True USD TUSD

$1.01
Market Cap $ 210.178 MM (#27)
24h Volume $ 63.020 MM
Chg. 24h: -0.26%
Algo. score 3.2/5  (#420)
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True USD News

Cryptopia Hack Stolen Funds Moved to Binance and Other Crypto Exchanges - Changpeng Zhao Confirms

A large amount of Ethereum and ERC-20 tokens have been transferred, over the last hours, from Cryptopia to wallets linked with several cryptocurrency exchanges, including Binance. This activity could have been associated with the Cryptopia hack that took place earlier this week, leading the exchange to suspend its operations. Hackers Attempted to Hide Trails Before Sending Stolen Funds to Binance According to Twitter user @ShaftedTangu, the hacker moved vast amounts of ETH and other tokens such as DNC, MTL, MGO, KNC, OMG, ENJ, CENNZ, TrueUSD and others, from Cryptopia-related wallets and then consolidated them into one account. Consequently, he redistributed the funds across multiple crypto exchanges. However, this action which could be seen as an attempt to launder the stolen funds was big enough to trigger the watchdogs that monitor every suspicious, large blockchain transaction. 19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: https://t.co/xTxMKRJSD8 — Whale Alert (@whale_alert) January 13, 2019 Social Media Seem to Play a Key Role in Blockchain Security @ShaftedTangu reached out to the representative of the involved cryptocurrency exchanges via Twitter, to warn them about the funds being moved to accounts of their companies. Namely, the exchanges that seem to have received funds from the Cryptopia hack include Binance, Huobi, CoinExchange.io, Digifinex and, KuCoin. Changpeng Zhao, CEO of Binance, went to confirm allegations, saying that the exchange was able to trace and freeze some of the stolen funds. Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Opaque Crypto Transactions After Cryptopia Shut Down Operations The crypto community is treating the Cryptopia hack with skepticism, as the stolen fund transfer occurred several hours after the exchange announced its temporary shutdown. This has led many to believe that the incident could have been an inside job, but Cryptopia has not responded yet to any of those allegations. The latest update from the exchange’s Twitter account says that the matter is now on the hands of the appropriate authorities. We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.https://t.co/9uMiKQwb6u — Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019 Cryptopia Hack Stolen Funds Moved to Binance and Other Crypto Exchanges - Changpeng Zhao Confirms was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

8 hours ago

Let's raise the standards of Trust! Ethos has now listed Tru...

Let's raise the standards of Trust! Ethos has now listed TrueUSD $TUSD by @TrustToken on the Universal Wallet. TUSD… https://t.co/prkBrVz99F

13 hours ago

TrustToken AutoSweep Could Make Smaller Exchanges More Competitive

TrustToken, the company behind the TrueUSD (TUSD) stablecoin, has launched a technology that could be a game-changer for crypto exchanges. A new feature, dubbed AutoSweep, has been integrated into a TrueUSD smart contract, potentially making it much easier to manage large numbers of crypto wallets. As the name suggests, AutoSweep combines the addresses of account holders into a main wallet, removing the need for exchanges to manage millions of keys and dole out gas fees. End users, meanwhile, won’t notice a difference in the way their transactions are handled. In a press release, TrustToken compared AutoSweep to email aliases, which allow multiple distinct addresses to be managed from a single inbox: With email aliases, users can set up multiple outward-facing addresses (e.g. Jeff@amazon.com; Jeff.Bezos@amazon.com; ceo@amazon.com) that receive emails into a single inbox. Likewise, AutoSweep allows anyone to create multiple outward-facing deposit Ethereum addresses that automatically settle into a single Ethereum wallet. Exchanges traditionally provide different deposit addresses for each user and token. When a deposit is made, the exchange must create a transaction for each address, manage private keys tied to each address and keep the tokens in a separate hot wallet, all of which cost gas fees. Enter AutoSweep, which according to TrustToken Software Engineer Terry Li solves a major “pain point” for exchanges and merchants. Li told Crypto Briefing: We help partners to reduce that. When a user sends funds to an address, AutoSweep automatically forwards the tokens to a central hot wallet. Think of it as aliases to the hot wallet. It’s easy to set up for anyone that wants to use this feature. Security and Benefits TrustToken has had the new AutoSweep feature audited and says it’s no less secure than current ETH addresses. TrustToken Marketing Manager David Steinrueck told Crypto Briefing: We wanted to make sure we erred on the side of practicality and that it would be theoretically impossible for anyone to exploit any issue. It comes down to how ETH security works. Essentially, we are betting [that with] the distributed computational power of the entire global Ethereum network, it’s impossible for anyone else’s computational power to crack the system. Meanwhile, the benefits of AutoSweep are two-pronged: exchanges no longer need to manage so many wallets, and funds are automatically forwarded to a main wallet, slashing the gas fees to zero. Typically, exchanges must pay hefty gas fees to move tokens into their main wallet. In an era where crypto exchanges like ShapeShift are tightening their belts, the new feature is a sign of the times that could go a long way. TrustToken designed AutoSweep for exchanges, including OTC platforms, and merchants that accept crypto. In fact, TrustToken says, AutoSweep could help to foster adoption among merchants who otherwise shy away from the challenges tied to accepting crypto as a payment method. This feature is actually best for people with much less technical knowledge or who have fewer people to manage millions of wallets. This makes it easier for smaller exchanges or merchants to automatically handle so many alias wallets and keys without needing accounts for all of them. We had mainstream adoption in mind for users who want millions of uses but who don’t want to manage millions of keys. TrustToken’s AutoSweep feature is now live on TrueUSD as the first use case, but is also public code. As a result, it can be integrated with any Ethereum-based token. Smaller exchanges are expected to be the first guinea-pigs for the new technology, but someone might want to let Jeff Bezos know that it’s now even easier for Amazon to start taking crypto. The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post TrustToken AutoSweep Could Make Smaller Exchanges More Competitive appeared first on Crypto Briefing.

a day ago

Five More 2019 Crypto Predictions From Industry Executives

Despite the mauling of crypto markets by the bears, last year was a huge one for mainstream media to pick up crypto related stories which were once for niche outlets only. They obviously drive traffic and garner attention which shows that the public still has a big interest in all things crypto. Fortune has been big on Bitcoin for a while now and its dedicated TV slot, The Ledger, has just run another prediction piece hosting the Winklevoss twins. The show was largely dedicated to their Gemini exchange and related products but the following predictions are interesting. The first prediction is the loss of traction of Tether. Stablecoins took off in 2018 when several new ones appeared on the scene all with the ambition to dethrone USDT. While Tether is still the king dollar pegged coin with a market cap of $2 billion, others are creeping into the charts and gathering momentum. The next most popular stablecoin after USDT is Circle and Coinbase’s USD Coin which is currently at 19th place with a $354 million market cap. TrueUSD is next down the list at 27th on just over $200 million. Naturally the dump of most altcoins has lifted stablecoins over the past few months but there are now a good few competitors for Tether. If the Escobar estate gets its way there will be another one coming soon. The second prediction is that Facebook enters the fray with its own stablecoin for use on WhatsApp. However, considering the manipulation, privacy and censorship issues the social media giant has been embroiled in over the last year it should be the least favorable platform to trust with crypto assets. More torment from the SEC has also been predicted as the US regulator eyes up bigger targets. The possibility of XRP being classified as an unregulated security is a very real one for Ripple. Either way American authorities will not be going any easier on crypto in 2019. On a brighter note there is a prediction for a Bitcoin EFT approval, possibly as early as next month. Bakkt, which has just made its first acquisition, is gearing up for the launch of its physically settled futures contracts and VanEck may not be far behind. Finally a look at markets, and a prediction for the continuation of 2018’s crypto hangover. Worsening economic conditions, global political tension, and volatility have been cited as the dampener for Bitcoin and its brethren. However, some may see these as reasons to get into crypto and decouple from ever more fragile fiat as stores of value. The post Five More 2019 Crypto Predictions From Industry Executives appeared first on Ethereum World News.

a day ago

Stablecoin Issuer TrustToken Releases a New Wallet Management Feature

TrustToken, the issuer of the TrueUSD stablecoin, has revealed a new wallet management feature which will allow clients to register a unique deposit address that is matched with the exchange’s central wallet. TrustToken explained that these ‘aliases’ are similar to having more than one email address on the same domain and the firm said that a single wallet could also utilize up to 1 million deposit addresses. TrustToken software engineer Terry Li explained that the feature is designed for exchanges, merchants and any other companies trading with TrueUSD. Li also explained that “it’s much cheaper for exchanges to [use], they don’t need to run a lot of transactions to aggregate all these users’ tokens into their hot wallet.” The feature will result in reduced gas costs for exchanges and it will “significantly improve the accounting structure and save on time by automatically sweeping user accounts to the central wallet.” (RS)

3 days ago

Stablecoins take over as Cryptocurrency Market faces Sudden Crash. How long is it going to last?

The cryptocurrency market has seen a sudden dip today 10 January 2019. All top ten cryptocurrencies are victims and a look at the top 100 cryptocurrencies shows only two coins Aurora (AOA) and Maximine Coin (MXM) are in the greens. All stablecoins among the top one hundred digital assets, on the other hand, are all in green flourishing while top cryptocurrencies including Bitcoin are on a free fall. The stablecoins Tether (USDT), USD Coin, TrueUSD, Paxos STandard (PAX), Gemini Dollar (GUSD) and Dai Stablecoin are gaining momentum as at press time, USDT even showing tendencies of taking the 7th spot from Litecoin after reclaiming the 8th position which Tron (TRX) took from it just yesterday. Stablecoins enable cryptocurrency enthusiasts to pay for goods and services without having to worry about the sudden price fluctuations that characterize cryptocurrencies. As the market became very unstable in 2018, many cryptocurrency users turned to stablecoins as a better alternative to the volatile cryptocurrencies. The interest in stablecoins has been sustained since then and is now reflecting in the market trends of the top 100 digital assets by Coinmarketcap ranking. Not just individuals but countries are now working on issuing stablecoins because of this growing interest and the quest to remove volatility from digital assets which should be used as means exchange. For instance just yesterday it was reported that China’s third largest city Kaoshiung is working on issuing a stablecoin known as Kaoshiung Coin to residents of the city to use for buying of goods and services. The fiat stablecoin is scheduled to be launched by 19 January 2019 and work on it is almost complete. This the Taiwanese city is working on in collaboration with the Korean government. Via Coin360.com If the volatile trends of cryptocurrencies continue then stablecoins may eventually take over the space as they are obviously currently preferred. According to a report, PAX alone exceeded $5 billion in transactions in the first 3 months of its launch, showing a significant interest in stablecoins generally. The interest in stablecoins has evidently increased and still growing and this may continue until a solution to volatility is found. Are we getting there soon? The post Stablecoins take over as Cryptocurrency Market faces Sudden Crash. How long is it going to last? appeared first on ZyCrypto.

6 days ago

On January 3rd, we successfully upgraded the TrueUSD smart c...

On January 3rd, we successfully upgraded the TrueUSD smart contract. As a trader there is nothing you need to do -… https://t.co/asTRuFhb4B

6 days ago

Taiwanese City of Kaohsiung to Launch Digital Fiat stablecoin by Q1

While countries are considering issuing cryptocurrencies, a city in Taiwan with a population less than 3 million is set to launch its own stablecoin by Q1 of 2019. Precisely, the launch is to take place on 18 January 2019. The stablecoin known as”Kaohsiung Coin” has been in the process of design since 2018 and will be issued to the residents of Kaohsiung for use in everyday payments within the busy tourist city which attracts tourists from different countries of the world, majorly from Korea. Stablecoins are a group of cryptocurrencies that can be used to pay for goods and services like normal currencies because unlike conventional cryptocurrencies such as Bitcoin and Ethereum, the value doesn’t change unpredictably within a short time. This rapid change is known as known as volatility. The Korean government is also fully involved in the project because its representatives had attended a transaction demonstration with the stablecoin in Kaohsiung just a few days ago. According to reports, the stablecoin will be used on smartphones and is mainly aimed at harnessing tourism to boost the cities trade. The sudden popularity of stablecoins as alternatives to cryptocurrencies is an indication that cryptocurrencies will eventually get full acceptance as a mainstream method of payment when the industry gets more mature. According to research firm Diar, stablecoins saw significant adoption few months before the 4th quarter of 2018. Within just three months, top four stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) recorded a combined total transaction of over $5 billion in on-chain transactions. The current issue of volatility may be the main reason not many institutions are interested in cryptocurrencies as an investment at the moment. This is expected to change this year with the coming launch of Bakkt, an Intercontinental Exchange (ICE) project which is scheduled to be launched on 24 January 2019. This is expected to be just one of the solutions to volatility and other issues that have kept institutions away. The year 2019 is expected to be a good year for cryptocurrencies as more institutional investors are expected to come in and who knows, things may change for good for the lead cryptocurrency Bitcoin, and other digital assets as well. The post Taiwanese City of Kaohsiung to Launch Digital Fiat stablecoin by Q1 appeared first on ZyCrypto.

