Almost a third of all global bonds are now trading at negative interest, representing $15 trillion or 75 times the Bitcoin market cap. According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost. Negative yield bonds dwarf Bitcoin market cap This represents […]
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A blockchain and a fintech startup partnered with South Korea’s oldest bank, Shinhan Bank, to develop a blockchain-based security solution. South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published on Aug. 14 by local […]
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Poloniex announces scheme to reimburse margin lenders losses caused by Clams flash crash in May. Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading […]
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Crypto banks are becoming a reality as regulators begin to work closer with blockchain firms, big things are in store when the fiat & crypto economies collide. Bitcoin once promised that it would help realize the lofty goal of making individuals “their own bank.” To understand the many services that banks truly provide is also […]
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A major German engineering company has raised a 750 million euro “green” loan using a blockchain-based syndicated loan platform. German-based Dürr, one of the world’s leading mechanical and plant engineering firms, has secured a sustainability loan of 750 million euros, the interest on which is linked to its eco-friendly performance. The credit agreement, reported on […]
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Coinbase Custody Trust Company has appointed Richard Neiman and Robert Easton to its Board of Directors, who previously held various leadership positions in the New York State financial regulatory system. Coinbase Custody Trust Company has appointed two new members, previously of the New York State Banking Department and the New York Department of Financial Services, […]
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Digital asset lender DrawBridge Lending announced that it received funding from cryptocurrency commercial bank Galaxy Digital. Digital asset lender DrawBridge Lending (DBL) announced that it received funding from cryptocurrency commercial bank Galaxy Digital. A fiat-crypto lending and investing service DrawBridge announced in a press release published on Aug. 8 that it received funding from Galaxy […]
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Cryptocurrency lending platform Dharma has put a moratorium on new deposits and loans, adding that they are still hard at work on their product. San Francisco-based crypto lender Dharma has decided to pause new deposits and loans on its platform. Dharma announced their decision in a series of official Twitter posts on Aug. 7. Their […]
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Crypto lender BlockFi secured $18.3 million in a funding round led by a PayPal co-founder’s VC firm Valar Venture. American cryptocurrency lender BlockFi has secured $18.3 million in a funding round led by Valar Ventures. The Series A funding round saw participation from a number of crypto-focused investors, including Winklevoss Capital and Galaxy Digital, according […]
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South Korea’s oldest bank, Shinhan Bank, is developing a distributed ledger technology-enabled stock lending platform. South Korea’s oldest bank, Shinhan Bank, is developing a Distributed Ledger Technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lending Per the report, Shinhan Financial Investment signed an agreement with financial services company Directional […]
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