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Indian Exchange Launches Lending Program for 5 Cryptocurrencies

March 21, 2019 |

Indian Exchange Launches Lending Program for BTC and USDT

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.

Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

Lending Cryptocurrencies

Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB.

The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).”

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. The interest rate varies dynamically and goes up to a maximum of 2%, according to market dynamics — demand and supply.” Furthermore, its website states that “the cryptocurrencies lent through Dcxlend will be used to provide leverage to users on Dcxmargin,” another service the exchange offers.

Gupta shared with news.Bitcoin.com that during the beta testing period with just BTC and USDT, “we had roughly 120 lenders which led to a circulation of 170 BTC on a daily basis.” Claiming that the program has recently garnered more attention from lenders, he remarked, “Hence we’re scaling it up and will keep on adding more coins.”

The CEO explained that his exchange has an internal settlement and liquidation mechanism for margin trading which does not have “a dedicated funding wallet,” elaborating:

Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin.

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

Similar Programs Worldwide

In the U.S., Blockfi recently introduced a savings account that enables customers to earn 6.2 percent annually on their BTC and ETH. Meanwhile, regulated bitcoin derivatives exchange and clearinghouse Ledgerx has a program called Ledgersavings which allows clients to earn an implied rate of around 16 percent annually.

In Japan, regulated exchange GMO Coin launched a lending program for BTC, BCH, ETH, LTC, and XRP last year. However, at the time of this writing, the exchange is only borrowing BTC but customers can lend between 10 and 500 BTC over 181 days and earn up to an annual rate of 5 percent.

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

Recently-licensed Japanese exchange Coincheck, which was hacked in January last year, also has a lending program for BTC with a maximum annual rate of 5 percent. Prior to the hack, this service supported 12 cryptocurrencies.

Bitbank, another regulated Japanese exchange, also offers up to 5 percent interest annually for users lending between 1 and 25 BTC. Besides BTC, the exchange plans to extend the offer to BCH, ETH, LTC, XRP, and MONA.

Would you lend your cryptocurrencies to an exchange? Let us know in the comments section below.


Images courtesy of Shutterstock.


Disclaimer: Bitcoin.com does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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The post Indian Exchange Launches Lending Program for 5 Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

NSA phone program exposed by Snowden not being used, could expire in 9 months, aide says

March 5, 2019 |

The National Security Agency and the Trump administration have not used the phone program exposed by Edward Snowden in the past six months and it’s unclear if the program will renew at the end of the year, a senior Republican congressional aide said Saturday. 
FOX News

Top Business School in India to Offer Advanced Blockchain Program for Professionals

February 27, 2019 |

Top Business School in India to Offer Advanced Blockchain Program for Professionals

A top business school in India is set to offer an advanced blockchain program for professionals. It marks the latest case of global academic institutions trying to answer the demand from students and industry for more education on crypto assets.

Also Read: University of Michigan Endowment Backs Crypto VC Fund

Indian Institute of Management Calcutta to Teach Crypto

The Indian Institute of Management Calcutta (IIM Calcutta), a top ranked public business school in Kolkata, West Bengal, plans to start a new cryptocurrency-related education program in May 2019. The Advanced Programme in Fintech and Financial Blockchain (APFFB) is meant to address the giant country’s talent shortage facing the financial technology industry. The program is designed for middle and senior management professionals in organizations that need to develop a digital finance strategy.

Top Business School in India to Offer Advanced Blockchain Program for Professionals

“A vast majority of firms in the banking and financial sector believe that the lack of adequate FinTech talent is an existential threat to their future. Our FinTech programme, designed with today’s management and finance professionals in mind, will leverage the deep research and consulting expertise of IIM Calcutta faculty and our state-of-art Finance Lab. We plan to equip and enable 2000 Fintech professionals in the next few years,” the program’s director, Prof. Indranil Bose, explained to Indian media.

