Looking for the Best Wallets to Store your Stablecoins?

A stablecoin is a form of cryptocurrency whose value is fixed by pegging them to another asset's price, usually a FIAT currency held in bank accounts. Stablecoins can be pegged to various kinds of support; for example, USD Coin (USDC), Paxos (PAX), and TrueUSD (TUSD) are tokens backed by a 1:1 ratio by money held in the bank accounts. By pegging to real-world assets such as the US dollar, these coins avoid price volatility synonymous with the cryptocurrency trading markets.…

Dai’s Trading Volume in Latin America Surges During Pandemic

More people in Latin America have shown interest in Dai over the previous several months due to the economic troubles aggravated by the coronavirus pandemic. The local news outlet iProUP reported that the trading volume of MakerDAO’s stablecoins was four times during quarantine in Argentina, as it became $20 million daily from $5 million. This shows that Latin America is moving to the Safety of Dollar-Pegged Stablecoins because of the absolute debt and hyperinflation. Hence, the people chose to deal with…

Coin Metrics Says the Impact of Bitcoin and Last Month’s Market Crash is Becoming Clear

The cryptocurrency futures market has been experiencing a shakeup since the cryptocurrency market crash which happened on March 12. The market crash led to the decision by BitMEX to lose some of its futures marketplace to Binance, says the cryptocurrency intelligence company Coin Metrics. Reports have it that BitMEX experienced two distributed denial-of-service (DDoS) attacks during the market crash last month. The attacks led to late processing of market orders and 156 accounts sustained losses. Since then, BitMex has lost market volume…

Messari CEO Says $3 Billion in Stablecoins are On the Sidelines

Digital currencies pegged to traditional assets such as fiat are known as stablecoins. Based on their design, they are capable of holding a steady value and provide cryptocurrency traders an easy means of escaping the high volatility of the cryptocurrency markets. On April 17, the CEO of blockchain database startup Messari tweeted about the value of stablecoins on exchanges. Ryan Selkis said the massive sum of cryptocurrency capital are on the sidelines but ready to move into BTC, ETH, XRP and…

Beginner’s Guide to MakerDAO – Resolving the Fight Against Volatility

The DeFi Ecosystem Decentralized Finance, or more commonly known as DeFi, is the newest trend in the cryptocurrency sector. After "Colored Coins," Smart Contracts, and ICOs, DeFi has taken the limelight. It has opened the door to a whole new branch of decentralized technologies. Among the several hundreds of projects that focus on bringing Decentralize Finance to the masses, none has been as successful as the MakerDAO Network. The Need for MakerDAO The MakerDAO is a decentralized smart contract platform…

Alethea AI Meme Creators To Get More From A New DeFi Revenue Model

Content creators on Alethea AI are the new beneficiaries of smart contracts after adopting a revenue model that will promote their synthetic meme creation works.  Users can now stake in stablecoin DAI and earn interest from the new protocol, Compound Finance, and then use the income to create more memes.  Users staking their DAI tokens in support of meme creation will earn ALE tokens and gain a right to vote on newly created memes or directly commission the development of…

Stablecoins Surge in Market Share Amid Crypto Market Crumble

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

The Kava Platform Review- A Comprehensive DeFi Cross Chain Platform

After a successful Binance IEO, Kava was launched in the last quarter of last year. Since then, the platform has been causing a fuss in the DeFi industry, and it’s projected to transform the entire crypto industry. The project aims to create the world’s first dedicated DeFi platform that will offer collateralized debt and stablecoins for all the leading crypto assets. Cosmos powers the project, which is built on the Tendermint core. Over 100+ business entities worldwide support Kava, including…

Spot – The New Trending Crypto Wallet of 2020

The Crypto space is fast moving towards increased adoption, and developers are looking to create simple, user-friendly products that can be integrated into our normal daily lives. One such product that has recently gained increased usability is Spot - an iOS & Android-based cryptocurrency wallet. This review will dive deeper into Spot, looking at some of its incredible features, development team, and differences with other exchanges and wallets. Spot in a Nutshell Spot is a mobile app that allows users…

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