Visa to create a corporate card for the USDC stablecoin startup Circle
The card will be issued as part of the Visa Fast Track project.
Payment company Visa has partnered with startup Circle Internet Financial, the developer of the popular Ethereum-based stablecoin - U.S. Dollar Coin (USDC). Forbes writes about it.
Visa will help Circle negotiate with card issuers who can integrate the startup's software into their platforms. This gives them the opportunity to include USDC in the list of available financial instruments. So the project team will be able to expand the scope of stablecoin application.
The partnership with the payment system will open up the possibility for USDC users to pay with digital assets at all Visa card acceptance points. The process involves the instant conversion of stablecoin to fiat currency. For this, the payment company, among other things, plans to issue a business card.
“It will be the first corporate bank card that will allow businesses to spend their USDC,” said Visa's head of cryptocurrency, Cuy Sheffield, adding that the change could make the stablecoin more efficient.
Circle was selected by the payment system as part of the Visa Fast Track program, which aims to help fintech startups scale their business.
The event was commented on by billionaire head of Galaxy Digital Mike Novogratz. He believes that Visa's partnership with Circle indicates the approach of the "era of cryptocurrencies."
The card will be issued as part of the Visa Fast Track project.
Payment company Visa has partnered with startup Circle Internet Financial, the developer of the popular Ethereum-based stablecoin - U.S. Dollar Coin (USDC). Forbes writes about it.
Visa will help Circle negotiate with card issuers who can integrate the startup's software into their platforms. This gives them the opportunity to include USDC in the list of available financial instruments. So the project team will be able to expand the scope of stablecoin application.
The partnership with the payment system will open up the possibility for USDC users to pay with digital assets at all Visa card acceptance points. The process involves the instant conversion of stablecoin to fiat currency. For this, the payment company, among other things, plans to issue a business card.
“It will be the first corporate bank card that will allow businesses to spend their USDC,” said Visa's head of cryptocurrency, Cuy Sheffield, adding that the change could make the stablecoin more efficient.
Circle was selected by the payment system as part of the Visa Fast Track program, which aims to help fintech startups scale their business.
The event was commented on by billionaire head of Galaxy Digital Mike Novogratz. He believes that Visa's partnership with Circle indicates the approach of the "era of cryptocurrencies."
The first Ethereum exchange fund in Canada raised $ 75 million, Grayscale buys 100,000 ETH per day
A fund based on the Ethereum cryptocurrency from 3iQ began trading on the Toronto Stock Exchange on Thursday, after raising $ 76.5 million.The placement of shares was carried out in the IPO format with a maximum limit of $ 107.5 million.
The Ether Fund (TSX: QETH.U) was not available for trading at the time of the exchange opening due to a delay after the IPO. The deals started two hours later. With a starting selling price of $ 10.80 at the auction, the price of QETH.U rose to $ 11.48, and by the end of the day dropped to $ 11.02. Thus, the growth of shares was about 2.5%, while the price of ether fell by half a percentage point, as a result of which there was an overpayment of securities. One share equals 0.0187 ETH.
The custody division of the Gemini cryptocurrency exchange is responsible for storing The Ether Fund coins. Its co-founder Tyler Winklevoss hailed the fund's opening, calling it big news for Ethereum.
With this launch, 3iQ's assets are close to C $ 500 million. The firm also operates a bitcoin-based fund, The Bitcoin Fund (TSX: QBTC), which was added to the exchange in late October. 3iQ is one of the three largest publicly traded cryptocurrency funds.
A fund based on the Ethereum cryptocurrency from 3iQ began trading on the Toronto Stock Exchange on Thursday, after raising $ 76.5 million.The placement of shares was carried out in the IPO format with a maximum limit of $ 107.5 million.
The Ether Fund (TSX: QETH.U) was not available for trading at the time of the exchange opening due to a delay after the IPO. The deals started two hours later. With a starting selling price of $ 10.80 at the auction, the price of QETH.U rose to $ 11.48, and by the end of the day dropped to $ 11.02. Thus, the growth of shares was about 2.5%, while the price of ether fell by half a percentage point, as a result of which there was an overpayment of securities. One share equals 0.0187 ETH.