Advanced Classes on Crypto Assets and Tokens

According to the school’s website, the duration of the program will be six months and it will cost students about Rs. 3,20,000 ($ 4,500). Course content will include classes on Data Analysis and Interpretation, Financial Markets and Products, Understanding Banks and other Financial Institutions, Foundations of Fintech, Digital Payments, All About Blockchain, Digital Disruptions in Financial Services, Crypto Assets and Tokens, Risk Management for Fintech, and Data Driven Financial Analytics.

Top Business School in India to Offer Advanced Blockchain Program for Professionals

Academic institutions all over the world have already been offering classes on cryptocurrencies and related technologies for a couple of years now. This month Shanghai’s Fudan University launched a blockchain R&D center and in January the University of California, Berkeley formed a new blockchain-focused startup accelerator program for its students.

What do you think about this business school offering a program on crypto assets? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Top Business School in India to Offer Advanced Blockchain Program for Professionals appeared first on Bitcoin News.

Bitcoin News

To draw more foreign visitors to U.S., Visa Waiver Program may get tougher-sounding name

February 27, 2019 |

In hopes of convincing lawmakers to allow more foreign visitors into the U.S., top tourism officials are turning to a marketing tactic more common in the business world: a rebrand.

The nation’s Visa Waiver Program now allows travelers from 38 countries to visit the U.S. without visas. But tourism…


L.A. Times – Business

A loan program was set up to boost energy efficiency. Instead, it’s being used to build ‘granny flats’

February 17, 2019 |

As stories piled up of homeowners being smooth-talked into taking home improvement loans they couldn’t afford, defenders of the PACE program cited its safety features.

The loans could be used only for environmentally friendly and safety projects, they noted. And money couldn’t be issued until projects…


L.A. Times – Business

Mexico confirms ending fast-track visa program for Central American caravan

January 31, 2019 |

Mexico’s Institute of National Migration confirmed with Fox News that the temporary asylum visa fast-track program is suspended, and no more visas will be given at the moment. 
FOX News

Venezuela Wants to Use Petro to Finance Large Housing Program

January 6, 2019 |

Venezuela Wants to Finance Large Housing Program With Petro

Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.”

Also read: Crypto-Friendly Statesman Takes Over Swiss Presidency

Minister Urges Construction Companies to Accept Petro

The Venezuelan Ministry of Housing is now joining forces with other government institutions to revive a state-sponsored program focused on the building of new apartment blocks for the masses. The leftist administration of President Maduro hopes to boost Gran Misión Vivienda Venezuela (GMVV) using the oil-backed national cryptocurrency, the petro.

Venezuela Wants to Finance Large Housing Program With Petro

During the first government meeting in 2019, the housing minister Ildemaro Villarroel invited both state-run and private companies to support the ambitious plan, the Prensa Latina news agency reported. The official emphasized that using the sovereign digital coin to fund the construction projects will also help consolidate the economic independence of the South American country.

Villarroel insisted that GMVV has both the necessary budget and the construction materials needed to reach its target – the completion of 3 million housing units by the end of this year. The new homes will be distributed among Venezuelans from different walks of life with priority given to professionals, young people and senior citizens.

The minister added that over 2.5 million new homes have already been delivered and another 1 million have been renovated as part of the “Great Housing Mission Venezuela.” The program has also allocated over 1 million plots of urban land.

Mission Far From Accomplished

Venezuela Wants to Finance Large Housing Program With PetroFaced with pressing economic challenges, hyperinflation and foreign sanctions, the Venezuelan government has put great hopes on the success of its cryptocurrency. Authorities in Caracas launched the public sale of the petro in October last year, but all buyers have been able to get so far are so-called “petro certificates,” not any digital coins.

At the same time, Nicolas Maduro’s administration has made a number of loud announcements about the petro. The digital currency was adopted as official unit of account along with the country’s redenominated fiat, the bolivar. Wages and pensions have been calculated in the state-issued cryptocurrency. The Venezuelan president promised special economic zones to stimulate its circulation and assured Venezuelans they’ll be able to purchase homes and property with the petro.

