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Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York...
The New York Department of Financial Services (NYDFS) has authorized Gemini Trust Company LLC, the cryptocurrency exchange platform founded by the Winklevoss brothers, and Paxos Trust Company LLC, formerly itBit, to offer a price-stable cryptocurrency pegged to the US dollar. Commonly known as stablecoins, these aim to offer a liquid,...
Blockchain companies raised US$1.8 billion through 343 deals during the first half of 2018, a new record for venture capital (VC) investment in the sector that highlights soaring demand from VC firms, according to a new report by blockchain VC firm Outlier Ventures. The trend has been largely driven by...