Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backed by the United States dollar (BUSD). Paxos, a global digital asset trust firm, announced the launch of its PAXG token via a press release a few days back. In the document, the firm claims that its product is the world’s first crypto asset to be fully redeemable in exchange for physical gold. Not only …

French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens. In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software. More assets to be supported in the future The Ledger Live application allows users of the company’s hardware wallets such as Ledger Nano S or Ledger X to manage their devices and cryptocurrencies. The firm also promises to add support …

Cryptocurrencies are upending the worlds of banking, retail and payments in countless ways, but there has been one area where this burgeoning industry has somewhat fallen behind: investments. While it can be easy to build portfolios that focus on stocks and shares or fiat currencies, diversifying into crypto funds has proven harder for consumers and professionals alike. This has been partially because of how many financial institutions have been reluctant to embrace digital assets so far. Another issue has been how portfolio managers in the crypto space have been struggling to share their strategies with the public. While a lack …

Blockchain-based web browser Brave has unveiled a cryptocurrency wallet for Ethereum tokens that is currently in development. Incompatible with Brave Rewards Brave discussed their work so far in a blog post on Aug. 27. According to the announcement, the in-browser wallet supports Brave’s native ERC-20 Basic Attention Token (BAT), alongside other Ethereum-based tokens and collectibles and Ether (ETH) itself. Additionally, the wallet supports interaction with decentralized applications — also known as DApps — which reportedly makes Brave a Web3 browser. However, the wallet cannot interact with Brave Rewards. This means that users cannot transfer any BAT between Brave Rewards and …

Blockchain platform Waves has added support for Ethereum-based (ETH) ERC-20 compliant tokens to its decentralized exchange (DEX). The platform announced the new feature on Aug. 22, and hopes it will have a positive impact on the crypto community. Recently, the Waves team also launched a new gateway with support for Vostok and Ergo tokens. High hopes for the feature The Waves team is also aiming to attract new traders and assets to the platform. The post also promises: “Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor (BNT) won …

The Ontario Securities Commission (OSC) has reached a settlement agreement with the crypto firm CoinLaunch Corp as of July 22. According to an announcement by the OSC, there will be a public settlement hearing on July 24 to determine whether the agreement is in the public’s interest. As per the OSC’s official statement of allegations, CoinLaunch offered a number of crypto-related services, with securities trading among those. More specifically, the statement alleges that CoinLaunch offered to market and promote token offerings, including security tokens, without observing the proper registration requirements with the OSC. As such, the firm purportedly violated Ontario …

The Federal Election Commission (FEC) has tentatively approved an ERC-20 token issued by Omar Reyes to use in an incentives program for his congressional campaign. The FEC reviewed the coin project in a draft advisory opinion on July 5. According to the draft letter, the FEC believes Reyes is within his rights to issue his Ethereum-based “Omar2020Token” (OMR) as part of his campaign to join the United States House of Representatives from the 22nd Congressional District of Florida. The FEC argues that because the tokens are essentially souvenirs, with no monetary value, Reyes’ committee is free to issue them as …

Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3. In order to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 08:00 a.m. (UTC). The announcement notes that Ethereum’s ERC-20 based addresses will be the standard from now on, and exchange users will not be able to withdraw Omni-based USDT; however, Omni-based USDT can still be deposited by sending tether to old Omni-based USDT …

Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be the next adopters to issue this new stablecoin — pegged one-to-one with the Brazilian real — Real-T (REALT). As explained in its whitepaper, the “Real-T Token” is an Ethereum-based ERC-20 stablecoin that is “strictly pegged” to BRL. The paper claims that the company behind the token, Real-T Tecnologia S.A., will publicly share its bank statement to provide evidence for full backing of Real-T in fiat money. …

Major cryptocurrency exchange Coinbase Pro has added support for Chainlink, according to a blog post on June 26. Coinbase has listed two trading pairs for the token of smart contract platform Chainlink (LINK) on its professional trading platform. LINK will be available to trade with the U.S. dollar (LINK/USD) and with ether (ETH) (LINK/ETH). The post says that the token will be available in all its covered jurisdictions except for the state of New York. According to the announcement, Coinbase Pro will roll out options for LINK in four steps. The four steps are (1) transfer-only, (2) post-only, (3) limit-only, …

On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president. Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique Moreira Montezano, a former economist and the current deputy secretary of privatization and disinvestment. Montezano’s appointment followed two meetings on June 17 between Brazilian President Jair Bolsonaro and the country’s minister of the economy and former economic advisor to Bolsonaro’s presidential campaign, Paulo Guedes. The meetings were held in response to the sudden departure of the bank’s now-former president, Joaquim …

Consumer electronics giant High Tech Computer (HTC) is rolling out in-wallet cryptocurrency trading for users of its Exodus 1 smartphone, according to a press release shared with Cointelegraph on May 14. HTC, which this week announced a low-cost version of its blockchain smartphone would appear around Q3 2019, now allows Zion Vault users to swap between various cryptocurrencies. The feature comes as a result of a partnership with Kyber Network, a dedicated platform for cross-token trading solutions. Swaps involve a selection of Ethereum (ETH)-based ERC-20 tokens, including basic attention token (BAT), kyber network (KNC) and dai (DAI), and removes the …