The custody division of the Gemini cryptocurrency exchange is responsible for storing The Ether Fund coins. Its co-founder Tyler Winklevoss hailed the fund's opening, calling it big news for Ethereum.
With this launch, 3iQ's assets are close to C $ 500 million. The firm also operates a bitcoin-based fund, The Bitcoin Fund (TSX: QBTC), which was added to the exchange in late October. 3iQ is one of the three largest publicly traded cryptocurrency funds.
An interesting graph with the top activity of developers of different blockchains in November and December 2020.
I was glad that behind the flagships in terms of development, such as ADA and ETH, DOT and KSM are immediately located, on which I made bets back in the summer, I think there are still many interesting things ahead for us.
I was glad that behind the flagships in terms of development, such as ADA and ETH, DOT and KSM are immediately located, on which I made bets back in the summer, I think there are still many interesting things ahead for us.
DeFi market capitalization approached $ 15 billion
The value of digital assets "locked" in the DeFi market may exceed $ 20 billion by the end of the year.
Recently, the capitalization of tokens "locked" in the decentralized finance market exceeded $ 15 billion. Then there was a slight decline, and now the total value of the ecosystem's assets is just over $ 14.69 billion.
According to DeFiPulse.com, the top three largest projects include Maker, WBTC and Compound, whose capitalization now exceeds $ 2.65 billion, $ 2.19 billion and $ 1.69 billion, respectively.
The UniSwap token (UNI), which for a long time held the first place, has now dropped to the fifth line. The capitalization of this digital currency is about $ 1.34 billion.
Observers predict further growth in the value of DeFi tokens. Moreover, they do not exclude a scenario in which the capitalization of the decentralized finance market will reach $ 20 billion by the end of 2020.
The DeFiPulse Team highlights:
It has been a year of rapid growth for DeFi, and at the same rate, reaching the $ 20 billion milestone by the end of 2020 is more than realistic.
Last week, the best performers were IDLE (+ 400%), COVER (+ 150%), FARM (+ 16%), INDEX (18%) and COMP (13.8%) tokens.
The CryptoRank report states that ChainLink was the top-selling DeFi token in November. The trading volume of this digital currency jumped to $ 14.91 billion.
The value of digital assets "locked" in the DeFi market may exceed $ 20 billion by the end of the year.
Recently, the capitalization of tokens "locked" in the decentralized finance market exceeded $ 15 billion. Then there was a slight decline, and now the total value of the ecosystem's assets is just over $ 14.69 billion.
According to DeFiPulse.com, the top three largest projects include Maker, WBTC and Compound, whose capitalization now exceeds $ 2.65 billion, $ 2.19 billion and $ 1.69 billion, respectively.
The UniSwap token (UNI), which for a long time held the first place, has now dropped to the fifth line. The capitalization of this digital currency is about $ 1.34 billion.
Observers predict further growth in the value of DeFi tokens. Moreover, they do not exclude a scenario in which the capitalization of the decentralized finance market will reach $ 20 billion by the end of 2020.
The DeFiPulse Team highlights:
It has been a year of rapid growth for DeFi, and at the same rate, reaching the $ 20 billion milestone by the end of 2020 is more than realistic.
Last week, the best performers were IDLE (+ 400%), COVER (+ 150%), FARM (+ 16%), INDEX (18%) and COMP (13.8%) tokens.
The CryptoRank report states that ChainLink was the top-selling DeFi token in November. The trading volume of this digital currency jumped to $ 14.91 billion.
How the price is formed in stablecoins
In fact, when Bitfinex had problems two years ago and USDT fell in price, this is all pure speculation. They were required to maintain the rate at a 1: 1 level. For these deviations of 1-4%, you can easily file a class action lawsuit against them. If they are not market makers themselves, then they must have an agreement with market makers, to whom they will provide liquidity and a buyback guarantee at a 1: 1 rate, and he must maintain the rate at a level close to 1: 1 and earn on small deviations. Only short-term slippage in the glass is possible in case of large orders, with a subsequent return of the rate back.
