Month: April 2020

One of the most curious and subtle developments of the COVID-19 global pandemic is the surging demand for stablecoins. Their total supply hit an all-time high recently — roughly $7.5 billion — with demand for Tether (USDT) and USD Coin (USDC) soaring. The development implicitly foreshadows financial disruption as desperate emerging market governments, foreign financial
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Props Project, a decentralized network of apps including Dating.com, is migrating from a private blockchain to Algrorand (AGLO). Props’ network of independent apps uses Props Token as a reward mechanism. Currently it has over three million users across various apps. The company developed PropsChain, a private fork of Ethereum that currently handles 50,000 transactions an
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OkEx Pool, the staking arm of the OkEx conglomerate, announced that it has joined an Ethereum 2.0 testnet as a Proof-of-Stake validator. As revealed by its April 29 blog entry, OkEx is now validating blocks in the Ethereum 2.0 Topaz testnet, launched by Prysmatic Labs. Alysa Xu, the chief strategy officer for OkEx, said that
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Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced the expansion of its stablecoin offerings alongside the launch of a “Stablecoin Center.” The Center, according to the announcement, will offer access to six stablecoins in the platform, including four of the most popular in terms of market volume:
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New analysis of the top 10,000 Ether wallet addresses certainly paints a very bullish picture for Ethereum as it moves towards Proof-of-Stake consensus. However, it also suggests that some highly questionable practices are being employed by certain major cryptocurrency exchanges and Ether (ETH) whale accounts. The Poloniex/Tron axis According to the report’s author, Adam Cochran,
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Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of Facebook’s digital currency Libra, according to a top project executive. Since Libra’s white paper release in June 2019, the not-yet-launched stablecoin
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