Europe’s central bank is concerned about possible runs on stablecoins
Stablecoin runs could occur if users lose confidence in the issuer or its network. Go to Source Powered by WPeMatico
Finance
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Kind of a big dill: Pickle.Finance TVL exceed $347M in 4 days
Investors are salivating for pickles after DeFi protocol Pickle.Finance locked $347 million in it’s liquidity pools. Go to Source Powered by WPeMatico
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by … Read more
Russia’s largest bank joins blockchain trade finance platform
The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance. Go to Source Powered by WPeMatico
DeFi app overview: How to navigate crypto’s new finance wave
With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do? Go to Source Powered by WPeMatico
Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December
This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data … Read more
How on-chain KYC can breathe new life into enterprise blockchain
Widespread crypto adoption by enterprises has the potential to become a self-perpetuating mechanism for public blockchains, creating bigger, stronger networks. Go to Source Powered by WPeMatico
Digital Assets Data CEO says mainstream finance still doesn’t trust Bitcoin
Bitcoin still has ground to make up in the mainstream world. Go to Source Powered by WPeMatico
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets as collateral to get loans paid out in fiat or stablecoin. … Read more
UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash
London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies. Ziglu founder and chief executive officer Mark Hipperson said the EMI license allows the … Read more