Day: June 24, 2020

USDC Powers Algorand Foundation and Circle To Bring Digital Dollars to Algorand Blockchain – Blockchain News, Opinion, TV and Jobs

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The not-for-profit organization Algorand Foundation has cut a deal with Circle to bring fiat-backed stablecoin capability to Algorand. The stablecoin, called USD Coin (USDC), is allegedly the fastest-growing full-reserve US Dollar stablecoin. “Growth in mainstream financial use cases is driving more demand for high-throughput payments and finance-optimized blockchain infrastructure,” said Jeremy Allaire, co-founder and CEO of Circle. “The combination of USDC and Circle Platform Services with the Algorand blockchain will create a foundation for developing a wide range of scalable, secure and compliant financial applications. Through this collaboration agreement, Circle will…

Maturing Bitcoin Pleases Bulls With Huge $50,000 Price

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Has all the fun gone out of trading bitcoin? Maybe, but that could be a good thing, with one analyst predicting a $50,000 price for bitcoin as institutional investors begin to allocate. In recent days bitcoin, by some measures, has become less volatile than stocks, although you would be foolish to expect that to continue. And on a wider view the correlation with equities has been tightening – currently at around 0.48 with 1 being a measure of absolute correlation (see data below from blockchaincenter.net). BTC v S&P 500 correlation…

Bitcoin Miners Transferred 2,650 BTC to Bitfinex Before Dump

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In summary: In the last 24 hours, Bitcoin has fallen from around $9,700 to a local bottom of $9,281. The team at Glassnode observed that June 23rd saw the largest flow of Bitcoin from miners to exchanges in over a year. 2,650 BTC was transferred to Bitfinex during that time.  Bitcoin’s journey to $10,000 has once again hit another detour as the King of Crypto has once again fallen from comfortable levels of $9,700 to a local bottom of $9,281 – Binance rate. Bitcoin (BTC) is once again depending on…

A simple guide to Hyperion Economic Model 2.0

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The new version of Economic Model 2.0 embeds both static and dynamic structure to encourage capable and influential community members and HYN holders to lead multiple decentralized map communities as node operators as scaling period develops overtime. The new model also integrates the internal and external burning mechanism to boost the ecological development. As the planned life cycle of the Hyperion ecosystem suggests, the ecosystem will gradually transit from a token model-driven growth to a service-driven self-reinforcing growth when the burning completes. This article will guide you through Hyperion economic…

Sia And Quant Network Successfully Test Blockchain Interoperability – Blockchain News, Opinion, TV and Jobs

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A leading pioneer in enterprise blockchain technology Quant Network has successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology protocols along with European payment services and infrastructures SIA. “The partnership between Quant Network and SIA has been extremely positive and productive from the very start,” said Gilbert Verdian, CEO, Quant Network, “and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally.” “The achievement of a fully interoperable blockchain network, through our collaboration with Quant Network, is another key element…

Swiss SEBA Bank Launches “Dual Currency Certificate” For Tapping Volatile Bitcoin/USD Trading Market – Blockchain News, Opinion, TV and Jobs

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Switzerland’s SEBA Bank has developed a USD Dual Currency Certificate for BTC/USD, aimed at investors who wish to benefit from the high level of the cryptocurrency’s volatility. This is part of SEBA Bank’s kicking off of a strategic series of recurring structured products on digital assets. The investors’ needs for security with regard to potential issuer risk are addressed through full collateralization of the issuing vehicle and a guarantee from SEBA Bank. Guido Bühler, CEO of SEBA Bank AG, said: “The launch of the Dual Currency Certificate on BTC/USD shows…