Bitcoin

Bitcoin’s Liquid Sidechain Welcomes Japanese Yen Stablecoin

Blockstream has announced Crypto Garage, a joint venture with Digital Garage and Tokyo Tanshi, to serve the Japanese Bitcoin market. The partnership will soon launch the Liquid sidechain based SETTLENET suite, the first application of which will be a yen-pegged stablecoin. SETTLENET on Bitcoin’s Liquid Sidechain The SETTLENET suite aims to provide Japanese exchanges and OTC trading desks with enhanced liquidity, speed […]

Crypto News

Facebook Cryptocurrency: Is the Tech Giant Developing a Stablecoin?

Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home. Facebook Cryptocurrency According to Bloomberg, the company is creating a stablecoin, a digital currency […]

Blockchain

Facebook Wants to Mint Its Own Stablecoin for WhatsApp

Facebook, the world’s largest social media website has been reportedly working on a stablecoin to allow WhatsApp users to transfer money. The company’s initial focus is supposedly the remittance market in India.  Facebook’s Stablecoin The social media mogul is developing a stablecoin pegged to the US dollar, Bloomberg reports, citing sources who have asked not to be named. […]

Altcoins

Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves

Advertisement An investigative report by Bloomberg News has revealed that Tether makes a substantial amount of interest on its US Dollar reserves. The US Dollar reserves are kept in banks across several jurisdictions including Canada, the Bahamas and Puerto Rico. According to bank statements seen by Bloomberg, Tether earned at least $ 6.6 million in interest between […]