Currency

The post Digital Currency Group Settles Debts, Focuses on New Grayscale Products appeared first on Coinpedia Fintech News DCG clears debts! Digital Currency Group (DCG) announced that it has fully repaid its short-term debts as of June 2024, leaving only a $1.1 billion promissory note owed to its bankrupt crypto-lending subsidiary, Genesis. This promissory note is due in 2032. Over the past 18 months, DCG managed to repay over $1 billion to its creditors, benefiting from strong financial performance in…

The post Creating Crypto Currency: Token vs Coin appeared first on Coinpedia Fintech News Introduction Cryptocurrencies are digital or virtual currencies that use cryptography to stay secure. Unlike regular money governments issue (fiat currencies), cryptocurrencies run on blockchain—a decentralized ledger that a network of computers (nodes) maintains to ensure transparency and stop double-spending. Why Does Knowing the Difference Between Tokens and Coins Matter to Blockchain Developers? For blockchain developers, knowing the difference between tokens and coins has a significant impact…

X (formerly Twitter) is on the brink of launching a peer-to-peer payment functionality, advancing toward its vision of making it an “everything app”. Although X plans to initially integrate fiat currencies, the platform’s development hints at the potential future integration of cryptocurrencies. X CEO Linda Yaccarino has announced that X (former Twitter) is on the brink of launching a peer-to-peer payment functionality.  Speaking at the  Cannes Lions International Festival of Creativity in France,  X CEO Linda Yaccarino highlighted the great…

Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company’s Alloy by Tether platform.  By leveraging smart contracts on the Ethereum Mainnet blockchain, users can mint aUSDT by over-collateralizing it with another Tether token representing the value of gold. Tether Launches Alloy According to the announcement, Alloy by Tether, developed by Moon Gold NA S.A. de C.V. and…

Saudi Arabia will sell oil in local currencies, moving away from the US dollar after 50 years. The decision could drive Bitcoin and XRP prices to new highs, impacting global financial markets.  In a recent announcement, Saudi Arabia said it would cease using the US dollar for oil transactions, ending a 50-year contract with the United States. This expiration could pave the way for Saudi Arabia to start selling its oil in currencies other than the US dollar, including those…

The President of Iran, Ebrahim Raisi, who is also a key member of the BRICS alliance has reportedly died from a helicopter crash that occurred in the Northwest region of the country.  To many, this could halt the common currency goal of BRICS, however, others expect nothing to change.  Iran’s president, Ebrahim Raisi, and Foreign Minister, Hossein Amirabdollahian, have been confirmed dead after a helicopter they were traveling with crashed in the wild northwest region of the country. It is…

Singapore, シンガポール, May 13th, 2024, Chainwire Bunzz is launching AnyAlt Finance. AnyAlt is a DeFi product that combines an on-ramp function with a DEX. In simple terms, it's a platform where the user can buy any token, regardless of market capitalization, using fiat currency. A Solution That Increases Token Project Liquidity Emerging token projects typically focus on key performance indicators such as enhancing liquidity and expanding their holder base. To achieve this, those projects often implement buttons on their landing…

In a recent interview with CryptoPotato during the 2024 Token2049 Dubai Conference, Tether’s CEO, Paolo Ardoino, spoke about AI, the Bitcoin halving, the recently-launched ETFs, USDT’s market share, and much more. Ardoino, who is also the CTO of BitFinex, believes stablecoins, such as USDT, are made for the unbanked and not for developed countries like the US. Bitcoin ETF/Halving Impact The interview was conducted mere hours before the fourth halving took place (which was in the early hours of April…

Luzius Meisser supports the initiative, arguing Bitcoin offers more stability than traditional Euro and Dollar investments. Experts suggest diversifying national reserves with Bitcoin could mitigate risks linked to government bonds prone to default. Yves Bennaïm, a key figure in the Swiss cryptocurrency community, has launched a public initiative proposing that the Swiss National Bank (SNB) include Bitcoin in its currency reserves. This initiative seeks to amend the constitution to specify that the SNB’s reserves should be held in both “gold…