FTX Exchange “Likely” To Create A Stablecoin, Says CEO – October 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,566

Bitcoin price is sitting above the $20,000 mark to begin Thursday, coming down slightly from its test of the $21,000 level yesterday.

Top-20 altcoins have also cooled off a bit from yesterday’s run, as Ethereum and BNB fall 1% a piece. Dogecoin has stood out with a powerful 14% advance, following Elon Musk’s Twitter takeover.

Top Stories for October 27, 2022 πŸ”₯

πŸ‘‰ FTX Exchange “Likely” To Create A Stablecoin, Says CEO

Crypto exchange giant FTX is “very likely” to create a stablecoin, according to CEO Sam Bankman-Fried – who also hinted that an announcement is on its way.

FTX currently offers margin trading against a basket of USD stablecoins, including trueUSD (TUSD), USD coin (USDC), Pax dollar (USDP), HUSD and rival Binance’s Binance USD (BUSD).

Bankman Fried says the exchange knows how to create such a token and is exploring who to partner with to get the job done.

πŸ‘‰ Mara Launches African Crypto Wallet With Backing From Coinbase, Alameda

Mara, a crypto ecosystem project backed by Coinbase Ventures and Alameda Research, has launched a cryptocurrency wallet for African users – beginning with Nigeria, then followed by Kenya and Ghana.

The project raised $23 million from its investors and aims to offer crypto brokerage services, educational resources and personal finance management.

πŸ‘‰ “Decentralized Uber” Project Raises $9 Million For Development On Solana

The Decentralized Engineering Corporation (DEC) has raised $9 million to build “The Rideshare Protocol (TRIP) on the Solana blockchain – a project best described as a decentralized version of Uber.

Investors include Foundation Capital, Road Capital, Jake Paul, Uber’s third-ever employee, and several other notable names.