Bitcoin holders now have more options to use their assets. Mezo, a platform for Bitcoin finance, has teamed up with Anchorage Digital. This partnership aims to make Bitcoin more useful for big investors and companies. Mezo lets people borrow money using their Bitcoin as collateral. They can get loans at low interest rates, starting at just 1%. This service is availa...
Korea is making a bold move to bring its currency, the won, into the world of cryptocurrency. This isn't just about creating a new digital currency. It's about making it easier for Korean businesses to operate globally. Right now, most crypto transactions happen in dollars. This can be a hassle for businesses that want to use the won. A won-pegged stablecoin could ch...
A major U. S. bank is stepping into the world of digital money. BNY, a well-known name in traditional banking, has just launched a new fund. This fund is not for regular investments. It's designed to support stablecoins, a type of digital money that's tied to the value of real-world currencies like the U. S. dollar. Stablecoins are becoming more popular. They're use...
Tether, the company behind the popular USDt stablecoin, is making a bold move into the world of commodity lending. With a whopping $1. 5 billion already lent out, they're not just dipping their toes in—they're diving right in. This isn't just about lending money; it's about helping traders move goods around the globe, from agricultural products to oil. Tether's new ...
The Bank of England has shared its updated plans for managing stablecoins, a type of digital currency tied to stable assets like the British pound. This isn't the first time they've talked about this, but their latest ideas have sparked some debate. The bank has been gathering thoughts from various groups, including banks, tech experts, and even individuals. They've...
Small banks in the U. S. are raising concerns about Sony's plans to enter the crypto world. They think Sony is trying to get around some important banking rules. Sony wants to create a new company called Connectia Trust. This company would deal with digital money, like stablecoins. Stablecoins are a type of cryptocurrency that is tied to the value of the U. S. dollar...
Circle, the company behind the popular stablecoin USDC, has been making waves in the financial world. Its stock has seen a wild ride since its debut on the New York Stock Exchange in June. Initially, shares skyrocketed, climbing a staggering 178% from their IPO price of $31. But then, things took a turn. The stock tumbled 67% from its June highs, presenting what some...
Brazil is taking strong steps to tackle illegal activities involving cryptocurrencies. The government and the central bank have put forward new rules to address this issue. The central bank's proposal aims to make it easier to monitor and regulate stablecoins, which are digital currencies tied to traditional money like the U. S. dollar. This new rule would require ex...
Brazil is stepping up its game in the crypto world. The central bank has just rolled out new rules for trading virtual assets, including cryptocurrencies. These rules aim to tackle money laundering and terrorism financing, extending existing regulations to virtual-asset service providers. Crypto has been booming in Brazil, and the central bank is taking notice. Gove...
Bitcoin's price took a dip in early November, dropping below $100, 000 after hitting a record high of $126, 000 in October. Some experts see this as a normal pullback after a huge price surge earlier in the year. Cathie Wood, the CEO of Ark Invest, is still very optimistic about Bitcoin. But she recently adjusted her big prediction for its future price. She initiall...