Tag: finance

Malaysian deputy finance minister responds to proposal to legalize Bitcoin

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An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister. Malaysia has no plans to recognize BTC as legal tender, deputy finance minister Mohd Shahar Abdullah said in a parliamentary meeting on Thursday, according to a Bloomberg report. “Cryptocurrencies like Bitcoin are not suitable for use as a payment instrument due to various limitations,” Mohd Shahar declared, citing risks like volatility and potential cyber threats. Instead of adopting…

Stargate Finance attracts $1.9B in six days

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Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching. Stargate markets itself as a liquidity transport protocol that allows users to transact native assets cross-chain, offering decentralized finance (DeFi) users the option of staking stablecoins in pools where they are paid out in the native Stargate token (STG). The rapidly growing TVL is probably down to the “up to 26% APY” being offered farming stablecoin deposits. By…

With Finance Bill Vote, India Continues to Reckon With the Growing Crypto Industry; Bitcoin, Ether Tread Water

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The largest cryptocurrency by market cap was recently holding above $42,400, roughly where it perched 24 hours ago. Ether, the second-largest crypto by market cap, was about as flat over the same period. Cardano’s ADA and Axie Infinity’s AXS were the stars of the day, each rising about 10%, respectively. Popular meme coins DOGE and SHIB were solidly in the green, as was SAND. Original

The Future of Mining Finance: Time to Get Creative

The main reason investors put their money into public crypto mining equities is because they act as a proxy for investing in bitcoin, given that many institutional investors remain hesitant to invest directly in cryptocurrencies due to regulatory concerns. Theoretically, by investing in mining equities that hold onto their mined bitcoin, investors are gaining a way to profit on the mined currency at a lower cost than its market price, while owning a real business. At the same time, shares of the public miners are easy for these traditional investors…

Paradigm Invests $8.8M in DeFi’s Ribbon Finance

“[Ribbon] is a simple way for users to earn high yield on bitcoin, ether and USDC,” co-founder and CEO Julian Koh told CoinDesk in an interview. “We help users create exposure to expert, complicated financial strategies under the hood, but we make that experience really easy for users.” Source

Struct Finance Completes $3.9 Million Seed Round To Develop DeFi-oriented Structured Products

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The world of structured products is set to undergo tremendous changes. Decentralizing these investment vehicles introduces modularity that would otherwise remain inaccessible. Struct Finance has secured $3.9 million in seed funding to usher in the era of decentralized structured products. Takes A Different Approach It is no secret that decentralized finance remains one of the most appealing concepts of blockchain and cryptocurrency today. The industry has grown from small beginnings and now represents over $220 billion in Total Value Locked. Users are drawn to these protocols, products, and services in…

CARDANO HODLERS.. I CAN’T BELIEVE THIS IS HAPPENING (ETHEREUM & BITCOIN) RUSSIA UKRAINE CRYPTO NEWS!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cardano, Ethereum, Solana, Dogecoin, Ukraine & Russia Crypto News! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Bitcoin 2022 in Miami 👉 💥 💥 💥 Use code “ALTCOINDAILY” for 10% off! 💥 💥 💥 Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the whole video!) 0:30 – Russia Sanctions Crypto Update! 2:06 – Ukraine Crypto Update! 2:53 – $17.2M in Crypto Sent to Ukraine (Almost $2M From NFT Sales) 3:40 –…

Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option – Finance Bitcoin News

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On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia Pacific unit, Max Minton, said the firm was pleased to have executed the bank’s “first cash-settled cryptocurrency options trade with Galaxy.” Wall Street Giant Goldman Sachs Conducts Crypto OTC Transfer With Galaxy Digital According to a few reports and a press release, the Wall Street giant Goldman Sachs (NYSE:…

How To Mine Green Bitcoin And Make Money Off Clean Crypto | Forbes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Growing up in rural western Pennsylvania in the early 1970s, Bill Spence played with his pals on piles of coal waste, oblivious to the toxic heavy metals right under his feet. After working as an oil industry engineer out west, he returned home in the 1990s and found the piles—known as “gob,” for “garbage of bituminous”—still pockmarking the landscape. The present worry is that these unlined pits are leaching deadly carcinogens into the groundwater—or, worse, that they will catch fire and start…

POURQUOI j'achète du BITCOIN chaque mois ?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Alors alors… Par où commencer ? Pendant mes voyages de ces 12 derniers mois, j’ai rencontré beaucoup de turcs, de vénézuéliens et d’argentins de 25 -35 ans qui ont fui leur pays. Indépendants, salariés, étudiants, toujours la même histoire que j’entends. Face à la dépréciation de leur devise nationale (là-bas c’est un peu plus vénère qu’ici) et étant donné qu’il faut une authorisation (qui n’est jamais accordée) de la banque centrale pour acheter de la devise étrangère, les vieux cherchent désespérément à…