The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

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How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles – and successes – of attempting to do so when he…

Japan’s Second Biggest Bank Launching Yen-Pegged Stablecoin in March 2019

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Mizuho Bank, Japan’s second largest financial institution, is readying the infrastructure for a stablecoin launch in March 2019, as reported by Asia Nikkei Review. The coin is aimed at increasing low-cost cross-border transfers and remittances. Moving towards Crypto-Finance Mizuho plans to promote cashless payments in Japan by deploying its offering across retail stores for feeless-transactions,…

New Evidence Suggests Tether Does Not Have the Dollar Reserves It Claims

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Reports from the Central Bank of the Bahamas indicate that Tether Ltd. may have never deposited funds into the country. These findings could suggest that Tether may be holding their reserves elsewhere, or not have any reserves at all. In either case, the results could be catastrophic for the cryptocurrency markets. Investors have become increasingly…

Bitfinex Has Enabled Margin Trading for Tether?

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Strangely enough, the cryptocurrency exchange Bitfinex has introduced margin trading for Tether’s controversial stablecoin, USDT. The purpose of USDT is to trade at parity with the dollar, providing the stability of the dollar with the utility of a cryptocurrency. In an unusual announcement, Bitfinex has introduced a feature to enable margin trading, the process of…

Stablecoins: Money of the Future

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Stablecoins are currently the fastest growing sector of the cryptocurrency market, worth $186 billion; these constitute cryptocurrencies whose values are pegged to real life commodities like gold or the US dollar. This is opposed to traditional cryptocurrencies such as Bitcoin or Ethereum whose markets are very volatile and can fluctuate by 10-20 percent in the…

Tether Clears Air with New Banking Partner and Balance Sheet

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In an apparent attempt to bring an end to USDT’s unrelenting solvency saga, Tether Limited has procured a new banking partner and laid bare its “portfolio” reserves in an account statement dated Oct. 31. We are pleased to be able to confirm that Tether has an account with Deltec Bank & Trust Limited https://t.co/LSn64soUsC .…