7 days ago

Cryptocurrency Exchange Huobi Begins Its Operations in Japan

The popular cryptocurrency exchange Huobi has announced that it has officially launched its services in the country of Japan. In a celebratory tweet, Huobi’s Japanese division wrote on January 8th: Additionally, the Japanese division of the cryptocurrency exchange has already informed its users that trading will begin on January 8th. To celebrate the launch, the exchange will initiate a campaign, giving Ripple (XRP) worth 500 yen (roughly around $4.60) to any new accounts. We are pleased to announce that Huobi has officially launched in Japan! Follow @HuobiJapan for more news and updates. https://t.co/tCUjO84V4b — Huobi Global (@HuobiGlobal) January 9, 2019 According to data from CoinMarketCap, Huobi is currently the 7th largest cryptocurrency exchange by means of trading volume. In late December 2018, the South China Morning Post reported that the company is “optimizing staffing” by cutting some of its worst-performing employees, citing a Huobi Group Spokeswoman. She also added that the company is still hiring people for emerging markets and core businesses. However, it’s noteworthy that the layoffs take place amid a prolonged bear market as 2018 saw around $700 billion wiped off the cryptocurrency market. In October, Huobi launched a new interchangeable stable coin called the “HUSD.” Unlike other stable coins, the HUSD is interchangeable. The official announcement explains: “For example, when you deposit 1 PAX, it will show as 1 HUSD in your account, and you can withdraw 1 TUSD (not considering transaction fees on the blockchain).” About Huobi Being the 7th largest cryptocurrency exchange, Huobi was founded in 2013 and reportedly became the leading digital asset trading platform in China at that time. The company has seen investments from major corporations such as Sequoia Capital. The exchange has offices in several countries such as Singapore, Hong Kong, Japan, Korea, and is operating in over 130 countries. In November 2018 CryptoPotato interviewed the Head of Business Development & Investment in North America for Huobi’s Global Ecosystem Fund. The cryptocurrency exchange has marked the US as its next target for expansion. The post Cryptocurrency Exchange Huobi Begins Its Operations in Japan appeared first on CryptoPotato.

8 days ago

Binance will list PAX/TUSD and USDC/TUSD tonight with market...

Binance will list PAX/TUSD and USDC/TUSD tonight with markets priced in TrueUSD as the quote currency. Markets will… https://t.co/9j6RPeUCCr

9 days ago

Bitrue to Add 4 New XRP Base Pairs This Week

The team at Bitrue Crypto Exchange have announced that they will be adding 4 more trading pairs with XRP as the base. The digital assets that will now be paired with XRP are DistrictOx (DNT), Pundi X (NPXS), Propy (PRO) and HOT. The tweet making the announcement can be found below. #2 Week of 2019 @BitrueOfficial We're happy to bring to you: $HOT/ $XRP, $NPXS/ $XRP, $DNT/ $XRP, & $PRO/ $XRP! 4 NEW XRP Base-Pairs which shall arrive by end of the week! @Curis_Wang https://t.co/i7RmZi2Lxh pic.twitter.com/WoOFc0Wh8L — Bitrue (@BitrueOfficial) January 7, 2019 Other XRP Trading Pairs on Bitrue This announcement comes less than a week after Bitrue listed XRP base pairs with Tron (TRX), Stellar (XLM), NEO, GAS and OmiseGo (OMG). Prior to the 5 pairs above, XPR had already been paired with Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Gifto (GTO), Gemini Dollar (GUSD), Kyber Network (KNC), ChainLink (LINK), Litecoin (LTC), Paxos (PAX), QuarkChain (QKC), True USD (TUSD), WanChain (WAN), WaltonChain (WTC) and Ox (ZRX). The team at Bitrue also promised to pair XRP with Cardano (ADA) and VeChainThor (VET) in the near future. Bitrue’s 2018 Year in Review Bitrue was officially launched in April last year and has since managed to attract over 240,000 registered users globally. The exchange is currently ranked 56th on Coinmarketcap.com and according to daily trade volume. The exchange has handled over $16.6 Million worth of digital assets in the last 24 hours of trading - at the moment of writing this. The exchange has set a mission of listing more trading pairs in 2019 with XRP as the base. The exchange goes on to state that 3 out of its 5 most popular trading pairs involve XRP. They are BCH/XRP, ETC/XRP and LTC/XRP. More than 40% of Bitrue’s users are from Indonesia, Vietnam, India, Taiwan and US. The exchange has gone on to support three languages on its website interface: English, Chinese (Simplified), Chinese (Traditional), Japanese, Korean and Spanish. The mobile app supports English, Chinese (Simplified), Chinese (Traditional), Indonesian and Russian. What are your thoughts of Bitrue’s mission to list more trading pairs with XRP as the base? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Bitrue to Add 4 New XRP Base Pairs This Week appeared first on Ethereum World News.

10 days ago

Crypto Theses for 2019

The following piece originally appeared on Medium. It was written by The Block technical advisor Arjun Balaji and is republished here in its entirety with Arjun’s permission. If you would like to receive regular updates directly from Arjun, you can subscribe to his e-mail newsletter here. As another year wraps up, I started writing an email to close friends and investors on the “state of crypto” and my forecasts. As it got longer, it turned into this sprawling post. A few notes: This write up contains wide-ranging theses and obvious biases (my own) and is by no means authoritative. Please don’t nitpick. Where I make predictions, I try to be as specific as possible (inspired by SlateStarCodex’s format). Not all predictions are quantifiable. Some will be off and many will likely be directionally incorrect. That’s OK. Unless otherwise specified, my criteria for a liquid, actively-traded project “dying” is either (1) < $100k volume/$20m market cap or (2) primary development abandoned, whichever comes first. None of these predictions are normative; in many cases I see momentum in products or approaches I consider fundamentally flawed. C’est la vie—this is an attempt at a descriptive 2019 outlook. Index Bitcoin Ethereum Other Tokens Private Projects Stablecoins Crypto-funds Product Potpourri Crypto Companies Regulation Closing thoughts on prices and adoption Bitcoin 1) After a strong launch in 2018, I see Lightning Network growth continuing into 2019. I predict the number of Lightning nodes with channels will be ≥ 10,000 from ~2,100 now (60% confidence) due to the proliferation of node hardware and hosted solutions (e.g. Nodl.it, Casa’s node) and easy-to-deploy GUIs like Pierre Rochard’s node launcher. I predict network capacity will increase even more from ~$2m notional to ≥ $25m+ notional (75% confidence) due to the lifting of maximum channel limits, dual-funded channels, etc. 2) At least one major exchange will launch a Lightning Network hub for their users as confidence in the stability and security of the network grows over 2019 (50% confidence). If this occurs, my money is on Binance given their iteration speed and product chops or Coinbase, due to increased focus on adoption and “usage” of cryptocurrencies. I’m particularly excited about Cash App’s potential here given 1) they’re a business that understands Bitcoin 2) Jack sees Bitcoin as a path to “financial inclusion” and 3) Jack’s investment in Lightning Labs’ 2018 seed round. 3) A working implementation of Schnorr signatures, for which Pieter Wuille released a draft BIP in July, will make its way into Bitcoin via soft fork by the end of 2019 with ≥ 5% node adoption (75% confidence). 4) Low volatility and lower prices always attracts concern trolls and people who believe they can “change” Bitcoin for the better. The last two years have seen a lot of forks where the codebase is changed but the UTXO set is kept intact. In 2019, I expect to see the opposite: forks with technology kept intact (to merge future upstream changes) where the monetary policy or UTXO set is modified; an example being the Zclassic team forking Zcash to remove the Founder’s Reward). I predict 2019 will see a major fork proposal from Bitcoin OGs “fixing” post-block reward fee market sustainability either by re-appropriating Satoshi’s Bitcoin (e.g. my tongue-in-cheek tweet-proposal for “Bitcoin Freedom”) or by adding predictable, low inflation in favor of the fee-market (50% confidence). 5) 2018 was a big year for Bitcoin privacy and fungibility R&D, with proposals for Taproot and Graftroot from Gregory Maxwell in Q1, a draft BIP for theDandelion protocol in May, and an emergent path for a soft fork upgrade to Schnorr-based signatures. By the end of 2019, there will be a clear roadmap for “good enough” fungibility and privacy on Bitcoin’s base layer across a meaningful set of trade-offs (e.g., speed, confidence level, etc.) (50% confidence). 6) 2018 saw plenty of promising experiments building products around, with, and on top of Lightning. I anticipate 2019 will see significantly improved UX for developers who want to build with Bitcoin, including web3/Truffle-likeJavascript wrappers, hosted node services, better docs, tutorials, etc. which makes me very excited about the potential for new products. Ethereum 7) 2018 was a big year for proof of stake research with June’s deprecation of EIP 1011 (Hybrid Casper FFG), scrapping the hybrid PoW/PoS step in favor of moving to pure PoS. The next phase for Ethereum—first termed Shasper(Casper + Sharding), now called Serenity (Ethereum 2.0)—has six distinct phases, which stretch over several years. There are 8+ dev teams working on independent implementations including: ChainSafe Systems, building a JS implementation called Lodestar 50-person ConsenSys-backed PegaSys, building an enterprise-grade implementation in Java An independent group called Harmony, building a Java implementationbased on the original EthereumJ

11 days ago

Over 78% of Existing Gemini Dollars Are Held Huobi’s Wallets

An analysis of Huobi’s stablecoin wallets shows that it holds approximately $70.8 million Gemini dollar (GUSD), which equals 78.6% of the total GUSD supply. Huobi previously launched an all-in-one stablecoin wrapper called HUSD, which allows the deposit of TrueUSD, Paxos Standard, USD Coin, and Gemini dollar and then the ability to withdraw any of them regardless of which one was deposited. The other stablecoin wallets hold less than $7 million of the other three stablecoins combined, suggesting that there is a higher demand for the withdrawal of non-GUSD stablecoins. (JF)

11 days ago

Binance Added Ripple (XRP) As A Base Currency

Binance CEO, Changpeng Zhao, knows how to give XRP enthusiasts another reason to celebrate. Besides the fact that XRP surged from $0.30 to $0.40+ in less than a week, Binance added XRP as a base currency. We will be adding a couple trading pairs with XRP as the quote currency shortly. And rename ETH markets to ALTS market. Running out of space on the UI. Merry Xmas! — CZ Binance (@cz_binance) December 24, 2018 yes, the "base" is called quote currency, to be correct. Google it. — CZ Binance (@cz_binance) December 24, 2018 A lot of Ripple supporters used the #XRPthebase hashtag and their request was fulfilled by the Binance team. One of the main advantages of having XRP as a base pair is the fact that transactions could be solved in a matter of seconds. Instead of dealing with a 10-15 minutes transfer, people could actually purchase cryptocurrency now with XRP with a deposit that would arrive in seconds. The cryptocurrrencies that would have XRP as a base cryptocurrency on Binance will be chose internally by Binance, but priority will have the ones that donated to the Binance Charity, as CZ declared: We will prioritize adding more pairs for the projects that have donated to our charity at this (even thought we never mentioned this during our fund raising efforts). Happy holidays! — CZ Binance (@cz_binance) December 24, 2018 TRX/XRP And XZC/XRP Are Now Live! Trading for TRX/XRP and XZC/XRP is live since 24th December 2018, as a Binance announcement states: “Binance will add TRX/XRP and XZC/XRP trading pairs with XRP as the quote asset into the new Combined ALTS Trading Market (ALTS) at 2018/12/24 11:00 AM (UTC). The original ETH Trading Market (ETH) will be renamed into the ALTS Trading Market, to support more trading pairs with different quote currencies. Please note that ALTS does not represent a new coin or token. It is the symbol for Binance’s new Combined ALTS Trading Market.” This being said, there are a few changes to the Binance markets that will be listed below: Bitcoin (BTC) markets will keep their name. The groups of pairs that use BTC as a base currency will keep its name. Same will happen for the BNB ones, as the group of pairs that used BNB as a base currency will keep its spot. Ethereum markets was now replaced by “ALTS Market”. Due to adding XRP as a base currency, Binance considered that ETH & XRP should be listed under the ALTS market which is basically a drop-down menu from which you can select the cryptocurrency/ETH pair or the cryptocurrency/XRP pair. Its a group of pairs which lead us thinking that Binance will probably add a few more base currencies in the future. Stablecoins Markets (USDT,TUSD,PAX, USDC) - will keep their spot and these are called “USDⓈ Markets”. They represent a group of stable cryptocurrencies which anyone can chose from in order to exchange their cryptocurrency to a USD stable value. Image Source: Pixabay The post Binance Added Ripple (XRP) As A Base Currency appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

