Bitcoin & cryptocurrency news

Former OCC Head Brian Brookes Says The US Is Behind The Curve On Cryptocurrency, Blames The SEC For It

Former OCC Head Brian Brookes Says The US Is Behind The Curve On Cryptocurrency, Blames The SEC For It

Brian Brooks, ex-CEO of Binance.US has blamed the SEC for the US lagging in cryptocurrency adoption. He blamed the mass migration of creators out of the US because of stifling regulations. Six top cryptocurrency CEOs met with Congress on Wednesday in a hearing that lasted over 5 hours. Brian Brooks has bared his mind on […]

Bitcoin & cryptocurrency news

ADABoy Staking Yields Rewards As it Launches The “Tinder of Crypto Projects”

ADABoy Staking Yields Rewards As it Launches The “Tinder of Crypto Projects”

ADABoy has launched its token on the Binance Smart chain. Users who stake the ADABoy token will be rewarded with ADA. The platform is keen to redefine the crypto ecosystem by launching a platform that is meant to be the Tinder of crypto projects. This platform will allow users to interact with various projects and invest […]

Bitcoin & cryptocurrency news

Meteoric Price Surge Expected As Bitpay Now Supports Shiba Inu Payments For Merchants

Meteoric Price Surge Expected as Bitpay Now Supports Shiba Inu Payments For Merchants

Shiba Inu is the newest entrant to the world’s largest cryptocurrency payment service provider Bitpay’s list of cryptocurrencies. According to a Thursday announcement by the firm, Bitpay stated that it had integrated SHIB allowing merchants to transact in the popular token. “Attention SHIBArmy! Shiba Inu (SHIB) joins the lineup of coins now available at BitPay. […]

Bitcoin & cryptocurrency news

Goldman Sachs CEO Sidesteps Bitcoin Inquiries, Says Blockchain Is More Important

Goldman Sachs has taken many stances on bitcoin and cryptocurrencies at large in the past, even going as far as providing trading services to its wealthier clients. However, CEO David Solomon does not seem as keen on the digital asset. In a recent interview on CNBC’s SquawkBox, the CEO sidesteps questions regarding bitcoin and his views on it. Goldman Sachs CEO Doesn’t Own Bitcoin David Solomon sat down with CNBC where the CEO shared his thoughts regarding the cryptocurrencies that are shaking up the investing space. When asked if he owned any Bitcoin or Ethereum, Solomon revealed that he did not hold either of these digital aspects, despite Goldman Sachs offering clients exposure to the market. Related Reading | Bitcoin Open Interest Takes Second Largest Dump Of 2021 The CEO explained that bitcoin has not really been on his radar nor did he know anything about the digital asset. “My view on bitcoin, for example, is that I really don’t know, but it’s really now something individually that’s important to me,” the CEO explained. Goldman Sachs had jumped on the crypto train back in May after offering investors access to non-deliverable forwards (NDFs). The firm has begun offering bitcoin NDFs at this time and then added Ethereum in June to provide wider coverage for its investors. Later that month, Goldman Sachs partnered with investment firm Galaxy Digital to trade Bitcoin Futures. When asked if he wants Goldman Sachs clients to go into crypto, Solomon gave an obvious yet evasive answer. He explains that he wants the clients to do what they want. The CEO also added that some Goldman Sachs clients already participate in the space. BTC  drops to $48K | Source: BTCUSD on Blockchain Is More Important Despite the CEO not owning cryptocurrencies himself, the technology associated with the space has not escaped his radar. Instead of bitcoin, the Goldman Sachs CEO said he was rather interested in the digital payments space, mainly how blockchain technology can be beneficial to this space. “I’m a big believer in the digitalization that is occurring, the disruption that is occurring, in the way financial services are delivered both for individuals and for institutions,” Solomon said. Related Reading | Despite Red Bitcoin, On-Chain Signals Flip Green As for its reach, he added that this is a massive shift and Goldman Sachs is already trying to get in on it. Additionally, Solomon adds that bitcoin is not the key thing in this scenario. Rather the focus should be on how blockchain can aid in accelerating digitalization in the financial services sector. “I think that’s a big opportunity and we’re excited about that,” said the CEO. Blockchain technology has already managed to penetrate most industries, with the financial services industry being the most obvious one. Megabanks like JPMorgan and Morgan Stanley have all moved to expand their offerings to clients in the space. Featured image from CNBC, chart from

Coinbase makes it easy to earn yield with DeFi

By Rhea Kaw, Senior Product Manager

Today we’re introducing a new way for Coinbase’s global customers to put their crypto to work and earn yield. We are making DeFi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of DeFi from their Dai with no fees, lockups, or set-up hassle.

Access DeFi from the comfort of your Coinbase account

Decentralized Finance (DeFi) is becoming one of the most popular use cases for blockchain technology and cryptocurrencies because it enables people to access crypto applications without the need for a centralized intermediary.

However, accessing DeFi protocols can require expensive network fees and involve a somewhat complex user experience. Coinbase is making DeFi more customer friendly and accessible. Eligible users will now be able to access the attractive yields of DeFi from the comfort of their Coinbase account with just a few taps and without the network fees.

Starting today, you’ll be able to earn DeFi yield on Dai, a stablecoin that is designed to be pegged to the US Dollar.

When you opt in to earn DeFi yield, your Dai is deposited into Compound Finance, an industry-leading DeFi protocol. The offered APY varies based on the rates from Compound and will automatically update to reflect changes in the market. Compound’s rates are variable — as an example, during the month of October, the APY for supplying DAI fluctuated between 2.83% and 5.39%.

These higher rates reflect both the unique access to global liquidity and increased risk that can come with DeFi. Though Coinbase monitors these protocols regularly, we cannot guarantee against potential losses. One way that DeFi protocols endeavor to mitigate risk of loss is to use overcollateralization, which means that they hold excess assets to cover potential losses. This is a unique form of investment, so it is always best to make an informed investment decision.

Even when deposited with Compound, your Dai remains available to you on Coinbase at all times, letting you continue to trade and spend as usual. Best of all, Coinbase covers the gas fees typically required to access DeFi protocols and their variable yields.

Get Started Today

DeFi has tremendous potential to help increase economic freedom, and we’re excited to be able to provide a trusted and accessible way to participate. Today’s launch is just the beginning — we are continuing to explore ways to allow our customers to use a wider variety of assets and a greater number of DeFi protocols.

Earning DeFi-powered yield on Dai is now available for eligible Coinbase users in over 70 countries, including the United Kingdom, Germany, and Spain. DeFi Yield is not currently available for customers in the United States. We will continue to work to bring DeFi Yield to more countries to reach more of our customers.

To get started, visit the Dai asset page in the Coinbase app or on In addition to being in an eligible jurisdiction, you must have Dai in your Coinbase wallet in order to enter the DeFi Yield experience. Once you have a Dai balance, go to the Dai asset page, choose the DeFi Yield tile to review, and accept the terms to start earning.

Coinbase makes it easy to earn yield with DeFi was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin & cryptocurrency news

Polygon and Wanchain to build direct L2-to-L2 cross-chain bridge

Polygon, a platform for Ethereum scaling and infrastructure development, and Wanchain, a decentralized blockchain interoperability solution, have announced a strategic partnership that will drive further adoption of layer-2 cross-chain bridges. Wanchain will now deploy direct decentralized cross-chain bridges connecting Polygon with Arbitrum. This layer 2-to-layer 2 bridge will enhance Polygon’s growing suite of solutions, including Polygon Hermez, Polygon […]

The post Polygon and Wanchain to build direct L2-to-L2 cross-chain bridge appeared first on CryptoNinjas.