Crypto Long & Short: Why Tesla’s Reversal Is Good for Bitcoin
The company’s recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?…
Tag: Stablecoins
Nigerians Turn to Stablecoins for Protection Against Inflation
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation. Okeke Leticia Chigozie, a 28-year-old…
Bitcoin Tops $38K for First Time, Bringing Year-to-Date Gain to Over 30%
Continuing its torrid run, bitcoin topped $38,000 for the first time Thursday, a day after the leading cryptocurrency rocketed past $36,000 and $37,000. The price…
Billions in Crypto ‘Dry Powder’ On Exchanges Ahead of Bitcoin’s Next Move
With the stablecoin market remaining at record-high levels for well over a month, more analysts are taking it as a sign that crypto traders have…
Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates
With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency…
US Treasury Secretary: Regulatory Fears Forced Libra Exodus
U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet…
MakerDAO Voters Divided on How Much to Hike Fee for DAI Stablecoin
Token holders for the programmatic loan system MakerDAO have once again signaled support for raising fees through a now-weekly online poll. Starting tomorrow, the winning…
Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz
Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrencyinvestor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in…
This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto
After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin,…
South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin
South Korea e-commerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin Terra in a press release Wednesday, August 29. TMON, which…