Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Friday 12th March 2021, St John, Antigua – Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee.

Sidechains for GHOST will open up a variety of interaction possibilities including a full privacy dex using atomic swaps to flawlessly execute cross-chain transactions, a private stabled coin, GHOSTDAI, that is pegged and backed 1:1 with DAI, and more.

“When I was setting the vision for GHOST, I didn’t just see a privacy coin, but an ecosystem of products and services that really encompassed the ideas and values that I think are really important about being able to do business and send value privately.” said Josh Case, the founder of Poltergeist Exchange and Co founder of Ghost by McAfee.

“Nothing can stop us from bringing these ideas to the world. And a lot of these ideas are closer than you may think.”

Poltergeist and Ghost have also brought on other heavy hitters as advisors such as Mate Tokay, Co founder of Bitcoin.com.

“I am really happy to join these projects and help bring a true private crypto currency ecosystem to the world. A real private stable coin will be a game changer” said Mate Tokay.

The experience of the GHOST team & its’ advisors puts GHOST in an advantageous position in a time where DEXs and privacy are in high demand. GHOST can be accessed by anyone, anywhere, at any time.

To sign up and join the next step in DEX advancement, visit the Poltergeist website.

Join the Poltergeist community by visiting Twitter, or chat on Telegram.

About GHOST

GhostbyMcAfee.com is a privacy coin founded by legendary tech pioneer John McAfee, who has continued to promote the project on his Twitter account from his jail cell in Spain.

Canadian bank plans to launch CAD stablecoin

Today, Canada’s VersaBank announced plans to issue a Canadian dollar stablecoin VCAD, one-to-one backed by a Canadian dollar deposit at the bank. If you haven’t heard of the chartered bank before, it’s because it’s not Canada’s biggest, with a market capitalization of CAD 288 million ($229 million). The bank also wants to leverage its own “digital bank vault” technology created by its subsidiary DRT Cyber.

To issue the stablecoin, it has partnered with Stablecorp, a joint venture between crypto asset manager 3iQ and Mavennet. The latter is known for developing blockchain applications for enterprises such as steel and oil traceability for the Canadian and U.S. governments.

VersaBank doesn’t intend to deal with end-users directly. Instead, it will issue stablecoins to “financial intermediary partners” in exchange for Canadian dollar deposits. In turn, those intermediaries can offer the redeemable stablecoin to consumers and businesses.

“As North America’s first bank-issued “stablecoin”, VCAD offers consumers and businesses the ability to adopt and leverage the benefits of digital currency and blockchain-based assets without the volatility of traditional currencies, alongside the security of a value-backed asset that the cryptocurrency world has long demanded,” said David Taylor, President of both VersaBank and its cyber security subsidiary, DRT Cyber.

VersaBank and StableCorp also plan to offer VUS and VEuro stablecoins in future.

StabeCorp’s CEO Jean Desgagne is an accountant and Vice Chair of Ontario’s accounting body. He also chairs the internal audit committee for the IT Sector of the Province of Ontario. StableCorp already has its own stablecoin, the QCAD.

Meanwhile, JP Morgan is looking to ramp up its JPM Coin activities. To date, the JPM Coin would be classed more as a settlement token than a pure stablecoin in that it is used to convert part of a company’s bank balance into a coin for the purposes of payments, and converted back to a bank balance by the recipient. JPM Coin is also being used in an interbank multi-currency payments network being developed in Singapore.

USDT/USD: Speculative Advantages of Chasing the Stable Coin

Tether, as the premier stable coin, provides an intriguing speculative landscape for experienced traders. Having gotten its legal questions out of the way which were shadowing Tether for a while, via its settlement with New York State, USDT/USD can be looked at with short-term and long-term perspectives with relative comfort.

The 1.0000 mark remains the ultimate trading barometer for USDT/USD, but the digital currency seldom navigates this value only. Instead, it trades slightly above or below the price depending on prevailing sentiment and its utilitarian ability in the cryptocurrency world as a basis for transactions. In early trading today, USDT/USD traversed slightly lower from its current short-term price range and touched the 1.0005 mark and promptly moved higher.

Traders need to understand that the volume within USDT/USD is not huge and patience is required to have values move in the direction desired. Speculating on USDT/USD also needs the ability to understand the trading parameters of your chosen broker. If you are taking a position in USDT/USD it may not be possible to hit your target in one day, even if it is incremental, which means you may have to pay a carrying charge to hold a position overnight.

Therefore, looking for small moves within USDT/USD is the best option and the use of limit orders is vital to get in and out of trades. Short-term traders who know how to use their risk management tools have an advantage when trading Tether.

From a technical viewpoint, and taking into consideration the overall strong nature of the cryptocurrency market, USDT/USD continues to look like a potential buying opportunity when it approaches the 1.0000 mark. In fact, speculators who are able to use limit orders and buy if the 1.0005 support level is touched in the short term may find this trade worthwhile.

Now that the storm clouds have lifted from Tether, traders in the near term can be more comfortable and focus on value instead of legal questions for USDT/USD. Short term, USDT/USD looks like an opportunity for speculators who are alert, can tactically implement their positions patiently and target support junctures as a way to buy Tether.

Tether Short-Term Outlook:

Current Resistance: 1.0012

Current Support: 1.0005

High Target: 1.0014

Low Target: 1.0001