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DeFi projects face a painful dilemma right now as they seek ‘the holy grail’
26.7.2021
Many DeFi projects face a painful dilemma: Should their protocols be designed for professional traders, or everyday consumers yet to embrace crypto in their masses?
64% of Adults from 10 Different Countries Would Use a Central Bank Digital Currency: Report
24.7.2021
As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. Nearly two out...
German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan
17.7.2021
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said....
21Shares partners with German brokerage to offer crypto ETPs for savings accounts
13.7.2021
“We are very excited to offer German clients who wish to add Bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to comdirect,” said Hany Rashwan, CEO of 21Shares
Coinbase Launches High Yield USDC Accounts With 4% APY
30.6.2021
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With...
Coinbase will pay users 4% interest on USDC holdings
29.6.2021
The announced yields represent the exchange increasing interest for USDC holders by more than 2,500% since it was lowered significantly last June
Crypto Savings Rates Are 10X Greater Than High Street, But Is It For You?
25.6.2021
Matthew Shillito, Lecturer in Law, University of Liverpool.
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Leading crypto banks such as BlockFi and Nexo are attracting a lot of attention. Customers can earn an APY (annual percentage yield) of up to 12%, dwarfing high-street savings accounts, whose interest rates are sub-1%. But before...
Better, faster, cheaper: How DeFi will kill the retail bank
25.6.2021
The battle for global consumer deposits is going to be the fight of the century. But to vanquish old-fashioned banks, the DeFi sector needs to up its game
Crypto Savings Platform Ledn Raises $30 Million in Latest Funding Round
28.5.2021
Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round. The money raised will be used to expand its offer of lending products, and to expand its reach in more countries. Ledn could take advantage of the recent problems that...
Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income
1.5.2021
Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source...
Dogecoin Investor Becomes Millionaire in 2 Months, Inspired by Elon Musk
25.4.2021
A dogecoin investor has shared his story of how he became a crypto millionaire in a little over two months after learning about the meme cryptocurrency and pouring all his savings into it. He said he was inspired by Elon Musk’s tweets about dogecoin. A Doge Millionaire Shares His Story...
Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits
24.4.2021
South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very...
Steve Wozniak’s EFFORCE (WOZX) Now Listed on Bitcoin.com Exchange and Opens Platform to the Public
21.4.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of WOZX, being available to trade on the 21st April 2021 at 10:00AM UTC. WOZX was created by the EFFORCE team, including Apple Co-founder Steve Wozniak, as the energy savings token to allow contributors of their EFFORCE...
Man Loses Life Savings to Phony Bitcoin iOS App- Over a Million Dollars in BTC Drained
1.4.2021
Just recently, an individual lost all of his life savings in a matter of no time after he downloaded a malicious and phony Trezor application onto his iOS smartphone from Apple’s App Store. Phillipe Christodoulou lost 17.1 bitcoin or over a million dollars worth of the cryptocurrency using...
Bogus Trezor iOS App Snares Investor’s USD 1m Bitcoin Savings
31.3.2021
A bitcoin (BTC) investor who says he lost over BTC 17 (USD 0.99m) to scammers has hit out at Apple for hosting a fake app on its store that allowed criminals to make off with his “life savings.”
Speaking to the Washington Post, the investor, a Trezor wallet user named Phillipe Christodoulou...
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26.2.2021
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24.2.2021
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1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO
23.2.2021
The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO
Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets
20.2.2021
The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies...
Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch
9.2.2021
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins