Cryptocurrency Analysis and News Portal
Its value will rely solely on the “basket of national currencies” whose collective worth backs up SGA’s list price. Meant to mimic the International Monetary Fund’s Special Drawing Rights, a currency-like reserve asset pegged to the dollar, euro, renminbi, pound sterling and yen, this “basket” will ensure SGA’s stable price. Source
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New York-based ETF provider Wisdomtree has launched a physically backed bitcoin exchange-traded product (ETP) on Switzerland’s SIX stock exchange. According to Wisdomtree,
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A new bitcoin exchange traded product has just listed on the Swiss stock exchange SIX, and it's physically backed by the underlying crypto. Source
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Currency is vital to the global economy. It allows us to agree upon the value of something and exchange goods and services quickly. From building bridges to rocketships, currency incentivizes and coordinates people to work on things together by providing a standard global value (SGV). It’s a communication tool!It is
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Stablecoins, like Tether (USDT) or Facebook’s Libra, are a new sort of cryptocurrencies that differ from the rest by avoiding fluctuating prices which make even the popular cryptocurrencies, such as Bitcoin(BTC)trade, difficult for trade. Their value is based on stable underlying resources. Some are backed by dollars, and some by
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One of the leading digital asset exchanges in the world, OKEx has joined forces with Klaytn – a global public blockchain project as an Ecosystem Partner. As a part of the partnership, OKEx will be working closely with other partners in the Kakao Corporation backed blockchain project.The Klaytn blockchain platform
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A former campaign adviser to United States President Donald Trump is planning to release a stablecoin based on a fractional reserve.As Fortune reported on Oct. 21, Stephen Moore announced plans to launch a stablecoin dubbed Frax, which will be backed by a fractional reserve of U.S. dollars.As such, the
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Microsoft and Intel are backing a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA).EEA creates new reward token systemThe EEA, which sets standards for Ethereum-based blockchain applications in business, shared the developments in a statement with CryptoX on Oct. 7.The organization said that it has
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Cryptocurrencies are constantly subject to exchange rate fluctuations and are characterized by high price volatility. For making crypto money more useful and more stable, a special type was created: stablecoins.Related: Stablecoins, ExplainedStablecoin is a cryptocurrency whose value is tied to some valuable asset. This asset could be fiat money,
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Jennifer Lopez and Alex Rodiguez invested in the fintech firm Acorns Grow Incorporated. They should buy bitcoin next. Here's why. | (i) Photo by ANGELA WEISS / AFP (ii) Shutterstock; Edited by CCNBy CCN Markets: It’s not unusual to see A-listers diversify their income streams by investing in promising
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