News Archives | Multiplier Crypto Business News

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Bloomberg MarketsFebruary 7, 2019

Peter Van Valkenburgh, Coin Center director of research, comments on Gerald Cotten, the Canadian behind cryptocurrency exchange Quadriga CX, whose death left C$190 million ($145 million) in Bitcoin and other digital assets protected by his passwords unretrievable.

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One of the biggest hurdles facing digital currencies is their extreme volatility. Bitcoin traded near $20,000 in December 2017 only to plummet to around $6,000 two months later — a range of price swings that makes Bitcoin nearly unusable for business owners or consumers. For some, the answer is a stable cryptocurrency, or stablecoin. While the idea isn’t entirely new and the best-known example, Tether, has been trading since 2015, a host of new stablecoins hit the market last year.

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