New Stablecoin Backed by the Euro, EURS

A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already. DSX predict the order volume to reach $500 million USD by year-end. Stablecoins: EURS and Tether Anyone familiar with Tether may scratch their beard dubiously at the EURS coin. But why? Firstly, it is important to know that a stablecoin is the name given to a coin…

Bitcoin Price Spikes to Nearly $9K on Little-Known Crypto Exchange

For a cryptocurrency exchange that has seen its bitcoin price trade at a market premium since launch, the spike to nearly $9,000 on the WEX exchange on Wednesday was an outlier. Some background: in July of last year, U.S. and international law enforcement took aim at BTC-e, the long-running – and long-mysterious – cryptocurrency exchange. In a dramatic turn, a Russian national and one of BTC-e’s suspected employees was arrested and charged with laundering billions of dollars while American regulators moved to slap the exchange with a massive $110 million…

Augur Passes CryptoKitties: Ethereum App Sees $400K in First-Day Betting

One Augur user was so eager, they didn’t even wait for the user interface. That may have summed up the state of affairs Tuesday, hours after the Forecast Foundation, the non-profit behind the Augur protocol, announced the launch of its decentralized platform for betting on the outcome of events. By 5:00 UTC, the first prediction markets were being created, and by day’s end, new bets were being placed on everything from U.S. elections to World Cup soccer games, all with the help of bleeding-edge tech. “Someone must’ve really wanted to be…

Bitcoin’s Price May Be Charting a Bull Reversal

Bitcoin (BTC) price could create a major bullish technical pattern in the next few days, technical charts indicate. It’s a slightly confusing picture at the moment, however. The recent short-term bullish bias has been neutralized following BTC’s close below (as per UTC) the 10-day moving average (MA) yesterday. Further, the risk of a deeper pullback to $6,000 (February low and psychological support) look to have increased after Tuesday’s 5.7 percent price drop. However, that does not necessarily mean the bears are back in a commanding position, since the cryptocurrency is…

Philippines Regulator Aims to Make $67 Million From Crypto Exchange Licensing

The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based crypto exchange. The CEZA said the new issuance is part of the total 25 principle licenses it will hand out to crypto trading platforms. And each of those authorized companies will be allowed to further…