If you continue to understand, then the issuer is obliged to provide its own resource, where at any time, without the participation of 3 persons, it would be possible to change your USDT to 1 USD. In this case, Bitfinex itself was supposed to act as an exchanger with a guaranteed 1: 1 in spite of any panic. It doesn't matter who makes money on the USDT panics, the issuer or the market maker. It is important that having held an underestimated rate 2 years ago for 2 months, they either broke the law. If not, they showed that it was just a candy wrapper 🤷♂️.
Why can the price be kept lower? First, bad news is launched on the market, and then the market maker sets up a maintenance cost of 1.03 USDT: 1 USD in his trading robot, and keeps the given rate by filling the supply and demand order books. And only then we agree to buy at this rate or wait for the weather from the sea. In relation to stablecoins, the value is formed by the market maker, the influence of market relations is minimal here. Even if it is revealed that USDT does not have 100% collateral, they simply have to maintain the price level of $ 1. But they are obliged only if they received at least some permission to issue USDT from regulators. If they just issued tokens, without asking anyone how to write a white paper, indicating that each token will be confirmed by keeping $ 1 in the bank, or by another type of value, then the market price will be formed only by our belief in their white paper. and all this stability is written with a pitchfork on the water.
On the Tether Limited website, it seems like you can make the purchase and sale of USDT tokens, but the user must provide proof of identity in English. What course was there two years ago, I do not know. Perhaps only market makers made money on all this, but where are the regulators looking then? A market maker at large sites is not just an individual person, they receive permission (or license) for their activities.
In fact, when Bitfinex had problems two years ago and USDT fell in price, this is all pure speculation. They were required to maintain the rate at a 1: 1 level. For these deviations of 1-4%, you can easily file a class action lawsuit against them. If they are not market makers themselves, then they must have an agreement with market makers, to whom they will provide liquidity and a buyback guarantee at a 1: 1 rate, and he must maintain the rate at a level close to 1: 1 and earn on small deviations. Only short-term slippage in the glass is possible in case of large orders, with a subsequent return of the rate back.
If you continue to understand, then the issuer is obliged to provide its own resource, where at any time, without the participation of 3 persons, it would be possible to change your USDT to 1 USD. In this case, Bitfinex itself was supposed to act as an exchanger with a guaranteed 1: 1 in spite of any panic. It doesn't matter who makes money on the USDT panics, the issuer or the market maker. It is important that having held an underestimated rate 2 years ago for 2 months, they either broke the law. If not, they showed that it was just a candy wrapper 🤷♂️.
Why can the price be kept lower? First, bad news is launched on the market, and then the market maker sets up a maintenance cost of 1.03 USDT: 1 USD in his trading robot, and keeps the given rate by filling the supply and demand order books. And only then we agree to buy at this rate or wait for the weather from the sea. In relation to stablecoins, the value is formed by the market maker, the influence of market relations is minimal here. Even if it is revealed that USDT does not have 100% collateral, they simply have to maintain the price level of $ 1. But they are obliged only if they received at least some permission to issue USDT from regulators. If they just issued tokens, without asking anyone how to write a white paper, indicating that each token will be confirmed by keeping $ 1 in the bank, or by another type of value, then the market price will be formed only by our belief in their white paper. and all this stability is written with a pitchfork on the water.
On the Tether Limited website, it seems like you can make the purchase and sale of USDT tokens, but the user must provide proof of identity in English. What course was there two years ago, I do not know. Perhaps only market makers made money on all this, but where are the regulators looking then? A market maker at large sites is not just an individual person, they receive permission (or license) for their activities.
🛎 5% of assets were stolen from the EXMO exchange. Unknown persons withdrew Bitcoin, Ethereum, XRP and other coins. At the moment, the possibility of withdrawing cryptocurrencies is suspended.
🤷♂️ A database of over 270,000 Ledger hardware wallet users has appeared on the Internet. The information appeared on the RaidForums forum and contains the names and physical addresses of the owners.