12 days ago

USD-based stablecoin producer TrustToken hires former Coinbase exec Vaishali Mehta

California-based cryptocurrency exchange platform Coinbase has lost yet another executive, CoinDesk reports. Vaishali Mehta has joined the ranks of high ranking company employees who have decided to depart from the industry unicorn within the past few months. Mehta, who was previously Coinbase’s Senior Compliance Manager, will now join the TrueUSD stablecoin producer TrustToken as Head of Compliance. “Crypto is an exciting place and I have been lucky to have been a part of this ‘madness,’” Mehta told CoinDesk. “I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.” Mehta’s previous experience includes four years of anti-money laundering work for Deutsche Bank as Head of BSA/AML at their New York office. Her new employer has started 2019 strong, with their USD-backed stablecoin’s market cap exceeding $200 million this Thursday. Last month, TrustToken successfully passed three independent smart contract security audits, with no vulnerabilities found in the process. The post USD-based stablecoin producer TrustToken hires former Coinbase exec Vaishali Mehta appeared first on The Block.

13 days ago

1/ We've successfully completed the TrueUSD (TUSD) smart con...

1/ We've successfully completed the TrueUSD (TUSD) smart contract upgrade! The new TrueUSD address is 0x00000000000… https://t.co/gUVsrrn98l

13 days ago

The TrueUSD smart contract will be upgraded today (Jan 3rd, ...

The TrueUSD smart contract will be upgraded today (Jan 3rd, 2019) at 7pm PST. The old smart contract will continue… https://t.co/UUEUZA1TpL

13 days ago

Thanks @ZBGofficial for listing TrueUSD, making it easier fo...

Thanks @ZBGofficial for listing TrueUSD, making it easier for more #crypto traders to transition to a reliable, reg… https://t.co/AiP0rXaNqh

14 days ago

Bitfinex announces margin trading for Tether [USDT] with USD pair

Bitfinex, one of the leading exchange platform around the world, has been on the cryptocurrency space radar because of Tether [USDT] for several months now. The supposed stable coin has been accused of not have the USD backing it claims to have, leading the coin in losing its peg against the dollar on several notes. This also resulted in the exchange platform taking the hit from the majority of the market, because of its support to the stable coin. However, the exchange has lately been in the spotlight because of its decisions related to the cryptocurrency. Earlier today, Bitfinex announced that they have opened margin trading for the coin, pairing it against the US dollar. The aim of the exchange behind this new trading option is stated to be the improvement of their stable coin offering “in line with market evolution and consumer demand”. They said in their official announcement: “Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery, but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins. Along with a dedicated lending market, USDT will be available as collateral for margin positions.” In general terms, margin trading refers to a trading option that allows uses to open a position with leverage, borrowed money that can be used to trade on an exchange. The exchange will loan coins to users and, in turn, makes the profit from the interest charged on the borrowed coins. With this feature, users can short sell and opt for a long position, based on their preference. Additionally, the exchange has also announced that they will be opening margin trading for other major stable coins as well. They claimed to do this once the coins have gained enough liquidity in the market. WhalePanda, co-host of Magical Crypto Friends, said on Twitter: “Genius move by @bitfinex. $USDT fudders can margin short it now and put their money where their mouth is.” DaFlex, a Twitterati said: “And if they are right they can.... errrrr I guess they can go f**k themselves cos bfx would collapse lol and if they are wrong they can close for zero movement.... pointless lol” Jonas, another Twitterati said: “Actually it makes much sense. Now its easy af to arbitrage between USDT and USD so price swings should be insignificant.” Recently, the exchange platform announced their support to all the major stable coins on their platform and on Ethfinex. This includes TrueUSD [TUSD], Circle coin [USDC], Paxos [PAX], and Gemini Dollar [GUSD]. Along with this support, the platform stated that all the stable coins would be traded against USD. Prior to this announcement, the exchange opened up USD/ EUR market for the Tether. The post Bitfinex announces margin trading for Tether [USDT] with USD pair appeared first on AMBCrypto.

a month ago

Bitfinex Announces a New Trading Pair for USDT-USD Margin Trading

TL;DR In an attempt to meet customer demand, Bitfinex has decided to offer a USDT/USD trading pair for margin trading. The move also has a goal of improving the platform’s stablecoin offering. Previously, in early December, Bitfinex also made a move on stablecoins by making six of them available for trade. Bitfinex has just announced a new trading pair for margin trading, which will become available from 11:30 am UTC. The new trading pair, USDT/USD, is expected to improve the trading platform’s stablecoin offering. According to Bitfinex’s new blog post, the move was made to satisfy customer demand, and bring the platform in line with the current market evolution. Margin trading for USDT/USD pair on Bitfinex is now open. Read our announcement for more on what this means for our traders: https://t.co/kYZP6R1Yzq pic.twitter.com/wc5zsN4sh2 — Bitfinex (@bitfinex) December 21, 2018 Bitfinex also states that their goal is to ensure that the platform meets the need of their traders and offer market differentiating order types for as many trading strategies as possible. By introducing the ability to trade Tether (USDT) against the US dollar, the platform hopes to provide professional traders with even more efficient price discovery. Also, the move will significantly increase risk management, as well as unlock the necessary ability to hedge the stablecoin exposure. Because of this move, Tether will receive a new use case, where it will be available as collateral for margin positions. Bitfinex also acknowledged that right now, stablecoin margin trading will be limited to this trading pair alone. However, the announcement also states that the exchange has plans to introduce additional stablecoin-based trading pairs in the future, as part of their commitment to providing alternative solutions within the platform. Bitfinex offering all six major stablecoins Recently, on December 4th, Bitfinex has announced that it will allow trading of six major stablecoins, which is a move that was mirrored by Ethfinex. Stablecoins now available for trading within these platforms include Tether (USDT), USD Coin (USDC), True USD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), as well as DAI (DAI). From today customers can access all major stablecoins at Bitfinex, as we introduce USDC, True USD, Paxos, and Gemini USD to our existing Tether and Dai offering. Read more about our recent additions here: https://t.co/VCGSIfZbPd. — Bitfinex (@bitfinex) December 4, 2018 At the time, Bitfinex also stated that deposits and withdrawals of said stablecoins would be limited to verified traders only. Meanwhile, the process of trading itself does not depend on the verification status. These moves come as part of the platform’s goal to remain true to their traders and investors and to provide them with as many trading options as they desire. The post Bitfinex Announces a New Trading Pair for USDT-USD Margin Trading appeared first on CryptoPotato.

a month ago

Breaking: Bitfinex Announces a New Trading Pair for USDT-USD Margin Trading

TL;DR In an attempt to meet customer demand, Bitfinex has decided to offer a USDT/USD trading pair for margin trading. The move also has a goal of improving the platform’s stablecoin offering. Previously, in early December, Bitfinex also made a move on stablecoins by making six of them available for trade. Bitfinex has just announced a new trading pair for margin trading, which will become available from 11:30 am UTC. The new trading pair, USDT/USD, is expected to improve the trading platform’s stablecoin offering. According to Bitfinex’s new blog post, the move was made to satisfy customer demand, and bring the platform in line with the current market evolution. Margin trading for USDT/USD pair on Bitfinex is now open. Read our announcement for more on what this means for our traders: https://t.co/kYZP6R1Yzq pic.twitter.com/wc5zsN4sh2 — Bitfinex (@bitfinex) December 21, 2018 Bitfinex also states that their goal is to ensure that the platform meets the need of their traders and offer market differentiating order types for as many trading strategies as possible. By introducing the ability to trade Tether (USDT) against the US dollar, the platform hopes to provide professional traders with even more efficient price discovery. Also, the move will significantly increase risk management, as well as unlock the necessary ability to hedge the stablecoin exposure. Because of this move, Tether will receive a new use case, where it will be available as collateral for margin positions. Bitfinex also acknowledged that right now, stablecoin margin trading will be limited to this trading pair alone. However, the announcement also states that the exchange has plans to introduce additional stablecoin-based trading pairs in the future, as part of their commitment to providing alternative solutions within the platform. Bitfinex offering all six major stablecoins Recently, on December 4th, Bitfinex has announced that it will allow trading of six major stablecoins, which is a move that was mirrored by Ethfinex. Stablecoins now available for trading within these platforms include Tether (USDT), USD Coin (USDC), True USD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), as well as DAI (DAI). From today customers can access all major stablecoins at Bitfinex, as we introduce USDC, True USD, Paxos, and Gemini USD to our existing Tether and Dai offering. Read more about our recent additions here: https://t.co/VCGSIfZbPd. — Bitfinex (@bitfinex) December 4, 2018 At the time, Bitfinex also stated that deposits and withdrawals of said stablecoins would be limited to verified traders only. Meanwhile, the process of trading itself does not depend on the verification status. These moves come as part of the platform’s goal to remain true to their traders and investors and to provide them with as many trading options as they desire. The post Breaking: Bitfinex Announces a New Trading Pair for USDT-USD Margin Trading appeared first on CryptoPotato.

a month ago

Bitfinex introduces margin trading for Tether

Bitfinex announced Friday that it will open margin trading for USDT/USD pair “improving [their] stablecoin offering in line with market evolution and consumer demand.” Bitfinex said that the addition of margin trading allows for more efficient price discovery but it will also allow traders “to hedge the exposure taken on stablecoins.” Tether will also be available as collateral for margin positions. In late November, Tether reopened direct redemption on Tether’s website while Bitfinex added USDT/USD pair for the first time. In early December, Bitfinex added USDC, TrueUSD, Paxos, and Gemini dollar. The company said that there are plans in place to introduce margin trading for other major stablecoins “when sufficient liquidity is reached” as part of the commitment to providing a coin agnostic platform. The post Bitfinex introduces margin trading for Tether appeared first on The Block.

a month ago

Breaking: Bitfinex Announces A New Trading Pair for Margin Trading

TL;DR In an attempt to meet customer demand, Bitfinex has decided to offer a USDT/USD trading pair for margin trading. The move also has a goal of improving the platform’s stablecoin offering. Previously, in early December, Bitfinex also made a move on stablecoins by making six of them available for trade. Bitfinex has just announced a new trading pair for margin trading, which will become available from 11:30 am UTC. The new trading pair, USDT/USD, is expected to improve the trading platform’s stablecoin offering. According to Bitfinex’s new blog post, the move was made to satisfy customer demand, and bring the platform in line with the current market evolution. Margin trading for USDT/USD pair on Bitfinex is now open. Read our announcement for more on what this means for our traders: https://t.co/kYZP6R1Yzq pic.twitter.com/wc5zsN4sh2 — Bitfinex (@bitfinex) December 21, 2018 Bitfinex also states that their goal is to ensure that the platform meets the need of their traders and offer market differentiating order types for as many trading strategies as possible. By introducing the ability to trade Tether (USDT) against the US dollar, the platform hopes to provide professional traders with even more efficient price discovery. Also, the move will significantly increase risk management, as well as unlock the necessary ability to hedge the stablecoin exposure. Because of this move, Tether will receive a new use case, where it will be available as collateral for margin positions. Bitfinex also acknowledged that right now, stablecoin margin trading will be limited to this trading pair alone. However, the announcement also states that the exchange has plans to introduce additional stablecoin-based trading pairs in the future, as part of their commitment to providing alternative solutions within the platform. Bitfinex offering all six major stablecoins Recently, on December 4th, Bitfinex has announced that it will allow trading of six major stablecoins, which is a move that was mirrored by Ethfinex. Stablecoins now available for trading within these platforms include Tether (USDT), USD Coin (USDC), True USD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), as well as DAI (DAI). From today customers can access all major stablecoins at Bitfinex, as we introduce USDC, True USD, Paxos, and Gemini USD to our existing Tether and Dai offering. Read more about our recent additions here: https://t.co/VCGSIfZbPd. — Bitfinex (@bitfinex) December 4, 2018 At the time, Bitfinex also stated that deposits and withdrawals of said stablecoins would be limited to verified traders only. Meanwhile, the process of trading itself does not depend on the verification status. These moves come as part of the platform’s goal to remain true to their traders and investors and to provide them with as many trading options as they desire. The post Breaking: Bitfinex Announces A New Trading Pair for Margin Trading appeared first on CryptoPotato.

