(source: en.wikipedia.org)
Bitcoin holders borrowing to finance leveraged trading retain their original investment and take on another source of exposure. Their coins continue to fluctuate, the financed position produces its own gains or losses, and the dollar loan remains payable regardless of either result. The attraction is...
SoFi Technologies is rolling out a tokenized deposit for consumers that enables SoFi Crypto members to earn interest while keeping their funds accessible when needed, the company said in a Thursday (Oct. 22) press release. Each SoFi Earn (SOFIE) tokenized deposit represents $1 held on...
The week in digital assets was dominated by regulation. The net-net of a wild week? Banks face renewed competition for customers’ cash after federal regulators left room for cryptocurrency platforms to offer stablecoin rewards, setting up a contest over returns that could affect the cost...
Kalshi and BitGo Holdings have partnered to enable some Kalshi clients to use eligible cryptocurrencies to post collateral for leveraged perpetual futures trades, Bloomberg reported Wednesday (Oct. 21). Under this collaboration, customers of Kalshi’s U.S.-registered futures commission merchant, Kalshi Prime, will be able to borrow...
Watch more: Paymentology Says AI Agents Must Earn the Right to Move Money The stablecoin industry has spent possibly too much time trying to reinvent checkout. Consumers already have a nearly universal interface for turning balances into purchases. Their cards. Merchants already accept them, networks...
More digital assets are moving into lending strategies, turning stablecoin and cryptocurrency holdings into credit exposure for investors seeking yield. The growth shows how the uses for digital assets are expanding. Stablecoins and other tokens sit in wallets, move through payments or are deployed as...
JPMorganChase is reportedly expanding its blockchain payments footprint by bringing its deposit token to Ethereum. JPM Coin will now be available to the bank’s institutional clients on the Ethereum network, JPMorgan representatives told Bloomberg News Monday (Oct. 19). Emma Landriault, global head of Kinexys Labs at JPMorgan’s blockchain...
Credit unions could find a more receptive audience for digital currencies by offering members something they already recognize: a digital wallet. That’s the opportunity outlined in “Digital Currency at the Credit Union: The Gap Between Interest and Access,” a May PYMNTS Intelligence report produced in...
Last week, cryptocurrency hardware wallet company Ledger said it was investigating a hack that drained $90 million from its devices. As Bloomberg News reported Sunday (Oct. 18), this reprsents the latest example of a vulnerability in what was once believed to be the safest tool...