🤷♂️ A database of over 270,000 Ledger hardware wallet users has appeared on the Internet. The information appeared on the RaidForums forum and contains the names and physical addresses of the owners.
The co-founders of ASIC miner manufacturer Bitmain, Mikri Zhang and Jihan Wu, have come to an agreement after a long struggle to manage the company.
Mikri Zhang will buy back his stake in Bitmain from Jihan Wu for $ 600 million.
Meanwhile, Bitmain has signed a deal with mining company Riot Blockchain to supply 15,000 Antminer ASIC miners in the US.
Mikri Zhang will buy back his stake in Bitmain from Jihan Wu for $ 600 million.
Meanwhile, Bitmain has signed a deal with mining company Riot Blockchain to supply 15,000 Antminer ASIC miners in the US.
The current stage of Bitcoin's growth differs from the bull run three years ago by the significantly higher network hash rate. If in December 2017 the indicator was at the level of 14.14 EH / s, now it exceeds 126 EH / s, IntoTheBlock reports.
This means the network has become more secure almost nine times.
This means the network has become more secure almost nine times.
📈Value Network is a decentralized Binary options platform and exchange
🚀Started in 2018 by Artem Levin, the Value Network project has initially created the crypto-backed loans platform on Ethereum smart-contracts.
Re-started in September 2020, we've chosen the new vector of development - Binary options. We are solving the Binary options industry's main problems:
🔒By putting the bets against each other on the Ethereum blockchain, letting users compete against each other. There's no conflict of interest like on 99% of fiat platforms.
📱UI interfaces are made clear and engaging, differentiating us from current blockchain prediction markets' platforms.
🖍Also, users can see how their bet changes in price depending on the possibility of the outcome and replace their bets at any time for the additional fee.
❇️Whitelabel solution and blockchain-based referral system is in the pipeline in Q1 2021, boosting user adoption in the upcoming year.
📶 The VNTW token - the core of the Value Network platform plays a critical role in the ecosystem. Its utilities:
- Access to the exclusive markets
- Lowering of commissions on the trades
- Token is essential for creating of the new markets
- Staking
- Pre-timing escape of the deal
- Advertising possibilities on the platform
‼️ Listing will take place on Uniswap and Sushiswap on January 5th, allowing you to participate in 6 pairs, all with liquidity reward programs. 1% of the total supply will be destributed to liquidity providers in the first month. More details here.
✅Founder shares his ideas in Community daily - https://t.me/valuenetworkchat ✅
More detailed information is available on Medium (including roadmap) - https://valuenetworklive.medium.com/
Website - https://valuenetwork.live/
🚀Started in 2018 by Artem Levin, the Value Network project has initially created the crypto-backed loans platform on Ethereum smart-contracts.
Re-started in September 2020, we've chosen the new vector of development - Binary options. We are solving the Binary options industry's main problems:
🔒By putting the bets against each other on the Ethereum blockchain, letting users compete against each other. There's no conflict of interest like on 99% of fiat platforms.
📱UI interfaces are made clear and engaging, differentiating us from current blockchain prediction markets' platforms.
🖍Also, users can see how their bet changes in price depending on the possibility of the outcome and replace their bets at any time for the additional fee.
❇️Whitelabel solution and blockchain-based referral system is in the pipeline in Q1 2021, boosting user adoption in the upcoming year.
📶 The VNTW token - the core of the Value Network platform plays a critical role in the ecosystem. Its utilities:
- Access to the exclusive markets
- Lowering of commissions on the trades
- Token is essential for creating of the new markets
- Staking
- Pre-timing escape of the deal
- Advertising possibilities on the platform
‼️ Listing will take place on Uniswap and Sushiswap on January 5th, allowing you to participate in 6 pairs, all with liquidity reward programs. 1% of the total supply will be destributed to liquidity providers in the first month. More details here.
✅Founder shares his ideas in Community daily - https://t.me/valuenetworkchat ✅
More detailed information is available on Medium (including roadmap) - https://valuenetworklive.medium.com/
Website - https://valuenetwork.live/
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