a month ago

Press Release: Three Things You Need to Beat Crypto in 2019

2018 has been a pretty tough year for crypto, there’s no denying that. This Bear market has been hard on almost everyone (unless you’re totally ahead of the game), and has brought about some unexpected changes to the cryptocurrency scene. With that being said, many analysts are optimistic about things turning around in 2019. We’re hoping they’re right, but if not we thought we should put together a list of things that you can do to beat the crypto markets in the new year. 3. HODL Crypto-holders/ buyers/ traders/ enthusiasts need to calm down and HODL (hold on for dear life). This year has been quite volatile for crypto and we’ve seen crypto users either buying tokens in large quantities or selling up. For example, (albeit this was last year) we saw individuals actually taking second mortgages out on their houses to buy BTC when it peaked in mid-December of 2017. If you’re looking for ways to bring in income with your crypto but are going to HODL, consider staking your tokens. You can stake most cryptocurrencies and thereby either reduce fees or bring in passive income. Make smart, well-informed decisions and occasionally sit out whatever so-called “gold rush” people are making a huge fuss about. 2. Research Research, research, research. We cannot stress this enough. If you’re new to crypto (or even if you’re an old-hand!) you need to research before you act. Too often we hear of individuals losing massive amounts of cash on bad investments and that’s often down to them not doing enough research into the token/ICO they’re buying into. If you’re using crypto for investment purposes you need to treat it like you would any other investment, monitor the markets and learn what will work and what won’t It’s also a great idea to find a seasoned investor to guide you. There are resources out there (such as the next tip on the list) that can provide you with a better understanding of how to invest in crypto, and how to build your way up to being the best retail investor out there. 1. Vertex If you’re new to crypto and are looking for a safe environment to trade, think about trying Vertex Market. Vertex is the world’s first OTC market for tokens, where you can access exclusive coins at highly preferential rates. All of the tokens available on the platform have been screened by Vertex and are therefore fantastic options. You’ll find major coins like BTC and ETH as well as alt-coins including VTEX (Vertex’s own utility coin), TUSD, and REP. Vertex is a revolutionary platform, where you’ll be able to access multiple digital assets with only one KYC. Anyone can buy or sell on Vertex as transactions are done P2P, but with the added security of a legitimate platform behind you. Over-the-counter trading has never been easier or more secure than it is with Vertex. Vertex can be an invaluable tool for traders looking to beat the crypto markets in 2019. It helps you make secure, transparent trades in exclusive coins with an ease of use not seen before in crypto. It really is something completely unique and we cannot recommend it highly enough. So, are you ready to start trading with Vertex? Head to https://vertex.market to register now. Obviously trading comes with risks but you don’t have to go in blind. With that being said, it’s crucial that you also don’t give into FUD (fear, uncertainty and doubt). There can be a lot of undue fear-mongering in this Bear market and more often than not there’s no real reason for alarm. It’s important to remember not to get in over your head and you’ll be fine - we’re looking forward to a prosperous 2019. This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Press Release: Three Things You Need to Beat Crypto in 2019 appeared first on NullTX.

a month ago

Three Things You Need to Beat Crypto in 2019

2018 has been a pretty tough year for crypto, there’s no denying that. This Bear market has been hard on almost everyone (unless you’re totally ahead of the game), and has brought about some unexpected changes to the cryptocurrency scene. With that being said, many analysts are optimistic about things turning around in 2019. We’re hoping they’re right, but if not we thought we should put together a list of things that you can do to beat the crypto markets in the new year. HODL Crypto-holders/ buyers/ traders/ enthusiasts need to calm down and HODL (hold on for dear life). This year has been quite volatile for crypto and we’ve seen crypto users either buying tokens in large quantities or selling up. For example, (albeit this was last year) we saw individuals actually taking second mortgages out on their houses to buy BTC when it peaked in mid-December of 2017. If you’re looking for ways to bring in income with your crypto but are going to HODL, consider staking your tokens. You can stake most cryptocurrencies and thereby either reduce fees or bring in passive income. Make smart, well-informed decisions and occasionally sit out whatever so-called “gold rush” people are making a huge fuss about. Research Research, research, research. We cannot stress this enough. If you’re new to crypto (or even if you’re an old-hand!) you need to research before you act. Too often we hear of individuals losing massive amounts of cash on bad investments and that’s often down to them not doing enough research into the token/ICO they’re buying into. If you’re using crypto for investment purposes you need to treat it like you would any other investment, monitor the markets and learn what will work and what won’t It’s also a great idea to find a seasoned investor to guide you. There are resources out there (such as the next tip on the list) that can provide you with a better understanding of how to invest in crypto, and how to build your way up to being the best retail investor out there. Vertex If you’re new to crypto and are looking for a safe environment in which to invest, think about trying Vertex Market. Vertex is the world’s first OTC market for tokens, where you can access exclusive coins at highly preferential rates. All of the tokens available on the platform have been screened by Vertex and are therefore fantastic options for investment. You’ll find major coins like BTC and ETH as well as alt-coins including VTEX (Vertex’s own utility coin), TUSD, and REP. Vertex is a revolutionary platform, where you’ll be able to access multiple digital assets with only one KYC. Anyone can buy or sell on Vertex as transactions are done P2P, but with the added security of a legitimate platform behind you. Over-the-counter trading has never been easier or more secure than it is with Vertex. Vertex can be an invaluable tool for traders looking to beat the crypto markets in 2019. It helps you make secure, transparent investments in exclusive coins with an ease of use not seen before in crypto. It really is something completely unique and we cannot recommend it highly enough. So, are you ready to take your next investment step with Vertex? Head to https://vertex.market to register now. Obviously investing comes with risks but you don’t have to go in blind. With that being said, it’s crucial that you also don’t give into FUD (fear, uncertainty and doubt). There can be a lot of undue fear-mongering in this Bear market and more often than not there’s no real reason for alarm. It’s important to remember not to get in over your head and you’ll be fine - we’re looking forward to a prosperous 2019. This is a sponsored story. EWN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The post Three Things You Need to Beat Crypto in 2019 appeared first on Ethereum World News.

a month ago

Crypto Arbitrage Today: TUSD, USDT, XMR, BTG, EOS, TRX

One would somewhat expect there to be fewer arbitrage opportunities when all cryptocurrency markets are as bullish as they are right now. That is anything but the case, as the gaps are still there waiting to be exploited. The following six opportunities can yield traders some good profits. It is a good time to be involved in cryptocurrency when all markets look this healthy. TUSD (Gate / VeBitcoin) It is always interesting to see new arbitrage opportunities arise where stablecoins are concerned. Although one expects stablecoins to have the same value on all exchanges, that is hardly ever the case. TrueUSD, or TUSD, is currently 2.06% cheaper on Gate compared to Vebitcoin. That makes for a very interesting direct arbitrage option to explore, as stablecoins always have decent enough liquidity between different trading platforms. Monero (Bittrex / Kraken / Bitfinex) It is always good to see Bitfinex getting involved in altcoin arbitrage options. When buying XMR on Bittrex, selling it on Bitfinex can yield a quick 2.78% profit. One could also try to sell funds on HitBTC, as its price is 1.77% higher compared to both Bittrex and Kraken. All of these options are very appealing to explore throughout the day, as no one has ever rejected easy profits in the cryptocurrency industry. Bitcoin Gold (Koineks / Bitfinex / Sistemkoin) A few interesting options exist for those who want to flip Bitcoin Gold between exchanges for some quick profits. Buying on Koineks will let traders sell BTC on Bitfinex, Sistemkoin, HitBTc, or Gate for a quick profit. As of right now, the Koineks - Bitfinex option yields the highest profit at 4.4%. Using Gate to sell BTG will yield the least profit of just under 1%. Tron (Binance / KuCoin / HitBTC) As the year 2018 slowly comes to close, the number of crypto arbitrage opportunities involving HitBTC is slowly rising once again. For TRX, buying on Binance or KuCoin and selling on HitBTC can yield a respectable profit of 1.8% with little effort involved. There is also an option to buy on Binance and sell on Sistemkoin for a 1.2% profit. Every option needs to be explored when trying to make money these days. USDT (Bittrex / Sistemkoin) As has become somewhat the new normal in the arbitrage world, there is always more than one stablecoin presenting a nice gap. In the case of USDT, the value on Bittrex is relatively low compared to Sistemkoin. For users willing to explore this price difference, there is an easy 1.6% profit waiting to be pocketed. It is on par with the TUSD opportunity listed above, which further confirms there is good money to be made with stablecoins outside of direct Bitcoin and altcoin trading. EOS (Binance / KuCoin / HitBTC) Not a day has gone by in the past week without an EOS arbitrage trading opportunity rising to the surface. For today, it seems the prices on Binance and KuCoin are lower compared to HitBTC. Traders who want to take a gamble on these opportunities can expect an average gain of 2.2%, which is a more than respectable figure first and foremost. Information provided by Arbing Tool. 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. The post Crypto Arbitrage Today: TUSD, USDT, XMR, BTG, EOS, TRX appeared first on NullTX.

a month ago

TrustToken Reports Positive Results on 3 Security Audits

On December 19 TrustToken revealed that its smart contract successfully passed three security audits conducted by Certik, SlowMist, and Zeppelin. Zero vulnerabilities were exposed and this means that its TrueUSD stablecoin is the first to successfully pass three independent audits. Furthermore, TrueUSD stablecoin recently notched $1.1 billion in monthly trading volume and the stablecoin has reached a $200 million market cap. TrueUSD is pegged to the U.S. dollar and TrustToken secures the stablecoin by storing the dollars in multiple third-party trust companies that are regulated by the State of Nevada Financial Institutions Division. (RS)

a month ago

TrueUSD Partners with NEXO to Allow Holders to Obtain Instant Loans on Cryptocurrency

On Wednesday TrueUSD announced that they had successfully passed three individual security audits and this shows that the stablecoin is not subject to bugs, exploits, hacks or any other intrusion that could enable the creation of new units and alter the digital asset’s price. This positive news likely inspired confidence in crypto-lending platform Nexo, and on Wednesday both companies announced that they would partner to provide crypto to fiat loans. Nexo allows users to stake (lockup) digital-assets and obtain a loan based on their real-time value. According to TrueUSD co-founder Tory Reiss, “Nexo allows you to lock up your crypto and then get cash out without selling it because you’re basically just taking a loan against your crypto balance. There’s no taxable event.” Reiss explained that Nexo’s partnership with TrueUSD guarantees each loan seeker will receive “almost 95% of the value of the TrueUSD that you lock up.” At the moment the minimum loan amount is $1,000 and TrueUSD holders can liquidate into fiat if the amount is larger than $10,000. (RS)

a month ago

Exclusive: TrueUSD Partners with Nexo to Provide Holders With Instant Loans on Cryptocurrency

In all the huff and shuffle surrounding the several recent stablecoin offerings, even the most dutiful reader might have overlooked TrueUSD (TUSD). However, December has turned out to be an eventful month for the stablecoin, as they today announced that they are the first which has successfully passed three separate security audits. This means that

a month ago

Tron [TRX] sets another precedent in terms of mainnet accounts along with gaining support from Binance

