eToro Launches eToroX Exchange and 8 Custom Stablecoins

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eToro Launches eToroX Exchange and 8 Custom Stablecoins
Israeli-based social trading platform eToro has launched eToroX, a fully regulated crypto exchange. eToroX debuts with half-a-dozen top cryptocurrencies and eight fiat currency-backed stablecoins, the latter of which are now open-source.
eToro Launches eToroX Exchange and 8 Custom Stablecoins

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Source: CoinSpeaker

eToro Brings the World To Bitcoin, Launches A New Crypto Exchange and 8 Stablecoins

eToro is a Cyprus based social trading and multi-asset brokerage company that announced on Tuesday that will launch a new digital crypto exchange, eTorox.
The Exchange will also be including eight new stable coins that will be backed by the FIAT currencies of the countries. eToro is promoting the feasibility of trades in cryptocurrency by providing local FIAT pegged cryptocurrencies.
The CEO of eToro, Yoni Assia announced at the Paris Blockchain Week on 16th April 2019:
“We’re launching @eTorox cryptoasset exchange!” he also added that “we’re starting a process to tokenize the world.”
eToroX Aspires to Become a Global Exchange 
eTorox introduces stablecoin that is pegged to Gold, Oil, and currencies of Japan, the UK, China, Australia, New Zealand, and the US dollar. The stablecoins of the eTorox Exchange are symbols suffixed to the country abbreviation like AUDX (Australian Dollar), NZDX (New Zealand), CHFX (China), and GBPX (Great Britain Pound).
The eTorox Exchange is live and can be used to trade cryptocurrencies and stable coins from all over the world. The cryptocurrencies currently traded on the Exchange are Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM), EOS, Litecoin (LTC), XRP, Bitcoin Cash (BCH) and Dash (DASH).
The CEO of eToro also said:
“We’re launching now 8 new stable coins, which are the most traded currencies in the world.” He added that “We will continuously innovate @eTorox to add more features and more assets.”
Mati Greenspan, senior market analyst at eToro tweeted by quoting Yoni Assia who said, “eventually all assets will move into a native digital form”. Hence, the eTorox Exchange is likely to add all such digital assets on its Global Exchange platform.
Do you think that the innovative exchange will be successful globally? Or USD stablecoins will continue to act as the most popular pegged cryptocurrencies? Please share your views with us. 
The post eToro Brings the World To Bitcoin, Launches A New Crypto Exchange and 8 Stablecoins appeared first on Coingape.
Source: CoinGape

One of World’s Largest Banks, MUFG Getting Ready to Release Its Stablecoin This Year

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One of World’s Largest Banks, MUFG Getting Ready to Release Its Stablecoin This Year
The newly-appointed president of MUFG has announced that the bank is going to put its own cryptocurrency known as MUFG Coin to practice this year.
One of World’s Largest Banks, MUFG Getting Ready to Release Its Stablecoin This Year

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Source: CoinSpeaker

Crypto’s Chicken and Egg Problem

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Crypto’s Chicken and Egg Problem
Vishesh Raisinghani, professional fintech writer and crypto enthusiast, takes a look at how crypto and blockchain newcomers could break through the stranglehold of key incumbents.
Crypto’s Chicken and Egg Problem

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Source: CoinSpeaker

Andreessen Horowitz May Soon Put $1 Billion into Crypto

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Andreessen Horowitz May Soon Put $1 Billion into Crypto
Andreessen Horowitz will soon cease to be a venture capital firm, veering away from the majority of its Sand Hill Road neighbors in Silicon Valley to instead become a registered investment advisor, or RIA.
Andreessen Horowitz May Soon Put $1 Billion into Crypto

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Source: CoinSpeaker

Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC

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Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC
Coinbase has announced expansion into cross-border payments. Now, its customers are able to transfer their funds to any user with a Coinbase account around the world using XRP or USDC, without any fee.
Coinbase Adds Fast and Free Cross-Border Payments for XRP and USDC

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Source: CoinSpeaker

Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency

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Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency
The Russian billionaire Vladimir Potanin says that it would be a great idea to tokenize metals and commodities and says that there a huge appetite for metal-backed cryptocurrencies.
Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency

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Source: CoinSpeaker

Huobi’s US Branch Forms New Team to Further Push Institutional Products Development

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Huobi’s US Branch Forms New Team to Further Push Institutional Products Development
Huobi’s branch HBUS will focus on introducing new services for institutional investors, such as token lending, over-the-counter (OTC) trading, and even issuing its own stablecoin. 
Huobi’s US Branch Forms New Team to Further Push Institutional Products Development

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Source: CoinSpeaker

Coinbase-Backed Reserve Points At Wash Trading and Artificial Inflation In Stablecoin Market

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Coinbase-Backed Reserve Points At Wash Trading and Artificial Inflation In Stablecoin Market
Reserve CEO, Nevin Freeman says that stablecoin projects indulge into dubious activities trapping investors funds to artificially inflate demand and thus the market cap of the stablecoins.
Coinbase-Backed Reserve Points At Wash Trading and Artificial Inflation In Stablecoin Market

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Source: CoinSpeaker

Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?
IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat.
Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Source: CoinSpeaker

New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors
Allowing investors to get a 45% bonus during the additional sales stage, USDDex aims to attract the crypto community to active participation in the project. 
New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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Source: CoinSpeaker

Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

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Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This
The crypt-community awakened with the revelation that the USDT is not really backed by the dollar and commentators allege that it could in future pull an exit scam stunt.
Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This

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Source: CoinSpeaker

Barclays: Facebook Coin Could Bring $19 Billion Additional Revenue, and Here’s Why

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Barclays: Facebook Coin Could Bring $19 Billion Additional Revenue, and Here’s Why
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant.
Barclays: Facebook Coin Could Bring $19 Billion Additional Revenue, and Here’s Why

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Source: CoinSpeaker

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

The new feature for TrueUSD users will be available through the real-time dashboard developed independently by Armanino. The launch is set to take place in April.

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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Source: CoinSpeaker

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

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Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

Kirill Bezverhi, professional marketer, blockchain and crypto enthusiast, shares exclusive comments from representatives of 10 leading stablecoin projects, taking a look into market trends we will most likely see in 2019.

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

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Source: CoinSpeaker