Crypto Community Scoffs as SEC Chairman Gives Savings Advice for Students

ecoins this week, equating them to “poker chips at casino tables” and hinting that more crypto regulation is on its way in the United States.

Coinbase Abandons Crypto Lending Product Amid Threats From the SEC

Coinbase says it has put on hold plans to launch a relatively high-yield stablecoin savings product due to regulatory concerns.

PayPal releases new consumer app for crypto, savings and direct deposits

The app offers customers the ability to manage all PayPal-related transactions from a single dashboard. PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers.As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super app was ready for a rollout in the United States.According to a release issued on Tuesday, the new PayPal app will enable users to access all of the company’s digital financial products.The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings account via the new app.As part of the announcement, the digital payments giant revealed that customers could receive up to 0.40% annual percentage yield on their savings with the new app as part of the announcement.Customers will also be able to withdraw their earnings from the savings account to the PayPal balance to use in online shopping.Other features mentioned include bill payments, cashback and rebates, as well as direct deposits.

Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis

P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contributed to the growing market in Africa. Digital analytics firm Chainalysis reported that the cryptocurrency market in Africa has grown significantly since last year in addition to the region having a larger share of overall retail transaction volume compared to the global average.In a report released on Sept.

Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Network Payments in Mexico

Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network.

Gro Protocol Opens Up to the Public and Prepares To Establish the Gro DAO With Its Governance Token

Following the early closed beta stage that helped to test and iterate the product during its early stages of development, Gro, the leveraged yield farming and protected savings protocol, has opened up to the public.

Earn by Holding USDCoin in V2 of the BlockBank Application

BlockBank will be enabling its users to earn interest on the stablecoin USD Coin (USDC), with rates up to 60x the US national average of a traditional savings account.

Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or Fiat

An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established.

Dogecoin Millionaire Says He’s Going ‘All in’ on Cardano — Bullish on Both DOGE and ADA

The dogecoin millionaire who invested all his savings in the meme cryptocurrency early this year says he is now going “all in” on cardano, calling it the “next best bet.” He is bullish on both cryptocurrencies.

American investors inclined to buy crypto with credit card, new study reveals

Out of the 1,000 respondents, 21% plan to take on consumer debt for buying cryptocurrency while more than 20% have decided to use either their bank savings or refinancing homes.

AAX Exchange Introduces Crypto Saving Rates: Up to 20% APY

[PRESS RELEASE – Please Read Disclaimer] Asia-based cryptocurrency exchange, AAX is launching its crypto savings platform offering the highest APY to savers across the centralized crypto exchange ecosystem.

FUN Token Gets a Dedicated Savings Program at FreeBitco.in

[PRESS RELEASE – Please Read Disclaimer] July 1, 2021, was a significant day for FUN Token.

FreeBitco.in incentivizes 46 million users with new FUN token savings program

July 1, 2021, was a significant day for FUN Token.  The Binance-listed token became one of only 10 coins to be listed for Locked Savings at Binance, joining the likes of BTC, USDT, and LINK.

Personal Savings Feature Added to West African Platform Facilitating Crypto-to-Fiat Conversion

Duniapay, a digital banking platform created by three students from Burkina Faso, has added a personal savings feature to its banking application that already provides residents from some 14 West African countries with a flexible digital platform to access financial services.

Kentucky Joins Growing List of States Targeting BlockFi's Bitcoin Savings Accounts

Kentucky is the fifth state this month to question BlockFi over potential securities violations.

PayPal's crypto 'super app' set to roll out soon

Dan Schulman said the project was already "code complete" and planned to be fully ramped in the United States in the next several months. Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal president said the company planned for the wallet to be fully ramped in the United States in the next several months.The super app wallet will feature high yield savings, early access to direct deposit funds, messaging capability, “additional crypto capabilities,” and more.

Dash launches retail consumer app for shopping in stores across America

The app allows consumers to pay with Dash at over 155,000 in-store locations and 125 online retailers across the United States. Dash has announced the launch of DashDirect — a consumer app that allows users to spend the DASH cryptocurrency in stores across America.In an announcement released on Tuesday, Dash revealed that the new customer-focused app will offer up to 12% in savings on purchases by users.

