stablecoin

Cardano Reaches All-Time High As Rally Reaches New Heights

The price of Cardano (ADA) has reached an all-time high of $2.64 this morning, breaking the previous record of $2.54 set on Friday. ADA now trades for $2.58, up 4.5% from yesterday, according to data from crypto metrics site CoinGecko.Cardano​​ is the native token of the eponymous blockchain project helmed by Ethereum co-founder Charles Hoskinson. The altcoin overtook stablecoin Tether on August 13 as the third-largest cryptocurrency, with a market cap of $82 billion. ADA’s up 17% over the past week and 116% in the past month. Cardano’s price surge

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should be treated under federal securities law.According to a letter published by the OCC and signed by OCC Chief Jonathan V. Gould, there were risks of banking any stablecoin issuers. However, the letter detailed how banks could

The Last Time This On-Chain Metric Was This Low, Bitcoin Surged 150%

Bitcoin’s price has been slipping lower over recent days and weeks. From the recent highs set just two days ago, BTC is down by around 2-3%. From the year-to-date highs set two weeks ago, Bitcoin has shed closer to 20%. The cryptocurrency may be primed to return higher as an on-chain metric falls to important levels. The last time this specific metric was this low, the coin surged around 150% in the weeks following the signal. Bitcoin may also gain strength due to fundamental trends as well, such as statements

Latest DeFi Flavor ‘Pickle’ Aims to Alleviate Stablecoin Volatility

New DeFi yield farming platforms have been coming thick and fast over the past month or so with new opportunities popping up almost every day. The latest offering garnering attention is Pickle Finance which aims to help mitigate the relative instability in stablecoins. The majority of DeFi doppelgangers do mostly the same thing with a few slight variations. Essentially, offering a worthless governance token as an incentive to lure liquidity providers. In some cases, the token performs well for some time, while others dump just as quickly as they pump.

A Guide to Persistence Protocol $XPRT

The missing link between decentralized finance (DeFi) and centralized finance (CeFi) is that the former interacts only with cryptocurrencies such as Tether (USDT) and Bitcoin (BTC). In contrast, conventional finance mostly deals with fiat. Although it’s easy to convert fiat to crypto, using real-world assets as collateral on DeFi platforms is not. What if there was a way to use real-world assets as collateral on these platforms? This is what the Persistence Protocol is trying to achieve. This platform allows the use of tangible assets to access loans and returns

$SOL Pumps as Tether Launches on Solana Blockchain

From Omni, TRX, Ethereum, among other blockchains, Tether (USDT) is now available on Solana. Developers of the high-speed layer-one blockchain have it that the platform is 50,000X faster than Ethereum. At the same time, Sam Bankman-Fried holds that the decentralized protocol is a million times cheaper than Ethereum. The First Stablecoin, the Eighth Blockchain USDT will be the first stablecoin to launch on Solana. According to the coin’s issuer, Tether, the blockchain can offer speeds of up to 50,000 transactions per second with $0.00001 or less charged per transaction. Tether

What is OIN Finance? A DeFi Guide to $OIN

The emergence of several decentralized finance (DeFi) projects has taken up most of the transaction capacity of the Ethereum network. As a result, the blockchain has too much traffic and gas costs are substantially increasing, making it hard for users to transact on it. This congestion problem has made a negative impact on the broader DeFi space and is curtailing adoption. In order to get around this concern, OIN Finance tapped on to the Ontology network, making it the first DeFi protocol built on the Ontology chain. Ever since they

How Will China’s DCEP Affect WeChat Pay and Alipay?

With the growing interest and adoption of cryptocurrencies, about 80% of central banks worldwide are looking to create their own cryptocurrency. The People’s Bank of China (PBoC) is at the forefront of them all. China’s central bank has been working on its DCEP for about six years now. In 2018, China’s Central Bank former governor Zhou Xiaochua pointed out that it will take nothing less than a decade for its digital yuan to be fully functional. However, several events have propelled this timeline forward. One of which was the proposed

YFValue Protocol: What is $YFV?

A brief report on the YFValue protocol, its background/history, value and mission, audit status, yield farming pools, and the YFV token. Yield farming and liquidity mining projects have been the new DeFi craze lately, especially aggregators. The popularity of yield farming aggregators arises from the fact that they automatically switch users’ funds among the best sources of generating income. The first project to kickstart this chain reaction was yearn.finance (YFI).  YFValue Protocol is a fork of yearn.finance. It was born out of the idea that the DeFi playing field wasn’t