CRYPTO NEWS: Latest ETHEREUM News, TETHER News, BINANCE News
US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets
Per a July 22 announcement shared with Cointelegraph, the Office of the Comptroller of the Currency is granting permission to federally chartered banks to custody cryptocurrency.
This issue has seen much skepticism, given that crypto wallets do not resemble the custody requirements of other sorts of assets. Nonetheless, in its interpretive letter on the subject, the OCC wrote:
Mastercard accelerates cryptographic capabilities of its customers
Financial services leader Mastercard has announced details of its Mastercard Accelerate program, which aims to support the growing crypto trend.
Recognizing that “consumer interest and investment in digital currencies are on the rise,” the company has determined that exploring new forms of digital transactions will benefit customers, merchants, financial service providers and others.
The program is designed specifically for startups and FinTechs to help them grow quickly. This news was disrupted as a crypto wallet company became the first company of its kind to receive a Mastercard core membership.
Tether Market Cap Exceeds $ 10 Billion
The market capitalization of the USDt stablecoin has surpassed the $ 10 billion mark and the coin has secured the third place in the ranking by market capitalization.
Tether noted that the value of the USDt token is growing as the stablecoin “fulfills an increasingly important function in the digital asset ecosystem.” The company added that USDt is the “reserve currency of the cryptocurrency sector” and is used “in remittances and digital asset innovation projects, including Decentralized Finance.”
2020 Ethereum’s Defi Boom Doubles Active Ethereum Addresses But Pays Skyrocket
The number of active Ethereum addresses in 2020 has skyrocketed due to the decentralized finance boom. Active Ethereum addresses have doubled, leaving networks like Tron, Cardano, and EOS in the dust.
In the world of decentralized finance, a lot is happening with things like synthetic bitcoin, stablecoins, farming, decentralized exchange platforms, and more created on the Ethereum network. Since late 2019, data from Coin Metrics and Messari.io indicate that Ethereum addresses have doubled over the course of the year.
Exchange CEO Says Cryptocurrency And Trade In Africa Is Growing Rapidly
According to the CEO of one of the future continents, the popularity of cryptocurrency in Africa is growing.
According to Chris Maurice, CEO of Yellow Card, a crypto exchange based in Lagos, Nigeria, the use and trading of cryptocurrencies has moved to Africa, gaining more acceptance across the continent.
In an announcement shared with CoinDesk Thursday, Unstoppable said domain registrars will utilize Gemini’s custody services when purchasing .crypto addresses for their clients through its service.
The blockchain domains are based on non-fungible tokens built on top of the Ethereum network and provide access to the decentralized web.
Sometimes called crypto collectibles, NFTs are digital tokens that can take different attributes.
Cambrian Raises $ 4M to Launch $ 25M Crypto Quant Fund
Cambrian received 4 million dollars. US $ 25 million in operating capital from high tech and financial investors to help him manage a $ 25 million data-driven cryptocurrency fund.
Cambrian Asset Management, which operates a quantitative cryptocurrency fund based in Marin County, California, has raised $ 4 million, the company said Thursday.
Binance Enters German Market Through Partnership With Crypto Investment Firm
Binance has partnered with licensed German investment firm CM-Equity to offer crypto asset management and brokerage services in Germany and Europe.
CM-Equity is licensed for cryptographic storage by the German Financial Conduct Authority, which allows Binance, the largest crypto exchange by volume, to operate in the German market.