JP Morgan has a lot of influence on the financial services industry. By announcing the JPM Coin, the New York-based giant showed the world that it has taken a pro-crypto stance. And while it may never end up using decentralized cryptos such as bitcoin, the market seemed to respond positively. The rest of the market registered gains, with stablecoins TrueUSD and Paxos Standard being the only cryptos in the red. XRP gained 4 percent to trade at $0.313, with Cardano gaining 7.5 percent. Bitcoin Gold was one of the highest gainers, registering a 24 percent gain to become the 26th most valuable crypto. However, it’s Ethereum that’s the most impressive. The currency is now trading at its highest since January 10 when its price stood at $151. Since hitting a yearly low of $103 on February 6, the currency has bounced back and seems set to continue rising. And while the gap between Ethereum and XRP was less than $200 million a few weeks ago, Ethereum has continued to consolidate its position as the king of altcoins. Currently, the gap stands at $3.1 billion and is getting bigger by the minute. Image(s): Shutterstock.com The post Bitcoin Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion appeared first on NullTX.

a month ago

Huobi’s V2.0 ‘Stablecoin for Stablecoins’ Aims to Close Arbitrage Loophole

Stablecoins are increasing their visibility within the crypto space as the universe of stablecoins expands and they become easier to trade. Now, digital exchange Huobi Global offers, as a trial, the HUSD Solution V2.0 to provide traders with support for interchangeability between various stablecoins. All Stablecoins Seek to Lower Volatility But They are Not 1:1 Interchangeable Stablecoins’ purpose is to minimize price volatility by being pegged to a fiat currency or an exchange-traded commodity, such as a precious or industrial metal. The HUSD Solution V2.0 offers support for interchangeability between four stablecoins: Gemini Dollars (GUSD), Paxos Standard (PAX), True USD (TUSD), and USD Coin (USDC). These four coins are represented by one token, the HUSD. Users can deposit any PAX, TUSD, USDC, or GUSD, and then withdraw any of these four tokens, regardless of which token was initially deposited. Neutral’s article entitled “Case Study of Huobi’s HUSD Solution,” explains, When you deposit any kind of stablecoins, they will be shown as HUSD in your account. You may withdraw any kind of stablecoin; when the balance amount of a certain stablecoin is not sufficient in your account, you may choose any other stablecoin with enough balance amount to withdraw. When announcing the launch of HUSD (V.1) in October 2018, Huobi Global claimed that the HUSD aimed to facilitate traders’ decision-making processes among various stablecoins, while saving trading costs. However, design flaws were detected in the first HUSD version. According to Neutral, the problem with the original version stemmed from the fact that it allowed for 1:1 interchangeability between PAX, TUSD, USDC, and GUSD. That is, any of these coins could be exchanged for USD 1. However, Neutral notes that Huobi Global overlooked the fact that “stablecoins are not interchangeable on a 1:1 basis even though they are equivalent in redeemable value.” These slight price discrepancies contributed to the issuance of various tokens to people at a rebate to increase liquidity. As a result, Traders then took advantage of the situation, using the HUSD solution to redeem and arbitrage for full price. In this situation the 1:1 ratio between stablecoins offered by HUSD did not hold, and market makers took advantage to earn a quick profit. HUSD Solution V2.0 now removes the fixed 1:1 exchange rate, basing the values between stablecoins not only on pricing but also on various other factors. For example, among other factors, the underlying stablecoin price is now set by data obtained from various mainstream exchanges. And, “Users have to designate time and amount independently to interchange stablecoins, going from an automatic exchange to a manual one.” Is There a Stablecoin Craze? The stablecoins universe is expanding. For example, in October 2019, GMO Internet announced the launch of a Yen-pegged stablecoin. And, last month, Cryptogarage joined forces with Tokyo Tanshi to launch the Liquid sidechain based SETTLENET suite, which aims to be the first application Yen-pegged stablecoin. In January 2019, KRWb also announced the upcoming launch of the KRWb, which is going to be a 1:1 Korean Won-pegged stablecoin. This past week saw JPMorgan unveil its JPM Coin stablecoin that will be used in securities transactions and as part of the bank’s treasury services features. Moreover, Facebook, according to a Bloomberg report, wants to issue its own stablecoin to allow WhatsApp users to exchange money. For many, stablecoins represent the future. As CoinJar co-founder Asher Tan put it, “It’s a craze right now.” Do you think stablecoins will become mainstream crypto assets shortly? Let us know your thoughts in the comment section below. Images courtesy of Shutterstock The post Huobi’s V2.0 ‘Stablecoin for Stablecoins’ Aims to Close Arbitrage Loophole appeared first on Bitcoinist.com.

