Bitcoin continues to find new uses in the financial world. Digital asset company, Fidelity has announced it will now give out loans backed by Bitcoin. The announcement, made on December 9, explains how this loans will be issued out. Bitcoin now a Collateral Option Fidelity says that this offering would allow its clients to use…
Popular stablecoin issuing company Paxos has applied for a US public trust bank charter with the United States Office of the Comptroller of the Currency. (OCC) On the off chance that it is effective, Paxos, which is now directed as a trust organization in New York, would be “the primary caretaker of the digital assets….
France seems to be tightening its belt around crypto in recent times. It is currently planning to enforce rigorous regulations concerning crypto transactions, and more stringent KYC protocol. Transactions Will now Require Full KYC Protocol Sources close to the government say that this new set of regulations is likely to be rolled out this week….
SC Ventures, the innovative arm of Standard Chartered, has announced a strategic partnership with Northern Trust. The partnership is directed at launching a crypto custody business dubbed Zodia. According to the announcement, the new enterprise named Zodia Custody will be dispatched in London. Zodia is slated to start activities a year from now, as enrollment…
Efforce, a newly launched token by Apple co-founder Stephen Wozniak, is seeing a massive price increase. The token, which is noted as WOZX, has seen an almost 100% increase in its price. This comes after the value of the coin multiplied about 25 times last week after its launch. Why is the Price Rising so…
An official public statement recently disclosed U.S.- based financial organization Square has launched yet another innovative feature. This is in a bid for the firm to achieve net-zero carbon for tasks by 2030. Jack Dorsey’s Square has revealed plans to donate $10 million to advance the adoption of green power energy in the Bitcoin mining…
Leading DeFi protocol Yearn.finance seems to be in the mood for mergers this season. Barely a week after merging with lending protocol Cream, Yearn.finance has announced a merger with Uniswap competitor Sushiswap. Founder of Yearn.finance Andre Cronje took to Medium today to share details of the merger. Cronje said that the partnership would be beneficial…
The information below details how you can buy Bitcoin in New York easily. To start with, Bitcoin or BTC is the leading digital currency with a market valuation of about 335 billion. The cryptocurrency is volatile in price, meaning that the value can rise and fall significantly at any time. Amidst the price volatility, however,…
Over time, cryptocurrencies have grown so popular worldwide with a market capitalization above $450 billion and counting as the industry is still young compared to other traditional markets. It’s safe to say that digital currency exchanges contributed immensely to the industry’s current progress since they enable the general public to purchase and trade cryptocurrencies. Choosing…
In recent months, the decentralized finance (DeFi) market trended as the hottest thing in the cryptocurrency industry. Many cryptocurrency traders flooded to the DeFi market to grab mouth-watering profits through yield farming opportunities. Although many investors were able to legitimately cash out big-time from most of the DeFi protocols, some investors lost their capitals due…