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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

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In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as … Read more

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

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U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto … Read more

CREDIT, the African Cryptocurrency Unlocking Massive Potential

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Blockchain developer TERRA has revealed some of its newest addition to its ever-expanding ecosystem. The latest products have been tailored to meet the needs of people in developing countries such as Nigeria, whose people are struggling to gain access to basic banking and payment facilities. The South African blockchain platform is set to aid the … Read more

African-based Cryptocurrency CREDIT is Thriving in Emerging Markets

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African based blockchain project Terra recently celebrated the first anniversary of Credit (CREDIT) block production. Credit is a decentralized proof of stake cryptocurrency that is simple to mine and rewards its holders with passive income.  November 20, 2019, Johannesburg SA –  Johannesburg-based blockchain project and trading platform TERRA has announced a huge slew of products to focus on the … Read more

Three Bank Failures Open New Chapter in Never-Ending Financial Crisis

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The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be … Read more

How Crypto-Based Microfinance Benefits Small Businesses

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Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea … Read more

PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign

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Coinseed is a platform for spare-change investment and cash back rewards in crypto. Since they launched in Dec 2017, they have acquired nearly 20k users through organic growth and built several new features. As they are now preparing to scale up the business, Coinseed launched its SEC filed crowdfunding campaign and you can join here. … Read more