Market Wrap: Bitcoin Can’t Stick to $9,000 While Stocks Rally

The equities markets far outpaced cryptocurrencies Tuesday on optimism that economic restrictions put in place to help slow the spread of the coronavirus are easing. Bitcoin (BTC) poked its head above the $9,000 level briefly during morning trading in New York but fell to below $8,700 on selling. As of 20:35 UTC (4:35 p.m. ET), […]

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MakerDAO and More: The Quest for a Stable Stablecoin Continues

Update (09.20 UTC, Jan. 24): This article has been updated with a response from Tether representatives. Usually, no one bats an eye when a cryptocurrency’s price drops 30 percent over the course of a week. This is the Wild West, after all. But when it happened to DAI this month, heads turned, primarily because the token […]

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WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.  New York-based WisdomTree, which oversees about $63 billion, views cryptocurrencies and digital assets as a natural extension […]

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Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Stronger privacy is coming to the largest stablecoin, tether, with a recent blockchain-to-blockchain swap of $15 million worth of tokens. At 11:27 UTC on Jan. 7, stablecoin issuer Tether conducted a cross-chain swap of some 15 million USDT reserves from ethereum to Blockstream’s Liquid, a federated sidechain running parallel to the bitcoin blockchain. The technical […]

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