Bitcoin Could Become a Reserve Currency – Former Canadian Prime Minister

Stephen Harper, the former Prime Minister of Canada, has expressed a favorable opinion on popular cryptocurrency Bitcoin (BTC).  He believes that Bitcoin could integrate the currency reserves of global countries in the future. Bitcoin a viable alternative to the US Dollar Stephen Harper shared his views in an interview during the Vancouver Resource Investment Conference. Harper spoke of Bitcoin in the context of a weakening US dollar (USD), which is the most important reserve currency for large economies. The former…

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.…

China Is Planning to Introduce a Pan-Asian Digital Currency

China wants to go global over its quest for cryptocurrency predominance as it has proposed a digital currency that would be based on a basket of currencies including the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar. The proposed pan-Asian digital currency is planned by the private-sector to rival Facebook’s Libra and challenge the USD’s supremacy. A report by the Nikkei Asian Review on June 14 noted that the proposed digital currency is backed by China. The plan to create an…

OKEx CEO Tags Bitcoin and Libra the Super-Cryptos

Bitcoin and Libra could be the keys to rectifying the current global economic imbalance.  That is, according to OKEx CEO  Jay Hao. Mr. Hao affirms that the USD continues to have a stranglehold over the world economy. Thus it skews the balance of world power in favor of the developed nations.   Mr. Hao proposes that the global economy needs a fresh start. Further, to successfully do this, we will have to ditch the USD as the standard currency. In its…

Binance.US Lists TEZOS in The Ongoing Crypto Market Crisis

TEZOS was eyeing a possible parabolic Bull Run before the crypto market crash. On March 15, 2020, Binance US announced TEZOS (XTZ) as their latest listing in more than two weeks, for the trading pairs, XTZ/USD and XTZ/BUSD that will open on March 16 from 0900h EST or 0600h PST. Binance. US users can immediately start USD, BUSD or XTZ deposits into their wallets ahead of live trading time, which will also enable withdrawals. The exchange has also integrated several…

Blockchain.com Wallet Users Can Now Access USD Stablecoins’ Loans

An announcement by the crypto wallet and exchange provider, Blockchain.com shall enable users to borrow against their holdings. The loans are available in US Dollar-denominated stablecoins against holdings of Bitcoin. All holders of Blockchain.com wallet can access these borrowings immediately once collateral is made available. While there was no specificity on which stablecoins the loans would be paid out in, there is a high likelihood it will be PAX stablecoin. This dollar-pegged stablecoin was added by the wallet last year.…