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Celsius Network, a cryptocurrency lending and borrowing platform, has acquired BSave for an undisclosed amount, the company said earlier this week. BSave is a platform that provides earning interest income on cryptocurrency. With the acquisition, Celsius Network gains access to its yield generating algorithms originally developed by...
Digital wallet and exchange service Abra has expanded support for the Ethereum platform by adding native integration of ether, the platform’s native cryptocurrency, now allowing users to deposit, invest and withdraw ether directly from the Abra app. The announcement of the integration was made on Wednesday...
Nearly half of millennial online traders have more trust in cryptocurrencies and crypto-assets than the US stock market, according to a new survey from eToro, an investment platform. Even among millennials who do not trade crypto, one-third said they would trust crypto over the stock market, indicating the beginning of a...
In 2016, the entire digital economy contributed 15.5 per cent of total global GDP, or $11.5 trillion. This was mainly driven by the increasing usage of a consumer-driven Internet. By 2025, that figure is expected to reach $23 trillion, or 24.3 per cent of total global GDP. Yet, the digital economy...
A survey conducted by TD Bank at the 2018 NACHA Payments Conference found that despite the hype around cryptocurrencies in the media, payments professionals remain vigilant of cryptocurrencies and hold a strong view against their validity. 64% of the polled finance professionals said that they did not view cryptocurrencies as...