South Korea’s NH Bank Forms Blockchain Financial Services Consortium
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. Go to Source Powered by WPeMatico
Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins
A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network. Go to Source Powered by WPeMatico
Former Bakkt CEO Faces Stiff Competition in November Special Election
Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Go to Source Powered by WPeMatico
Analyst Snickers at Those Who Invest in Gold but Not Bitcoin
According to crypto analyst Willy Woo, a $1 investment in Bitcoin a decade ago would be enough to retire on, while the price of gold has barely moved. Go to Source Powered by WPeMatico
BitMEX Taunts Plaintiff: ‘Incorporated in Seychelles, Come At Me Bro’
The plaintiff in a lawsuit against BitMEX has asked a court to preserve thousands of email records that could show the exchange was operating illegally in the United States. Go to Source Powered by WPeMatico
MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral
MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans. Go to Source Powered by WPeMatico
London’s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the … Read more
UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default
A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments. Go to Source Powered by WPeMatico
One Third of Institutions Have Invested in Crypto Says Fidelity
A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. Go to Source Powered by WPeMatico