Dash Rolls Out Instant Savings Retail App to Boost Adoption 

Dash has launched an instant savings retail app that will allow users to save and spend DASH across 155,000 locations in the United States.

DeFi projects face a painful dilemma right now as they seek ‘the holy grail’

Many DeFi projects face a painful dilemma: Should their protocols be designed for professional traders, or everyday consumers yet to embrace crypto in their masses? Cryptocurrencies have garnered something of a reputation as being fast, dangerous and lethal for many — so much so that the average investor is scared of digital assets.The volatility that’s associated with this new asset class has also meant that gaining exposure to the world’s biggest coins has been likened to an experience that’s not for the faint-hearted — or, in traditional investor terms, “not for the wise.”Inevitably, this will spark endless debate on whether crypto is something for everyday consumers to be scared of.

BitcoinIRA Transactions Jump 24,900% in 4 Years As Investors Flock to Crypto Retirement Savings

Financial services technology platform BitcoinIRA is seeing massive growth in transactions as investors flock to crypto for their retirement savings, according to a CNBC report.

Vermont Is Fourth State to Target BlockFi's Bitcoin Savings Accounts

Vermont joins New Jersey, Alabama and Texas in pushing against BlockFi’s interest account.

Texas Is Third State This Week to Target BlockFi's Bitcoin Savings Accounts

New Jersey and Alabama took action against BlockFi earlier this week, alleging securities laws violations.

Alabama Regulators Suggest BlockFi's Bitcoin Accounts Are Unregistered Securities

The Alabama Securities Commission has issued BlockFi with a show-cause notice, demanding the crypto company explain why its Bitcoin savings accounts are not unregistered securities.

ROSA Finance Builds The First Decentralized Pension Fund

Disclaimer: The text below is a press release that was not written by Cryptonews.com. ROSA FINANCE is making use of public blockchain technologies to build up a retirement and savings solution focused on transparency, security, self-custody, and decentralization. Intermediaries have plagued the existing financial system for years.

German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan

German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs).

Kenyan electoral commission nominee clamors for blockchain voting

One electoral commission aspirant in Kenya has said the country should consider adopting blockchain-based voting. Justus Abonyo, former chair of Kenya’s Social Democratic Party, and current candidate for commissioner of the country’s Independent Electoral and Boundaries Commission (IEBC), has called for the adoption of blockchain voting.According to a report by Kenyan news outlet The Star, Abonyo made this appeal known while appearing before the selection committee overseeing the appointment of IEBC commissioners at the Kenyatta International Convention Centre on Thursday.Detailing his support for blockchain voting adoption, Abonyo said such a move would have significant cost savings benefits of up to 300%, stating:“The cost of a ballot in Kenya ranges between US$ 7-US$ 25 (Sh700-Sh2,500).

Digital ETP issuer 21Shares Cooperates with German Bank Comdirect to Provide Crypto ETPs to Savings Accounts

21Shares, a well-known cryptocurrency ETP issuer, announced a partnership with the German online financial services bank Comdirect to diversify more options by providing cryptocurrency ETPs to their customer savings accounts.

21Shares Partnered with Comdirect to Offer Cryptocurrency ETPs for Saving Accounts

21Shares and Comdirect joined forces to allow clients to add bitcoin and other cryptocurrencies to their savings accounts.

21Shares partners with German brokerage to offer crypto ETPs for savings accounts

“We are very excited to offer German clients who wish to add Bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to comdirect,” said Hany Rashwan, CEO of 21Shares.

DeFi for Dummies: Donut Offers Crypto Newbies 4% Yields

Donut might be the most mainstream DeFi app attempt yet, offering 4% yields to customers on what feels like a conventional savings app.

BlockFi starts shipping Visa-backed Bitcoin rewards credit cards

Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today.

Coinbase Launches High Yield USDC Accounts With 4% APY

Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin.

