#CryptoCurrency / Gemini launches crypto-based savings product offering up to 7.4% yield

The cryptocurrency exchange Gemini… launched a savings product, dubbed Earn, that lets customers move their holdings in Bitcoin, or any of the 26 cryptocurrencies Gemini supports, into accounts yielding interest as high as 7.4%. Gemini said it can afford to pay relatively high rates… because it lends the cryptocurrency deposits to institutional borrowers through aContinue reading “#CryptoCurrency / Gemini launches crypto-based savings product offering up to 7.4% yield”

#CryptoCurrency / Swiss bank Seba issues Series B equity as security tokens

The move comes after Switzerland adopted a new distributed ledger technology law that recognises tokenised securities as an asset class that can have their legal ownership rights transferred via a blockchain. Finma-licenced Seba Bank had already indicated that it would tokenise its shares of the Series B fundraising when the law came into force. TheContinue reading “#CryptoCurrency / Swiss bank Seba issues Series B equity as security tokens”

#CryptoCurrency / Crypto Lender BlockFi Registers Bitcoin Trust With SEC

BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ attention and dollars. Grayscale’s own bitcoin (BTC, +2.31%) trust is one ofContinue reading “#CryptoCurrency / Crypto Lender BlockFi Registers Bitcoin Trust With SEC”

#CryptoCurrency / Legally speaking, is digital money really money?

Close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear, according to research conducted by the International Monetary Fund. To legally qualify as currency, a means of payment must be considered as such by the country’sContinue reading “#CryptoCurrency / Legally speaking, is digital money really money?”

#CryptoCurrency / Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but it isn’t going to supplant the U.S. dollar’s international role. In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged the U.S. dollar had been on a downtrend but said thereContinue reading “#CryptoCurrency / Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency”

#CryptoCurrency / Gemini to Offer Credit Card with Crypto Rewards

Gemini, a crypto exchange and custodian… will launch the Gemini Credit Card, a credit card with cryptocurrency rewards. This effort has been accelerated by the acquisition of Blockrize, a fintech startup that has been building a credit card with cryptocurrency rewards… “The Gemini Credit Card will make it easier for any consumer to invest inContinue reading “#CryptoCurrency / Gemini to Offer Credit Card with Crypto Rewards”

#CryptoCurrency / CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal

Ribbit Capital, the Palo Alto-based backer of Revolut, Robinhood and Affirm, has led its first Indian cryptocurrency deal. The start-up began as CoinSwitch in 2017, a global aggregator of crypto exchanges. It removed the need for businesses to create an account on an exchange… The Kuber platform launch was designed to simplify crypto investments forContinue reading “#CryptoCurrency / CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal”

#CryptoCurrency / Retailers Flock To Crypto As Booking.com Becomes Latest Firm To Get Onboard

Travel industry giant Booking.com has partnered with Crypto.com highlighting the growing commitment major retailers are making to the digital economy. Bitcoin’s breathtaking rally beyond $35,000 kicks off 2021 on a high following above expectation institutional interest with banks and hedge funds now aggressively seeking to expand their bitcoin holdings. Kris Marszalek, CEO of Crypto.com said,Continue reading “#CryptoCurrency / Retailers Flock To Crypto As Booking.com Becomes Latest Firm To Get Onboard”

#CryptoCurrency / Banca Generali invests in bitcoin wallet provider Conio

Italy’s Banca Generali has acquired a stake in crypto wallet provider Conio as the lead investor in a $14 million capital raise for the company, which offers custody, negotiation and reporting services currently focusing on bitcoin. Promising a 30-second account opening process, the Conio Bitcoin Wallet enable users to buy bitcoin with a credit cardContinue reading “#CryptoCurrency / Banca Generali invests in bitcoin wallet provider Conio”

#CryptoCurrency / Six trends that will change the crypto world in 2021

Trend One: Crypto will see tax regulation The main topic for the near future is the tax regulation of cryptocurrencies… the introduction of mandatory user identification through know your customer (KYC) procedures, the development of protocols that allow tracking transactions, and the adoption of legislation on digital assets, clearly indicates that things are changing, andContinue reading “#CryptoCurrency / Six trends that will change the crypto world in 2021”