And now there are two contenders for the “2019 Crypto Hubris Award”, as if Libra needed a competitor to spur it on to victory or to smash it flat in defeat. Binance, the world’s largest crypto exchange by volume, in its infinite wisdom has decided to join the race to assist the un-banked masses of…
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Taringa! is a Latin American social networking company that has 27 million users. This social networking giant is launching a stablecoin rewards system with the help of two strong partners: the e-wallet provider Airtm and MakerDAO. The information comes from an official press release from the company’s website. The company revealed its new product in…
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Critics of Bitcoin have often pointed to its price volatility as an issue and reason why it could never be considered a secure “store of value”, but a Wall Street veteran of 22 years, Caitlin Long, has built an intellectual argument, which posits that, by design, the world’s favorite cryptocurrency provides systemic stability versus price…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 25, 2019. The text below is an excerpt and does not contain the full analysis. Let's start off by saying that Facebook's new Libra coin (under current proposal) should not be called a stablecoin.…
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Crypto currencies suddenly became front-page news over the past few weeks, due entirely to the “Big Reveal” of Facebook and its proprietary “Project Libra”. The degree of hype that this one storyline has received has not been witnessed during the decade-long history of the crypto world. If awareness leads to acceptance and then full adoption…
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Management for Bitfinex and Tether had their day in court, which may have resulted in more disclosures than its executives may have wanted. While the beleaguered crypto exchange and stablecoin manager was alleged to have mishandled cash reserves for Tether’s “USDT” stablecoin, the revelations in the courtroom confirmed what had been rumored for months. Executives…
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Facebook is surely at the forefront of cryptocurrencies and blockchain, it appears. After the company began a hiring spree back in 2018, the idea of creating a FaceCoin or a specific blockchain network was on. Here is what Leaprate reported back then: According to CCN, Facebook is probably exploring options for providing blockchain-based payment methods…
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Facebook was recently reported to have been thinking about its own digital coin, or the so called FaceCoin. As Leaprate reported earlier in 2019, "Facebook has 2.3 billion active clients located across the globe, eager to try the latest that technology has to offer, and cryptos and blockchain bring a lot to the table that…
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IBMR.io, a social impact economic development reserve and advisory, has just announced the launch of the Asia Reserve Currency Coin (ARCC). ARCC is a macroeconomic stablecoin that will be used to support and amplify the economic development of emerging markets in Southeast Asia. IBMR.io is founded by the former Vice Chairman of True Money Philippines, Sinjin…
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Back in August, 2018, Iran was rumored to be launching its very own cryptocurrency. Back then, the President of Iran, Mr. Hassan Rouhani stated that the plan to launch the digital coin is in its final stage and very soon, the country will enjoy a second official currency. The primary reason for a potential introduction…
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