“Financial freedom means different things to different people,” Zamyatin explained. “For some, it means that they can hedge against fiat by buying bitcoin and just holding it, but not everybody earns and has enough capital to be able to just put something aside and use it as an investment. There’s a lot of people globally who see bitcoin as access to a financial system,” he added. Original
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The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts. Source
U.S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U.S. Securities and Exchange Commission’s (SEC) purview in its first legal response to the regulator’s lawsuit. The SEC sued Coinbase at the beginning of June, alleging that a dozen of the cryptocurrencies offered through its wallet or trading platforms were unregistered securities. In its answer, filed early Thursday, Coinbase claimed that these cryptos are not investment contracts and therefore are not securities. Source
The company plans to launch a mobile version later in the year with additional features to improve user experience. Digital asset exchange Bitfinex has launched a new peer-to-peer (P2P) trading platform in Venezuela, Argentina, and Colombia. The platform, called BitfinexP2P, will allow users in these countries to buy and sell Bitcoin (BTC), Ether (ETH), Tether tokens (USDT and EURT), and Tether Gold (XAUT) directly without paying intermediaries. Paolo Ardoino, CTO of Bitfinex, expressed his delight at the launch of the P2P marketplace. He espoused the company’s belief in the transformative…
Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT and Tether Gold (XAUT). Bitfinex chief technology officer Paolo Ardoino suggested the expansion into the three countries was part of the firm’s efforts to promote digital asset-related financial services in Latin America. Something BIG is happening! #BitfinexP2P…
The inaugural class of 10 designers includes fashion house Pet Liger, fashion artist Stephy Fung, photographer GlitchofMind, digital artist Calvyn Dylin Justus, spatial computing artist Taskin Goec, visual artist Fanrui Sun, fashion brand Nextberries, 3D artist Gustavo Toledo, footwear designer Felipe Fiallo and immersive creator Jacquelyn Assar. Source
Cryptocurrency custody technology provider Fireblocks has started offering support for cloud service providers Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales and Securosus, the company announced Tuesday. Source
Mitsubishi UFJ Financial Group Inc., a prominent Japanese banking corporation, is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat. Japan’s banking giant, Mitsubishi UFJ Financial Group Inc. (MUFG), is believed to be in discussions with several companies, including those linked to major international stablecoins, about the prospective deployment of these digital assets via its blockchain platform, Progmat. The new Japanese legislation on stablecoins, one of the first among the world’s leading economies, mandates that only the country’s licensed banks,…
Even with less risk, Moreau said, Jet’s model faces some friction from big traders like market makers who have grown used to the flexibility of variable-rate products, where they can often pull their money at any time (assuming the utilization rate isn’t too high, of course). With a fixed-rate product their crypto is locked for the length of the contract. Source link