ethereum

UnionBank, the largest bank in the Philippines, has become the country's first financial institution to launch its own cryptocurrency and have already completed its first transactions with it, reports The Philippine Star. The cost of the steakbank PHX issued by the bank is pegged to the Philippine peso, and the coin itself works on the i2i platform connecting UnionBank with the provincial banks. “PHX is a repository of value and a medium of exchange. […]

Ethereum, the second most capitalized cryptocurrency after Bitcoin, probably no longer deserves classification as altcoin. This opinion was expressed by analysts of the institutional cryptocurrency exchange San Francisco Open Exchange (SFOX). In its latest report on cryptocurrency volatility, SFOX notes that the current Bitcoin correlation against Ethereum is significantly higher than similar BTC against other altcoins. “It can speak in […]

The post office of the Croatian city of Zadar has launched a pilot program for the exchange of cryptocurrencies for cash. Bitcoin owners, Ethereum, Stellar, XRP and EOS will be able to exchange them for Fiat in one of the post offices. Reported by the Cointelegraph. This opportunity was realized in partnership with Electrocoin, which provides brokerage services in the EU. The service has already been launched in three mail […]

The wallet provider Abra announced that it is forced to make changes in the user policy for US residents due to the increased attention of regulators to the industry and the lack of clear rules for working with digital assets. So, Abra will add native support for all the assets that are now present in the wallet in synthetic form. This will not affect Bitcoin, Bitcoin Cash, Ethereum and Litecoin. With […]

Oriented to institutional investors, the lender Genesis Global Capital, a division of the brokerage company Genesis Global Trading from the business empire of Barry Silbert, in the second quarter, processed $ 746 million in cryptocurrency and fiat loans. This exceeded the first quarter by 48%. Genesis Posts Strongest-Ever Quarter with $ 746 Million in New Loan Originations http://t.co/7AM4BUszQi – Barry Silbert (@barrysilbert) July 23 […]