The week started with the bull gracing the cryptocurrency market as all the currencies are seen glowing green. Additionally, majority of the currencies are trying to break through their resistance, sprinkling hopes on the investors. The rally started on Monday with all the currencies witnessing a sudden surge as the money started flowing into the market. This includes currencies in the top charts such as Bitcoin [BTC], XRP, Ethereum [ETH], Cardano [ADA], and Tron [TRX]. This week has turned out to be the most spectacle one for Tron [TRX], the tenth largest cryptocurrency by market cap. This is mainly because it marked a new milestone in terms of network transactions, breaching the three million barrier. Moreover, the ecosystem that aims to be a developer friendly one, also saw an overall growth of above 100 million in terms of total network transaction within 173 days. On this, Tron Foundation said: “#TRON is growing every day. We welcome more developers to build #DApps on our network with fast transactions per second and low cost.” Now, it has set another precedent as the total accounts on the mainnet has set a new record, surpassing over 900k accounts. Justin Sun, the CEO and Founder of Tron Foundation said on Twitter: Justin Sun’s tweet on the mainnet accounts | Source: Twitter Along with this, the cryptocurrency gained additional support from Binance, the biggest cryptocurrency exchange platform in terms of trade volume. The currency can now be traded on the platform with TrueUSD [TUSD], one of the leading stable coins in the market. Kno idea Tron, a Twitterati said: “All..notice everything is increasing simultaneously .. accounts Followers Transactions” Block Evans, another Twitterati said: “seriously though, great news, Like Justin Said, just wait 2 more years and see where we are!” According to CoinMarketCap, at press time, the cryptocurrency was trading at $0.0143 with a market cap of $955.57 million. The coin has a trade volume of $92.52 million and has seen a significant growth of more than 8% in the past seven days. The post Tron [TRX] sets another precedent in terms of mainnet accounts along with gaining support from Binance appeared first on AMBCrypto.

a month ago

TrueUSD [TUSD] pairs with Tron [TRX], Cardano [ADA] on Binance

Binance, the biggest cryptocurrency exchange in the world added two new pairs of the stable coin, TrueUSD [TUSD], which sits on the sixth position on the cryptocurrency rankings. In its official announcement, Binance also warned investors against the risk that is present in the cryptocurrency market wherein it wrote: “Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your investment losses.” Tron and Cardano, the newly added pairs with TUSD have had their own struggles with each other as they vie for the tenth spot on the cryptocurrency rankings. About two weeks back, TRX surpassed ADA to claim its position in the top-10 coins. There is a gap of merely a million dollars in the market caps of both the coins as Tron’s market cap is calculated at $9.6 million whereas Cardano’s market cap currently remains at $8.7 million. The 24-hour trade volume of both the coins differ by about $5 million wherein Tron has more trade volume than ADA. On the reports related to Binance, the news recently came out that it is one of the only cryptocurrency exchanges, apart from Bitfinex that does not fake its cryptocurrency trade volume. Moreover, the report published by Blockchain Transparency revealed that most of the top-25 cryptocurrency exchanges display fake trade volumes on their charts. CoinMarketCap [CMC], that still remains one of the most popular crypto-data collectors in the blockchain space has come across many allegations of displaying manipulated figures. The report marked this trait of the online portal and confirmed the claims made earlier regarding price manipulation and fake figures of CMC. Xrp33AG66global, a Twitter user commented: “Xrp which is bigger in market, popularity and soon to be 1, doesn’t get a pair it doesn’t make sense?” TSejdiu, another Twitter user said: “Is there more coins coming with usdt and bnb maybe Salt coin bitcoin diamond and monero!?” The post TrueUSD [TUSD] pairs with Tron [TRX], Cardano [ADA] on Binance appeared first on AMBCrypto.

a month ago

Tron (TRX) and Bitcoin Cash (BCH) Surge Amid Crypto Market Recovery

Crypto Market Booms, Bitcoin (BTC) Well Above $3,600 For the first time in what seems like a millennium, the cryptocurrency market has posted stellar performance two days in a row. At the time of writing, per data compiled by Live Coin Watch, the aggregate value of all cryptocurrencies has risen to $122.7 billion — a $7.1 billion increase from Monday and a $19 billion increase since the weekend’s average. A bulk of this market cap shift can be attributed to altcoins’ monumental gains, catalyzed by an influx of buy-side volume ($9.8 billion 24-hour volumes) with Bitcoin Cash (BCH) and Tron (TRX) both posting double-digit gains that would make leverage traders envious. Crypto assets performed so well that BTC market dominance fell to 53.14%, down from the 54% posted yesterday. Regardless, Bitcoin has seen its fair share of legs to the upside in the past day. After range trading around the $3,500 yesterday, the prominent cryptocurrency began to surge on Tuesday afternoon, moving above $3,500 to $3,640 in 30 minute’s time. And since that move, which occurred around two hours ago, BTC has been on the up-and-up, now finding itself above $3,700 on Coinbase, with seeming intent to head higher. At the time of writing, BTC is up 5% in the past 24 hours, with this respectable uptick being backed by a jaw-dropping $6 billion in trading volume. However, not everyone is convinced that crypto’s so-called “relief rally” will last. Singapore-based Stephen Innes, the head of Asia Pacific trading at Oanda, recently noted that in the short-term, cryptocurrencies could post lower lows. Speaking with MarketWatch on the matter, the trader explained that “looking at the hand that [has been] dealt,” Oanda expects for cryptocurrencies to “trader lower,” until investors can justify and determine proper valuations — or in other words, price discovery. Innes specifically noted that with global markets “veering south, the fact that” crypto-friendly investors haven’t been able to stabilize BTC’s action is a worrying sign. In an interview with NewsBTC, Innes doubled-down on his belief that negative catalysts will drive prices lower for the time being. The Oanda representative specifically drew attention to governmental intervention as a cause for concern for crypto’s underlying valuation model. Yet, the industry commentator isn’t all too bearish, as Innes explained that eventually, he expects for blockchain technology to garner global adoption, further providing a “solid footing for cryptocurrencies.” Tron (TRX) Surges 15% Amid this market recovery, Tron, also known as TRX, saw a strong move to the upside. At the time of writing, the popular coin is up by 13%, moving to become the tenth most capitalized cryptocurrency in existence. And interestingly, unlike a majority of other assets, there are fundamental reasons behind TRX’s sudden move higher. Binance, for instance, recently revealed that it would be pairing TRX with TUSD, an important step towards improving liquidity in cryptocurrency markets. CEO Justin Sun, whose brainchild is the Tronix project, recently took to Twitter to report that Tron recently surpassed a key network milestone. This, as depicted below, is the creation of 900,000 mainnet accounts, which comes just 178 after the project migrated from Ethereum to its own native platform. Congratulations on #TRON mainnet accounts surpassed 900k in 178 days. #TRX $TRX pic.twitter.com/H6TDt1ddKp — Justin Sun (@justinsuntron) December 18, 2018 Just days before that, the mainnet surpassed 100 million processed transactions, which indicates that Tron has continued to see monumental levels of interest, in spite of the crypto bear market. This is likely due to the popularity of the network’s dApp offerings. This jaw-dropping milestone came a single day after Tron set a new record of 2.64 million transactions in a single day. On that day, this 2.64 million sum was purportedly 9.6x more than the number of transactions processed on Bitcoin, 4.6x Ethereum, 4.1x XRP, 188x Tether, and 264x Stellar. #TRON's new record of 2,64 million daily transactions in comparison w/ the Top 5 #crypto#TRX 2,646,532 Txs volume is: 9.6 times more than #Bitcoin's 275k4.6 x #Ethereum's 567k4.1 x #Ripple's 633k188 x #Tether's 14k264 x #Stellar's 10k#IAmDecentralized #TronFOMO$TRX pic.twitter.com/USVIQ6Jspf — Misha Lederman (@mishalederman) December 15, 2018 Bitcoin Cash (BCH) Surpasses Tether, Litecoin Tuesday’s continued market recovery has seen Bitcoin Cash (BCH), like Tron, perform quite well for itself. As reported by Ethereum World News on the weekend, after last week’s sell-off, the market capitalization of Litecoin (LTC) began to surpass that of BCH. Now, however, BCH has boomed, posting a 24.55% performance in the past 24 hours, moving above $110 for the first time in days. The asset’s capitalization has now surpassed that of Tether (USDT) and LTC. Title Image Courtesy of Drew Graham on Unsplash The post Tron (TRX) and Bitcoin Cash (BCH) Surge Amid

a month ago

550,000+ Hotels in 210 Countries Can Now be Booked with XRP

CoinSpeaker 550,000+ Hotels in 210 Countries Can Now be Booked with XRP When it comes to planning holidays somewhere abroad, most of us turn to such popular services as Booking.com or AirBnB, which allow for booking accomodation of any type, from luxury hotels to separate rooms in rental flats or beds in youth hostels, in any country around the globe. Such services allow for online payments which are well-familiar for the majority of people since bank cards, which allow for instant conversion to any fiat currency available in the world, came into our lives. But what about those, who tries to keep up with the time and prefer to enjoy their holidays instead of losing significant sums on conversion, while booking accomodation? Travel website Travala.com, which is commonly reffered to as the AirBnB on the blockchain, is right here to offer such an option. As it was reported on the Travala.com official web-site on December 14, Ripple’s native XRP has also been successfully added to the platform: “You can now book 550,000+ hotels in 210 countries using @ripple $XRP. Travel to 82,000+ destinations worldwide on http://Travala.com the next-gen online travel agency@travalacom.” This announcement was followed by a similar announcement later the same day when the team at Travala.com mentioned the future intention to include DASH as another cryptocurrency payment method to be implemented into the website, so that to take the total number of crypto-currencies supported by the platform to ten. The travel website currently accepts Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS (EOS), Binance Coin (BNB), Stellar Lumens (XLM), True USD (TUSD), XRP (XRP), and its own native coin AVA. Despite the platform’s growing success, the AVA token has been unable to escape the general crypto bloodletting of 2018. It currently trades at $0.13, which is 63% lower in comparison to its initial price of of $0.35 in April this year. Concerning the recent months, which turned out to be difficult times for most crypto assets, it cannot but be mentioned that Ripple’s XRP was one that managed not only to survive, but also to succeed, establishing new significant partnerships and listings. At the beginning of December, the internet payment system Skrill has announced successful adding of XRP to its platform. And a few days later, it was reported that Omni, a rental service company, began active cooperation with Ripple for utilizing XRP to provide customers with better liquidity. According to Asheesh Birla, Senior Vice President of Product Management at Ripple, one of the reasons why XRP continues to grow in such difficult times is the Ripple team’s pragmatism that anti-fiat approach does not work right now: “We decided to work with financial institutions and I think that has paid off, but you also have to think about all the financial requirements and regulations. In 2013 there was that Bitcoin maxim of “we don’t need any of that. We don’t need government or banks or corporations anymore, just Bitcoin.” That approach doesn’t work. Working with financial institutions and regulators is a longer road, but it’s the right one.” To learn more about XRP coin, Ripple company and their innovative solutions, please check out our awesome guide. 550,000+ Hotels in 210 Countries Can Now be Booked with XRP

