The new bank will be subject to heightened scrutiny from the OCC for at least three years. In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the U.S. Treasury […]
Continue Reading
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process. Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
Where do NFTs fit into DeFi, what’s next for a space awash with funding, and how do DAOs manage NFT content? Jesse Johnson discusses with Cointelegraph Non-Fungible Tokens (NFTs), once the red-headed stepchild to more popular smart contract implementations, are finally beginning to have their day in the sun. Average purchase prices of NFTs on […]
Continue Reading
If you look at its governance, definitely not. No major euphoria-worthy moments happened this week — the ecosystem is still cooling off. I think the biggest sign of that is Uniswap’s trading volume. After hitting a peak of slightly less than $1 billion in daily volume in early September, those numbers steadily deflated. Courtesy of […]
Continue Reading
Crypto isn’t inherently good in just its development and proliferation; the community must address the reasons causing financial exclusion. On Sept. 27, Coinbase CEO Brian Armstrong sought to center his employees’ work around the company’s core mission: “to bring economic freedom to people all over the world.” Armstrong argues for a narrow interpretation of Coinbase’s […]
Continue Reading
Although it’s still impossible to pay with ETH where only BTC is accepted, cryptocurrency interoperability is being explored. Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay […]
Continue Reading
Polkadot reveals details of a new crowdfunding mechanism: the initial parachain offering. Much of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin […]
Continue Reading
The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa. Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and […]
Continue Reading