Facebook in Talks With Coinbase, Winklevoss’ Gemini to Launch Its Globalcoin: FT Report

Social media giant Facebook has reportedly held talks with major United States-based crypto exchanges about the issuance of its own crypto, the Financial Times (FT) reports on May 24. Citing two people familiar with Facebook’s “Globalcoin” project, the FT wrote that Facebook has discussed the initiative with major crypto exchange and wallet Coinbase. The article […]

Coinbase Exchange Lists DAI Stablecoin

Major cryptocurrency exchange Coinbase announced on May 23, 2019, that it had listed Maker’s stablecoin Dai (DAI) on its trading platform. With this, users of Coinbase.com and its Android and iOS apps will now be able to buy, sell, and store DAI. Welcome DAI According to the announcement, Coinbase users in the U.S. can now […]

Coinbase Now Supports Another Stablecoin, MakerDAO’s Dai

Major cryptocurrency platform Coinbase now supports stablecoin Dai (DAI), according to an official press release on May 23. Coinbase says that the token can be purchased and sold, sent and received, and converted or stored in most jurisdictions on its platform, with the exception of New York, for now. DAI is designed to maintain a […]

Crypto Lender Dharma Adds Support for USDC

Crypto lender Dharma has begun supporting the peer-to-peer lending of USDC, The Block reported on May 22. Before now, the San Francisco-based company only supported Dai, a stablecoin backed by ether (ETH) that has been regarded as too risky by some investors due to its design, according to Max Bronstein, the company’s business development manager. As USDC is […]

Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the […]

New Zealand Blockchain Group Asks Govt. for National Strategy

BlockchainNZ, an organization that claims to be focused on enabling New Zealand businesses and individuals to advance in all things distributed ledger technology (DLT ), cryptocurrency and decentralization, is set to work with the nation’s authorities to implement a national blockchain strategy to enable New Zealand to get up to speed with other countries, according […]

Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22. Per the post, Justice Joel M. Cohen of the New York Supreme Court (NYSC) ruled to grant the companies their motion for an […]

Coinbase Payment Processing Service Now Supports Circle’s USDC Stablecoin

Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20. Per the announcement, Coinbase Commerce users can now accept USDC payments with no transaction fees. The announcement specifies that “unlike accepting credit card payments, merchants can accept […]

USD Stablecoins Hit Spot Trading Volume Record Highs, With USDT Still Dominating Market

Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21. Stablecoins tied to the greenback have broken through to a market cap of almost $4.3 billion, according to Diar’s data. The report also reveals a […]

Bitfinex and Tether Move for Case Dismissal Over Lack of Jurisdiction

Bitfinex and Tether lawyers are moving to dismiss their ongoing case versus the New York Attorney General (NYAG), according to court filings on May 21. Law firms representing the two companies argue that the New York Supreme Court (NYSC) does not have jurisdiction over the alleged misconduct being considered. The lawyers argue that the NYSC […]