In an official press release, Circle revealed the release of USD Coin, a stablecoin backed by real FIAT currency (in this case US Dollars) that would be used on a daily basis in Poloniex, to begin with. Circle's products and services include a mobile payments app, a cryptocurrency trading desk for large "institutional" buyers and sellers, a new app that lets individuals invest in cryptocurrencies, and a cryptocurrency exchange. Jumping on the Ethereum bandwagon Following the close of the round, Circle said it would create a new cryptocurrency, that uses the Ethereum blockchain, with it's value "pegged to the price of the USA dollar", according to Reuters. "USDC provides a full reserve USA dollar-backed stablecoin, and is based on the open source fiat stablecoin framework developed and governed by CENTRE, which will provide independent oversight of Circle's offering", Circle details in its announcement post.
Circlealsoreported that Bitmain is one of the most important and forward-thinking companies in crypto, and has become a critical infrastructure provider for the entire crypto economy.
Circle holds this belief close to its heart that the value of a cryptocurrency which is pegged to be as high as a stable, traditional currency can help in driving adoption of systems based on the blockchain. Circle is now the only member of CENTRE, but the company plans to lure in more firms in the near future.
Circle says that USDC will be particularly useful for cryptocurrency traders to hedge quickly out of trading positions by converting their assets to USDC, which will be stable because of its backing by a fiat currency.
While other cryptocurrencies can be mined when users lend a part of their computer's processing power to help maintain the updated ledger of all transactions, it seems like the only way to acquire new USD Coin - which will operate on the Ethereum platform for the foreseeable future - is to purchase them. We are excited to be working directly with Bitmain on realizing our shared vision. USDC will be ERC-20 tokens minted, issued, and redeemed based on network rules defined by CENTRE.
"Circle can be an issuer of U.S. dollar coin, Square (a payments company) could be an issuer".
The chance to play Super Mario Odyssey was too enticing to pass up, and so the booth was plagued with long lines and heavy crowds. Nintendo will also give out exclusive Nintendo Switch pins to random fans who bring their console with them to the show.
Meanwhile on Wednesday, her half-sister, Samantha Markle, was reportedly injured following a "paparazzi confrontation" in Florida. Markle in the days before her wedding", Kensington Palace said in a statement to ET on Monday following the photo scandal.
Recently implemented bankruptcy rules bar takeovers of stressed assets by entities related to the defaulting promoters. Through sale of assets, the Anil Dhirubhai Ambani led company was seeking to reduce its $7 billion debt.
Furthermore, Kahn Brothers Group Inc De reported 919,209 shares in Merck & Co Inc equivalent to 8.13% of its stocks portfolio. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.05.
With the firm's stock price now trading around $83.02, the firm has proven a solid track record of growth over the recent years. Positive BOP reading is an indication of buyers' dominance and negative BOP reading is a sign of the stronger selling pressure.
The vaccine requires storage at a temperature between -60 and -80 degrees C, tricky in a country with unreliable electricity. A first batch of 4,000 inoculations has arrived in the capital Kinshasa , with another 4,000 to follow soon after.
Total on Wednesday said it might quit a multi-billion-dollar gas project unless it secured a waiver from United States sanctions. "We've had a vibrant discussion on Iran". "We have made a decision to support the Iran deal despite the USA actions".
Cops and medics were originally called at about 10pm on Thursday. 'Our thoughts and prayers go out to the family of the victim. She added that because of the costs involved, coupled with the circumstances, none of the dogs would be tested for rabies.
Silvano Martina added: "I can't add anything more because he will reveal what he's going to do next to the press". The former Parma goalkeeper could make his 640th and final Serie A appearance against Hellas Verona on Sunday.
William Hill said the new regulation could lead to a 35 to 45 percent reduction in annual total gaming net revenue. It added that the limit could result in around 900 of its high streets shops becoming loss-making.
As if Tilted Towers isn't a killzone already, now you can get rewarded for taking down three players among the carnage. Players have to complete the match when they find rubber ducks or else it will not count toward the challenge .
The House That Jack Built trailer, cast and reviews
Anytime holier than thou critics who don't know the difference between real and fictional violence walk out, my interest piques. I had no knowledge of it but I for sure are interested in seeing it now. #TheHouseThatJackBuilt is a movie I need to see.
Blokes lead the way as WA jobless rate tumbles
There was also a lift in the participation rate which measures the number of people in work or looking for employment. Full-time employment increased 32,700 to 8,543,400 and part-time employment decreased 10,000 to 3,957,700.
Riz Ahmed to co-write the screenplay for Ms Marvel
In the comic books, Ms Marvel's refers to her alter-ego Kamala Khan, a Pakistani-American teenager from New Jersey. We will remind, filmmakers are more willing to make a female team of Marvel and it seems even more likely.
Iran, Venezuela weighing on oil market: IEA
For the past week, crude imports averaged 7.6 million barrels a day, up by 278,000 barrels a day compared with the previous week. Oil prices dropped sharply from 2014, seeing the price of a barrel reaching lows of $27 due to a huge glut in the market.
All-New Honda Amaze launched at Rs 5.59 lakh
The Amaze gets dual-tone interiors with a 3-spoke multi-functional steering wheel and a twin-pod instrument cluster. The front seats have adjustable headrests and there's a centre armrest with cup holders in the rear.
Van Marwick trims Socceroos' provisional squad
Australia will gather for a training camp in Turkey before global matches against Czech Republic (1 June) and Hungary (9 June). And the announcement came as Cahill was unveiled as the face of the Socceroos' key sponsor Caltex's new advertising campaign.