archive-title Category Archives: Cryptocurrencies News

Category Added in a WPeMatico Campaign

Category Archives: Cryptocurrencies News

Category Added in a WPeMatico Campaign

Retail Investors Can Now Use Paxos Gold as Collateral Against Loans

Crypto-lending platform Nexo has today, March 25, opened up the option of using PAX Gold (PAXG) as collateral against its loans to retail investors. A pilot scheme in late 2019 was limited to institutional clients and purportedly saw immediate demand for its gold-backed credit lines. Nexo’s announcement means that collateralized borrowing against high-grade gold is […]

Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

The International Organization of Securities Commissions (IOSCO) thinks global stablecoin initiatives might be subject to securities laws, according to a new report. Published Monday, the 31-page examination of regulatory issues around stablecoins – cryptocurrencies with prices pegged to a low-volatility asset reserve – stressed that jurisdiction and regulation ultimately depend on project specifics. IOSCO looked […]

ASX’s Long-in-the-Works DLT Plan on Ice Amid Coronavirus Concerns

The Australian Securities Exchange (ASX) has postponed the launch of its long-awaited distributed ledger technology (DLT) trading system due to “uncertainty” prompted by the coronavirus outbreak. The Sydney-based stock exchange paused the launch plans for its new DLT-based system that would provide same-day settlements for trades on Wednesday. Originally scheduled for April 2021, consultation on […]

Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO

The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky. Cointelegraph interviewed Mashinsky to learn more about this achievement, how the latest market downturn has affected its business and his outlook on the industry. According to Mashinsky, the company was profitable in 2019 on […]