As Forbes reports, the breakthrough is major: it officially allows institutions to “keep deposits as a reserve for stablecoins”. Stablecoins of course already make use of banks, so it is a matter of formalizing the latter’s supervisory role. It was the Office of the Comptroller of the Currency (OCC) that clarified this new role, in […]
What are Stablecoins? Stablecoins are cryptocurrencies that are somewhat stable and are linked 1:1 to a currency that we currently use a lot. In most cases, this is to the United States Dollar (USD). There are even stablecoins that are equal to the price of gold, silver or platinum. Currently, there are several Stablecoins available […]
5 Best Platforms to Earn Interest on Bitcoin in Today, we have several platforms that offer different ways to earn cryptocurrencies. One of the most popular forms of earning Bitcoins is through interests. Even though cryptocurrency lending platforms are still at their early stages, they’ve given birth to various measuring metrics, including interest rates. Keep […]
Top 5 crypto lending platforms to borrow and lend in The year seems to be all about DeFi platforms, crypto lending and borrowing. With this new hype a lot of new crypto lending platforms are popping up and they are getting immense popular. These crypto lending platforms are interesting for people who need liquidity and […]
What are Blue Chip cryptocurrencies? The term blue chip is used in the corporate world to refer to financially stable companies with inherent profitability mechanisms even in challenging economic circumstances. In crypto, blue chip alludes to blockchain currencies with a market capitalization of at least $2 billion. Reliability and dominance in the respective industry also […]
Celsius Network Review Lending programs and cryptocurrency interest accounts have proven to be all the rage in the blockchain space recently. These companies are enabling people to earn an interest by simply holding their cryptocurrency and offer low fee lending utilizing cryptos as collateral. Therefore, these companies are now replacing the greedy intermediaries that tend […]
BlockFi review Due to inflation, certain currencies are losing their value. Therefore, those with cash savings are losing their wealth as the days go by. So, anyone who’s looking to earn interest from their cash savings will have such a rough time. Most financial institutions no longer offer decent return rates on savings. That is […]
How to Start with Cryptocurrency Trading In ? Almost 90% of cryptocurrency traders indeed lose their investment. And yes, beginners typically suffer the highest amount of loss as they start their journey. But, instead of concentrating on the losses, let’s focus on the 10% who remain. Any trader who can maintain trading for more than […]
The birth of Decentralized Finance (DeFi) has seen so many platforms joining the space. Unfortunately, it’s hard to differentiate genuine from phony platforms. Some have been shrouded in controversy while others are just forks (clones). Luckily, there are a few genuine ones that have continued to gain interest with time. Aave protocol is one such […]
Yearn.Finance is a Decentralized Finance (DeFi) network that runs on the Ethereum blockchain. The yield farming craze and the price of the token has made it very popular. Yield farming involves complex strategies, but this platform has simplified them for non-expert crypto users. The protocol has a native cryptocurrency token called YFI. A liquidity provider […]