Coinbase will pay users 4% interest on USDC holdings

The announced yields represent the exchange increasing interest for USDC holders by more than 2,500% since it was lowered significantly last June. Major cryptocurrency exchange Coinbase has announced users will be able to earn 4% interest on USD Coin through a product the company compared to an alternative to a fiat savings account.In a Tuesday blog post, Coinbase said its users could earn 4% annual percentage yield, or APY, by lending out their holdings for the US dollar-pegged stablecoin USD Coin (USDC).

Coinbase Jumps into High-Yield Crypto Game with 4% Interest on USDC

Coinbase is joining the likes of BlockFi in offering high-interest savings rates that far outstrip traditional banks.

Retire early with crypto? Playing with FIRE

Finance blogger The FI Explorer didnt invest in cryptocurrency in order to retire early but unlike many of the newly minted crypto rich, he did set out to retire early.The FI Explorer, also known as Jason, is part of the FIRE community financial independence, retire early where adherents save up to 80% of their income throughout their 20s and 30s in order to either retire early or simply follow their passions.For most of his 20-year journey toward his FIRE target of $1.64 million (USD) which was chosen to produce $65,000 in annual income for the rest of his life Jason directed his savings toward sensible investments, like exchange-traded funds, shares and gold.

Crypto Savings Rates Are 10X Greater Than High Street, But Is It For You?

Matthew Shillito, Lecturer in Law, University of Liverpool. ____ Leading crypto banks such as BlockFi and Nexo are attracting a lot of attention.

Better, faster, cheaper: How DeFi will kill the retail bank

The battle for global consumer deposits is going to be the fight of the century.

Mimo Protocol Lists Parallel Token and Its Governance Token on Bittrex Global

June 23, 2021 – Singapore, Singapore Euro-pegged stablecoin, the PAR token, aims to provide loans and savings through access to DeFi.

China's Central Bank Cracks Down On Crypto Trading

Source: iStock/杨培培 Today, the People’s Bank of China said that major banks and payment institutions promised they will not engage in crypto-related activities following a meeting with the market regulator. The central bank said it summoned several major financial players, such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Postal Savings

How a British Teacher Lost £120K in a Bitcoin Scam on Instagram

A 63-year-old British woman parted with her pension pot and life savings due to a fraudulent Bitcoin investment scheme.

More Brits bought crypto than shares last year new survey suggests

More than 70% of UK crypto investors surveyed reported a profit. A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments.UK investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year, compared to 5% who invested in stocks and shares ISAs (individual savings accounts).

Stellar’s Lisa Nestor: Crypto Wallets Anywhere In The World Can Now Have Savings Accounts (Interview)

Stellar's Senior Strategists of Ecosystems speaks with CryptoPotato about the project's latest products, regulatory concerns, the 2021 bull market, and more.

Stellar Network To Power New Savings API Launched By Wyre

Stellar Development Foundation (SDF) CEO, Denelle Dixon, celebrated the result of a partnership with the payment infrastructure Wyre.

Australian Nurse Lost Her Life Savings In A Cryptocurrency Scam

A cryptocurrency fraudulent scheme in Australia stole the entire life savings of a local rezident.

Crypto Savings Platform Ledn Raises $30 Million in Latest Funding Round

Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round.

ICYMI: Bitcoin’s Real Potential in a World We Can’t Afford

Bitcoin is reviving the potential for real savings.

US FDIC seeks insight on banks’ role in cryptocurrency markets

The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market. The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks' cryptocurrency-related activities.The FDIC is the major provider of deposit insurance to US commercial and savings banks, originally created to address bank runs during the Great Depression. On Monday, the FDIC officially announced a request for public input to get more information on the industry and consumers’ interests in the market as well as the role of banks in the digital asset ecosystem.

Lesson Learned: Teacher Loses Life Savings To Elon Musk Bitcoin Scam

Bitcoin, Ethereum, Dogecoin, and other crypto assets are making headlines all across mainstream finance for making people rich left and right.

Griff Green: Doge-loving hippy hacker steals crypto before bad guys can

The organizer of The Robin Hood Group which once stole 10% of all circulating ETH from under a black hat hackers nose wants to change the way we think about charity.A former chemical engineer, Griff Green, 36, traded in his savings for precious metals, which he used to travel the world for years before settling as a Bitcoin missionary in Ecuador.

