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Financial product comparison website Finder.com is being sued by Australia’s financial services regulator for allegedly offering a cryptocurrency yield-bearing product without the required license.It’s the second local provider of a crypto yield product to be targeted by the regulator, following action against Block Earner in NovemberThe Australian Securities and Investments
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Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division.However, the crypto exchange did not release the associated wallet addresses for each product.The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure. Coinbase Custody backed up a product breakdown published by Grayscale
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The firm faces no risks of insolvency, Matrixport's spokesperson told CoinDesk. Original Source
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The firm has opened the waiting list for Fidelity Crypto, its retail focussed investment product. Original Source
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The move is part of a restructuring of several of Coinbase's groups. "In connection with Mr. Chatterjee’s resignation, Coinbase’s product, engineering and design teams are being reorganized within a product group structure under which the leaders of such groups will assume responsibility for Coinbase’s product offerings," Coinbase said in the
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The bank is only offering crypto trading as a “wealth building feature” – meaning customers can buy and sell tokens, but cannot transfer the assets to other digital wallets, Gilles BianRosa, chief product officer at N26 said in an email to CryptoX. Source
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According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license.
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“The UAE, and broader [Gulf Cooperation Council], is a market of significant strategic importance to our business, and we are excited about the opportunity this market opens to us,” Sherif El-Haddad, who joined the firm in August as Middle East head, said in a statement. Original Source
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Meanwhile, Lend users stand to make higher yields from unsecured lending to institutions that have been evaluated for their creditworthiness by Credora. Besides, lenders can exit their positions at any time, subject to availability of liquidity in the pool. According to Ribbon, most unsecured lending in Decentralized Finance (DeFi) is
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The states – also including Washington, Maryland, Kentucky, Oklahoma, South Carolina and Vermont – filed individual actions targeting certain yield-producing accounts at Nexo. The lender advertises the accounts as "high-yield," and California noted the company offered annual interest rates as high as 36%. Original Source
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