Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins

Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.” Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1. With new coins emerging all …

Report: China Leading World in Blockchain Projects

China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2. Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total. Li Qilei, the CTO at blockchain …

Cryptocurrencies Not Currently Viable for Terrorism Financing: Think Tank

RAND Corporation, a U.S. nonprofit think tank, has published a report on the illicit use of crypto by terrorist groups. Cryptocurrencies are not well-suited for the needs of terrorist groups, United States nonprofit think tank RAND Corporation states in a report published on March 27. The report, dubbed “Terrorist Use of Cryptocurrencies: Technical and Organizational …

Decentralized Platform Launches New Features as Demand for Crypto Lending Increases

A decentralized peer-to-peer network says it is well placed to cater to the growing demand for crypto lending, and has unveiled new tool that allows users to borrow USD-backed stablecoins against cryptocurrency collateral. Nitrogen cites research from Bloomberg that shows how demand for loans backed by crypto collateral soared in 2018, as the price of Bitcoin …

Russian Social Media Giant VK Eyes Launching its Own Crypto: Report

The most popular social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, local news outlet RNS reported on March 28. Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. …

The Implications of Fusing 5G and Blockchain

Analysts have been anticipating the implications of the Internet of Things (IoT) for several years. However, there have been two main impediments to its success: capacity and security. But now, the introduction of a new technology could change that. This year, major carriers like AT&T and Verizon will be introducing 5G, the latest generation of …

Putin Adviser Says ‘CryptoRuble’ Will Circumvent Sanct… | News

At a recent government meeting, Sergei Glazyev, economic adviser to President Putin, said the ‘CryptoRuble’ could help alleviate the pressure of Western sanctions, The Financial Times reported Monday. However, there is still no unified official stance from the Russian government on the question of issuing a national digital currency. The Russian CryptoRuble is essentially a …

Peter Thiel’s VC Fund Invests Millions Into Bitcoin, M… | News

Peter Thiel’s San Francisco-based venture capital firm Founders Fund has invested millions of dollars into Bitcoin (BTC), the The Wall Street Journal (WSJ) reported today, citing sources “familiar with the matter”. The Fund reportedly invested $15-20 million into Bitcoin, which has grown into hundreds of millions in the past year. Since Jan. 1, 2017, BTC …