Kowala Launches Andromeda, the Alpha Mainnet of Its USD-Pegged Stablecoin

  Launch initiates the distribution of the algorithmically stable cryptocurrency’s first mining token, mUSD   Nashville, TN – September 4, 2018 – Kowala, a stablecoin protocol designed to track the value of fiat currencies by robotically minting and burning its coin supply in accordance to user demand, announced the launch of Andromeda, the alpha version of their blockchain mainnet. Following stress testing and debugging of Andromeda, Kowala anticipates the release of its beta mainnet version, Boötes, in Q3 of 2018. With the Boötes mainnet launch, kUSD stablecoin mining will be…

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As Turkish lira collapses, could Bitcoin provide an alternative store of value?

With Turkey’s national currency collapse making headlines around the world recently, and with countries such as Venezuela looking to cryptocurrencies as an alternative store of value, could Bitcoin offer a solution to market volatility?   Several experts in the blockchain space, including representatives from Ultra, qiibee, Orbs, and Kowala, have provided some insight on the current crisis in Turkey.  Cryptocurrencies such as Bitcoin could potentially offer a solution in countries where the monetary system has been negatively impacted.   Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultra says: Cryptocurrencies have…

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Kowala’s kUSD Becomes First Stablecoin With Ledger Hardware Wallet Support

Dollar-pegged cryptocurrency with coin-burning and minting features to be accessible to millions of users   Nashville, TN – August 9, 2018 – Kowala, a stablecoin protocol that maintains price-pegs to fiat currencies by robotically minting and burning coin supply in accordance to user demand, announced that their flagship project, the dollar-tied “kUSD”, is the first stablecoin to win public platform support from Ledger — the world’s leader in crypto hardware wallets.     The importance of Ledger’s decision to publicly support kUSD as the first stablecoin with an app on…

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Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

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