Coinbase has provided a service that allows its customers to take out loans using Bitcoin (BTC) as collateral. The service starts working this Wednesday (3), as announced on the company’s blog. For now, the novelty will be implemented in 20 states in the United States.
Jane Fraser, CEO of Citigroup, recently indicated in an interview that the traditional financial system has a place for cryptocurrencies, so it could benefit from certain technological and financial benefits associated with these assets. This was stated by Fraser during an interview conducted by Yahoo!
Investor Kevin O’Leary, known for being a star on the business TV show Shark Tank where he is called “Mr. Wonderful,” supports the idea that Ethereum’s recent EIP-1559 update may make Ethereum, the second largest cryptocurrency in the world, in “ultra solid currency”. In a
The government of China will distribute around $3 million (¥20 million) in another test of the digital yuan that will take place in the cities of Shanghai and Suzhou between the 16th and 29th of this month. This time, the institution will draw 500,000 red
China’s Foreign Minister Zhao Lijian urged US senators to “respect the spirit of the Olympic Charter” and stop distrusting the Chinese central bank’s (CBDC) digital currency. According to Lijian, the US has several internal issues related to security and monitoring of people that it needs
The leading global financial institutions have released a report calling on central banks to work together to achieve “interoperability” between their digital currencies. The document, published on Friday (9), was prepared by the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and the
A survey made by Mastercard, the global credit cards giant, revealed that four out of ten people (40%) intend to use cryptocurrencies for payments in the future. The survey entitled “Consumer appetite for digital payments takes off” was published on Tuesday (4). For the survey,
Lebanese-American financial markets guru Nassim Taleb returned to attack Bitcoin on Twitter on late Wednesday (14) by writing the following: “Bitcoin has failed to be a currency,open-Ponzi speculative game.” Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi (Image: Atlas Geographica) WHAT
Miami Mayor Francis Suarez has the ambition to transform the city into a bitcoin (BTC) and other cryptocurrencies mining center using clean energy. The politician was interviewed by journalist Laura Shin, presenter of the Unchained Podcast this past Sunday (28). According to him, cryptocurrencies are
Jerome Powell, president of the United States Federal Reserve (Fed), demonstrated that he is fulfilling his promise made this month on the digital dollar. In early March, Powell declared that the digital dollar would be the entity’s priority for 2021. On Monday, the Fed and