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Yield farming is a fad, but DeFi promises to change the way we interact with money
29.11.2020
The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions
Big banks think new furniture is innovation, but they are wrong
28.11.2020
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution
Polish city becomes first to adopt Ethereum blockchain for emergency services
27.11.2020
Olsztyn, Poland is using SmartKey built on Ethereum to streamline emergency services
Spending Sats: A Look at This Year’s Bitcoin Black Friday Deals
26.11.2020
Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items with digital assets like bitcoin. Due to...
Coinbase, Others Go Down as Amazon Web Services Outage Takes Down Swath of Internet
26.11.2020
Leading cryptocurrency exchange Coinbase and thousands of other platforms on the internet reported recurring interrupted service and pointed the finger at cloud provider Amazon Web Services, which experienced an outage
Coinbase warns users of connectivity issues due to Amazon AWS outage
26.11.2020
The U.S.-based exchange has told users that they may experience some intermittent delays or errors while transacting
Leading Japanese Financial Firm SBI Holdings Rolls Out Crypto Lending Services
24.11.2020
A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return
Crypto.com Takes Steps Toward Financial Licensure in Malta
24.11.2020
The Hong Kong-based crypto firm received preliminary approval from the Malta Financial Services Authority (MFSA) for two financial licenses
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan
23.11.2020
The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage...
OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
23.11.2020
The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank...
Hacked Crypto Exchange KuCoin Resumes Deposit, Withdrawal Services for All Tokens
22.11.2020
The digital asset exchange that was hacked to the tune of $281 million in September said it's restored the deposit and withdrawal services of all tokens
Wallex: The Rainbow in The European Grey Zone
22.11.2020
The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave....
Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
21.11.2020
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...
Why DeFi Matters: Making Financial Services More Accessible
21.11.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Earlier this year, a new “hot” word appeared, and the crypto space has witnessed an incredible hype around DeFi projects, which has drawn a lot of attention to decentralized finance and brought in a lot of...
Tokenization will bring desirable stability to emerging markets
21.11.2020
Tokenization has a long way to go before it will uplift populations in emerging-market states, but it will bring the needed stability
TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad
21.11.2020
In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream...
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
20.11.2020
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules...
Gemini Exchange Is Using ClearBank for UK Banking Services
19.11.2020
Gemini announced it was expanding into the United Kingdom in late September
Quppy Users Are Offered a Referral Program
19.11.2020
PRESS RELEASE. Quppy services can now be referred for an attractive direct cashback. The Quppy digital financial solution is launching its first referral program. Quppy current and new users are now provided with their unique referral links to share among their communities. The Quppy referral...
Nexo To Launch New Services, Eyes Decentralization As It Aims To Become A Bank
17.11.2020
Source: A video screenshot, Youtube/Nexo
By the end of this year, major crypto lender Nexo (NEXO) aims to launch an internal exchange, while they're also working on prime brokerage and commercial banking capabilities as the company aims to become “a full-fledged bank,” Antoni Trenchev, Co-Founder...