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UBS raises US recession odds to 60%, but what does this mean for crypto prices?
30.8.2022
Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
29.8.2022
The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly...
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...
The Card Battle Heats Up in Latam, as Ripio and Bitso Both Announce Crypto-Enabled Cards
26.8.2022
Cryptocurrency debit and credit card offerings in Latam are thriving, as two exchanges in the area are planning to launch their crypto-enabled cards. Ripio, the Argentina-based exchange, and Bitso, a Mexican exchange, both announced the future launch of their cards, in partnership with Visa...
NFT lending protocol Bend DAO proposes emergency changes amid credit crisis
22.8.2022
"We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters," says the Bend DAO dev team
IPOR Labs Unveils Protocol to Make DeFi Credit Markets More Transparent and Stable
16.8.2022
Traders will be able to hedge, arbitrage and take directional positions based on interest rate movements to manage risk across their credit portfolios on the Ethereum blockchain
S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
12.8.2022
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors
Coinbase Outlook 'Negative,' Credit Ratings Agency S&P Global Says
12.8.2022
S&P Global dropped the crypto exchange giant's rating to BB from BB+, citing weak earnings and stiff competition
Carbon credit NFTs are only effective if burned, experts say
11.8.2022
Environmental concerns plague both the crypto industry and the world at large. However, if used right, blockchain-based assets could offer some relief
Binance and Mastercard will launch prepaid crypto cards in Argentina
4.8.2022
"Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
24.7.2022
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not...
Buying crypto with credit card is now indirectly banned in Taiwan
22.7.2022
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling
Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report
22.7.2022
The country's financial regulator sent a letter to the banking association asking credit card companies to stop taking on crypto firms as merchants
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...
The Credit Crunch Is Not the End of Crypto Lending
20.7.2022
It is a mistake to view Bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures
Cred Protocol unveils its first decentralized credit scores
15.7.2022
Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO
Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution
12.7.2022
A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa. Credit Extended Based on Drivers’ Performance and Revenue Analytics The British...
LYO Credit (LYO) Is Now Available for Trading on LBank Exchange
10.7.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 10, 2022 – LBank Exchange, a global digital asset trading platform, has listed LYO Credit (LYO) on July 7, 2022. For all users of LBank Exchange, the LYO/USDT trading pair is now officially available for trading. Bringing the crypto world into...
Credit unions warn about the cost of developing a CBDC
8.7.2022
A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders