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Finance – Page 173 – DIGIT INFO

4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure

Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many … Read more

Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US … Read more

Ethereum’s Value Transfer Is Now Dominated by Stablecoins

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also … Read more

US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector

Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius … Read more

More Than 50 Crypto Marketing Agencies Survived the Crypto Winter

The cryptocurrency industry has grown exponentially and there are many facets to the blockchain industry. One specific area of expertise that’s grown significantly in the last few years is the expansion of marketing agencies within the blockchain and cryptocurrency space. In 2020 there are more than 50 marketing companies that help crypto firms and projects … Read more

Uphold App Now Lets Users Easily Trade Directly Between Over 60 Cryptos, Fiat Currencies and Metals

The new Uphold mobile app features an ‘Anything to Anything’ interface, which lets users easily trade directly between more than 60 assets. This means that Uphold users in the UK for example, can now directly buy bitcoin cash (BCH) with their local GBP fiat without having to use an intermediary currency such as USD or … Read more

New York City Will Welcome Your Cash With Open Arms

Running a physical business is always a complex undertaking. Especially in New York City, now that cashless payments have been banned completely.  This news is rather surprising, as it has seemingly come out of the blue. Cash Remains King in New York City A legislative proposal to for businesses to accept cash was introduced a … Read more

More Than 77 Crypto Projects Claim to Be Backed by Physical Gold

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading … Read more

Japan may Explore a CBDC but the Rumors are Contradictory

Japan has positioned itself as an interesting region for cryptocurrency activity. This also means that the country may be issuing its own digital currency in the near future.  For now, there are nothing more than actual. Does Japan Even Need a CBDC? However, several domestic reports indicate that a CBDC in Japan may come sooner … Read more

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