Tag: usdusdc

Oct 20 2021

Facebook is Planning a Rebranding of its Name, Here’s the Crypto Connection

Oct 20 2021 Published at Coingape under tags  blockchain news ethaud ethbkrw ethbrl ethbtc

Facebook, the world's largest social media platfrom is reportedly looking for a rebranding of its name in the coming week, as per a report published in The Verge. The Verge report cited an insider with direct knowledge of the matter. The report indicates that Mark Zukerberg is focused on rebranding Facebook to project it more The post Facebook is Planning a Rebranding of...

Breaking: Hindenburg Research launches $1 million Tether Bounty Program

Oct 20 2021 Published at Coingape under tags  bnbbkrw bnbbtc bnbbusd bnbeth bnbeur

Hindenburg Research, a forensic financial research firm announced the launch of the Hindenburg Tether Bounty Program to unveil the Tether reserves scandal. The Program holds rewards up to $1 million for information leading to previously undisclosed details about cryptocurrency “stablecoin” Tether’s backing. According to Hindenburg Research’s press release, the company believes Tether could be a The post Breaking: Hindenburg Research launches $1 million...

Oct 16 2021

Breaking: Zimbabwe Finance Minister Says Impossible to Ignore Cryptocurrencies

Oct 16 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

The cryptocurrency market has gone mainstream in 2021 attracting attention from not just institutional firms and billionaires but also from countries. First El Salvador created history by making Bitcoin a legal tender in the country which triggered a Domino effect leading to the likes of Paraguay, Argentina, and Panama also looking to legalize crypto use The post Breaking: Zimbabwe Finance Minister Says Impossible...

Oct 07 2021

Ripple’s former partner announces exclusive collaboration with Rival Token

The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non- profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earlier this year, Ripple and MoneyGram wound down their partnership as MoneyGram suspended trading on Ripple's platform in lieu of the The post Ripple’s former partner announces exclusive collaboration...

Oct 05 2021

Defi Hack Alert: StakeSteak lost nearly $200,000 in an exploit. Here’s what happened

Oct 05 2021 Published at Coingape under tags  defihack defi news ethaud ethbkrw ethbrl

The Defi protocol on the Fantom network, StakeSteak suffered an exploit today of 80,636 FTM along with 81,351 USDC, amounting to, $196,439. According to a Post-mortem release by the protocol, the hack was caused by a private key that was scraped from one of its repositories on Github that had been there for over 5 The post Defi Hack Alert: StakeSteak lost nearly...

Sep 21 2021

These Investor Advocates Groups Wants the SEC to Accelerate Crypto Crackdown

Sep 21 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors' wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors' advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for The post These Investor Advocates Groups Wants the...

Sep 20 2021

Fed Report’s regulatory overhaul designates Stablecoins as systemically risky

Sep 20 2021 Published at Coingape under tags  bchabcbtc bchabcusdc bchabcusdt bchbnb bchbrl

The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in The post Fed Report’s regulatory overhaul designates Stablecoins...

Sep 13 2021

Relist XRP: Is Coinbase planning to use XRP for remittance?

Recently, one of Coinbase’s outdated web pages went viral, displaying free cross-border XRP and USDC payment services. The page’s information states that Coinbase users can make instant international payments using XRP and USDC, without any transaction or receiving fees from one Coinbase account to another. Furthermore, according to the webpage, this service is supported globally, The post Relist XRP: Is Coinbase planning to...

Aug 13 2021

Defi Hack: Neko Network hacked; attackers steal over 2 million in stablecoins

The Poly Network attack wounds are still fresh, and the Defi market is hit with another hack. The blockchain security team, SlowMist announced that the Neko Network is hacked, with over 2 million stolen in Stablecoins. Neko Network attacker's address has obtained 2 million USDT, 390,000 BUSD, and 1 BTCB. Attackers use PancakeSwap to exchange The post Defi Hack: Neko Network hacked; attackers...

Aug 12 2021

Circle CEO claims traditional banks will soon indulge in stablecoins

Aug 12 2021 Published at Coingape under tags  circle stablecoin etcbtc etceth etcusd etcusdt

Circle Pay, one of the largest digital currency company’s CEO, Jeremy Allaire commented on the efficiency of stablecoins and its bright future in the US banking system. He compared the stability and low risk offered by the stablecoin market to that of the traditional banking system. "Stablecoins are becoming so big that they are going The post Circle CEO claims traditional banks will...

Aug 11 2021

Bank of Ghana partners with German currency technology firm to launch Pilot CBDC

Aug 11 2021 Published at Coingape under tags  bog btcbrl btcbusd btcdai btceur

Bank of Ghana (BoG) has announced a partnership agreement with the German Currency technology platform, Giesecke+Devrient (G+D) to pilot a general- purpose Central Bank Digital Currency (retail CBDC) in Ghana, West Africa. BoG shared in the Press Release that G+D will play a major role in launching Ghana’s e-Cedi Pilot. G+D will pilot the issuance of digital The post Bank of Ghana partners with...

Did Coinbase Lie About USDC to Investors? Here’s How It Could Backfire

Aug 11 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become The post Did Coinbase Lie About USDC to...

Aug 05 2021

Aug 01 2021

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Jul 08 2021

Tether’s (USDT) Unsecured USD Holdings Can Result to Liquidity Shocks Beyond Crypto Market

Tether, the world's third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it's the economists and officials from the U.S. Federal Reserve who have raised serious concerns over Tether's operations. Investors are concerned that any loss of confidence in Tether can lead to a "black swan" The post Tether's (USDT) Unsecured USD Holdings Can...

Apr 09 2021

Crypto Review: Utrust [UTK] Price And Market Analysis, Is $UTK a Good Future Investment?

Apr 09 2021 Published at Coingape under tags  altcoin btcbrl btcbusd btcdai btceur

We hope you're enjoying our market and price analysis of top crypto projects. Our next project in the same series is Utrust ($UTK) trying to disrupt e-commerce, crypto and mobile payments. So, let's begin....

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