Winklevoss-led Gemini Launches Dogecoin Savings Program

While Dogecoin’s market crashes, will 2.25% convince investors to HODL?

mStable launches on Polygon, hopes to attract defi users 'priced out' of ETH

mStable has launched its savings account, stablecoin, and swap services on Polygon to reduce fees. Defi-yield protocol mStable has become the latest to embrace second-layer scaling solutions, announcing its deployment on Polygon (formerly known as Matic) today.  mStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins,” and asset swapping features are now live on Polygon, offering its users reduced fees when compared to its Ethereum mainnet deployment. 1/ mStable has launched on Polygon @mstable_ offers @0xPolygon users another source of USD and BTC liquidity, a DeFi-native savings account and two risk minimised meta-stablecoins.Get started: https://t.co/aLx10WWwENLearn more / Guide: https://t.co/e5G36VBJip— mStable (@mstable_) April 26, 2021 Polygon is a layer-two network that processes transactions on its sidechain before bundling them together into the next block produced by the Ethereum mainnet. In an April 27 announcement, mStable emphasized the barrier posed by Ethereum’s recent gas fee crisis to the DeFi sector’s mission to democratize finance: “With savings rates at near zero in traditional finance, there exists an enormous latent demand for a secure, dependable and high yielding savings account.

Dogecoin Investor Becomes Millionaire in 2 Months, Inspired by Elon Musk

A dogecoin investor has shared his story of how he became a crypto millionaire in a little over two months after learning about the meme cryptocurrency and pouring all his savings into it.

Poor infrastructure stops farmers taking advantage of blockchain

While the agricultural sector is among the industries standing to benefit the most from blockchain tech, poor access to infrastructure has been holding the industry back. While the agricultural industry stands to reap enormous efficiency savings through the adoption of distributed ledger technologies, many farmers lack the digital infrastructure to support the integration of blockchain solutions. Speaking as part of Australian Blockchain Week on April 21, Bridie Ohlsson, the CEO of digital agricultural infrastructure provider Geora, discussed the challenges associated with fostering DLT adoption within primary industries. “In ag tech, it's been a problem of not having enough infrastructure, not there not being a use case,” she said.

CEX.IO Launches Crypto Savings Account Service With up to 20% APY

[PRESS RELEASE – Please Read Disclaimer] CEX.IO, a leading international cryptocurrency exchange, launches its Savings service as the newest solution in the fast-growing Earn ecosystem.

CEX.IO launches crypto-savings account service with up to 20% APY

CEX.IO, a leading international cryptocurrency exchange, has launched its Savings service as the newest solution in the fast-growing Earn ecosystem.

Man Loses Life Savings to Phony Bitcoin iOS App- Over a Million Dollars in BTC Drained

Just recently, an individual lost all of his life savings in a matter of no time after he downloaded a malicious and phony Trezor application onto his iOS smartphone from Apple’s App Store.

Bogus Trezor iOS App Snares Investor’s USD 1M Bitcoin Savings

A bitcoin (BTC) investor who says he lost over BTC 17 (USD 0.99m) to scammers has hit out at Apple for hosting a fake app on its store that allowed criminals to make off with his “life savings.” Speaking to the Washington Post, the investor, a Trezor wallet user named Phillipe Christodoulou, explained how he had wanted to use a Trezor app to check his BTC balance.

iPhone user blames Apple for $600K Bitcoin theft via fake app

Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later. A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday. Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone.

MicroStrategy’s Michael Saylor: Billions will choose Bitcoin for life savings

After a 24-hour low of $45,201 in the price, Bitcoin recently endured a major pullback.

1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO. Bitcoin (BTC) will be the savings method of choice for one billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicts. In an interview with CNBC on Feb.

Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets

The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well.

