US-based crypto and blockchain firm Ripple has introduced a new credit service for its clients, called the on-demand liquidity (ODL) service. The company hopes to help companies grow. According to Ripple, "This is our first time testing a product offering in the lending space...We may decide to build
A key developer of Yearn Finance, Andre Cronje, has disappeared from social media after having his life threatened on numerous occasions. According to Cronje's Twitter account, “As I am receiving a fair amount of threats, I have asked yearn treasury to assist with refunding the 8m the hacker
Fast growing FinTech firm Revolut has decided to work with network and crypto security firm Fireblocks on new crypto tools for its more than 13 million users. The companies are working to create deeper crypto tools for Revolut's already successful platform. According to Revolut, “Moving to Fireblocks’ wallet
De Nederlandsche Bank NV (DNB), which is the central bank for the Netherlands, has granted AMDAX BV the right to do business in the Netherlands. AMDAX BV offers crypto services to both individuals and companies. The company stated that, “AMDAX B.V. has been registered by De Nederlandsche Bank (DNB)
International auction house Christie's has auctioned off its first NFT-linked artwork, called “Block 21”. The piece, which is an abstract portrait of Satoshi Nakamoto, was sold for $131,250. The artwork is comprised of both a physical object, as well as a NFT. In addition to being the
The chairman of the US Commodities Futures Trading Commission (CFTC) has spoken out about his desire for the USA to lead the world in blockchain technology, and also how his agency has worked to integrate staff that have experience with blockchain and crypto technology. He stated on a podcast that,
Many altcoins have been falling recently and one analyst thinks that Chainlink (LINK) could fall further before it finds meaningful support. Chainlink traded over the $15 mark over the summer, but at the time of writing it has fallen to $8.60. TraderSZ was cited as telling his Twitter followers
The cost to hold short Bitcoin positions has risen, and some market participants think that this could lead to a short squeeze. Negative funding rates make short positions expensive to hold, and there are many people in the market who have shorted Bitcoin. With few long speculative positions, there is
Uphold, a crypto wallet and trading app that was founded in 2013, has added US equities to the products that its users can trade. While Uphold's trading services aren't permitted in the USA, this new feature can be used by people in nearly 200 other places
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Cryptos have been falling over the last week, with the overall average token price falling by 2.9%. DeFi tokens have been hit hard by comparison, with DeFi tokens falling by nearly 23.4% in the same time frame. Many of the DeFi tokens that saw huge price increases this
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According to Messari, a cryptocurrency research platform, MakerDAO is creating $27 million USD per year for its active token holders. The research firm says that this is by far the highest rate for any DeFi project in the marketplace, and is 19x forward increase in earnings. The research firm cautioned
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BMW Korea, the South Korean subsidiary of the German car maker, is creating a blockchain-based rewards platform called “BMW Vantage”. The automaker plans to use the platform in South Korea before rolling it out on an international scale if it is popular in the upscale Asian market. The purchase of
Neo has come under fire for being a copy of Ethereum. The platform was designed to be a competitor for other blockchain platforms, including Ethereum. However, many in the Western world have decried it as an example of Chinese piracy. A recently launched product, called Flamingo, has been especially controversial,
Ripple is contemplating a move from the USA to Singapore. Company executive Chris Larsen has warned that what he views as excessive regulations in the US are an impediment to the company's development. He thinks that the US Securities and Exchange Commission (SEC) has taken harsh attitude toward
DeFi is a vibrant community of enthusiasts that will make a word of financial services better. It's still in the beginning of its development, and many possible investors are frightened by the stories when some DeFi participants lose much money while investing into native tokens of the DeFi
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