• KPMG Chain Fusion launches
    Cryptocurrencies,  Technology

    KPMG Chain Fusion launches, helping blockchains ‘talk’ to legacy bank systems

    It is hoped that the data standardization tool will allow traditional financial systems to communicate more effectively with blockchain protocols

    The audit, tax and advisory giant KPMG has launched a service designed to connect the systems used by banks and fintech firms with those relied on by cryptocurrency and digital asset platforms.

  • Cryptocurrencies,  Technology

    In major U-turn, PayPal may allow 325M users to buy crypto. Are exchanges under threat?

    Experts are upbeat that PayPal’s rumored entry into crypto would be good for the industry—with greater exchange trading volumes ‘across the board’

    PayPal is reportedly preparing to start directly selling cryptocurrencies to its 325 million users—with job vacancies for blockchain experts popping up on its careers site. If confirmed, this would be a major U-turn for the fintech giant, and a big step towards mainstream adoption of Bitcoin.

  • YouHodler partners with Ledger
    Cryptocurrencies,  Technology

    Crypto lender YouHodler turns to Ledger for digital asset security

    Along with its Ledger Vault platform, the cryptocurrency and blockchain security firm will offer the fintech firm access to its $150 million pooled crime insurance policy from Lloyds of London and Marsh

    Ledger Vault provides IT infrastructure for financial institutions to ensure that they can reduce the security risks associated with holding digital assets on behalf of their users.

  • Crypto must-reads
    Bitcoin,  Cryptocurrencies

    Crypto Must-Reads for June 24, 2020

    These are the crypto stories you should be following now: Expect Bitcoin price volatility with huge Friday options expiration; Historically, economic uncertainty should reconnect Bitcoin’s price with the stock market, and that’s not good news; DeFi lending platform Compound’s COMP tokens “crash” to a mere 250% gain in 10 days; DeFi portfolio manager Balancer’s governance tokens follows Compound’s soaring prices; Analysts’ strategies for “yield farming” DeFi liquidity rewards.

    Bitcoin has had an acceptable run in June, generally staying above $9,300 but rejecting $10,000 (except for a quick spike on June 1), according to CoinGecko. That may well change today, as the IMF’s June outlook is expected to be bad, pushing broader economic uncertainty higher. That generally means BTC volatility, but in which direction remains to be seen. Meanwhile, the prices of decentralized finance tokens are soaring. Newcomers Compound, a decentralized finance lender, and Balancer, an automated portfolio balancing platform, have been racking up huge gains in just the past 10 days. As these DeFi platforms woo liquidity providers with token rewards, “yield farming” can bring two revenue streams…