Crypto lending platform Nexo allocates $12M for ecosystem incentives

A concentration of stablecoins on a handful of platforms has drained liquidity from others. 404 Total views 22 Total shares In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI).…

The Internal Revenue Service is hiring 87,000 new agents, but taxpayers will not feel the pain for another two to three years. That’s how long it will take the agency to hire and train agents. Few have discussed the extent of this pain. Still, it’s something to think about when you consider the majority of…

Jack Dorsey, CEO of Twitter and Square, announced that Square’s Cash App is poised to enable users to purchase fractions of stocks — with an entry of as little as $1.In a tweet posted on Oct. 24, Dorsey wrote:“Now anyone can buy $42 or even $1 worth of Berkshire Hathaway A ($BRK.A, or $TSLA or…

Australia’s largest precious metal refinery, the Perth Mint, and InfiniGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token.The new ERC-20 token is dubbed Perth Mint Gold Token (PMGT) and pegged 1:1 with GoldPass certificates issued by the Perth Mint, according to a press release shared with Cointelegraph on…

Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of the Canadian gold miner Barrick Gold suggests that Warren Buffet is not confident about the future health of the U.S. and global economy.Morgan Creek Digital…

The central bank warned people to be mindful of "the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets." 68 Total views 15 Total shares The Central Bank of Ireland issued a warning to consumers about the risks around crypto investments in addition to “misleading” advertisements, including…

Major global crypto exchange Huobi has reported a 100 percent growth in trading volume in 2018 over the 2017, according to a press release shared with Cointelegraph on Feb. 7.The Singapore-headquartered company has reportedly expanded its staff from 400 employees in early 2018 to more than 1,300 people by 2019, with 15 offices in 12…

The crypto industry is young, and in emerging tech, a handful of companies often lead the charge. For those holding equity in these companies, this is generally considered something to be encouraged. For everyone else, it is not.The recent rise of decentralized finance has been no different, and the company holding the torch is MakerDAO.…

Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.Newsflow remained negative after the United States Treasury…