Asymmetry, Ampleforth launch afUSD to rival Ethena’s synthetic dollar

The U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated. 243 Total views 1 Total shares Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added to downward BTC price pressure.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC/USD bounces at $38,000Data from Cointelegraph Markets Pro and…

Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture. 324 Total views 17 Total shares The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a…

China’s self-regulatory bank organization the China Banking Association (CBA) will launch a blockchain-based platform to improve efficiency across the sector, participants confirmed in a statement Dec. 29.The project, formally dubbed the ‘China Trade Finance Inter-bank Trading Blockchain Platform,’ aims to use blockchain to target trade finance, transactions and other financial services.Multiple guinea pigs have signed…

Titan Crypto is attempting to bring professionally managed crypto portfolios to retail investors. The launch of the new offering coincides with a dramatic price rally for crypto assets. 728 Total views 140 Total shares United States investment adviser Titan has officially launched its new cryptocurrency offering targeting U.S. investors, giving market participants additional avenues for…

Bitcoin (BTC) was the top choice of famous analyst PlanB thanks to its scarcity and zero likelihood of negative interest rates.In a series of tweets on July 7, the creator of Bitcoin’s stock-to-flow price model explained what drove him to buy the cryptocurrency.PlanB: “Most people are asleep” on BTCPlanB has become well known as an…

Lawyer Oscar Franklin Tan believes that if the appeal is allowed, whoever wins will build momentum in the main case. 276 Total views 24 Total shares As the United States Securities and Exchange Commission (SEC) seeks an interlocutory appeal in its case against Ripple Labs, lawyers working in the crypto space expressed confidence in Ripple’s…

A recent Wall Street Journal investigation has found that $88.6 million in ill-gotten funds have been funneled through 46 cryptocurrency exchanges, the WSJ reported September 28. $9 million of the suspect funds reportedly went through crypto exchange ShapeShift.ShapeShift is a Switzerland-based digital currency exchange that was formed in 2014 by Erik Voorhees. Unlike other trading…