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Stablecoin

News

Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’

In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian …

News

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins. DFX raised more than $5 million …

News

Stablecoin RAI launches, a pure, decentralized alternative for DeFi

New Ethereum-backed stablecoin RAI hopes to be the savior of the DeFi sector by providing a truly decentralized stablecoin alternative.  Developed by blockchain startup Reflexer Labs, RAI is not pegged …

News

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape …

News

Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure

The Diem Association is progressing towards launch with a new technical upgrade that reportedly allows more financial institutions to connect with the payment network.  Crypto security specialist Fireblocks and First …

News

Roses are red, violets are blue, Bitcoin hits $49K and a new all-time high too

The price of Bitcoin (BTC) achieved a new record above $49,000 on Valentine’s Day on Feb. 14, rising to as high as $49,344 on Coinbase. There are three main reasons …

News

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like …

News

LUNA doubles in price after $25 million investment by Galaxy Digital

LUNA, the native coin of the Terra blockchain, shot up another 37% to $2.46 on heavy trading volumes today, continuing a parabolic climb that started in mid-November.  The coin is …

News

Stablecoin holdings on crypto exchanges hit a new all-time high

Amid renewed bullish action on cryptocurrency markets, stablecoins like Tether (USDT) are flooding exchanges to hit a new historical high in terms of allocation. According to market data provider CryptoQuant, stablecoin …

News

Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi

Circle, the company behind the second most popular stablecoin USD Coin, has rolled out a new API that will allow for the seamless transfer of USDC to USD via automated …

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Recent Posts

  • No crypto ban in India: Finance Minister predicts “very calibrated” stance
  • Ethereum fees are skyrocketing — But traders have alternatives
  • Bitcoin traders worry as BTC price remains pinned below $50K
  • Dev says $31 million Meerkat Finance exploit was a ‘test’; will return funds
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