a month ago

Crypto Market Recovers with Tether and EOS Leading the Way

CoinSpeaker Crypto Market Recovers with Tether and EOS Leading the Way Stablecoins have been gaining dominance in the crypto market due to the continuous slide-down of other altcoins. In the last few months, a number of stablecoin projects have made an entry in the crypto space. Some of the recently announced stablecoin projects include Gemini Dollar (GUSD), Paxos Standard Token (PAX), and TrueUSD (TUSD). However, on Monday, the most popular stablecoin Tether (USDT) made its way to the top-five cryptocurrencies by market cap. For a short period of time, Tether occupied the top five spot. At the press time, Tether is at the sixth position with a market cap of $1.8 billion. Despite being surrounded with controversies in the last few months, Tether’s recent performance is quite notable. Tether lost nearly $700 million of its market cap in the last two months, but manage to hold back off lately. The growing dominance of the stablecoins in the crypto market shows the market outlook is bleak. Stablecoins are nothing but the digital form of fiat currencies. With the massive drop in the crypto space, investors pull-out their money from other tokens and park it into stablecoins. Out of the overall crypto market cap of $104 billion, stablecoins amount to $2.4 billion. The 2.3 percent dominance in the overall crypto space is significantly higher for stablecoins. EOS Shoots Up 25% to Grab the Number 4 Spot In the last 24-hours, EOS has surged over 25% to get the number 4 spot while surging above Stellar Lumens (XLM). The Ethereum challenger (EOS) is now just trailing behind it. At the press time, EOS is trading at a price of $2.47 with its market cap stands at $2.2 billion. The EOS price activity over the last week shows that there a significant confidence developing among investors for the EOS blockchain technology. EOS has posted the healthiest performance in the top 20 cryptocurrencies by market cap. As such, there’s no specific reason behind yesterday’s price-rise. However, EOS recently conducted a three-week workshop and hackathon in India. Moreover, it EOS Global Hackathon in Cape Town, South Africa, is just coming to the conclusion. The blockchain-based genomic big data platform GeneOS recently won $500,000 price rewards in the Block.one’s EOS Global Hackathon series. Team GeneOS were selected as the ultimate winners in our marathon #eoshackathon series at the Grand Finale earlier this month. We caught up with them just after the judges announced their decision. https://t.co/DaZkmkNSof — Block.one (@block_one_) December 17, 2018 Overall Cryptocurrency Market Gains Some Momentum In the last two days, the crypto market has shown a much-needed positive price swing. In the last 24-hours Bitcoin (BTC) has surged by nearly 8% to climb above $3500. At the press time, Bitcoin (BTC) is trading for $3536 with its market cap at $61.6 billion. Along with Bitcoin, other altcoins are showing price surge in the 7-15% range. XRP again reclaims its number two spot on the index leaving Ethereum at the third position. XRP has surged by over 15% while Ethereum has posted 9.5% gains. Once popular altcoins like Litecoin and Bitcoin Cash have slid down to the seventh and eighth position, respectively. On the other hand projects like EOS and Stellar have shown great development in recent times climbing up the ranks. It looks like as the crypto market moves towards attaining more maturity, quality projects are getting their due recognition. On the other hand, the ongoing hash war in Bitcoin Cash camp after the hard fork has developed a negative sentiment amongst investors. Crypto Market Recovers with Tether and EOS Leading the Way

a month ago

7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC

CoinSpeaker 7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC Coinbase decided to use 12 Days of Christmas promotion as their opportunity to promote their offerings and possibilities for their clients. The exchange launched its new 12 Days of Coinbase initiative and is publishing new features and services every day. USDC was introduced to the crypto and trading community by the CENTRE Consortium: a joint venture co-founded by Circle and Coinbase. The main goal of the stable coin was to establish a standard for fiat on the internet and provide a governance framework and network to foster global, mainstream adoption of asset-backed stablecoins. USDC is an ERC20 token. On November 21, Circle revealed the first attestation report for its USD Coin. The report was prepared by one of the largest accounting firms in the U.S, Grant Thornton LLP. It is said that this report for the stablecoin is just the first one in a row of reports that will be prepared on a monthly basis. In Coinbase they claim that for customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price. Each USDC is backed by one US dollar, which is held in a bank account. USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet, like Coinbase Wallet. They say they chose the Ethereum blockchain for USD Coin because of its status as the market leading smart contract platform and strong support from developers. They said: “USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people. Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USD Coin allows unbanked and under-banked individuals in any country to hold a US dollar-backed asset with nothing more than a mobile phone.” Why is It Beneficial? Unlike regular US dollars, USD Coin doesn’t require a bank account. It doesn’t require that you live in a particular geography. And you can send USD Coin around the world at an extremely low cost in just a few minutes. This opens a lot of possibilities. Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity. Unlike Tether, USDC operates in a much more transparent and trustworthy manner. The most practical application of a stable coin is the ability to move funds between exchanges quickly, and without having to worry about a change in value during that time. Moving US Dollars between a cryptocurrency exchange and the bank can take several days. Moving dollars between two exchanges also is rife with complications and delays. Bitcoin is quicker but can be very volatile. In November this year, Binance also announced that it was renaming its Tether (USDT) market to a combined Stablecoin Market (USDⓈ). The exchange explained that the move was to support more trading pairs with different stable coins as a base. The exchange went on to clarify that the new category is not a new stablecoin in itself. “Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market.” Since then, the exchange has added Paxos Standard Token (PAX) and TrueUSD (TUSD) to the new stablecoin market. According to the data provided by CoinMarketCap, at the press time, there are 201,803,383 USDC tokens in circulation with a total supply of 202,961,459 USDC. Let us also remind that in October USDC was listed by Coinbase which made it the first stablecoin supported by the exchange and the second ERC-20 token after the 0x token available for trading. 7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC

a month ago

XRP Now Accepted by Hotel Booking Platform “Travala.com”

Ripple’s XRP continues to expand as a cryptocurrency for all types of users, proving that it can be beneficial for players beyond the traditional clients within the financial system. In a strategic decision, Travala, one of the most important hotel bookings platforms in the crypto ecosystem added official support for XRP as a payment option. The platform, known to many as the Expedia or Airbnb of crypto, recently expanded its catalog of offerings to more than 550,000 properties available for booking in more than 210 cities around the world: Travala will add 400K properties in December This will be the first of a series of posts digging a little deeper into the features and updates for the new release. #travel #hotels #blockchain $neo $AVAhttps://t.co/afi1YsORkW — Travala.com (@travalacom) November 26, 2018 Travala: Using Crypto to Build a Successful Business With this announcement, XRP becomes the last cryptocurrency to be listed by the platform, joining other options such as BTC, LTC, ETH, DASH, BNB, EOS, ELM, TUSD and Travala’s native token AVA, which has had a bullish streak during the last week, going from 1743 sats to over 3800 sats in the last 30 days according to data from coinmarketcap.com The platform’s crypto marketplace started operating in July, powered by the blockchain platform NEO. Until now no further details have been revealed regarding the number of financial operations carried out on each token. Also, it is important to note that Travala’s token AVA, was listed by KuCoin on December 11 with BTC and ETH and pairs. Travala’s team explains that AVA makes it possible to increase the transparency of this platform: As a Next-gen Online Travel Agency (NOTE), fundamentally changes the relationship between the consumer of the future and their travel shopping. So far, the Ripple team has not provided significant statements in this regard, however, given the effort and the expansive vision of its team of developers it’ s understandable that the popular blockchain is used daily. XRP is currently in an area of relative stability, successfully testing the strong support around the 888 Satoshis. According to coinmarketcap figures, the RSI could be attractive for potential new buyers; however the MACD at 4 hours still shows no signs of a reversal of the bearish trend of recent days. Why Has Ripple Succeeded on Such Bearish Times? In a recent interview for Tech portal PCMag, Asheesh Birla, Senior Vice President of Product Management at Ripple, talked about his perspectives about the current situation of the cryptomarkes and why the price of a token is not as important as many people think. For Mr. Birla, this is just one more of many phases and the bearish market will be healthy for the ecosystem because it will help to get rid of useless projects: This is my third crash now in the crypto-market, and I am not phased by it. The flip side is that sometimes you crash and take out all the folks who are not focused on solving real problems and real use cases. And, I think you are going to see some really interesting companies come out of this next downturn. Birla believes that one of the resons behind the success of Ripple and the XRP’s rise as the most important altcoin is the pragamtism of the team. Ripple believes that an anti-fiat approach does not work right now: We decided to work with financial institutions and I think that has paid off, but you also have to think about all the financial requirements and regulations. In 2013 there was that Bitcoin maxim of “we don’t need any of that. We don’t need government or banks or corporations anymore, just Bitcoin.” That approach doesn’t work. Working with financial institutions and regulators is a longer road, but it’s the right one. The post XRP Now Accepted by Hotel Booking Platform “Travala.com” appeared first on Ethereum World News.

a month ago

The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the past few months. Also read: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited Japanese Regulator Renames Cryptocurrencies Japan’s Financial Services Agency (FSA) has decided to call all cryptocurrencies “crypto assets,” the country’s leading daily Yomiuri Shimbun reported. The reasoning behind the decision is to help traders avoid confusing digital coins with legal tender recognized by the government in Tokyo. The regulator notes the price of many cryptos fluctuates wildly, there’s no evidence of value and it’s often unclear who is issuing them. FCA’s advisory panel has produced a report this week in which its members claim the term “virtual currency” could cause misunderstanding, calling for its substitution. According to the document, the regulator’s recommendation is to revise all relevant Japanese laws and regulations. The revision is expected to cover different pieces of legislation such as the Payment and Services Law, which regulates the use of cryptocurrencies in the country. The panel has also emphasized the need to establish a mechanism aimed at protecting users in events such as a “cash outflow,” as reported by Japan Times, the newspaper’s English language edition. To achieve that, the Financial Services Agency intends to oblige Japanese companies operating with crypto assets to implement strict management systems. Cryptocurrency Is ‘Other Property’ Russian Ministry Says Russia’s Justice Ministry has once again confirmed the property status of digital currencies. According to an official statement, “cryptocurrency can be classified as an object of civil rights and be subject to obligations.” The document has been issued by the ministry in response to a request for a legal interpretation of the term and reaffirms a previously declared stance. The query has been filed by a group of traders who have been trying to attract the attention of Russian authorities to the case of the now inactive Wex crypto exchange, successor of the infamous BTC-e. They’ve published a copy of the statement in their Wex.nz Initiative Group Telegram channel. Wex users, who have been unable to withdraw their funds from the trading platform for months, have also filed complaints with the Interior Ministry in Moscow calling for an investigation. The Ministry of Justice further explains that cryptocurrencies cannot be accepted as “electronic money” and notes that the holders of digital coins cannot raise claims against their issuers. Nevertheless, the department states that “cryptocurrency has a property value recognized by its turnover” and falls under the “other property” category as defined by Russian law, an opinion expressed earlier this year by Russia’s justice minister Alexander Konovalov. To this day, cryptocurrencies remain unregulated in Russia, with several draft laws filed in parliament still under consideration. In its latest version, the main bill, “On Digital Financial Assets,” does not have the term “cryptocurrency” among its legal definitions. Members of the crypto community and industry organizations have called for its inclusion but according to a recent statement by the country’s deputy prime minister Maxim Akimov, authorities do not plan to make any significant amendments to the texts. Stablecoins See Rapid Growth, Report Claims Stablecoins have enjoyed growing adoption in recent months, reveals a report published by research company Diar. The transaction volumes of four new stablecoins - USDC, TUSD, GUSD and PAX - have increased by 1,032 percent, the authors claim. In terms of value, the total volume of transactions with the new stablecoins reached $2.3 billion in November, and $5 billion for a three-month period. According to Diar, the paxos standard token (PAX), the most popular among these currencies, has attracted $93 million of volume. Its transactions volume is twice that of USD coin (USDC), a dollar-pegged crypto developed by San Francisco-headquartered digital asset exchange Coinbase in cooperation with crypto payments startup Circle. At the same time, the indicator has decreased for Trusttoken’s trueusd (TUSD) during the month of December. Despite the significant drop in its capitalization last month, the most recognizable stablecoin, tether (USDT), is at the time of this writing the fourth largest digital currency by market capitalization. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, Diar. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to th