Chinese bank tests biometric hardware wallet for digital yuan payments

Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency. China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency. According to news agency Xinhua, the Postal Savings Bank of China has created a biometric hardware wallet for the project. The biometric hardware wallet enables easy identity verification for users via fingerprint sensors on the card. Consumers participating in the CBDC trials in Beijing are also able to use the card to access healthcare services. Indeed, the Postal Savings Bank of China said the hardware wallet, which is still in the testing stage, was designed to provide easier access to the CBDC and healthcare services for the elderly without needing to use smartphones, adding: “With this card, it is much more convenient to enter and exit public places, and you can pay with just one touch.

BlockFi, Celsius, Nexo: What is The Best Crypto Savings Account?

Crypto savings accounts let you earn interest on your cryptocurrency, just like a regular bank account.

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

Canadian Crypto Lender Ledn Raises $2.7M for Emerging Markets Expansion

After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.

EU politician reveals her conversion to crypto — Eva Kaili

"Lots of my friends lost their savings because banks suddenly shut down and nobody would guarantee their life savings.

Winklevoss-led Gemini Launches High Yield Crypto Accounts

Gemini's new Earn service works kinda like a savings account for crypto.

Virginia tech firm offers staff option to get paid in Bitcoin, Ether

The company will allow employees to defer a portion of their salary and receive it as part of a savings plan, denominated in either Bitcoin, Bitcoin Cash or Ether. Sequoia Holdings — a software development services provider, not to be confused with the well-known venture capital firm Sequoia Capital — is offering its staff the option to set aside a portion of their salary and invest it in cryptocurrency. Sequoia Holdings is based in Reston, Virginia and provides engineering and analytic solutions to the United States national security sector, including the US intelligence, defense and homeland security departments.

State-owned Chinese bank rolls out ATMs for digital yuan

The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.

Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities

The top banking regulator in the US has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities.

Russia's Central Bank tries to stem the tide of rubles leaving bank accounts

With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble. Beginning investors in Russia will soon find themselves with fewer options to beat plummeting interest rates offered at Russian savings accounts.

Crypto user who lost $50,000 in LINK receives $11,000 donation in tokens

Jesse Johnson, co-founder of Aavegotchi smart contract on the Ethereum blockchain shared an update today with regard to an incident in which a crypto user lost his entire on-chain life savings in LINK The post Crypto user who lost $50,000 in LINK receives $11,000 donation in tokens appeared first on AMBCrypto.

A Crypto User Sent $50,000 to a Smart Contract. It's Gone Forever

Developers at Pixelcraft Studios have set up a special donation wallet to help a user who erroneously sent them all his life savings.

Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings

The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time.

Google Enters Digital Banking Era With Launch of New ‘Plex’ Service

Google is teaming up with Citi to roll out the new Plex service, which offers online checking and savings accounts housed within Google Pay’s newly revamped digital wallet platform.

Discover a Way to Earn €8K a Month on Your Bitcoin and Savings

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Photo: Adobe Stock / Andrey Burmakin ArbiSmart.com is a regulated, crypto arbitrage investment platform which is generating an insane amount of buzz in the crypto space right now.

DeFi project Akropolis hacked for $2 million in DAI tokens

Akropolis has reportedly come under attack, with hackers draining the DeFi protocol’s savings pool to the tune of $2 million in DAI stablecoin.

Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the US dollar.

Economy minister says Brazil will have its own CBDC

Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of its central bank. Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC. Guedes made the statement on Thursday during a ceremony celebrating the 100 millionth digital savings account opened at Caixa Economica Federal: "Now that the central bank is autonomous again, it’s also amazing in the digital dimension: Pix, OpenBank, fintechs and digital currency.

BBC Radio Scotland Show Goes Bullish on Bitcoin (and Whiskey)

Source: Adobe/goodman_ekim The UK may be preparing for a second countrywide lockdown, but the national broadcaster has a suggestion for those marooned at home wondering what to do with their dwindling cash savings. In an article on the BBC website created by BBC Radio Scotland’s Clever about Cash program, authors put forward “five alternatives to keeping your savings in the bank.” And

Indian crypto industry expanding, regulators seem reluctant to engage

As Cashaa launches crypto banking services in India, the cryptocurrency industry continues to grow despite uncertain regulations. The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year.  Considering that India is largely a savings-driven economy, Unicas will also offer crypto saving accounts that pay interest on deposited crypto.

