Aave Pro To Be Launched This July, Promises To Support Only BTC, ETH, AAVE And USDC
During the conference and in this email, it was noted that Aave’s institutional product referred to as ‘Aave Pro’ intends to launch this month responding to “extensive demand from various institutions.” Aave to launch permissioned deployment for institutions in July In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this […]
Fitch Warns Stable Coin Growth Could Affect Credit Markets
In its report, Fitch warns that the potential for asset contagion risks presented by stablecoins may result in stricter restrictions for the sector. It has been cautioned that the rise of stablecoins that are not completely backed by secure assets may result in instability of short-term credit markets, according to rating agency Fitch. Reuters said […]
Valkyrie, a cryptocurrency asset manager, has raised $10 million in a Series A financing
Valkyrie’s fundraising drew a broad group of crypto investors, including Litecoin creator Charlie Lee. Valkyrie Investments , a digital asset manager and proponent of the Bitcoin (BTC) ETF, has closed a $10 million Series A financing round, showing increasing investor interest in crypto-focused companies. The financing round included XBTO, BTC Media, UTXO Management, Consolidated Trading, […]
‘It’s an Asset Class That We Cannot Ignore Anymore,’ Says the Philippine Stock Exchange Cryptocurrency Trading
The Philippines’ national stock exchange, the PSE, describes cryptocurrencies as “an asset class that we cannot ignore any longer.” Cryptocurrency trading, according to the stock exchange, “should be done at the PSE” because of its infrastructure and investor safety protections. The Philippine Stock Exchange (PSE), the country’s national stock exchange, is said to be considering […]
Bithumb restricts employees from trading crypto on its platform
Bithumb will soon totally bar its employees from accessing its platform to trade crypto, following the introduction of staff-related trading limitations a few months ago. A major South Korean cryptocurrency exchange, Bithumb , has imposed trading restrictions on its workers, prohibiting them from trading on the platform. Starting this month, Bithumb employees will be prohibited from purchasing […]