Other News

Ethereum collapse makes MakerDAO insolvent

According to CoinDesk, the MakerDAO protocol that underlies automated lending on the ethereum blockchain has run out of collateral, threatening its solvency. MakerDAO faces an emergency shutdown with $4 million […]

The cross-border payment challenge

Domestic payments—those within a single currency area—are becoming faster, easier and safer. But the opposite is true when payments go global. There are six deep-rooted reasons for the opacity, high […]

FCA’s crypto risk warnings cause confusion

The UK’s financial regulator, the Financial Conduct Authority (FCA), caused confusion this week by issuing risk warnings against two cryptocurrency exchanges, Kraken and BitMEX, then withdrawing one of them. One […]

BitGo enters crypto-asset lending market

Crypto-asset custodian BitGo is launching a new service for institutional clients, enabling them to lend out their bitcoin or obtain cash loans for cryptocurrency collateral, the firm announced today. “BitGo […]

India lifts cryptocurrency ban

India’s supreme court has struck down a two-year ban on cryptocurrency use in the country, boosting the prospects for adoption of virtual currencies in the world’s second most populous state. […]

BIS warns on rise of shadow payments

A three-decade global push to tighten anti-money-laundering (AML) rules appears to be running out of road. That’s one conclusion to be drawn from the latest Bank for International Settlements (BIS) […]