Paxos Trust, the company behind stablecoin Paxos Standard, announced plans to launch two new asset-backed coins.
Binance launches stablecoin, challenging Tether’s dominance
The leading cryptocurrency exchange is seeking to expand the stablecoin market with its British pound-pegged BGBP
Leading cryptocurrency exchange Binance plans to launch a stablecoin within two months, in an apparent challenge to the dominance of scandal-plagued Tether.
Must-reads for August 16, 2018
Here are the crypto stories you should be watching today
AT&T Sued for $224 Million by Cryptocurrency Investor Who Lost a Fortune in Phone Hacks (Gizmodo) We’ve written before about how hackers have been wreaking hell and havoc on people in the crypto community (like this writer). However, they really went to town on one big crypto investor. Michael Terpin, who was in public relations during the primitive years of the Web, became a serial entrepreneur and an early investor in Bitcoin and other cryptocurrencies. He has also advised the likes of Ethereum, Kraken, and Tether. Unfortunately for Terpin, a huge stash of his crypto—$24 million-worth, he claims—was stolen from him during two hacks over several months. Now he’s…