House committee ranking member says a stablecoin bill could be coming soon

In late August various crypto media reported that Tether planned to issue a Chinese yuan-backed stablecoin. Bitfinex shareholder Zhao Dong told ChainNews that the stablecoin would be called CNHT and be held in offshore accounts. Zhao also said that his peer-to-peer lending platform, RenrenBit, had invested in the project and on Sept. 9 Tether officially…

A snowball effect knocks BTC price through key support levels after today’s 6% drop sends Bitcoin to its lowest levels since mid October. 226 Total views 19 Total shares Bitcoin (BTC) fell through key support levels on Nov. 18 in a fresh test of bulls' resolve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Strong market-wide selling" hitsData…

Cryptocurrency lending company Genesis Capital processed $1.114 million in borrows and lends last year, according to the recently released Digital Asset Lending Snapshot for Q4 2018.At the end of Q3 2018, the company published its first Digital Asset Lending Snapshot, which reported that Genesis Capital only processed $553 million at the time counting from the…

Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9.Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a…

The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov, published on Medium on September 11.In the research, the authors review the code of the GUSD’s smart contract in…

New York-based blockchain analytics firm Chainalysis is launching a major partnership program to expand its operations and broaden its intelligence capabilities.As one of the highest-profile analytics firms in the blockchain intelligence industry, Chainalysis develops investigative tools that enable firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities.Speaking to Cointelegraph…

It’s one of the biggest challenges facing blockchain and crypto — a hurdle only the industry can solve. Without a solution, even CEOs from major global exchanges fear that mass adoption will never be achievable.Scalability is the long-running thorn in the side of this fledgling technology, which is still relatively young and has yet to…