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Facebook Building Cryptocurrency-Based Payments System

At the heart of the initiative, under way for more than a year and code-named Project Libra, is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet, according to people familiar with the matter.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·wsj.com·May 7, 2019

Facebook Building Cryptocurrency-Based Payments System

On Stablecoins and Beauty Pageants

As is currently being done, crowd-sourcing of pricing data feeds is fundamentally broken for stablecoins because the incentives are misaligned. Stablecoins that rely on this fundamental mechanism should be considered broken.

#CryptoAssets #Stablecoins #AltCoins #Fintech #DFC

·hackingdistributed.com·May 7, 2019

On Stablecoins and Beauty Pageants

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

Bitfinex has released the official white paper for its $1B exchange token sale, said it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·coindesk.com·May 8, 2019

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

The Not-So-Fun Adventures of Tether & Bitfinex – Wave Financial

Decentralized algorithmic stablecoins (eg DAI) do not contain any of the risks outlined in this summary of the Tether situation. While they do contain a host of other risks, those that value transparency migrate may migrate to DAI.

#Fintech #CryptoAssets #AltCoins #Stablecoins #Tether #DFC

·medium.com·May 8, 2019

The Not-So-Fun Adventures of Tether & Bitfinex – Wave Financial

JPMorgan Has Quietly Rebooted the Blockchain Tech Behind Its JPM Coin

The JPM Coin team replaced Constellation, Quorum’s privacy layer written in the Haskell computer language, with Tessera, which has a similar design, but is built in Java to make it easier for businesses to use and deploy.

#CryptoAssets #Blockchain #JPMCoin #AltCoins #Stablecoins #Fintech #DFC

·coindesk.com·May 9, 2019

JPMorgan Has Quietly Rebooted the Blockchain Tech Behind Its JPM Coin

MakerDAO Is Leaving Crypto Borrowers With Rising Bills

MakerDAO emerged as a clear market leader in part for its rock-bottom interest rates of 0.5 percent, which are a technological necessity for keeping its DAI stablecoin worth $1. With interest rates rising to 19.5 percent, some early borrowers are angry.

#Fintech #AltCoins #Stablecoins #CryptoAssets #DAO #DAI #DFC

·coindesk.com·May 10, 2019

MakerDAO Is Leaving Crypto Borrowers With Rising Bills

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

The U.S. Senate Banking Committee wrote an open letter to Facebook CEO Mark Zuckerberg, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy.

#Fintech #Facebook #CryptoAssets #AltCoins #Stablecoins #Libra #DFC

·banking.senate.gov·May 10, 2019

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

Stablecoins Have No Need for Public Blockchains

Is issuing fiat-backed stablecoins on public blockchains the best approach? Is a public, permissionless blockchain actually necessary? Let’s take a closer look at what stablecoins supposedly gain from the use of public blockchains and whether there may be more practical options available to issuers.

#Fintech #AltCoins #Blockchain #Sidechains #Stablecoins #DFC

·longhash.com·May 11, 2019

Stablecoins Have No Need for Public Blockchains

Maker DAI Economics, Part II: Is DAI Dead?

Is the Maker DAI experiment over? Have MKR holders been underwater from the beginning, and increasing stability fees is their attempt to resuscitate their investment with the side effect of killing the patient?

#AltCoins #CryptoAssets #Stablecoins #DAO #Fintech #DAI #DFC

·medium.com·May 13, 2019

Maker DAI Economics, Part II: Is DAI Dead?

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD

The company behind the Paxos Standard (PAX) stablecoin announced that its users can now instantaneously redeem unlimited amounts of its tokens for United States dollars.

#Fintech #Stablecoins #AltCoins #CryptoAssets #DFC

·cointelegraph.com·May 13, 2019

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD

The Winklevoss twins want to take cryptocurrency mainstream

Gemini is joining forces with Flexa, a platform that enables shoppers to spend bitcoin, ether, Bitcoin Cash, and Gemini dollars at major retailers across the U.S.

#Stablecoins #CryptoAssets #Fintech #DFC

·fastcompany.com·May 13, 2019

The Winklevoss twins want to take cryptocurrency mainstream

Facebook’s top-secret blockchain project is moving forward. What is Project Libra?

Facebook is working on a blockchain-based payment solution code-named Project Libra. What are the implications for FacebookCoin, the Facebook ecosystem, and the wider blockchain space?

#Facebook #CryptoAssets #AltCoins #Stablecoins #Fintech #Blockchain #Libra #DFC

·bravenewcoin.com·May 14, 2019

Facebook’s top-secret blockchain project is moving forward. What is Project Libra?

Neutral Dollar is Now Live

Neutral Dollar is a metastable basket of stablecoins. The result is a digital dollar designed to have lower volatility than individual stablecoins by combining fragmented pools of liquidity.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·neutralproject.com·May 16, 2019

Neutral Dollar is Now Live

MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 Months

For the first time in five months, MakerDAO token holders have voted to decrease fees on all DAI loans. DAI is a dollar-pegged stablecoin operating on the ethereum blockchain backed by nearly 2 million ether tokens.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DAO #DAI #DFC

·coindesk.com·May 16, 2019

MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 Months

Another Gold Backed Token Launches

A new digital token backed by $300 million worth of gold guaranteed by the Chinese Gold and Silver Exchange has just been released in Hong Kong.

#Tokenization #Stablecoins #CryptoAssets #AltCoins #Fintech #DFC

·finteknews.com·May 17, 2019

Another Gold Backed Token Launches

Banks to invest around $50 million in digital cash settlement project

Several of the world’s largest banks are investing around $50M in Fnality to create a blockchain-based digital cash system to settle financial transactions. It may be an offshoot of the UBS and Clearmatics "utility settlement coin" project.

