Cryptocurrency

WisdomTree Considers Launching a Stablecoin in the U.S.

  • The asset manager, who oversees around $63 billion in assets, will first try to obtain the approval of the SEC.
  • The regulatory agency might be a bit more welcoming towards WisdomTree, given that it is an established U.S. financial firm.

  • The asset manager, who oversees around $63 billion in assets, will first try to obtain the approval of the SEC.
  • The regulatory agency might be a bit more welcoming towards WisdomTree, given that it is an established U.S. financial firm.
Bitcoin symbol on orange background. Freepik

Despite Potential Drop to $6,000, Bitcoin Might Hit $25,000 by 2021

  • The prediction was made by Galaxy, a prominent crypto trader and researcher.
  • Other crypto enthusiasts such as Dave the Wave, Travis King, and Mike Novogratz, have also predicted that Bitcoin will hit $25,000 by 2021.
Chairman of CoinShares Daniel Masters speaking at the Future of Finance, the third annual conference of Imperial College Business School in 2018. Imperial College Business School

Leading Crypto, Precious Metal Companies Create Gold-Backed Stablecoin

  • The new digital asset is titled DGLD and is currently tradeable only on Blockchain.com's The PIT exchange.
  • Initially, each DGLD token will be worth 1/10 of a troy ounce of physical gold.
Ripple CEO Brad Garlinghouse at a TechCrunch conference on September 5, 2018. Steve Jennings/Getty Images for TechCrunch

Elliptic Finds Only $400 Million in XRP Transactions Are Illicit

  • Illicit activity includes a variety of Ponzi schemes and darknet activities, but only represents 0.2% of all transactions.
  • Elliptic started analyzing XRP transactions over a year ago and identified several hundred accounts with illegal activity.

Global Streaming Radio Station Issues FLATCOIN to Accept Global Payments

  • The new coin will also be used for discounts, payments to authors, and ticket sales.
  • CEO Maksim Anisimov, outlined that using the Minter network benefits their ecosystem by providing instant transfers and low transaction costs.

6-Figure Influential Bitcoin Trader Forecasts a Continued BTC Price Slump

  • Zoran Kole, a highly respected crypto trader, states that the bottom of the pit is yet to be seen.
  • The effects of Bakkt's launch on the digital assets market are yet to match the hype that was mounting during the project's development.

Stellar Burns $4.7 Billion Worth of XLM

  • Out of the 105 billion XLM tokens that were in existence, the Stellar Development Foundation decided to destroy 55 billion of its own tokens.
  • The tokens came mainly from the organization's giveaway and partnership programs, which have now been ended.

Paxos Expands its Gold-Backed Token’s Ecosystem

  • The new partnership with Alpha Bullion allows PAXG token holders to redeem in small sizes of gold.
  • The gold-backed token is now available for trade against the USD, EUR, BTC and ETH on the Kraken exchange.

Researchers Describe Bitcoin Attack That Could Halt Lightning Payments

  • According to the paper by Schmid, Tochner and Zohar, a DoS attack might be carried out easily once the network is used heavily.
  • Of course, this attack is still conceptual and by the time it is achievable there should be a way to stop it.

Draft Bill Claims Stablecoins Are Securities

  • The "Stablecoins are Securities Act of 2019" aims to put all stablecoins under the regulatory supervision of the SEC.
  • Facebook's Libra seems to be at the core of this new bill as fears of its imminent launch in 2020 grip policymakers.

Fractional-Reserve Stablecoin to be Released by Former Fed Nominee

  • Stephen Moore plans to release a stablecoin, Frax (FRX), with its value fixed to the dollar, but not backed 1:1 by it.
  • The "algorithmic, fractional-reserve stablecoin" will use on-chain lending to create interest cash flow, which will maintain the price of FRX.

Facebook Could Issue Several Stablecoins Instead of Just One

  • David Marcus reportedly said that Facebook is considering dropping its plan of a single stablecoin, for a number of fiat-pegged stablecoins.
  • This move could be the result of a recent report from the Financial Stability Board, which said that "global stablecoins" as a threat to financial stability.

Bank of America Discretely Pilots Ripple Service

  • A presentation that was led by Ripple upper management clearly shows Bank of America’s involvement.
  • While Bank of America’s management were skeptical back in the day, it now seems that they are preparing to enter the DLT industry.

Can the Next Bitcoin Halving Push Small-Scale Miners Out of Business?

  • The uptrends during the previous two halvings do not guarantee that the same thing will happen again.
  • After rewards get reduced, the popular mining machines of today would not be able to turn a profit for their operators.