#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 / 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?”

#PropTech #DLT / Figure Lending lands $100M funding facility

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase… The warehouse facility will allow the company, a subsidiary of Figure Technologies, to originate conventional loans as well as jumbo loans… “This facility with J.P. Morgan will help us continue to innovate in the lendingContinue reading “#PropTech #DLT / Figure Lending lands $100M funding facility”

#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 / 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”

#CryptoCurrency / As bitcoin passes $20,000 for first time, Coinbase files for public listing

Cryptocurrency exchange Coinbase has filed a draft registration document with the Securities and Exchange Commission over a public listing. Coinbase’s submission comes as bitcoin hits a record high amid surging interest from institutional investors. Founded in 2012, Coinbase has more than 35 million users in more than 100 countries. The price of a single bitcoinContinue reading “#CryptoCurrency / As bitcoin passes $20,000 for first time, Coinbase files for public listing”

#BlockChain #DLT / JPMorgan to roll out commercial blockchain product for the repo market

JPMorgan has completed a live, blockchain-based intraday repo transaction using an in-house developed application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days. The offering will now be made available in production to external counterparties in the US – some of which have already simulated transactions on the newContinue reading “#BlockChain #DLT / JPMorgan to roll out commercial blockchain product for the repo market”

#BlockChain #DLT / Sygnum tokenises shares on blockchain

Swiss digital asset bank Sygnum has tokenised its own shares, laying the foundation for a future public offering, which includes a potential dual listing across Switzerland and Singapore in partnership with SIX Digital Exchange (SDX). Sygnum used its own inhouse tokenisation platform, Desygnate, to issue digital representations of shares and associated legal rights and obligationsContinue reading “#BlockChain #DLT / Sygnum tokenises shares on blockchain”