For the first time, Indians will be able to take out a loan against cryptocurrencies. Indian bank United Multistate Credit Co. Operative Society is planning to expand its banking services to cryptocurrencies and cryptocurrency products. In collaboration with the crypto banking service provider Cashaa, United has established a joint venture dubbed UNICAS that aims to […]
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The new venture will reportedly include 34 “physical branches and operations” in northern India. According to an Oct. 26 announcement from Cashaa, the fintech firm will be partnering with India’s United Multistate Credit Cooperative Society to build a crypto-friendly financial institution called UNICAS. This new venture will reportedly include 34 “physical branches and operations” in […]
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Bitcoin and Ether see a strong bullish sentiment, but confidence in DeFi starts to shake. With Bitcoin price successfully punching through the $12,000 barrier after PayPal announced that it would be venturing into digital assets, October is delivering on the excitement that September failed to provide. And with on-chain and market data continuing bullish signs […]
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OKEx’s secrecy around locking customer withdrawals has led to misinformation and confusion around what’s happening with the exchange. For nearly a week, uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on Oct. 16 has lingered on. The ongoing suspension has been puzzling to many, but the exchange’s representatives maintain that the move was […]
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There was a time when Bitcoin seemed to be directly influenced by the daily news cycle. Blockchain headlines have been awash with negative news tidbits lately. KuCoin suffered a major hack on Sept. 26, two U.S. regulating bodies went after BitMEX on Oct. 1, the United Kingdom’s Financial Conduct Authority, or FCA, banned crypto derivatives on […]
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The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe. In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were […]
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A legendary Berlin-based watering hole and Bitcoin hub closes down A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin […]
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“If you look at financial structures in history, everything worked out because of collaboration.” Jack Lu, 23, was struck by the idea for his new DeFi platform Bounce while working on his thesis on game theory and cryptocurrency at Reed College in California. “It took me quite a long time to think of it,” Lu […]
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Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data […]
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The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data. Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement. The 527 respondents included exchanges and companies involved in crypto assets and […]
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