Coinchange’s High Yield Account which is scheduled for launch on July 30 will enable users to lock their USDC and receive an annual percentage yield of up to 25%.Coinchange has announced zero-fee crypto trading coupled with a new High Yield Account which will provide all users with up to 25% annual return on their USDC balances. The press release from the digital asset platform revealed that both existing and new customers can already enjoy the benefits of 0% fees on all deposits to the...
Read More »Leading Smart Product Retailer Wellbots Now Accepting Bitcoin Payments
Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies. Wellbots Now Accepts BTC Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its smart products. Before this time, the online store only accepts traditional payment...
Read More »Grayscale Large Cap Fund Becomes SEC-Reporting Firm
The new development means that the fund is now required to file the 10-Qs and 10-Ks reports on a quarterly and annual basis, respectively.Digital assets manager Grayscale has announced that its Large Cap Fund is now an SEC reporting firm. The company had in May filed for the United States Securities and Exchange Commission’s approval of the fund. The Large Cap Fund includes six major cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Ethereum (ETH),...
Read More »Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem
[PRESS RELEASE – London, United Kingdom, 12th July 2021] Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of the company’s $10-million Series A funding round. Nexo aims to not only provide necessary funding but also to help Yield’s efforts to...
Read More »Grayscale’s Digital Large Cap Fund Becomes an SEC-Reporting Product
After the Bitcoin and Ethereum Trusts, Grayscale’s Digital Large Cap Fund has also filed and been approved to become an SEC-reporting product. Additionally, the largest digital asset manager has filed three more Registration Statements with the Commission. Grayscale Investments, the large cryptocurrency asset manager, filed a Registration Statement on Form 10 with the Securities and Exchange Commission earlier this year. The company announced on July 12th that the application...
Read More »ChainSwap Exploited: Projects Using The Bridge Protocol Crashed 99%
ChainSwap, a cross-chain asset bridge and application smart chain, has become the latest victim of the increasingly worrying exploits happening in the DeFi ecosystem that has caused the sector to lose hundreds of millions of dollars since the start of the year. What is ChainSwap? As a hub for smart chains, the ChainSwap protocol acts as a defi bridge for projects and users to seamlessly move assets between different blockchains like Ethereum (ERC20), Binance Smart Chain...
Read More »Ethereum’s London Hard Fork: What You Need To Know and What to Expect
Containing numerous Ethereum Improvement Proposals (EIPs), including the vital 1559 and 3554, it’s worth exploring the key features of the upcoming London hard fork and how it could change the Ethereum network. Although it was initially scheduled to take place in July, a more recent statement from an Ethereum developer asserted that the London hard fork will occur on August 4th, 2021. Why Does the Ethereum Blockchain Need Improvements? Launched in 2015, the Ethereum network’s...
Read More »UBS Bank warnt Kunden vor Bitcoin-Blase
Ein Foto aus dem Jahr 1912 vom Gebäude des Schweizer Bankvereins an der Bahnhofstrasse 44 (Heute UBS AG). Foto: Gemeinfrei / Public Domain Der Bankkonzern UBS hat eine Warnung vor der Bitcoin-Blase ausgesprochen. Die UBS Bank warnt vor einem Platzen der Blase und sieht vor allem zunehmende Regulierungsmassnahmen als treibenden Faktor. Auch andere Konzerne schliessen sich der...
Read More »Sygnum first Bank to offer Ethereum 2.0 staking
Sygnum first Bank to offer Ethereum 2.0 staking Sygnum Bank announces today that it is the first bank to offer Ethereum 2.0 staking. Clients can conveniently and securely stake Ethereum[1] through Sygnum’s institutional-grade banking platform and generate a yield of up to 7 percent per annum currently. As a pioneer in bringing innovative digital asset products to the regulated space, Sygnum is continually expanding its offering of...
Read More »Goldman Sachs: Ethereum Is Beating BTC
As bitcoin continues to tank hard, Ethereum just keeps picking up steam. There are many financial analysts out there that seem to think the world’s second largest cryptocurrency by market cap will soon rise to the occasion and potentially overtake the entire space. Ethereum Is Moving Up the Ladder Bitcoin has fallen – once again – to about $32,000 per unit, meaning it is now trading for half its mid-April value. The currency has undergone one of its biggest corrections...
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