Day: 24 January 2023

Milo, a financial technology firm, today announced the debut of its new cryptocurrency loan product. Milo is reinventing how users around the world and those who use cryptocurrencies access financial solutions.  With this product launch, owners of digital assets will now have the option to use their cryptocurrencies as collateral ...

The troubled cryptocurrency corporation Digital Currency Group (DCG) is now dealing with additional legal issues due to a new class action lawsuit filed against its subsidiary Genesis Capital.  According to a securities class action (SCA) complaint filed by a group of Genesis creditors against DCG and its CEO Barry Silbert, ...

The European Commission has recently announced its plans to publish a bill that will pave the way for the creation of a digital euro and set the foundation for the EU's strategy on virtual worlds.  While the European Central Bank has yet to decide on issuing a central bank digital ...

It has come to light that Binance, one of the largest cryptocurrency exchanges in the world, has processed a significant amount of transactions for another digital currency exchange known as Bitzlato. According to a report, Binance processed nearly $346 million in bitcoin for Bitzlato, raising concerns about the level of ...

The recent bankruptcy filing of Genesis, a cryptocurrency lending platform, has left customers of Gemini Earn, a rewards program for lending cryptocurrency, facing a potential shortfall of $485 million. Gemini Earn operates by paying rewards to customers who lend their cryptocurrency to the program. These tokens are then loaned to ...

President Nayib Bukele of El Salvador has taken to Twitter to express his disappointment and frustration with "legacy international news outlets" and their failure to adequately cover his country's recent repayment of an $800 million bond debt.  Bukele stated that these outlets had previously extensively predicted that El Salvador would ...

Charles Hoskinson, the founder of Cardano, agrees with attorney John Deaton in stating that he does not expect Congress to establish clear regulations for the cryptocurrency sector until 2025. John Deaton recently posted a Twitter thread stating that "the United States is being left behind," and that regulations for the ...

Policymakers in the UK are currently debating whether selling, promoting and distributing derivatives and exchange-traded notes (ETNs) linked to cryptocurrencies to retail investors should be illegal. In January 2021, the Financial Conduct Authority (FCA), the top British regulator, approved a ban on these products for retail clients. However, the Regulatory ...

As the benefits of using digital currency for transactions become more widely understood, the popularity of cryptocurrency is on the rise. The cryptocurrency sector has evolved from a niche industry for tech-savvy individuals to a mainstream choice for investments and payments. Cryptocurrencies provide a safe, decentralized, and efficient means of ...

BlockFi, the insolvent cryptocurrency lending company, has announced its plan to sell $160 million worth of loans secured by over 68,000 Bitcoin mining equipment as part of its bankruptcy process. According to two people with knowledge of the situation quoted in a report on January 24, BlockFi began the process ...