Stablecoins

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

Bitcoin breaks above $50,000 for the first time in four weeks.

Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 for the first time in four weeks. Bitcoin was up 5.4%, trading at $50,120. Ethereum, the second-biggest crypto by market cap, was up 3.3% to trade at $3,445. “The big factor for the bitcoin price now is if it can continue to move higher, and that will only depend on where the price will close today [Tuesday],” said Naeem Aslam, chief market analyst at AvaTrade. Bitcoin is highly likely to see more upside moves. “In

Verifone Adds BitPay to Payment Terminals for Purchases In-store, In-App and Online

If you have crypto and want to spend it, you’re not alone. A recent survey says more than 93% of consumers with crypto feel the same way.  In fact, consumers report they specifically want to spend it on everything from groceries, to furniture, appliances, financial services, travel, and more.That's why we’ve partnered with Verifone, the industry leader for in-store, in-app and online payments.  Together, BitPay and Verifone are making it easier to transact with crypto while also offering more ways to live life on crypto!Without having to convert to fiat

Katal Chain: A Template for Blockchain-Based Finance

Blockchain technology is believed by many to reshape the way we perform real-life transactions. However, the difficulty in learning the ins and out of cryptocurrency space, as well as knowing the complex codes used in these systems remain a barrier to entry. Katal Chain was developed to address this specific issue. Katal Chain was designed to make it easy for anyone to automate their business and financial transactions through a blockchain, leveraging its decentralized nature and security. Through Katal Chain, the task of creating decentralized financial applications can be easier,

Justin Sun Reduces SUN Mining Output, Expects ‘Positive Impact’

Justin Sun has tweeted that incentivized mining output for the SUN token will be reduced by 20%. Is this just another memecoin gimmick, or are the fundamentals sound? The Tron boss seemingly expects this will boost the token’s value. Tron will also add new pairs to the incentivized liquidity mining available on Sun.io beginning Sept. 30. The recent appearance of SUN is supported by the memecoin craze and the rise of DeFi yield farming. The Purpose of the Sun One problem is that the intended use for the SUN token

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

Cream Finance Introduces New Automated Market Maker creamY

Rate this post Compound Finance spin-off, Cream Finance, has recently released another Automated Market Maker (AMM) creamY.  Cream Finance, which was released in August 2020, in its notification has claimed that the newly-launched AMM is ‘dynamically updatable’.  creamY Based On Uniswap, Balancer Notably, the fork-off of Compound Finance used the concept of Uniswap, Balancer, Curve and Blackoleswap for generating creamY. As per the announcement, the new dynamic AMM will have two versions. Version 1 of creamY will have a low subsiding process and would be relevant for stablecoins. Version 2

Brace for it – Bitcoin Futures may be nearing a tipping point

What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: SkewWell, a small shift in Open Interest or trading volume can have a cascading effect on Bitcoin Futures’ performance in the next 180 days. Such a shift will be influenced by several factors, and it begins at the tipping point. Three factors, to be more specific. In the current phase of Bitcoin’s market

How to buy Linear Token (LINA) in Uniswap (Pre-Stake Program)

Linear Finance (LINA) is a decentralized delta-one asset protocol where users are given the ability to create, manage, and trade synthetic assets. Their synthetic assets, or Liquids, are much like a basket of assets, representing underlying assets without the need for the user to directly hold them. This innovation gives investors exposure to numerous kinds of markets at a much safer and more diversified strategy. Powering the platform is the Linear token (LINA), its native token that can be used for payment, staking, governance, liquidity mining, as well as investing.