Venezuelan officials have been trying to convince partnering countries and organizations to accept the crypto for international trade deals. The Russian Federation, the Organization of the Petroleum Exporting Countries (OPEC), and the members of the regional “Bolivarian Alliance for the Peoples of Our America” (ALBA) have been offered the petro, so far with little success.

The large-scale housing projects may also soon grind to a halt. According to а recent report, Russian and Chinese construction businesses have already pulled out of the country. Caracas owes over $ 110 million to the Belarusian state-owned Belzarubezhstroy, one of the few foreign companies still building in Venezuela. Minsk, however, has been reluctant to accept the repayment of the debt in petro.

Do you think Venezuela will be able to finance housing projects with its digital currency? Tell us in the comments section below.


Images courtesy of Shutterstock, Belzarubezhstroy.


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The post Venezuela Wants to Use Petro to Finance Large Housing Program appeared first on Bitcoin News.

Bitcoin News

South Korean Business School Launches Crypto MBA Program

December 23, 2018 |

South Korean Business School Launches Crypto MBA Program

A major business school in South Korea is now offering a master’s degree in cryptocurrency. Crypto MBA is a one-and-a-half-year program that covers topics such as Bitcoin, Ethereum, smart contracts, crypto funds, Dapp planning, game theory, and how to write persuasive whitepapers. Meanwhile, the government is working on follow-up crypto regulations.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Crypto MBA

South Korean Business School Launches Crypto MBA ProgramSeoul School of Integrated Sciences and Technologies, often known as Assist, announced on Friday that it is now offering a Master of Business Administration (MBA) degree program dedicated to cryptocurrency and blockchain technology. The new course is “a master’s degree program in blockchain, cryptoeconomics and token economy courses from technological, cryptoeconomic and business strategic perspectives,” the school described.

Claiming that it has “launched the world’s first crypto MBA course for a business graduate school,” Assist wrote:

The mission of Assist business school’s Crypto MBA program is to remedy the lack of academic research and systematic education currently available in the industry, despite a high level of social interest in the blockchain and cryptocurrency.

South Korean Business School Launches Crypto MBA ProgramThe professional graduate school has been offering master’s degrees and doctorate degrees in business administration since 2004. Its website claims that the school “has been evaluated as the no. 1 graduate school for business administration,” noting that large corporations such as LG Electronics, KT, Doosan Infracore, and Korea Electric Power Corporation continuously use its courses.

Crypto Curriculum and Regulation

South Korean Business School Launches Crypto MBA ProgramAccording to Friday’s announcement, “The curriculum includes Bitcoin, Ethereum, smart contract, cryptology, EOS, deep learning and system dynamics mechanisms. The cryptoeconomics curriculum consists of digital currency studies, microeconomics, macroeconomics, behavioral economics and theory on currency finance, game theory and mechanism design.” In addition, students will learn about “management mechanisms, strategic statistics, digital financial accounting, digital marketing strategies, crypto funds, Dapp planning and writing strategy for the persuasive whitepaper.”

South Korean Business School Launches Crypto MBA ProgramThe South Korean government is currently working on additional crypto regulatory measures following the implementation of the real-name system in January. Initial coin offerings (ICOs) have been banned domestically since September last year. However, a number of lawmakers have introduced several bills to regulate them.

Recently, a fintech startup filed a complaint with the country’s constitutional court alleging that the government’s ICO ban is unconstitutional.

Crypto Classes on the Rise

While Assist offers an actual MBA degree in crypto, a growing number of business schools worldwide have added crypto classes including Stanford Graduate School of Business, Wharton School of the University of Pennsylvania and Georgetown University Mcdonough School of Business. Cnbc previously reported that these top schools “are expanding classes in digital currency and blockchain to keep up with demand from students and their future employers.”

South Korean Business School Launches Crypto MBA ProgramStanford’s business school, ranked number one globally by the Financial Times this year, added a course called “Cryptocurrencies and Blockchain Technologies.” The school’s website describes, “The course covers all aspects of cryptocurrencies, including distributed consensus, blockchains, smart contracts and applications. We will focus in detail on Bitcoin and Ethereum as case studies.”

