Paxos Trust, the company behind stablecoin Paxos Standard, announced plans to launch two new asset-backed coins.
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Playing with fire, Tether looking to launch Chinese yuan-based stablecoin
Tether may be doubling down with a renmimbi product
Tether—with its sister company Bitfinex—may be in a heap of trouble in New York, but the stablecoin issuer is trying its hand at taking on another major currency: China’s yuan.
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Billionaire ‘Tyson Token’ backer Shi Jianxiang to throw down with boxing champ
Accused of masterminding a multi-billion-dollar Ponzi scheme in China, Fight to Fame’s backer calls Tyson a liar, threatens defamation suit
We’re not sure how powerful a punch Chinese billionaire Shi Jianxiang (in Chinese: 施健祥) can throw, but he’s threatening to go head to head with former heavyweight champion Mike Tyson—well, at the very least in a courtroom. That’s because the bout between Iron Mike and Shi’s sports-related blockchain project Fight To Fame (in Chinese: 一战成名) is heating up on the pages of Modern Consensus.
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Crypto’s Gold Replacement Theology remains a myth—for now
Data show Bitcoin isn’t the gold-replacing safe haven touters say it is
For the past several days, Bitcoin/self-promoters have been touting the cryptocurrency as a safe haven from uncertainty in the markets. In other words, they are letting fantasy get in the way of reality.
