Such Borrow, Many Loan: Crypto Lender SALT Now Takes Dogecoin as Collateral

Cryptocurrency investors have another way to access capital without having to liquidate their portfolios. SALT Lending, which has issued more than $50 million in blockchain-backed loans, is capitalizing on the liquidity in dogecoin and has begun offering loans in USD collateralized by longtime crypto darling DOGE. Dogecoin’s profile has been on the rise in recent

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Resurrection? SEC to Begin Reviewing 9 Rejected Bitcoin ETFs

The Securities and Exchange Commission (SEC) has set a late October deadline to begin reviewing proposed rule changes that would allow several regulated exchange operators to list bitcoin ETF products on their trading platforms. In a series of documents published yesterday, on Oct. 4, the SEC revealed that it is set to begin reviewing bitcoin

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How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market

Binance, the world’s largest crypto exchange by daily trading volume, is set to launch a beta version of its decentralized exchange (DEX) by early 2019. Changpeng Zhao, the CEO of Binance better known to the community as CZ, said on Saturday: “Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be

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How Regulated Crypto Bank Operated by UBS Bankers May be as Important as ETF

This week, former Swiss multinational investment bank UBS executives raised $104 million to launch the first regulated crypto bank. The launch of a fully regulated and licensed cryptocurrency-focused bank could be as important as a Bitcoin exchange-traded fund (ETF). ETF Vs Bank Over the past nine months, despite the 80 percent correction of the crypto

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This Off-Grid, Solar-Powered System Sends Crypto Through Radio Waves

To many, cryptocurrency is a way of securing financial independence from banks and governments. Those interested in going off-grid, distancing themselves from authority, and even “preppers” who believe that major catastrophe is coming any day share many of the values of hardcore crypto advocates. One point of contention is blockchain’s reliance on the power grid

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Major Retail Saudi Bank Joins Ripple Network for International Payments

The National Commercial Bank, Saudi Arabia’s first established bank, has become the latest financial institution to join RippleNet, Ripple’s enterprise blockchain network. A massive market for international remittances due to its sizable migrant worker population, the Kingdom of Saudi Arabia (KSA) has already seen its central bank pilot Ripple’s technology for instant international payments. With

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Australia’s ASIC Reaffirms Crypto Protection Stance Without Stifling Innovation

The main Australian financial regulator has just published its 2018 to 2022 corporate plan. In the document, the Australian Securities and Investments Commission (ASIC) states that it will keep a watchful eye on cryptocurrency and will regulate it to minimise harm whilst preserving the innovative potential of the space. ASIC’s Focus on Harm Reduction Consistent

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Ethereum Down to $200 As Investor Confidence Crisis Looms

The Ethereum bearish market hasn’t come to an end yet. The month of September has been particularly hard on the cryptocurrency as it quickly lost the $300 handle earlier this month, and is already threatening to consistently dive below the $200 area. Mike McGlone, a commodity strategist at Bloomberg Intelligence, said Ether may fall further

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Suspect Behind CryptoPay Mail Bomb Stands Trial in Sweden

A  man suspected of being behind a mail bomb sent to digital currency firm CryptoPay is facing trial today. In addition to attempted murder, Michael Salonen also stands accused of sending threatening letters to Swedish politicians. Salonen Allegedly Targeted CryptoPay with a Mail Bomb and Sent Death Threat to MPs Michael Salonen’s trial will begin

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