a month ago

Daily Cryptocurrency News - 14th December 2018

Another Red Day For The Market, Bitcoin Gets a New Low for 2018 Holidays are coming and crypto enthusiasts are hoping for the next bull run. As the days pass, it looks like we surely won’t see one, at least this year. Bitcoin is trading at $3,223.12 on Binance at the moment of writing the article, a 5.71% decrease since yesterday’s $3,450. Ripple is not doing too good either. The second cryptocurrency lost half of its last week’s average volume. The price of XRP is not sitting at $0.287 - a 10% loss since December 9th. The good part about XRP is that the BTC value is growing. Yesterday, XRP passed the 9,000 satoshi value again and it seems its building some resistance around it. Ethereum on the other hand is not doing well at all. After almost reaching $100 on December 9th, ETH is not trading below $85 - a decrease of more than 10% since last week. But the biggest losers of top 10 today are none others than Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV), proving that the hash war battle hurt BCH and its community. Even though Circle re-enabled BCH trading, the BCH continues its decrease. Sitting at $81.90 with a 15.98% loss since yesterday, BCH was overcomed by EOS and now Litecoin’s preparing to take back its spot too. Bitcoin SV isn’t doing better neither, with a 11.84% loss for today - the CW’s vision fails to rebound and could soon leave the top 10. But Waves doesn’t seem to care and keep moving higher. After the recent launch of Smart Assets and Smart Account Trading, the currently #22 cryptocurrency increased from $1.47 to $2.34. As most of the traders are scarred of this bear market, there are also some people that don’t care. And those are probably doge hodlers - mostly because 1 doge will be 1 doge no matter how the market will go. Syscoin (SYS) had a great run today too, increasing with 45.70% for today and working its way up to the top 100. The volume skyrocketed from under $70,000 to over $6,000,000 in less than 24 hours. Binance Adds USDC To Its Stablecoin Market On November 16th, Binance took the decision to start adding more stable coins besides Tether (USDT). Since then, Paxos Standard Token (PAX) and TrueUSD (TUSD) have been added to the exchange. They claimed that this was necessary to support more trading pairs with different stable coins as a base. Binance now uses the USDⓈ to symbol the fulll Binance stable coin market. The most recent addition the their stable coins collection is none other than the famous USDC - Circle’s stable cryptocurrency. There would be 6 pairs with USDC as a base cryptocurrency: BNB/USDC BTC/USDC XRP/USDC ETH/USDC XLM/USDC EOS/USDC This would be available for the users starting 15th December, 03:00 AM UTC. The existing USDC pairs with BNB and BTC will be removed and delisted by 16th December 03:00 AM UTC. Alll orders on this markets will be canceled. USDC is a an ERC-20 token created by CENTRE Consortium, a venture founded by Circle and Coinbase. Charles Hoskinson Announces Cardano 1.4 Release Date Charles Hoskinson and his IOHK team is working hard to build Cardano - a project with a massive potential that already got a love of love and attention from the cryptocurrency community. Charles recently announced that the Cardano 1.4 version will be live on December 18th: After seven release candidates and a huge amount of QA work, I'm pleased to announce that our best effort release date for Cardano 1.4 is December 18th. Daedalus users will get an in-client update notification next week. Thanks everyone for your patience and support — Charles Hoskinson (@IOHK_Charles) December 14, 2018 So, what will be new in this 1.4 update? Firstly, Linux users would be able to access the Daedalus Wallet. Rust programming language will also be available to Cardano Cryptocurrency Universe (CCU). The relatively new and lightweight programming code could easily be the key of Cardano’s growth. Another update would be on the increment of network block processing efficiency within the blockchain. We could be seeing a reduction from 1.5 million to about 200 - this can seriously save space for the blockchain network. Two testnets will also come with the 1.4. First, there’s Shelley testnet - on of the Cardano’s earliest steps towards full network decentralization. Then, there’s the Cardano testnet. More details about Cardano’s future can be found on Cardano’s Roadmap or by getting in touch with the latest announcements via Cardano’s telegram. With the market being red day-by-day, only strong project could survive and it appears that Charles Hoskinson’s Cardano is ignoring the noise and building. Other Important News BITCOIN WILL NEVER DIE - Long term holding you will be exceptionally rewarded - Asset Manager Insight TRX Breaks New Records, 2.5 MM Txs Per Day, 32,284 Daily Increase in Addresses Monero Price Analysis: Wider Adoption Seen as Bity Adds XMR Support to Their ATM Network If you’ve missed yesterday’s news, you can read them here: Daily Cryptocurrency News - 13th Decem

a month ago

State of Asia Cryptocurrency and Blockchain: Exchanges- Part 1

As you may have read in the last few weeks, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)Asia Countries ex-China (with commentary on regulations, media sentiments, crypto projects, exchanges, and company developments)Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc)Crypto Projects and Funding Trends Check out our previous pieces on China, Japan, Korea, Singapore, etc. This week, we are discussing Exchanges, specifically the Asian exchanges - Binance, OKEx, Huobi along with those that made headlines in Korea and Japan in the recent months. So many things have happened in the exchange world this past month. Since this is the first of our first monthly series on the topic, we are providing a deep-dive into Exchanges first, and will do another one on Mining in the next monthly series. We also recently saw great reception with our Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore post, and we’ve shared a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. This is part 1 of the 2 of the update this week, and we will be discussing Binance in this post. In the second post of this week’s series, we’ll be discussing OKEx and Huobi and the exchanges happenings in Korea and Japan. Binance The Quick Take How is Binance able to do everything? And what does CZ want? A look at Binance new home in Singapore, its stablecoin strategy, and Binance Info new Gold Label. What’s been happening: Binance in late November began publishing weekly progress updates on Medium, deviating from its monthly update cadence. Indeed, the company had alot to announce, and among them, here are some standout: -In the last month, Binance has accepted a strategic investment from Vertex Ventures, a leading venture capital network backed by LPs like Temasek Holdings, a Singaporean holding company owned by the Government of Singapore. -Additionally, the company just announced that they are holding their first own Binance Blockchain Week with Justin Sun from TRON, NEO founder Da Hongfei, Cumberland Asia, Ripple exec in January 2019. Registration hasn’t open yet. -CZ discussed company’s plans to create its own blockchain, called Binance Chain, that would enable the creation of new currencies and facilitate ICOs similar to Ethereum. In his own words: “Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance Chain ready in the coming months, on which millions of projects can easily issue tokens.” -Another announcement was that Binance is replacing its USDT stable coin with a basket of stablecoins. Specifically, the website now has a stablecoin pair section marked as “USDⓈ”. The company recently added Circle’s USD-pegged stablecoin USD Coin (USDC). Prior to that, it had supported Paxos’ USD-pegged asset dubbed PAX and TrueUSD (TUSD). The support of PAX and USDC could be an attempt for Binance to take market share from the US market as Binance currently does not have an operating entity there. More on that and Binance’s stablecoin strategy below. -Binance Coin gets adopted by Decencentraland. The company has said that Decentraland is one of the few working products in the space - “Binance is supporting blockchain-driven gaming innovations by working with Decentraland. Under this collaboration, you can use Binance Coin to participate in Decentraland’s upcoming auction for virtual land parcels, called LAND. You can then use Trust Wallet, Binance’s official crypto wallet app with a built-in dApp browser, to take part in the LAND auction.” -Another advance is Binance Info, an information portal for coins and tokens. Binance Info has been around since early 2018, and now the project is launching an extension product called the Gold Label verification. Head of Binance Info says: “we hope this project can promote transparency in information, raise the industry standard for quality of information, and help the blockchain space to mature We believe in the power of community and in the choice of users. The trustworthiness of the Gold Label comes from the users.” What’s this all means: Now, we’ve listed all these announcements and launches, what does this all means? First and foremost, Binance is doubling down on Singapore. CZ has been searching for, and has finally found a home in Singapore since Malta. The Singapore government has allowed Binance to create a fiat to crypto exchange, and has shown support by having one of its government affiliates taking an investment in the company. While Malta has indeed been a home for

a month ago

Why are they Calling 2019 “the Stablecoin Year”?

2018 was a tough year for everyone in crypto - the bear market took away a good chunk from the crypto portfolio and many coins lost more than 90% of their initial value. Source: https://coinmarketcap.com/ Nobody likes to lose money, which is why stablecoins recently surged in popularity. A lot of new stablecoins were issued, with a lot more to come, and it’s possible that 2019 will be the year of stablecoins. Stablecoins allow people to escape the instability of the market to the safety of asset-backed cryptocurrencies. But there’s a problem with stablecoins: many of them are backed by the dollar, and we are possibly standing on the verge of another great recession and major economic downturn. Nobody knows what will happen in 2019. Is it safe to rely on fiat-backed stablecoins? Read on if you want to know! Stablecoins: the pros and cons All stablecoins can be divided into three categories: Fiat-backed stablecoins - The most common collateral here is USD and each token (usually it’s a ERC20 token) is backed with 1 currency unit, stored in the bank accounts of the issuer. Distributed stablecoins - These tokens aim to achieve the stability of the US dollar by mathematical algorithms, using collateral stored in the system and keeping enough physical assets to back all issued stablecoins. Stablecoins backed by precious metals - Each token is collateralized by a specific amount of gold or silver. The first stablecoin was launched in July 2014 on the BitShares platform. It was called BitUSD and collateralized by pools of the platform’s native cryptocurrency, called BitShares, so it can be classified as a stablecoin. It didn’t become popular and the algorithm for price pegging was weak - based only on the assumption that market participants would buy and sell all tokens below and above the $1 price until it reaches the peg. The next one was Tether. Tether was issued on October 6, 2014, and was initially named “Realcoin”, before officially announcing the rebrand as ‘Tether’ when it opened for private beta. It was assumed that every USDT token is backed by one dollar. However, in April 2017 Tether was cut off from all its banking services by Wells Fargo, and since then there has been no clear evidence that its funds are backed by anything. Until that date, it was unknown where its funds were stored and no audit was provided. Since then, it has issued 2 billion new USDT tokens and only in October had they found a new banking partner, Deltec Bank. So it’s again about trust, not about transparency. Source: https://coinmarketcap.com/ The more recent examples of stablecoins issued in 2018 include Gemini USD (GUSD), TrueUSD (TUSD), and USDC (a stablecoin by Circle). All of them are backed by audited funds, thus investors can be sure that all tokens will maintain their peg and be fully redeemed upon request. There is only one problem: are they more stable than the US dollar that backs them, and what will happen if the fiat system became unstable? Fiat problems The US dollar has been considered a stable currency for decades. The US controls the world’s reserve currency, the dollar, that is used in 51.9% of all international trades, essentially backing up the whole world’s economy. The US economy is the strongest one with the highest GDP of $19.5 trillion in 2017. When anyone needs dollars for trading, the US can print more of them. That’s why they can grow the government debt by issuing new treasury bonds - and everyone is happy to buy them. Furthermore, investors have abandoned the stock market in favor of US bonds after the recent rate increase. So, whatever happens, the US dollar is protected more than any other commodity in almost all cases. Except for one. Source: https://tradingeconomics.com/united-states/interest-rate The debt that started growing in 1970s, and exceeded $21 trillion in 2018, is a very worrisome state of affairs. It’s nearly equal to the USA’s annual GDP, and it continues to grow by $1 trillion every year. Experts don’t think it will ever be paid off. The government isn’t ready to slow down economic growth in favor of paying off debts. But the economy is already showing signs of slowing down. The markets are also tumbling down. There are chances that this will evolve into a terrible recession, and it’s even possible that the next crisis will happen in 2019. Sooner or later, the US will have to deal will their enormous debt. What will be the consequences and what impact will it have on fiat and fiat-backed stablecoins? No one knows, simply because there is too much uncertainty around the subject. There are two chain of events that could happen: There will be a strong recession with falling stocks and failing crypto portfolios. Bitcoin and stocks are heavily correlated, so when stocks begin to crash, Bitcoin and other cryptocurrencies also won’t do great, because investors pull out money from risky assets. It’s not that easy to pull money out of crypto: you have to wait a few days, even if your

