Tag Archives: Stablecoins

Basis Stablecoin Confirms Shutdown, Blaming ‘Regulatory Constraints’

Basis, the most well-funded stablecoin startup, has confirmed that it is shutting down and returning all of its remaining funds to investors. The company realized that the regulatory landscape was too unfavorable to launch the project, according to an interview published today in Forbes. The startup’s move to return funds to investors was first reported by crypto news… Read More »

Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

Advertisement According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority of Tether… Read More »

Crypto Firm Fragments Launches Stablecoin Following ‘Ampleforth’ Rebrand

Advertisement Fragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the “1984” character whose job is to translate poetry into Newspeak. Ampleforth aims to preserve the unit of account and money properties of its tokens. Instead of pegging to a fixed supply of… Read More »

Stablecoins Could Lead Cryptocurrency Growth in 2019

Cryptocurrency, Stablecoins–With Bitcoin making a shaky climb closer to $4000, the entire industry of cryptocurrency is still reeling from hitting a relative low on the year last week. Since the start of the year, the number one cryptocurrency by market capitalization is down nearly 80 percent since peaking close to $20,000 in December 2017. For some, the falling… Read More »