Nubank partners with Paxos to allow clients to trade crypto
Nubank, Latin America’s largest digital bank, announced a partnership with Paxos that will allow its clients to purchase, sell, and store bitcoins directly through Nubank. Nubank said that it will dedicate around 1% of its net assets to Bitcoin (BTC) through the cashier of Nu Holdings, a business that manages the Nubank Group, in conjunction […]
Israel’s CBDC project receives positive support from public
The central bank of Israel is yet to make a final decision on the launch of the “digital shekel” the country’s CBDC project, however, the public response to the concept has been mostly positive. The Bank of Israel summarized the results of the public consultation on its central bank digital currency (CBDC) proposals on Monday, […]
FTX US applies for trust charter from New York’s financial regulator
FTX US has applied to The New York Department of Financial Services, or NYDFS, for a trust charter in order to offer crypto custody services in the state. Crypto exchange FTX US announced on Wednesday that it had applied to New York’s financial services authority to incorporate a limited purpose trust business in order to […]
Bitcoin (BTC) Drops To Near $28K Minutes Following U.S Inflation
Bitcoin (BTC) fell below $30,000 on Wednesday, just minutes after data showing April inflation in the United States was more than predicted. BTC plunged more than 6% from intraday highs, reaching a low of $29,100. Following the reading, other major cryptocurrencies went negative for the day. Ethereum is currently trading at a loss of over […]
Maker Token (MKR) Surges 50% As Terra Plummets
Expectations that Maker’s (MKR) price will take over Terra’s domination on DeFi saw the token rising over 50% in the last few hours. The DeFi token, which powers the DAI stablecoin, appears to be benefiting from the fall of Terra’s UST. Due to a more robust risk framework for managing stability, MakerDAO has shown to […]