There are 2 fundamental models to Cryptocurrency Lending, non-custodial and...
There are 2 fundamental models to Cryptocurrency Lending, non-custodial and custodial. The vast majority of Cryptocurrency Lending options are custodial, …Read More
At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won’t be extended lockdowns in the future as they looked into the prospects of having a cure for the COVID-19 pandemic. The Vaccine Bells Those possibilities arose from Pfizer and its partner drugmaker BioNTech. On Monday, the firms revealed that they had obtained a major breakthrough in the COVID-19 vaccine trials, noting it was more than 90 percent effective. Shortly after the claim, the global stock market experienced a frenzied rally. Equities that had lost a lot this year because of lockdowns suddenly rebounded from their record lows. Meanwhile, the so-called “pandemic winners” — tech stocks — plunged heavily. The excitement around the vaccine news was obvious. Its presence meant heave..Read More
Last week, the long-running competitor of the Bitcoin payment network turned into one of its largest integrators. Ladies and gentlemen of the crypto-verse, please welcome PayPal, a $240-billion global payments giant. With a history of firing nasty comments at Bitcoin, the Wall Street mammoth, ranging anywhere from “bubble” to “financial scam,” appeared with candies in its hands this time. In an announcement Wednesday, PayPal said that it would soon offer its US-based customers the ability to store, purchase, sell, and even spend Bitcoin and a few other altcoins. In short, GOOD NEWS for an industry that was itching to gain global exposure. Perhaps, that is among the only remaining pros of a PayPal-Bitcoin combo: adoption. PayPal currently has 286 million active users. It’s practically the 21st largest bank in the world, albeit not being a banking service. For Bitcoin enthusiasts, PayPal is a perfect shortcut to global adoption. Traders have already assessed the event as a cheerful ..Read More