NYCB and Group of Banks Join to Launch USDF Stablecoin


A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured...

Bitcoin and Ethereum Extend Decline, Dogecoin Rises


Bitcoin price started a downside correction from USD 44,000. BTC traded below the USD 43,200 and USD 43,000 support levels. It is currently (11:30 UTC) trading below USD 42,500 and there is a risk of further downsides. Similarly, most major altcoins are extending losses. ETH traded below the...

Revolut Launches Banking Services in Spain Featuring Deposit Insurance


Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000...

Bitcoin and Ethereum Extend Decline, Dogecoin Rises


Bitcoin price started a downside correction from USD 44,000. BTC traded below the USD 43,200 and USD 43,000 support levels. It is currently (11:30 UTC) trading below USD 42,500 and there is a risk of further downsides. Similarly, most major altcoins are extending losses. ETH traded below the...

Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition


The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group...

Jack Dorsey’s Block Announces Bitcoin Mining System, Building the Core Team


  Block, the payments company formerly known as Square and headed by Twitter founder Jack Dorsey, is building a Bitcoin (BTC) mining system and is hiring a team for it. “We’re officially building an open bitcoin mining system,” tweeted Dorsey on Thursday.... Read More: Jack Dorsey’s Block...

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