12 hours ago | 2 mins read Blockchain News Customers of Bitstamp may now use XRP Ledger for EUR transfers. An IOU is a token on the XRP Ledger that represents ownership of an underlying asset. Support...
Tag: IOU
Bitstamp Introduces EUR-Backed IOU on XRP Ledger with Xumm Wallet Integration
The move will allow Bitstamp customers to use the XRP Ledger’s fast and cheap transaction processing to move EUR while giving them access to its DeFi ecosystem. Leading centralized crypto exchange Bit...
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet
The firm had originally said on Sept. 13: “In practice, PoolinWallet will offer IOU-token to token single-direction swap in the Trade function, allowing users to trade their IOUBTC to BTC, IOUETH to E...
US Central Bank Loses Billions From Rate Hikes, ‘Losses Pile up Into an IOU’ – Economics Bitcoin News
While the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of the worst selloffs in over a ...
Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency – Bitcoin News
According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording...
Celsius Network May be Planning to Convert its Loans to Crypto ‘IOU’ Tokens
Celsius Network Crypto Lender filed its bankruptcy in July 2022. Celsius Network is a crypto lender that filed for Bankruptcy under chapter 11 of Bankruptcy rules in July 2022. The company halte...
Crypto Miner Poolin Issues $238M in IOU Tokens to Fix Liquidity Crisis
Poolin, one of the largest Bitcoin mining pools, has issued $238 million worth of IOU (I-Owe-You) tokens to customers. The latest development comes shortly after the firm shut down its withdrawal serv...
Poolin Will Provide ‘IOU’ Tokens After Withdrawal Freeze –
The Bitcoin Mining Pool, Poolin, will issue IOU (I Owe U) tokens. The withdrawal of this IOU token is unlimited. On September 4, 2022 the firm suspended all withdrawals to preserve assets and stabiliz...
Ethereum PoW Hardfork Token’s IOU Accepts Trading on 5 Exchanges
The Ethereum network’s transition from the Proof-of-Work to the Proof-of-Stake (PoS) model was successful, and the industry is agog about it. Besides ushering in a new era for the Ethereum commu...
Poolin Brings In IOU Tokens to Mitigate The Impact
Poolin, the embattled crypto mining pool service provider, will offer freshly-minted IOU tokens to its users whose assets are frozen after the platform suspended withdrawals last week. The distributio...