For the first time ever, Bitcoin will begin trading on the New York Stock Exchange (NYSE) as an exchange-traded fund (ETF) following the approval of Proshares’ ETF which will operate under the ticker symbol ‘BITO’. The ETF will invest primarily in bitcoin futures contracts and will not directly i…
Tag Archive for #FINANCE
Cryptocurrency Might be Taking over Cross-Border Transactions in Africa
Monthly cryptocurrency transfers to and from Africa of under $10,000 – typically made by individuals and small businesses – jumped more than 55% in a year to reach $316 million in June, the data from U.S. blockchain research firm Chainalysis shows. The number of monthly transfers also…
Boom or Bust? The Freewheeling World Of Crypto-Lending
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could go wrong? That’s the proposition presented by “DeFi”, or decentralised finance, peer-to-peer cryptocurrency platforms that allo…