Author: Nathan DiCamillo

China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs – CoinDesk

CoinDesk

China’s President Xi Jinping told G20 meeting attendees this week that the group of the world’s largest developed economies should be open to central bank digital currencies (CBDCs) when developing standards for them. In a wide-ranging speech that addressed the Read More

Coinbase Has Raked in $14B in New Institutional Assets Since April – CoinDesk

CoinDesk

Coinbase has seen a $14 billion increase in institutional assets under custody since April, its head of institutional coverage at Coinbase said in a YouTube interview published on Friday. Brett Tejpaul told interviewer Eliisabetta Bartolini, partner at Heidrick & Struggles, Read More

Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

CoinDesk

In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds. Go to Source Author: Nathan DiCamillo Recommended Crypto Services, Products and Strategies: The first thing any crypto investor Read More

Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud

CoinDesk

In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.” Go to Source Author: Nathan DiCamillo Recommended Crypto Services, Products and Strategies: The Read More

PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers – CoinDesk

CoinDesk

PayPal’s cryptocurrency service is going to expand rapidly in 2021, executives said on the payments giant’s third-quarter earnings call Monday evening. That includes crypto services coming to Venmo and international customers in the first half of 2021, PayPal CEO Dan Read More

Crypto Lender Celsius Taps Horizen for ‘Proof-of-Reserves’ Proof of Concept – CoinDesk

CoinDesk

Crypto lender Celsius is producing a series of experiments over the next few months that would test what it would look like for the company to decentralize some of its operations.  The centralized finance (CeFi) stalwart is working with Horizen, Read More

Why Wyoming’s Governor Supports the State’s Crypto Banking Law – CoinDesk

CoinDesk

It took two years of infrastructure building but on Sept. 16 the Wyoming Division of Banking finally landed a prominent pioneer. That’s when Kraken Financial became the first entity to receive a special purpose depository institution (SPDI) charter in the Read More

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets – CoinDesk

CoinDesk

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin (BTC) and other non-Ethereum assets. The product, called Harvest and built on the Kava blockchain, allows users to stake their crypto so it can be Read More

California Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts – CoinDesk

CoinDesk

The California Energy Commission, the state’s primary energy policy and planning agency, is funding an experimental market for carbon-credit trading on a public blockchain.  Under a plan announced Friday, digital tokens will be awarded to participating businesses that cut their Read More

Genesis’ Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans – CoinDesk

CoinDesk

Genesis Capital’s lending portfolio rapidly recovered in the second quarter after a sharp decline that resulted from the mid-March bitcoin sell-off.  The cryptocurrency lender’s book of active trading loans increased 118% from the end of the first quarter to $1.4 Read More

Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining – CoinDesk

CoinDesk

Unidentified attackers exploited a Ravencoin vulnerability to mint extra RVN “beyond the coinbase of 5000 RVN per block,” Ravencoin lead developer Tron Black wrote in a Medium post on Thursday. According to Black, members of Ravencoin’s CryptoScope team, who developed Read More

Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020 – CoinDesk

CoinDesk

Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Read More