Category: Altcoins

Earlier today, IBM officially revealed the launch of its ambitious project ”IMB Blockchain World Wire”. Specifically, World Wire is a payment network which utilizes the Stellar blockchain. Moreover, this network aims to facilitate cross-border transactions for regulated institutions. Six banks have already signed letters of intent to issue stablecoins Perhaps most notably, IBM also announced that six international banks have already signed letters of intent to issue stablecoins on World…

DAI is a decentralized stablecoin that runs on the Ethereum blockchain. While any person can trade their cryptocurrency for DAI, like Tether, DAI’s most interesting characteristic is that it can be borrowed by staking Ethereum as collateral. This process is known as opening a CDP (Collateralized Debt Position) and it’s a brilliant invention which is leading the DeFi revolution (Decentralized Finance). With that in mind let’s unpack a CDP and…

There are a handful of feuds in the cryptocurrency space that have been spawning arguments since time immemorial. Is XRP decentralized? Big blocks or small blocks? And is Tether actually backed by dollars in a bank account? The debates over this last question have started again as the spotlight is back on Tether after recent changes to its homepage.   Tether, definitely backed 1:1, Maybe Just Not with USD A…