Big Showdown: CoinoUSD vs BitUSD
I examine the dollar tracking mechanisms of both NXT and BitsharesX. If a few months ago you would have told me I’d have two digital options, existing in an extremely low fee environment, capable of shoring up value because they were pegged to the US Dollar… I probably wouldn’t have believed you. If your currency of choice is going through a chaotic, volatile phase why not simply store that value (temporarily) in an asset that will always track the dollar relative to your currency? Sit back, wait for the chaos to have subsumed and buy back the currency you originally had in small dollar....
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What is BitUSD? “With BitShares we are taking Bitcoin and we’re making it profitable, and bringing cryptographic US Dollars that are as secure and easy to use as Bitcoin. …what we want to do is we want to create a transparent banking where we create bitUSD by collateralizing it with a crypto-asset so the people who want price stability and the people who want leverage can meet, and then back bitUSD with a crypto asset by 300% so you are protected against the volatility and yet you still have all the benefits of bitcoin. Or perhaps the most exciting thing is there is so much demand for....
CoinJar is getting into the holiday spirit, or as they call it, “the bitcoin-giving spirit.” The personal finance startup is running the CoinJar Bitcoin Donation Showdown this Christmas season to help raise funds in support of two non-profit organizations. Dubbed ‘Puppies vs. Computers,’ the CoinJar team has created a friendly competition between two of their favorite Australian non-profits, PetRescue and Electronic Frontiers Australia. The two organizations will face off in an attempt see which one can raise the most bitcoin donations. The CoinJar Bitcoin Donation Showdown team is....
Josh Wise has won the Sprint Fan Vote and will drive in Sprint All-Star Race this Saturday. The Reddit community, which is the main reason why Wise won, proves why dogecar backwards is race god. Reddit's r/Dogecoin thread had aggressively been pushing the campaign to vote Josh Wise in the Sprint Fan Vote. Some users even tried using voting booths until CAPTCHAs were employed and voting restricted to 100 votes per day. The dogecoin community on Reddit has been waiting eagerly to hear the news and it has been spreading fast. Clint Bower was the Sprint Showdown winner and AJ Allmendinger was....
There are have always been tussles recently between the top two most popular stablecoins, USD Coin (USDC) and Tether (USDT). But recently, USDC is creating a notable milestone as it out-runs Tether on the Ethereum network in terms of the total supply. Since 2016, Tether seems to be the top stablecoin, ranking the most popular. This is after its market sharing with BitUSD and NuBits (USNBT). From its launch in 2014, Tether operated on Omni. However, it later emerged in the limelight as BitUSD and NuBits lost their shedding users and dollar peg, which threw them into obscurity. Related....
Bitcoin continues to respect the neckline resistance as markets brace up for the showdown between the Greek government and its creditors this weekend. Overcoming the supply pressure near the resistance line has certainly proved to be a hard task for the bitcoin bulls, but I am expecting a big move to rock the market by the end of this week. Bitcoin can be seen trading up 0.64% at $269.41. Technically, things look poised in favor of the bulls which may eventually help them take out the resistance and may be, the price even heads towards $300 then. Check out the technical considerations from....