5 Most Popular USD Pegged StableCoins in the Cryptoverse

What is StableCoin? Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. In theory, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater sense of safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies.…

How to Make Money with DeFi OTC

There has been a recent surge in products as well as platforms providing DeFi services. Decentralized Finance, commonly referred to as DeFi, denotes any financial service offered on a blockchain, usually Ethereum smart contracts. An example of DeFi services and solutions is Over-the-Counter (OTC) cryptocurrency, which in the past three years has witnessed enormous growth marked by a substantial increase in volume and clients across the globe. Bloomberg's recent report established that OTC turnover in 2018 amounted to more than…

Circle Set to Launch Its Business Account and Programmable APIs

On the 10th of March 2020, Circle, the USDC stablecoin provider, announced it is expanding its Business Account for USDC and introducing a new set of APIs. These APIs control how various software components can interact.  The APIs established by Circle will allow developers to automate USDC transactions in different ways. They will allow businesses to receive both credit and debit card payments in USDC. It will facilitate payments by enabling firms to acquire funds as soon as possible. More…

Kraken Exchange Acquires the Once-Powerful Circle’s OTC Desk

Founded in 2013, the San Francisco-based cryptocurrency exchange Circle is one of the earliest digital assets players. The OTC office once got recognized as one of the most profitable companies on the market. On 17 December, Kraken confirmed its purchase of Circle's over-the-counter office. In a blog post announcing the move, Circle co-founders Jeremy Allaire and Sean Neville confirmed the firm's OTC business's sale to Kraken. They stated that they have known and admired Jesse and his team at Kraken…

Poloniex Review – Exchange Features, Trading Fees, and Security

Poloniex operates as one of the leading cryptocurrency exchanges in the market today. The network earned this reputation by remaining innovative and always seeking to provide users with more protection. For example, the Poloniex exchange was one of the first crypto companies to seek regulatory approval from FinCEN actively. It’s also one of the oldest exchanges still in operation today.   Benefits of The Poloniex Exchange Poloniex exchange rose to fame due to its simple user interface and appealing design.…