#Fintech #Blockchain #Stablecoins #DFC

·in.reuters.com·May 17, 2019

Banks to invest around $50 million in digital cash settlement project

Facebook forms Swiss fintech firm with payments focus

Facebook has set up a new Fintech company, Libra Holdings, in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva’s commercial register shows.

#Fintech #CryptoAssets #Blockchain #AltCoins #Stablecoins #DFC

·reuters.com·May 17, 2019

Facebook forms Swiss fintech firm with payments focus

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Bitfinex has reportedly raised $1B worth of US dollars, Bitcoin and Tether with its UNUS SED LEO exchange utility token offering. LEO lies “at the heart of the [Bitfinex parent] iFinex ecosystem" and will be useable for a variety of exchange-based activities.

#Fintech #CryptoAssets #AltCoins #Stablecoins #Tether #DFC

·cointelegraph.com·May 18, 2019

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Circle has published the latest third-party (Grant Thornton) audit of its USD-pegged stablecoin, USD Coin. It states that as of end-April there were 293,184,174 USDC issued and $293,351,374 in the firm’s reserves.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·cointelegraph.com·May 19, 2019

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Abu Dhabi Global Market Enhances Guidance on Crypto-Asset Activity Regulation

The Financial Services Regulatory Authority of Abu Dhabi Global Market enhanced its Guidance for the Regulation of Crypto Asset Activities, including updates on stablecoins, crypto-asset custody, technology governance, and AML/CFT standards compliance.

#Fintech #CryptoAssets #Stablecoins #Regulation #Custody #AMLCFT #DFC

·adgm.com·May 21, 2019

Abu Dhabi Global Market Enhances Guidance on Crypto-Asset Activity Regulation

Tether admits in court to investing some of its reserves in bitcoin

In a court transcript Tether admits that it invested some of its reserves in bitcoin. David Miller, an attorney for Bitfinex said: “Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin.”

#Fintech #CryptoAssets #AltCoins #Bitcoin #Tether #Stablecoins #DFC

·theblockcrypto.com·May 21, 2019

Tether admits in court to investing some of its reserves in bitcoin

Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions

Crypto startup Circle has laid off roughly 30 people, or about 10% of its staff. The company – which owns the USDC stablecoin in partnership with Coinbase – is looking to cut costs.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·coindesk.com·May 21, 2019

Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions

Binance Research Report on the Evolution of Stablecoins

How are fiat-backed stablecoins adapting their strategies to remain competitive?

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·info.binance.com·May 21, 2019

Binance Research Report on the Evolution of Stablecoins

Outstanding Stablecoins, Spot Trading Volumes Hit Record

Stablecoins have hit an all-time high with over $4B USD-pegged tokens now on the blockchain. While Tether dominance remains, new stablecoins that came to market recently have made leapfrogs of progress.

#Fintech #CryptoAssets #Bitcoin #AltCoins #Stablecoins #DFC

·diar.co·May 22, 2019

Outstanding Stablecoins, Spot Trading Volumes Hit Record

Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin

Coinbase Commerce, the crypto exchange’s zero transaction fee merchants payments offering, has added support USD Coin. Merchants can accept It without geographical limitations or the need for a traditional bank account.

#Fintech #CryptoAssets #Stablecoins #CrossBorder #AltCoins #DFC

·coindesk.com·May 22, 2019

Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin

Facebook plans to launch crypto-currency by Q1 2020

Facebook plans to test its GlobalCoin crypto-currency and digital payments system by the end of 2019 and launch in about a dozen countries by Q1 2020. Facebook is expected to outline plans in more detail this summer, and has already spoken to Bank of England governor Mark Carney and US Treasury officials about operational and regulatory issues. The firm is also in talks with money transfer firms including Western Union.

#CryptoAssets #Stablecoins #Fintech #AltCoins #DFC

·bbc.com·May 24, 2019

Facebook plans to launch crypto-currency by Q1 2020

Anchor Cryptocurrency | A Safe Harbor for Your Holdings

Anchor is a stablecoin designed to preserve and enhance the value of your holdings. Anchor is pegged to the growth of the global economy, protected by a safety net comprised of six pillars.

#CryptoAssets #AltCoins #Stablecoins #DFC

·theanchor.io·May 24, 2019

Anchor Cryptocurrency | A Safe Harbor for Your Holdings

BitPay, and Hence AT&T, Supports Five Cryptocurrencies

BitPay supports settlement in 12 currencies and direct bank deposit in 37 countries. Cryptocurrency settlements are supported in over 200 countries. Cryptocurrency - Bitcoin (BTC), Bitcoin Cash (BCH), Gemini Dollars (GUSD), Paxos (PAX), and Circle USD Coin (USDC)

#Stablecoins #Fintech #CryptoAssets #AltCoins #DFC

·support.bitpay.com·May 24, 2019

BitPay, and Hence AT&T, Supports Five Cryptocurrencies

Facebook held talks with Winklevoss twins over new currency

To make sure that its new currency, a digital coin linked to the value of the dollar, is liquid and tradeable, Facebook has talked to Jump and DRW, Chicago’s biggest high-frequency trading firms about making a market, according to two people familiar with the talks.

#Stablecoins #Fintech #CryptoAssets #AltCoins #DFC

·ft.com·May 24, 2019

Facebook held talks with Winklevoss twins over new currency

Turns out, you can make money on horse manure, and tethers are worth just that

In its terms of service, Tether says it “reserves the right to delay redemption or withdrawal” of tether in the event of illiquidity. The company also says that it reserves the right to pay you “in-kind redemption of securities and other assets” held in its reserves.

#Fintech #CryptoAssets #AltCoins #Stablecoins #Tether #DFC

·amycastor.com·May 26, 2019

Turns out, you can make money on horse manure, and tethers are worth just that