Terra Stablecoin Alliance Adds South Korean Music Streaming Platform

Blockchain payment system and stablecoin issuer Terra has added South Korean music streaming platform Bugs to its e-commerce alliance. As CoinDesk reported Aug. 14, there are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem. The Terra Alliance uses payment solutions provider CHAI as its front-end. CHAI incorporates a mobile payments app which…

Japan to Look Into the Impact of Facebook’s Libra Ahead of G7

Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, Cointelegraph Japan reported on July 12. Per the report, Japanese authorities have set up a liaison conference tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The conference will reportedly consist of the Bank of Japan, the Ministry of Finance and the…

Crypto May be Accepted as Payment for Barrels of Oil

A report released by Snob.ru on June 6 indicated that the head of Rosneft, a Russian oil company, has indicated he may be willing to accept payment for barrels of oil with cryptocurrency at some point in the future. Igor Sechin referred to the increased acceptance of digital assets as evidenced by Amazon, Apple and…

JPM Develops New Privacy-Enhancing Tool for Payment Mechanisms on ETH Blockchain

JPMorgan Chase (JPM) — the United States’ largest bank — is reportedly poised to release an open-source extension that enhances the privacy of payment mechanisms on Ethereum-based blockchains. The development was reported by crypto media outlet Coindesk on May 28. The new tool has reportedly been designed as an extension to the Zether protocol. As reported, Zether is a privacy-focused payment mechanism that is…

Stablecoin USDT Launched on Tron Blockchain

Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain. The development was announced in a blog post published on April 17. The development is an upgrade from the OMNI protocol-based USDT — which is pegged to the United States dollar on a 1:1 basis — that now enables users to hold and…

Russian Social Media Giant VK Launches ‘Mineable’ VK Coin

Russian social media giant Vkontakte (VK) has launched an internal currency, VK Coin, that can be “mined,” local state-owned media outlet Tass reported on April 1. The move follows recent reports this week that VK was launching a bespoke cryptocurrency. The official information provided on VK Coin, however, does not indicate that the coin is based on blockchain technology. It does,…

Universal Protocol Alliance to Launch Euro-Pegged Stablecoin in April

The Universal Protocol (UP) Alliance, a coalition of blockchain firms including crypto exchange Bittrex and decentralized browser Brave, will launch its own euro-pegged stablecoin in April, according to a press release on March 28. The UP’s stablecoin, dubbed the Universal Euro (UPEUR) will be pegged to the euro on a 1:1 basis and will reportedly allow customers to earn up to 8 percent interest. The…