Bitcoin

Tether Treasury Mints $300 Million of Stablecoin: What Could It Mean for Bitcoin Price?

Yesterday, the Tether treasury, responsible for managing the supply of the stablecoin, has minted an additional $ 300 million USD worth of the fiat-backed stablecoin, following the recent bullish Bitcoin price action. Prior to the powerful break through seemingly unbreakable support at $ 6,000 in November, Tether had removed the same amount from the market, […]

Altcoins

Coinbase-Backed Stablecoin Claims Rivals Deceptively Pump Market Caps

Touted as the next big thing in crypto, stablecoins promise investors volatility-proof exposure to decentralized assets, but insiders say that this emerging asset class is vulnerable to the same manipulative practices that have tarnished the broader ecosystem. According to Nevin Freeman, chief executive officer of Reserve, a Coinbase-backed stablecoin, many of his rivals artificially inflate […]

Ethereum

MakerDAO Opens Token Holder Vote on Fee Hike for Ethereum Stablecoin

The open-source developer group behind the dollar-pegged, ethereum-backed stablecoin DAI is considering whether higher fees could help stave off mounting liquidity issues. During the weekly developer call on Feb. 28, some token holders, including MakerDAO founder Rune Christensen, voiced concerns about whether the peg, the mechanism by which the cryptocurrency holds a stable value, can continue […]

Crypto News

7 Reasons Why That Hot New ‘Bitcoin Stablecoin’ Sounds Like Junk

A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works [embedded content] The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.” Last October Bitcoin custody company BitGo announced a partnership with Kyber Network and Republic Protocol to launch […]

Ethereum

A Bitcoin-Backed Stablecoin Has Launched on the Ethereum Blockchain

A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening. The project was first unveiled in October as a joint initiative between decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. As stated on the […]