a month ago

Binance DEX chegando e Airdrop do BitTorrent, confira as novidades

Por: Livecoins Binance, a maior bolsa de criptomoedas do mundo por volume diário de transações, planeja lançar sua exchange descentralizada para testes públicos em 20 de fevereiro. A informação foi confirmada pelo Twitter oficial do CEO da Binance, CZ, que postou no último dia 11 de fevereiro a informação de que no próximo dia 20 a DEX será apresentada ao mundo em uma versão de testes. A informação chega em um momento bom para a exchange, que além de lançar novas ferramentas para traders tem visto seu token BNB figurar entre os 15 maiores do mercado cripto no quesito market cap. A Binance DEX terá integração com hardware wallets, conforme havia sido dito pelo Livecoins recentemente, o que faz com que a operação já possa mostrar mesmo na versão de testes o funcionamento destes recursos. Airdrop do BitTorrent na Binance No blog da empresa, foi anunciado no dia 12 que o airdrop do BitTorrent (BTT) também foi finalizado para todos os clientes elegíveis ao recebimento, sendo necessário cumprir requisitos como ter pelo menos 100 Tron na exchange no dia 11, no horário 15:59 (UTC). O airdrop foi finalizado no dia 11 de fevereiro, com a proporção de 0.1097 BTT para cada 1 TRX depositado na conta. As operações envolvendo Tron tem tido grande procura desde o anúncio deste airdrop, fazendo com que esta criptomoeda ocupe a 8ª posição do mercado já por alguns dias. Com o lançamento do token BitTorrent, a Binance também viu uma grande procura pelo ativo principal da rede Tron e anunciou no dia 14 um suporte a mais pares de negociação com o BTT. A partir do dia 15, os traders poderão comprar e vender BTT nos pares PAX, TUSD e USDC, que são stablecoins lastreadas em dólar. No momento da escrita deste, dentre os três maiores pares de negociação por volume na Binance, estavam BNB/BTC na primeira posição e BTT/BTC na terceira posição. Fonte: binance.com Apesar disso, no par BTC o token BitTorrent era a moeda que mais se desvalorizava nas últimas 24 horas, com -7% de valor em relação ao Bitcoin. Fonte: binance.com O artigo Binance DEX chegando e Airdrop do BitTorrent, confira as novidades foi publicado originalmente em Livecoins.

a month ago

Binance Adds Major Stablecoin Pairs for BitTorrent (BTT)

Binance, the world’s largest crypto exchange, announced Thursday that it has added several stablecoin trading pairs for BitTorrent (BTT), which recently completed its token sale on the Binance Launchpad. #Binance Adds BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairshttps://t.co/vOO3HcJbKy pic.twitter.com/uBe3ljjElt — Binance (@binance) February 14, 2019 According to the announcement, Binance has added PAX, TUSD and USDC

