Paxos Standard (PAX) Stablecoin – Secure & USD Collateralized

Just over a month ago on September 10, 2018 the New York based blockchain company Paxos announced the release of a new stablecoin called Paxos Standard, with the ticker symbol PAX. This is a fully USD-collateralized stablecoin that is being released by Paxos Trust Company. It is also regulated and …

Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16. Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September. In …

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

Financial services giant Fidelity is taking a huge step into cryptocurrency. The 72-year-old firm announced the launch of a separate company, Fidelity Digital Asset Services, on Monday that will handle cryptocurrency custody and trade execution for institutional investors. “Our goal is to make digitally native assets, such as bitcoin, more …

Ripple’s cryptocurrency product goes live for the first time with three financial firms

Ripple’s cryptocurrency product for cross-border payments will go live for the first time with three financial institutions. The San-Francisco-based financial technology firm said Monday that xRapid, which uses the cryptocurrency XRP to carry out international transactions in “a matter of minutes,” is now commercially available. It will be used by …

Report: Tether (USDT) Is Still the King of Stablecoins

Despite the explosion of stablecoins launching in 2018, Tether (USDT) continues to dominate as Tether accounts for 98% of the total daily trading volume of all stablecoins, as well as 60% of Bitcoin’s daily trading volume. This data comes from a recent report by Blockchain, a leading European cryptocurrency wallet …

Ethereum Classic (ETC) Likely To Dominate IOT And dApps By 2020

As developers express concerns over the centralized nature of dApp development and deployment on Ethereum (ETH), dApp popularity on the Ethereum Classic (ETC) blokchain has just doubled in two months. Ethereum Classic (ETC) has taken a more practical approach to dApp development compared to Ethereum (ETH), one that is more …

Bitcoin: Widespread Adoption Could Drive Prices Much Higher

Bitcoin’s Path To Widespread Adoption The world is a big place, unfortunately there are not that many Bitcoin (BTC-USD) to go around. Last winter we saw a prelude to what can happen when people in mass want to acquire Bitcoin, the price skyrockets. However, since then Bitcoin’s price has corrected …

Bitcoin Bulls Are Sweating Latest Test of Key Resistance Level

Bitcoin’s recent stumble could turn into a full-blown tailspin, testing its strong support level of $6,000 again, according to a leading technical indicator. The biggest cryptocurrency has bounced off the $6,000 mark four times since February, and a break below that price could signal further capitulation. The GTI VERA Convergence …

New York Regulator Greenlights Paxos Ethereum-Based Stablecoin

A new U.S.-dollar collateralized stablecoin has been given the thumbs up by crypto’s toughest regulatory regime. The New York Department of Financial Services, creators of the controversial BitLicense regulatory framework, greenlighted the Paxos Standard coin on Monday and will regulate the asset. Developed by Paxos, the Ethereum-based stablecoin is designed …

IBM Launches a Payment Platform Using the Stellar (XLM) Blockchain

Multinational technology company IBM has launched a blockchain-based financial solution to upend the existing status quo regarding remittances and global payments. This proposed solution, called IBM Blockchain World Wire, is set to adopt the Stellar (XLM) blockchain alongside other digital assets to allow instant money transfers of a guaranteed amount. …