-
Official site Cat 💰 Casino Welcome Bonus 💰 Play Live Roulette Online - 4 hours ago
-
siteleri Casino: Grab the Real Wave betting - 6 hours ago
-
Official site betturkey 💰 Get a bonus for sign up 💰 Jackpot Slots & Games - 6 hours ago
-
What is the minimum age of someone who wants to register at Betcio - 7 hours ago
-
Install Casibom app 💰 Casino Welcome Bonus 💰 Get up to ₹8000 Bonus on Deposit - 7 hours ago
-
Cat – Official gambling site of Russia 💰 Offers free spin 💰 20 Free Spins - 7 hours ago
-
Vavada Live Casino 💰 Huge Games Selection 💰 Big games catalog - 8 hours ago
-
Install Casino app 💰 Offers free spin 💰 Big games catalog - 8 hours ago
-
En Iyi 1Win Casino Sitesi | Para Yatirma ve Destek 7/24 - 8 hours ago
-
Official site Kasyno 💰 Offers free spin 💰 VIP Programs. - 1 day ago
Crypto Market Surges as IBM Announces its Experimenting With Stablecoin
Barcelona: IBM has entered a partnership deal with a fintech startup Stronghold to get involved with cryptocurrency, pegged to the US Dollar. The tech giant is interested in a so-called stablecoin, tied to an existing government-backed currency to mitigate volatility.
According to the official press-release, the cryptocurrency is called “Stronghold USD” and backed by the U.S. dollars. The reserves will be held by Prime Trust, an asset manager, focused on blockchain and digital technologies.
IBM is going to experiment with virtual currency to explore the technology and see how it can be used to help banks and other financial institutions.
While the stablecoin is supposed to be volatility-proof, there is a certain amount of controversy about another stablecoin tether. The authorities suspect that it was used to manipulate the bitcoin price during the last year rally.
But it follows much controversy surrounding a well-known stablecoin known as tether, which has been accused of being used to prop-up the price of bitcoin during last year’s spike in value.
Market overview
The cryptocurrency market added over $20B to its value in a single day and reached $294 billion, according to CoinMarketCap. Bitcoin skyrocketed above $7,000 to trade at 7,351 by the time of writing, which is a 9 per cent gain on a daily basis.
Ethereum, the second largest coin also cleared an important hurdle of $500. ETH/USD is changing hands at $504. Ripple has been moving in sync with the market. The coin has gained 6.5 per cent and touched $0.5100 handle.