Fintech

3 Common Compliance and Regulatory Pitfalls to Watch for in 2020

Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset …

3 Common Compliance and Regulatory Pitfalls to Watch for in 2020 Read More »

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus

Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans to startups, which could be converted into shares. The central government had already unveiled …

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus Read More »

EOSDT Supply Increases by $100M With Bitcoin Liquidity Support

As the decentralized finance, or DeFi, industry continues to grow, the need for liquidity in cryptocurrencies is steadily increasing. DeFi startup Equilibrium has today expanded the supply of its decentralized EOS stablecoin, EOSDT, as a result of integrating Bitcoin (BTC)-powered liquidity. Equilibrium, a major multi-chain DeFi framework, has raised the EOSDT circulation cap from $70 …

EOSDT Supply Increases by $100M With Bitcoin Liquidity Support Read More »