Interest-Bearing

Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

March 2, 2023 Bitcoin.com

Bitcoin

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo […]

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Ethereum core developer departs for AI amid leadership concerns

Bitcoin Interest-Bearing Accounts Were Conceived Over Ten Years Ago, but the Idea Took 8 Years to Catch On

September 8, 2022 Bitcoin.com

2011

While decentralized finance (defi) has created a plethora of protocols that make it so crypto assets can gather a yield, ten and a half years ago a bitcoin exchange called Bitcoinica introduced the first interest accruing system for bitcoin deposits. Despite being the first to test the waters, Bitcoinica eventually went bust after a series […]

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Ethereum core developer departs for AI amid leadership concerns

Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients

February 21, 2022 Bitcoin.com

$100M

Following the U.S. Securities and Exchange Commission (SEC) charging the crypto lending platform Blockfi with failing to register its retail crypto lending product and fining the firm $100 million, the crypto lender Nexo has announced it will no longer allow U.S. citizens to earn interest on new savings wallet top-ups. However, Nexo customers from the […]

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Ethereum core developer departs for AI amid leadership concerns

Kentucky Sends Cease and Desist Order to Crypto Lending Platform Celsius Over Interest-Bearing Accounts

September 24, 2021 Bitcoin.com

Alabama

Six days ago, the securities regulators from New Jersey and Texas cracked down on the cryptocurrency lending platform Celsius. Additionally, the Alabama Securities Commission joined in and filed a cease and desist order against Celsius. Now the state of Kentucky is following suit and has filed a cease and desist order against the crypto lending […]

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Ethereum core developer departs for AI amid leadership concerns

Securities Watchdogs File Orders Against Crypto Lender Celsius

September 18, 2021 Bitcoin.com

Bitcoin

A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing and is also threatening with a cease and […]

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Ethereum core developer departs for AI amid leadership concerns

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

July 29, 2021 Bitcoin.com

bitcoin.com

On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial […]

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Ethereum core developer departs for AI amid leadership concerns

Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product

July 23, 2021 Bitcoin.com

Alabama

Fresh off the heels of Blockfi’s issues with the ​​New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the […]

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Ethereum core developer departs for AI amid leadership concerns

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey

July 20, 2021 Bitcoin.com

Andrew Bruck

On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and […]

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Ethereum core developer departs for AI amid leadership concerns