a month ago

Why Tether and Other Stablecoins Don’t Work in Case of a Debt Crisis

Trading in the global market is always risky. Even owning assets is a risky endeavour. Let’s take the current market climate as an example. The rate of growth on all markets slowed down significantly; the US stock market dropped 10% from September’s all-time highs, and the main drivers of this growth, tech stocks such as Apple, dropped even worse - 27%. Source: https://www.bloomberg.com/markets/fixed-income At the same time, the Fed’s interest rates began climbing up. This means that the era of cheap money comes to an end. Borrowing money, such as loans and mortgages, will become more expensive, requiring paying a higher interest, spending more money on debt repayment. This money could have been spent on buying goods and services, thereby boosting the local economy. That’s why the global economy will be slowing down more and more, after the new interest rate hikes. Germany, the leading economy within the European Union, is experiencing some problems as well: its industry output is losing growth momentum and there are no signs that this will change in the near future. If you are skeptical enough, all these can be seen as signs of an upcoming crisis. In times of crises, investors usually tend to move their belongings to assets that would stay relatively stable despite any disturbances in the market. Such assets are precious metals. Recently, with the development of the crypto market, investors were given yet another option - stablecoins. These are assets backed by real cash and real commodities, such as gold and silver. Cryptocurrencies penetrate global financial markets because it’s easier to buy and sell them today than it was three years ago. They have become more liquid, so there’s almost no difference between crypto assets and all other assets. Stablecoins are becoming a part of the global financial world. However, not all of them are trustworthy, and we’ll see why in this article. What are the issues behind current fiat-based stablecoins? Stablecoins may look like a derivative of fiat currencies and precious metals in the crypto space, but that’s because they are exactly that. The problem is that being a derivative adds another layer of risk to the system. The fiat currencies of the world’s leading countries (USA, Britain, Eurozone) are a lot more stable than stocks or commodities in the case of a serious economic downfall. One dollar is the standard unit of measuring wealth across the world. The US dollar is a safe haven for investors; they can sleep well in times of crisis because their investment portfolio would keep the same value, while everything else would lose the value. The only exception could be the devaluation of the US dollar itself - which can happen in case of a debt crisis. In this event, we’d see the rise of value for precious metals, because it’s the only asset with long history that has kept its value through centuries (although its price has also fluctuated at times). In this situation, fiat-backed stablecoins may be regarded as both a stable and dangerous asset. Traders should remember that by placing their trust in stablecoins they have to deal with their issuer, and the stability of these assets depends only on the stability of the company, backing them. Because of this, by owning stablecoins investors take on additional risks: the risk of the main asset, the economic situation in the world the risk of the stablecoin backed with this asset, its stability, and the trustworthiness of the company issuing it If these precautions are ignored, some unlucky investors could find themselves in a situation when issuers can’t maintain liquidity because the tokens have nothing backing them. Source: https://xkcd.com/ How it this be fixed? No one can ever completely avoid risk when dealing with the financial market. Not any trader, nor any investor. According to the Black Swan theory developed by Nassim Taleb in his book with the same name which was marked as one of the twelve most influential books since World War II, there are types of events of great magnitude that nobody is able to predict until they occur - like the existence of the black-colored swan, World War I, 9/11, or the US housing crisis of 2008. These events greatly impact the market, and even if one stays in cash, no one can be 100% certain that by tomorrow that pile of cash won’t be worth 10 times less than it was today. Yes, that can happen, just like it happened in Russia in 1998 or in Venezuela in 2010 (this one is still going on). Source: https://en.wikipedia.org/wiki/Crisis_in_Venezuela This can happen with the US dollar as well, since the US debt is now worth 105% of its GDP, although it’s very unlikely at the moment. Suffice to say, dollar-based stablecoins won’t keep their value if something were to happen to the dollar itself. So, to trust in a stablecoin you must trust in the underlying asset and the company behind its issuance. Let’s define a set of qualities for a relatively safe, defensive stablecoin: It mu

a month ago

New Stablecoins See Significant Growth in Adoption While Tether Dominance Drops

According to the latest report by research firm Diar, four major stablecoins - USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) - have breached the $5Bn mark in on-chain transactions within the three-month period. November also saw an increase of a “whopping” 1,032% in on-chain transactions of these stablecoins to date compared

a month ago

Algorithmic Stablecoins In Regulatory Fog After Basis Folds

The head of an algorithmic stablecoin project has admitted to Crypto Briefing that legal uncertainty in the United States is an “enormous” burden, both financially and developmentally. The absence of a legal framework has made it difficult for the project to remain in compliance with existing financial regulation. Eiland Glover, CEO and co-founder of Kowala (kUSD), says that algorithmic stablecoin projects like his own are still struggling to determine how to operate legally in the US. “Compliance issues have affected Kowala and its investors and token holders significantly,” said Glover, in an email to Crypto Briefing. “First, the direct costs of compliance have been enormous. The indirect costs are probably bigger, however, because regulatory compliance decisions impact the design of the protocol itself, making an already complex platform even more complex to build. Complexity leads to delays and greater development expense.” “Like Basis, Kowala also remains in regulatory limbo,” Glover added. Algorithmic Stablecoins Today’s news has been filled with reports that the Basis Protocol - a US-based stablecoin provider which raised over $130M in funding - will be closing down and reimbursing investors, apparently due to regulatory uncertainty. “It is not clear exactly what regulatory agency is putting pressure on Basis,” admitted The Block. “Nor is it clear the exact reason why regulators have a problem with their business model or token project.” Sources suggest that the project had to close over concerns that the coin would not effectively be able to maintain its 1:1 peg with the US dollar. The Basis whitepaper says bonds would be issued to boost the price if it ever fell below $1. The problem is there is no way to compel potential buyers to take up the bonds, therefore making the system vulnerable and the peg broken. Both Basis and Kowala are algorithmic stablecoins. Unlike Tether (USDT) or TrueUSD (TUSD), which both issue tokens backed by actual dollars, Basis and Kowala rely on a series of algorithms to automatically regulate supply and maintain a stable price. In Kowala, for instance, kUSD are minted as a mining reward on an Ethereum-based blockchain. If the value begins to rise above the $1 mark, the network increases the mining reward, which increases supply. It ensures a stable price by maintaining an equilibrium between demand and supply. When the price sags, it burns surplus tokens as a transaction fee. This makes it different from the Basis model because coins can be removed from circulation, as well as added. Kowala believes kUSD gives users security and control, as well as price stability; it is designed as an “alternative” to fiat currencies. That said, it’s efforts to distribute kUSD tokens to potential users has been stymied by regulatory uncertainty, which may place restrictions on the tokens. “Regulatory uncertainty also makes it harder to raise non-institutional money since sales of ‘pre-functionality security tokens’ to qualified investors only limits the market for such tokens,” Glover said. “It also makes the purchase process long and a bit scary.” Kowala Keeps Going Regulatory clarity is unlikely to happen overnight. Although securities and commodities are recognized and regulated financial assets, there is currently no such framework applicable to assets that are controlled by algorithms. The SEC has no plans in the near future to offer guidance for algorithmic stablecoins, and it’s also not clear how such tokens would be affected by banking and money-transmission regulations. Glover believes that the regulatory uncertainty alone would be enough for Basis to shut down. As for the other algorithmic stablecoins, they will have limited guidance until such times as the authorities become proactive. As Glover puts it, they “will have to feel their way through the regulatory fog.” Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. The post Algorithmic Stablecoins In Regulatory Fog After Basis Folds appeared first on Crypto Briefing.

a month ago

Binance Adds USD Coin (USDC) to its Combined Stablecoin Market (USDⓈ)

On the 16th of November this year, Binance announced that it was renaming its Tether (USDT) market to a combined Stablecoin Market (USDⓈ). The exchange explained that the move was to support more trading pairs with different stable coins as a base. The exchange went on to clarify that the new category is not a new stablecoin in itself. Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market. Since then, the exchange has added Paxos Standard Token (PAX) and TrueUSD (TUSD) to the new stablecoin market. Binance Adds USD Coin (USDC) to Its Combined Stablecoin Market This then left one stablecoin that is yet to be added to the new market: USD Coin (USDC). The exchange has now announced that it will be adding the following trading pairs with USDC as a base to its Combined Stablecoin Market. BNB/USDC BTC/USDC ETH/USDC XRP/USDC EOS/USDC XLM/USDC Although the pairs are visible on the platform, the pairs will not be active for trading till the 15th of December, 03:00 am (UTC). Existing USDC pairs with BNB and BTC as a base will be removed and delisted by the 16th of December, 03:00 am (UTC). All existing orders of these pairs will be canceled at this time. A Brief History of USDC USDC was introduced to the crypto and trading community by the CENTRE Consortium: a joint venture co-founded by Circle and Coinbase. The main goal of the stable coin was to establish a standard for fiat on the internet and provide a governance framework and network to foster global, mainstream adoption of asset-backed stablecoins. USDC is an ERC20 token. What are your thoughts on the new Stablecoin Market by Binance that gives traders extra options of stablecoins? Do you think it is a good idea? Please let us know in the comment section below. [Image courtesy of Centre.io] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance Adds USD Coin (USDC) to its Combined Stablecoin Market (USDⓈ) appeared first on Ethereum World News.

a month ago

XRP, Bitcoin [BTC], and other cryptocurrencies paired against USDC on Binance

Binance, the world’s largest cryptocurrency exchange has been busy as the brutal bear year of 2018 is finally coming to an end. Binance announced on December 14 that it will be listing new trading pairs with CENTRE consortium’s stablecoin USDC as a quote asset. Binance, in its official blog, announced plans to list trading pairs XRP/USDC, Bitcoin [BTC]/USDC, Binance coin [BNB]/USDC, Ethereum [ETH]/USDC, EOS/USDC on December 15, 2018, at 03:00 AM UTC. The blog also stated: “The existing USDC/BNB and USDC/BTC trading pairs will be removed and delisted at 2018/12/16 03:00 AM (UTC). All existing orders in each order book will also be canceled at this time.” Apart from the normal listings, Binance also decided to pair USDC [Circle] against USDT [Tether] to help facilitate easy conversion from one stablecoin to another for its users. CENTRE consortium, on its Medium blog, stated: “The new USDC trading pairs are BTC/USDC, ETH/USDC, BNB/USDC, XLM/USDC, EOS/USDC and XRP/USDC. This represents a significant milestone for an asset-backed stablecoin that was introduced just a few months ago. Trading for these pairs will begin 10 pm EST Friday.” Binance is revamping their listings as they decided to add more trading pairs with TrueUSD [TUSD], another stable coin, last week, which included XRP, Bitcoin [BTC], Ethereum [ETH], Stellar Lumens [XLM], EOS, and Binance Coin [BNB]. A Twitter user, George T, tweeted: “@coinbase why have you retweeted this? Read again please: for their 7 most actively traded assets! And this includes #xrp !!! I am sure you heard of it! #xrp” Another user, J Win, commented: “Second largest must be included and @cz_binance is smarter. If one’s still stubborn with the thought of not listing the second largest, @binance will be on advantage. I have a great feeling that Binance will overtake the one that is stubborn very soon. @Cryptonary_” A users Martyn ‘Marty’ Bryde tweeted: “Why would you pair $USDC with $USDT A dollar is a dollar, except #USDT #tether is going to implode one day, and Bitfinex is going to take the whole market down with it? @Bitfinexed” Binance coin [BNB] had gone up by over 10 per cent over the last week in a surprise market volatility. The price fluctuation was attributed to the launch of Binance DEX, which will swap the ERC20 token, BNB, from Ethereum platform to Binance blockchain, which was announced by Binance and CZ. Some users had also attributed it to a bug in Binance’s system, which was later acknowledged by Binance CEO, CZ. The post XRP, Bitcoin [BTC], and other cryptocurrencies paired against USDC on Binance appeared first on AMBCrypto.

a month ago

Binance Adds USDC To Combined Stablecoin Market

Last month, Binance removed its Tether market for a combined stablecoin market. The new market, USDS is not a new stablecoin. Instead, it supports trading with multiple stablecoins as a base. Since then, the exchange has added Paxos Standard Token (PAX) and TrueUSD (TUSD). Circle's USD Coin (USDC) is now set to go live in USDS market soon. With the addition, Binance is moving all USDC trading pairs to its USDS market. Trading will go live on 15 December, at 03:00 am (UTC). (VS)

a month ago

Nexo (NEXO) Chosen as the Official Lending Partner for TrueUSD (TUSD)

Nexo recently announced a new strategic partnership with TrustToken, making the TrueUSD (TUSD) stablecoin available for use as both a collateral and repayment option for Nexo’s instant crypto loans. This makes Nexo the official TrueUSD lending partner, enabling clients the ability to deposit TUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio or leave it deposited on the platform and earn up to 6.5% interest per year. Nexo will be distributing more than $912k to NEXO Token holders on December 15 as a dividend payment. (JF)

a month ago

Stablecoins Begin to Gain Momentum Outside Crypto Exchanges

According to statistics in a recent Diar report, stablecoins have experienced more than $1,000 surges in their on-chain transaction activity since September. This percentage does not comprise their daily volumes in crypto exchanges, which amount to billions of dollars. These statistics show a change from when USDT would trade within Bitfinex or other crypto exchanges without any significant on-chain usage. Per the report, this development came after Bitfinex implemented Tether neutrality, and other stablecoins entered the market. Since their launch in September, TrueUSD, Paxos Standard, USD Coin, and Gemini Dollar have experienced a combined on-chain trading volume that exceeds $5 billion. (KE)

a month ago

TrueUSD selects Nexo as its official lending partner. As a r...

TrueUSD selects Nexo as its official lending partner. As a result of our strategic partnership with @TrustToken, Tr… https://t.co/LLnLMt7vuV

a month ago

We are excited to announce our partnership with @NexoFinance...

We are excited to announce our partnership with @NexoFinance! Nexo will offer up to 6.5% interest on TrueUSD for li… https://t.co/MHHcxQAdiy

a month ago


News courtesy of berminal.com
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