Cryptocurrency 

Facebook Cryptocurrency | Is the Tech Giant Developing a Stablecoin?

Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home. Facebook Cryptocurrency According to Bloomberg, the company is creating a stablecoin, a digital currency that is pegged to a fiat currency—often the US dollar. These types of cryptocurrencies are supposed to be less volatile than regular cryptos. Though not nearly at a launch stage, sources say that Facebook is…

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Cryptocurrency 

Circle and Coinbase Launch Their Joint Stablecoin USDC

Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the ‘CENTRE Consortium,’ which has its own website already. Circle and Coinbase: CENTRE Both Circle and Coinbase released their own individual blog posts about the joint venture and the launching of the stablecoin yesterday. The CENTRE Consortium is said to be aimed at “establishing a standard for fiat on the internet and providing a governance framework…

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Cryptocurrency 

Crypto Project Carbon Launches Stablecoin CarbonUSD

Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two competitor stablecoins, the Gemini dollar and Paxos Standard. What’s all the fuss about stablecoins? Stablecoins Stablecoins have become a more popular crypto release of recent months. Designed to bring stability to such a volatile market, the idea behind them…

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Cryptocurrency 

Crypto in Japan | Yen-backed Stablecoin in the Works

Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall. The South China Morning Post reported this morning that Grandshores Technology Group is planning on raising $100 million HK in an initial coin offering to finance a yen-backed digital token. Crypto in Japan “Blockchain will become the mainstream technology in the next three to five…

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