The Next Chapter in Yield Farming: Ethereum 2.0 and Sustainability

Chyna Qu. Chyna Qu is the Co-Founder and Chief Operating Officer of DeFiner, a decentralized finance network for crypto savings, loans, and payments. _____ Yield farming has evolved as a mainstream DeFi (decentralized finance) practice, involving investors, or liquidity providers, putting cryptoassets to work across the many DeFi applications.

Bitcoin is the best treasury reserve asset humanity’s ever had

You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin. At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors.

Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes

PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.

Cryptocurrencies rank as popular investment asset in Russia

New research about Russia’s retail investment market indicates a prevalence of investment in cryptocurrencies and has ranked crypto as the fifth most popular investment asset, after savings accounts The post Cryptocurrencies rank as popular investment asset in Russia appeared first on AMBCrypto.

Hope Leads To Bitcoin, New NEO, Luno Launches Savings Wallet + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news MicroStrategy, an American software company that used its balance sheet to buy USD 425m worth of bitcoin (BTC), has redirected the hope.com domain to educational material about bitcoin, as was announced by

Luno Exchange Launches Interest-Earning Bitcoin Wallet

Users of Luno's new bitcoin "savings wallet" can earn up to 4% interest per year, the exchange said.

Crypto banks are going to swallow fiat banks in 3 years — or even less

In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto. Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets.

British fintech to expand banking services to Indian crypto customers

London-based banking company Cashaa will launch a crypto-friendly neo-bank in India The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India.  Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just like any other financial instrument. “For lending, we will be adding crypto assets class together with gold and real estate as collateral,” he said. Gaurav explained the need for a crypto-friendly bank in India, saying that most Indian banks are reluctant to provide banking services to the crypto users.

IBM Expands on Thailand's Blockchain Solution for Government Bonds

The solution to government issued savings bonds is part of a wider blockchain trend in the country.

IBM and Bank of Thailand Launch World’s First Government Savings Bond on Blockchain

The Bank of Thailand, the nation's central bank, has issued $1.6 billion worth of government savings bonds on the world's first blockchain-based platform on IBM Cloud.

Thai central bank issues $1.6B in government bonds on IBM blockchain

The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement on Oct.

Startup Backed by Uber Co-Founder Poaches CoinList President Andy Bromberg

CoinList co-founder Andy Bromberg is leaving the token sale platform to helm Eco, a cryptocurrency built to marry savings and spending in one.

Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account

Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator

The US Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country.

Two US Regulators Have Good News For Stablecoins

After several years of operating in a regulatory grey area, US national banks and federal savings associations are now officially permitted to engage with fiat-backed stablecoins, the Office of the Comptroller of the Currency (OCC) has clarified.

South Australian food and wine tracing platform teams up with Hedera

The Australian government-backed supply chain traceability platform Entrust is launching on Hedera Hashgraph. The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second. South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and dairy manufacturing industries from counterfeit fraud in the global markets, and driving efficiency savings across agricultural sectors. Entrust is a software-as-a-service platform that tracks the movement of primary products (such as wine grapes) across the local agricultural supply chain, as well as the supply chain of the secondary manufactured products (in this case, the wine itself.) Geolocation, time-stamping, and other key data is immutably recorded to Hedera Hashgraph, and is accessible via web browser or mobile application. The beta platform is currently being trialed by more than a dozen companies based in South Australia’s Clare Valley wine region, and is tracking the movement of more than 250,000 liters of wine.

Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight

The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.

US SEC, OCC issue first regulatory guidance for stablecoins 

US Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for US national banks and federal savings associations to h The post US SEC, OCC issue first regulatory guidance for stablecoins  appeared first on AMBCrypto.

US Banks Can Hold Reserves for Stablecoins: Treasury Office

The US Office of the Comptroller of the Currency (OCC) has given the green light for national banks and federal savings associations to hold reserves for stablecoin issuers.