a month ago

Stablecoins Dominate Currency Pairings for Leading Crypto Assets

Amidst the ongoing cryptocurrency bear market, stablecoins have continued to gain prominence, with USDT currently comprising the dominant pairing for three of the four largest cryptocurrencies by market cap. Also Read: Localbitcoins Trade Surges in Latin America and East Asia USDT Comprises Dominant Pairing for 3 of Top 4 Cryptocurrencies by Market Cap According to Cryptocompare, USDT currently comprises the largest currency pairing by volume for three of the four largest crypto assets by capitalization. In the last 30 days, USDT pairings have comprised more than 67% of total BTC trade, nearly 46% of total ETH trade, and 48% of LTC trade. While BTC is the dominant pairing for XRP, with almost 49% of monthly volume, USDT is the second-most traded pairing with 22.60%. Stablecoins Dominate Currency Pairing Rankings for Leading Crypto Assets Aside from the dominance of USDT pairings, other stablecoins are increasingly populating the rankings for top currency pairings of the leading crypto assets. Four of the top 10 BTC pairings by volume are currently stablecoins, with QC ranking fifth with 2.7% of monthly volume, PAX ranking eighth with 0.55%, and USDC ranking 10th with 0.41%, in addition to USDT holding the top ranking. Half of the top 10 currency pairings for ETH by volume are stablecoins, with USDT joined by fourth-ranked QC with 3.13% of monthly trade, sixth-ranked BITCNY with 1.41% of trade, eighth-ranked PAX with 0.28%, and 10th-ranked DAI with 0.23%. Stablecoins comprise four of the 10 most-traded pairings for ripple. Aside from USDT, XRP’s dominant stablecoin pairings are sixth-ranked QC with 4.02% of trade during the previous 30 days, ninth-ranked OKB with 0.23% of trade, and 10th-ranked PAX with 0.22%. Four of the top 10 LTC pairings are also stablecoins, with QC ranking fourth with 1.05%, TUSD ranking seventh with 0.27%, OKB ranking ninth with 0.22%, and USDT ranking as the dominant trading pair. What is your response to the increasing presence of stablecoins among the top currency pairings for the leading crypto assets? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Stablecoins Dominate Currency Pairings for Leading Crypto Assets appeared first on Bitcoin News.

a month ago

TrueUSD vs Tether: Stablecoin Comparison

What is Tether? Tether is the most known stablecoin from the crypto space, which claims to have its value pegged to that of the US Dollar at a 1:1 ratio. The original idea was to have for each USD in circulation an equivalent amount of Tether. What is TrueUSD? TrueUSD is a stablecoin which is also […]

a month ago

Tron’s BitTorrent [BTT] gets paired with multiple stablecoins on Binance

Tron’s BitTorrent [BTT] is only a few weeks old in the cryptocurrency market and yet, it has already become very popular among crypto users. After some aggressive promotion by Tron Foundation and Justin Sun and the users’ growing familiarity with BTT, Binance has announced its decision to pair it with stable coins Paxos, TUSD, and […]

a month ago

What Is TrustToken? Introduction to TrueUSD

What is TrustToken? The TrustToken Platform is an Ethereum-based dApp to create asset-backed tokens and enable value transfer around the world. TrueUSD (TUSD) is the ERC-20 token and stablecoin that’s pegged to the value of the U.S. dollar. Everything about TrustToken’s marketing is clearly focused on taking advantage of allegations and controversy surround Tether USDT’s […]

a month ago

Notice for TrueUSD webapp users: We have made some updates t...

Notice for TrueUSD webapp users: We have made some updates to the app that will prompt you to reintegrate two-step… https://t.co/7opQ0uyw0w

a month ago

Blockchain Startup Receives $1.7 Million to Keep Cryptocurrency Controlled

Token Relationship Management (TRM), a company that ensures crypto-startups stay within regulatory compliance, recently received $1.7 million in seed funding. The funding will be used to further expand a new token management solution called RegTech and the platform provides solutions for “on-chain customer due diligence, transaction monitoring, and customer relationship management.” TRM is also developing a tool which automatically detects suspicious activity like wash trading, money laundering, and market manipulation. Currently, more than 20,000 Ethereum holders have checked the compliance of their funds with RegTech and the tool has been added to TrustToken’s TrueUSD stablecoin. TRM CEO Esteban Castano said that cryptocurrency will be a “democratizing force” which allows everyone to access financial services but this cannot occur until “everyone is compliant”. (RS)

