Stasis Launches New Euro-Backed Stablecoin Called 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…

Another Hack! Bancor Exchange has $23.5 M Stolen

Bancor hack: On Monday, the cryptocurrency world saw another hack. Crypto exchange Bancor — an Israel-Switzerland company — had $23.5 million worth of three different cryptocurrencies stolen. Its services include a wallet with a built-in exchange service and according to Bancor, no wallets were compromised but “a wallet used to upgrade some smart contracts was.” The breakdown of the Bancor hack looks like this: $12.5 million in Ether, $1 million in Pundi X’s NPXS token, and $10 million in Bancor’s BNT, were stolen. The exchange has managed to mitigate the damages by freezing…

Coinbase App Downloads Drop, Crypto Hype Fading Quick

The bear market for Bitcoin (BTC) and all other cryptocurrency has dragged down Coinbase, the US’s most popular cryptocurrency exchange. Prices continue to plunge moving into Q3 of 2018, and the exchange’s download ranking for its Coinbase app has suffered because of this. Dropping Hype The Coinbase app has fallen to the download level it experienced in April of last year. In December, Coinbase soared to the very top of the US finance apps, in terms of downloads, as Bitcoin (BTC) hit its all-time record high. Since then, Bitcoin has…

Phase Two of Ethereum (ETH) is Coming Soon, Says Joe Lubin

Ethereum phase two: Co-founder of Ethereum (ETH), Joseph Lubin, just made a big announcement about the world’s second largest blockchain ecosystem. He spoke at the Rise conference yesterday in Hong Kong and revealed that the first layer of the Ethereum ecosystem is now complete and phase two should be finalized sometime this year. Lubin states that phase two is where the world should see real scalability from the Ethereum ecosystem. Ethereum Phase Two Lubin told the panel discussion facilitators Erik Torenberg and Melissa Guzy: “We’re moving into a space where Ethereum…