Realcoin Rebrands as 'Tether' to Avoid Altcoin Association
Realcoin has officially announced it will rebrand as 'Tether' as it opens for private beta. First revealed in July, the Isle of Man and Hong Kong-based company said the name change is an attempt to better express its true functionality as a crypto 2.0 project that uses tokens to move currencies over the blockchain. Speaking to CoinDesk, CEO Reeve Collins emphasized this line of reasoning, stating: "We're not an altcoin, we're not our own blockchain. We're a service, a token that represents dollars. Our speciality at Tether is currencies on the blockchain, so Tether means a digital tie to a....
Santa Monica startup claims to have produced the very first dollar-backed crypto currency. If the company succeeds, the new currency has great chances of exploiting the direct payments network and inexpensiveness of Bitcoin while evading its tremendous volatility. Realcoin is a new startup based in Santa Monica whose aim is to develop a virtual currency that can easily be used by average people in real life. The currency won't be trying to replace currencies already existent on the market, yet it does want to offer an auxiliary coin for real cash. Realcoin is preparing the launch of this....
Tether is in some bother with the SEC. It has the President’s Working Group on Financial Markets, an organization composed of the SEC, the CFTC, The Fed and The US Treasury announcing late last year that stablecoins, which include Tether should be considered as securities. If Tether is indeed classified by the SEC as a […]
A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity. Altcoins Trading Volume Outperformed Bitcoin Last Weekend in South Korea According to The Korea Herald, the KFB is concerned about potential risks that South Korean banks could be exposed in front of high altcoin trading volumes, as they offer their services to domestic virtual....
The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra's initial announcement. Per a Tuesday press release, the Libra Association is changing its name to the Diem Association.The shift is likely in the hopes of turning the page on Libra's PR. Facebook initially announced its planned global stablecoin Libra in June of last year to immediate regulatory uproar that has swamped the project since. Facebook's involvement has proved especially controversial.The new name uses the Latin for day, as in "carpe diem." The Association's press....