Wharton, ranked number one by Forbes, added a class in the fall called “Blockchain, Cryptocurrency, and Distributed Ledger Technology,” while Georgetown offers an elective that teaches topics such as the history and evolution of fintech, blockchain technology, and their applications.

What do you think of the Crypto MBA program? Let us know in the comments section below.


Images courtesy of Shutterstock, Assist, and the South Korean FSC.


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The post South Korean Business School Launches Crypto MBA Program appeared first on Bitcoin News.

Bitcoin News

FedEx Starts Buyout Program as Express Struggles

December 19, 2018 |

The delivery carrier says it expects a pretax charge of up to $ 575 million from the buyout plan and that it intends to cut international capacity at FedEx Express, where performance has weakened.
WSJ.com: US Business

The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain Talent

December 11, 2018 |

The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain Talent

In Tuesday’s edition of The Daily we cover stories about an electronic gift card program that Coinbase is extending to the U.S. market, new job offerings from Facebook that hint at the company’s blockchain plans, and an investment in the field from Unicef.

Also Read: US Law Professor: Confusing Cryptocurrency Regulations Will Hamper Innovation

Coinbase Extends Wegift Partnership to the US

The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain TalentCoinbase has announced that its trading platform now offers e-gift cards for its customers in the U.S. This means that American users will be able to instantly spend their cryptocurrency balances from the exchange with dozens of new retailers. The development has been achieved by expanding its partnership with the London-based startup Wegift, which supports many well-known brands such as Nike, Tesco, Uber, Google Play, Ticketmaster and Zalando.

Coinbase informed its users that purchasing e-gift cards incurs no withdrawal fees and that bonuses of up to 10 percent make it “smoother than ever to use crypto. Now, you’re just a few clicks away from spending your balance on e-gifts cards for Adidas shoes or your next vacation. Better yet, use some on the holidays — you’re just in time.”

Facebook to Develop Equitable Financial Services?

At the start of 2018, Facebook founder Mark Zuckerberg set a goal for himself to take back power from centralized systems using “encryption and cryptocurrency.” While the year is nearly over and this resolution remains unfulfilled, his company appears to still be focused on the subject. Recently surfaced ads show that Facebook is looking for data scientists and software engineers to help develop new blockchain solutions, possibly including financial services.

The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain Talent

The company explains to potential candidates that: “At Facebook, we have established a new team building blockchain technologies. It’s a small, fast-growing, but talented group of people who are passionate about changing the world. Our leadership is experienced and are some of the best people working today in their respective fields.”

“The blockchain team is a startup within Facebook, with a vision to make blockchain technology work at Facebook scale. We’re exploring areas of interest across all facets of blockchain technology. Our ultimate goal is to help billions of people with access to things they don’t have now – that could be things like equitable financial services, new ways to save, or new ways to share information.”

Unicef Invests in Six Blockchain Startups

The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain TalentThe United Nations Children’s Fund (Unicef) has announced that it will provide backing to six blockchain startups from emerging economies trying to solve global challenges using the technology. The Unicef Innovation Fund will invest up to $ 100,000 in Atix Labs from Argentina, Onesmart and Prescrypto from Mexico, India’s Statwig, Utopixar from Tunisia and W3 Engineers from Bangladesh. The financial support is meant to help the companies deliver open-source prototypes of blockchain applications within 12 months.

“Blockchain technology is still at an early stage — and there is a great deal of experimentation, failure, and learning ahead of us as we see how, and where, we can use this technology to create a better world,” said Chris Fabian, Principal Adviser at the fund. “That’s exactly the stage when UNICEF Innovation Fund invests: when our financing, technical support, and focus on vulnerable populations can help a technology grow and mature in the most fair and equitable way possible.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain Talent appeared first on Bitcoin News.

Bitcoin News