South Korea just got its first traditional bank loans backed by bitcoin
Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default.
SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI
SWI Group said it would use the proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets, acquired from the FTX bankruptcy, from a bitcoin miner to an AI-focused data center.
Altcoins rally on thin trading as bitcoin holds below $83,500
The CoinDesk 80 has risen around 3% in 24 hours, more than double the CoinDesk 5, while spot bitcoin ETFs lost $681 million last week.
Kraken parent clears Dubai’s final hurdle for dirham trading rollout
Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE, building on the preliminary approval received in May. Payward, the parent company of cryptocurrency exchange Kraken, has received approval from the Virtual Assets Regulatory Authority (VARA) for its local entity, Payward FZCO, to provide crypto services.At launch, Kraken’s…
Standard Chartered adds Ripple USD custody, eyes LMAX collateral deal
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral.Standard Chartered has launched institutional custody services for Ripple’s RLUSD stablecoin, with plans to expand its use as trading collateral.The UK-based multinational bank announced Monday it rolled out RLUSD support on the…
Australia set South Africa 421-run target
Renshaw continues prolific form with another impressive second innings 82
Pakistan eye clean sweep against Sri Lanka
Farhan and Maaz lead hosts’ charge as visitors struggle to find form
Litton’s century puts Bangladesh in control
Das hits 102 as Afghanistan face mammoth 479-run target
U.S. inflation, Ethereum upgrade talks: Crypto Week Ahead
Your look at what’s coming in the week starting Oct. 12.
South Korean bank launches Bitcoin-backed business loans: Report
Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, reportedly started issuing Bitcoin-backed loans to its corporate customers.Local outlet EDaily reported Monday that Jeonbuk Bank became the country’s first commercial bank to accept Bitcoin (BTC)…
