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In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders. Also read: Security Startup Raises … Read more
In the world of cryptocurrencies and altcoins, currencies often tend to rise in value for no apparent reason. In the case of Nexo, the current price increase is quite steep, primarily because the platform is offering some new features. All of these developments seem to spark an interest in the project’s native token all of … Read more
Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies. Also read: Japanese … Read more
It’s been a week for stablecoin stories in the crypto sphere, and while we’d like to have started the weekend on a different tack, Huobi’s effort was too intriguing not to share. We’ll also detail the latest cryptocurrency lending options in Saturday’s edition of The Daily and consider a topical Halloween costume for bitcoiners. Also … Read more
When it comes to Bitcoin, the main barrier to mainstream use is the volatile price. Microsoft started accepting Bitcoin, then stopped, and then welcomed it back. Bitcoin, which was intended to solve the currency inflation problem, has rather turned into a means of storing value. It’s too precious and too unpredictable for real-world usage. The crypto community … Read more
It is estimated that the digital asset market, which consists of currencies like Bitcoin, Ethereum, and Litecoin, will grow to a staggering US$5 trillion by 2058. This domain has been growing steadily and has drawn interest from a plethora of investors, miners, and entrepreneurs in just two to three years. Even though blockchain technology has yet to gain … Read more
Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be … Read more
