Stablecoin news

A cryptocurrency with a fixed price, usually pegged to a stable non-volatile asset, such as the US dollar.

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Coinbase Card Rolls out DAI as First Supported Stablecoin: Official

Coinbase Card Rolls out DAI as First Supported Stablecoin: Official Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar. According to a blog post on Dec. 6, Dai is the first stablecoin that is available on Coinbase Card, alongside major […] Cet article Coinbase Card Rolls out DAI as First Supported Stablecoin: Official est apparu en premier sur Bitcoin Central.
Bitcoin Central

Coinbase’s Visa debit card adds support for DAI stablecoin

Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering. The debit card, launched this April, allows customers in the UK and EU to spend their cryptocurrencies directly from their Coinbase accounts. Just last month, Coinbase Card added support for four crypto assets - Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX). It also supports bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC). JD Millwood, head of marketing at Coinbase UK, recently said that the debit card offering “has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever.” Last month, Coinbase Card also expanded its reach to ten new countries in Europe, bringing the total to 29. The newly supported countries are Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.
The Block Crypto

Introducing DAI, the first stablecoin on Coinbase Card

By JD Millwood, Head of Growth MarketingWe’re always working to build products that make using crypto easier, more affordable, and more accessible. Today, we launched full support for DAI — the first stablecoin available on Coinbase Card.Paying with a stablecoin brings something completely new to the Coinbase Card experience; using crypto with stable purchasing power gives more opportunity and choice to customers.For customers wanting to spend crypto with less volatility, DAI could be the answer. DAI aims to always be worth one US Dollar, which offers more certainty to customers when picking up last-minute Christmas gifts, rounds of mulled wine for the office, and beyond.This update means more than one new asset to spend; it represents a small step on our big journey to make crypto accessible to all, through alternative payment options that suit our diverse customer base.To get started with Coinbase Card, download the iOS or Android app today and sign in using your Coinbase account. Once a Coinbase Card has been requested, customers will receive their contactless Coinbase Card in the mail.Keep up to date by following us on Twitter @CoinbaseCard, or learn more by visiting coinbase.com/cardCoinbase Card is issued by Paysafe Financial Services Limited. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011(FRN: 900015) for the issuing of electronic money and payment instruments.Introducing DAI, the first stablecoin on Coinbase Card was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
The Coinbase Blog

BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin

Coinspeaker BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD StablecoinPremier cryptocurrency lending service BlockFi has introduced a new feature. It is trading at no fees for Bitcoin, Ethereum and the stablecoin GUSD. The startup has been known to allow users access to returns on their cryptocurrency holdings by offering loans to borrowers against users’ cryptocurrency holdings and then passing across the returns in terms of interest on the loans while securing the crypto assets that were used as security for the loans. While this model is known to have been extremely successful, the startup has gone one level further by offering to trade of one cryptocurrency asset against another without any need for fees. In this scenario, a user will be able to sell one cryptocurrency asset for another for zero fees. The big question therefore that many have asked is: where will the revenue streams come from? The answer to this will be the data on trades and consumer behavior that will be sold to institutional cryptocurrency firms. These firms will also step into the new market place and will take on the role of market makers which will enhance the liquid position of the new market place. BlockFi Ceo Zac Prince referred to this when he said:“Market makers want the information about what trades are happening, and they get it by having relationships with as many venues as they can support to receive that order flow,” This, of course, has brought the issue of privacy of users data which has many people worried. The company itself has sought to allay peoples’ fears when it said that users’ data will be anonymized and that no personalized records will be made available to the cryptocurrency firms. Sources further indicate that a number of the market makers have been clients of BlockFi on the lending side and some have also been investors in the startup in the early days. They include Akuna Capital, Susquehanna, and CMT Digital. The CEO’s position is that multiple partnerships for BlockFi allow for the deepening of partnerships with such partners which shows his interest in building the business side of things with such partners for the long term.The cryptocurrency startup has also indicated that the decision to go into trading was made after a customer survey demonstrated that a large portion of withdrawals was made for trading activities. This also proves that the startup, that was supported by such prominent names as Galaxy Digital, Winklevoss Capital, ConsenSys Ventures, understands how to respond to the needs of customers.The cryptocurrency startup has also indicated that it will be adding more cryptocurrency options shortly which include USDC and Litecoin and is also looking towards bringing in new traders in the crypto-space onto its platforms. At the end of the day, it is these kinds of customer-centric innovations that will encourage further cryptocurrency adoption. BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin
Coinspeaker
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Stablecoin news by Finrazor

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OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news

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DIGEST

Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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DIGEST

Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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Tezos (XTZ) is Flying High, Gains against USD and BTC

XTZ, the native currency of the self-amending smart contract and DApp platform, Tezos, has registered impressive gains against the USD, BTC and ETH. The token is up 11%, 9% and 10% respectively, exciting token holders who expect further gains going forward. Recently, there has been a lot of debate-and expectations- around the Ethereum competitor following the collapse to new lows. Distinct, Tezos’ on-chain governance allows token holders to vote and determine changes of code averting chain splits which can be disastrous to the platform’s valuation and an unwelcomed distraction to the initial vision. Binance Staking Supports Tezos (XTZ) Although specific details around the main bull triggers are scarce, based mostly on oblique remarks, analysts and commentators are pointing fingers at Binance’s staking support announced three days ago. I'm not even 100% sure what tezos does, but I know its going to $100. Why get lost in the weeds? — Jeremy Ross (@jebus911) December 6, 2019 According to Binance, the world’s leading cryptocurrency exchange by trading volumes and aggressively expanding to cover as many regions as possible, they will support zero fee staking on XTZ. Official support started on Dec 4 but it will complete the first distribution of rewards by the 20th day of the following month. “XTZ rewards will be calculated daily based on live snapshots and distributed monthly. Distributions will be completed before the 20th day of each following month. Starting from 2019/12/04, Binance will begin taking hourly snapshots of user XTZ balances.” Binance supports staking-or locking of coins of particular Proof of Stake network, in exchange for rewards. By locking coins for a specific period, owners receive rewards for bolstering the network’s security. Gendarmerie’s Cybercrime Division (C3N) Using Tezos The announcement was a direct boost for XTZ and comes a few days after the French Armies and Gendarmerie’s Information and Public Relations Center acknowledged that they have been using the blockchain to record and subsequently validate expenses incurred during judicial investigations. Through a press release, the Gendarmerie’s cybercrime division (C3N) said they used a system developed by Nomadic Labs to buy the coin from a Euro-pool allocated fund to cover operations cost. DigiFinex Lists XTZ On Dec 6, DigiFinex exchange announced their official support of XTZ. Deposits and withdrawals will begin starting on Dec 9, while official trading will start on Dec 11. The exchange will initially support the trading of XTZ/BTC and XTZ/USDT pairs. We are listing Tezos (XTZ) @tezos, a self-amending cryptographic ledger. ✦XTZ deposit & withdrawal open: 9 Dec, 2019 10:00 (GMT+8)✦XTZ trade opens: 11 Dec, 2019 10:00✦XTZ trading pairs: XTZ/USDT, XTZ/BTC pic.twitter.com/CawEjB3TJk — DigiFinex Exchange (@DigiFinex) December 6, 2019 The post Tezos (XTZ) is Flying High, Gains against USD and BTC appeared first on Coingape.
CoinGape

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station (ISS). As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS, according to a Dec. 6 press […] Cet article Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station est apparu en premier sur Bitcoin Central.
Bitcoin Central
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