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Crypto Currency
Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities. The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying for a loan, enabling them...
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Japan’s primary financial regulator is reportedly looking at updating its regulatory framework for the cryptocurrency sector to curb speculative investments. In April 2017, the Financial Services Agency (FSA) – Japan’s financial regulator – enforced new legislation that revised the Payment Services Act to recognize cryptocurrency as legal tender. The regulatory move was pioneering at the time wherein...
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South Korean police have raided the office of the company that claims to have discovered the shipwreck of a Russian pre-World War 1 battleship carrying $130 billion in gold bars and coins. On Tuesday, the Seoul Metropolitan Police Agency has raided the offices of Shinil Group, a cryptocurrency startup looking to sell treasure from a...
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Mike Novogratz, bitcoin advocate and founder of Galaxy Digital, believes that the cryptocurrency market capitalization won’t reach $800 billion by the end of this year, as he previously predicted. However, the billionaire investor maintains that it will do so within the next 12 months. Cryptocurrency Market Headed to $800 Billion in Calendar Year In an...
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Blockchain and investment company Decentralised Capital has announced the launch of Australia’s first ever cold storage vault for digital assets. The vault was created in partnership with Custodian Vaults, a subsidiary of precious metals firm Pallion Group. According to Stephen Moss, founder and director of Decentralised Capital, the new crypto vault is expected to take...
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