a month ago

Startup Receives $1.7 Million to Help Keep Cryptocurrency Controlled

Token Relationship Management (TRM) has received $1.7 million from investors like Blockchain Capital to provide cryptocurrency startups with solutions to stay compliant with local regulations. Staying compliant in an ultra-confusing and ever-changing regulatory landscape is not easy for your average cryptocurrency startup looking to actually stay complaint as opposed to simply exit scam with users’ funds. Now, startup TRM is offering a RegTech solution as part of its Token Relationship Management platform. TRM’s offering is designed to simplify on-chain anti-money laundering (AML) compliance for companies working with cryptocurrencies and digital assets. According to a press release, the platform offers solutions for “on-chain customer due diligence, transaction monitoring, and customer relationship management.” KYC and Transaction Monitoring In addition to RegTech, TRM is also developing solutions for the automated detection of suspicious activity. Such activities include money laundering and the manipulation of markets. More than 20,000 individuals have already KYC’d themselves and their Ethereum (ETH) addresses on RegTech. TRM’s product has already been put to use with TrustToken’s TrueUSD — a stablecoin backed by the US dollar not entirely dissimilar to Tether (USDT). Explained Esteban Castaño, TRM CEO and co-founder: We believe that cryptocurrency is going to be a democratizing force in the world that lets anyone exchange value and access financial services. But to get there, we need to make it easier for everyone to be compliant. Just as the Internet led to an explosion of new content, crypto is leading to an explosion of new financial products and markets. We need regulatory and compliance infrastructure that scales with this new world. Keeping Cryptocurrency Controlled Though regulatory compliance is important for any legitimate business, Bitcoin (BTC) and many other cryptocurrencies were created and developed to help individuals maintain control over their financial and personal freedom. Solutions like TRM’s RegTech appear help centralized institutions maintain centralized control over the cryptocurrency space. Solutions like this may help facilitate the mainstream adoption of cryptocurrency-related technologies but appear to do little to further decentralization. What do you think about TRM’s RegTech solution to help cryptocurrency startups remain regulatory compliant? Let us know your thoughts in the comments below! Images courtesy of Shutterstock. The post Startup Receives $1.7 Million to Help Keep Cryptocurrency Controlled appeared first on Bitcoinist.com.

a month ago

Stablecoin Craze Continues As Team KRWb Launches Korean Won Backed Stablecoin

Stablecoins have been the buzzwords in crypto-space for quite some time now and the craze doesn’t seem to be ending at all. After having a few stablecoins backed by US dollar, Asian companies to have started introducing coins that are backed by local currencies, latest being a stablecoin backed by Korean Won. KRWb- Korean Won backed Stablecoin is Now Beta live on Airswap Continuing the craze of introducing stablecoins backed by different currencies, KRWb has introduced a new stablecoins that find itself pegged to Korean Won in 1:1 ratio. The team has finished deployment of the initial smart contract and now has launched the live beta period over the next few weeks on AirSwap, a decentralized exchange, before proceeding some anticipated prominent Korean and Global exchange listings. The coin is an ERC 20 token and current total supply is 400,000,000 KRWb. According to the Medium post, the mechanics of KRWb would work as “1 KRWb token will be created for each 1 KRW deposit into the KRWb treasury. This “digital KRW” will be created as an ERC-20 token that can be easily transferred globally or held by anyone who has access to an ERC-20 compatible wallet. The KRWb team will not put any KRWb tokens into circulation unless they are, at a minimum, backed 1:1 by fiat KRW inside of the company’s Korean treasury reserves.” The team behind KRWb will be responsible for managing the minting and burning operations through an Ethereum smart contract process that requires a multi-signature checkpoint and a 3rd party auditor would be appointed to regularly audit. At launch, there will be a limited number of “KRWb Issuance Partners” who will have the responsibility of distributing KRWb to the market and supporting liquidity. As there is just select nature of KRWb Issuance Partners, these parties will have to pass a rigorous KYC/AML check and will be able to continually meet a high-quality customer service standard to offer liquidity for the KRWb community. According to the post, KRWb comes with some definite advantages which include A stable store of value that can be denominated in KRW Global accessibility of value transfers in and out of Korea Alternatives to KRW Foreign Exchange rate hedging Over time, a reduced variance of cryptocurrency prices within Korea vs. global markets With respect to availability, the team has plans to bring the stablecoin on leading Korean Crypto exchanges, global exchanges and certain selected DEX’s. The team also plans to take this to stablecoin to OTC desk partners to encourage liquidity. Over the period of time, it is anticipated that KRWb would be available in exchange for Bitcoin (BTC), Ether (ETH), KRW, USD, TUSD and more. While the idea for now looks good, but one will have to see how it is accepted in the markets. With so much of trading coming from Korea, the coin could be the first choice of Korean traders to park their funds into to avoid volatility. Will KRWb, achieve the targets and become one of the top stablecoins? Do let us know your views on the same. The post Stablecoin Craze Continues As Team KRWb Launches Korean Won Backed Stablecoin appeared first on Coingape.

2 months ago


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