Stablecoins essential for US dollar’s future, says Paxos CEO

None of the 21 founding members of the Libra Association, except Facebook, have yet committed any money to support Libra, according to the BBC.$10 million investment initially requiredSince the announcement of the Libra Association Council in June 2019, no financial agreement for the founding partners has been made to date, BBC reports Oct. 23, citing…

The Litecoin blockchain has been up and running for over a decade with no downtime. 347 Total views 8 Total shares Litecoin (LTC), known as “the silver to Bitcoin’s gold,” has been around for almost 11 years — which is quite a feat considering a fair amount of cryptocurrencies go bust within 12 months of…

Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty.Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, in an apparent bid to mitigate the risks posed by the forthcoming Libra cryptocurrency from social media giant Facebook.We will not…

One of the impediments to the adoption of blockchain and crypto technologies in the world are the regulations governing their introduction into the world of business. The constantly changing nature of the legal framework and the fear of being caught up in legal disputes with regulatory authorities, especially the tax ones, is forcing most small-…

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments. 1531 Total views 21 Total shares Own this piece of history Collect this article as an NFTThe Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border…

While it is difficult to define the intrinsic value of most cryptocurrencies, decentralized finance, or DeFi, tokens appear to be an important exception.As explained by Lucas Campbell, analyst at Fitzner Blockchain Consulting, in his Bankless blog entry, many decentralized finance protocols can be considered products with well-defined revenue streams.For example, Maker (MKR) makes money through…

LibertyX, the firm that launched America’s first Bitcoin (BTC) automated teller machine (ATM), will add 90 new machines to its network.In order to expand the network, Boston-based LibertyX has partnered with independent ATM operator DesertATM, according to a report by global ATM market publication ATMmarketplace on July 18.As a part of the partnership, DesertATM will…

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekKraken’s Jesse Powell will step down as CEO, stay on as board…

Everything about this DAO is designed to be completely anonymous and invisible on the blockchain, said Bitcoin OG Amir Taaki.