Author: Digicoinvision
San Francisco-based lender Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using OpenAI CEO Sam Altman’s iris-scanning platform World ID to verify borrowers.Divine offers loans under $1,000 in the USDC (USDC) stablecoin, mainly to overseas borrowers underserved by traditional finance. It uses World ID to ensure users cannot open multiple accounts after defaulting.“We’re loaning to average folks like high-school teachers, fruit vendors . . . basically anyone with access to the internet can get access to our funds,” Divine founder Diego Estevez told the Financial Times. “This is microfinance on steroids.”Interest rates range from 20% to 30%, with a reported…
Key takeaways:XRP drops 19% from eight-year highs and 12% in 24 hours, with $113 million in liquidations.Analysts see the pullback as healthy, with $10-$15 upside targets still viable.XRP price is down 12.5% today, dropping in tandem with the broader crypto market, which has slipped 3% in the last 24 hours to $3.79 trillion. Despite this correction, analysts are terming this a “healthy pullback” with double-digit XRP price targets still in play.XRP drops 19%, sees $113 million in liquidationsXRP (XRP) price dropped as much as 19% to an intra-day low of $2.95 on Thursday from its multiyear high of $3.66, data…
San Francisco-based lender Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using OpenAI CEO Sam Altman’s iris-scanning platform World ID to verify borrowers.Divine offers loans under $1,000 in the USDC (USDC) stablecoin, mainly to overseas borrowers underserved by traditional finance. It uses World ID to ensure users cannot open multiple accounts after defaulting.“We’re loaning to average folks like high-school teachers, fruit vendors . . . basically anyone with access to the internet can get access to our funds,” Divine founder Diego Estevez told the Financial Times. “This is microfinance on steroids.”Interest rates range from 20% to 30%, with a reported…
San Francisco-based lender Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using OpenAI CEO Sam Altman’s iris-scanning platform World ID to verify borrowers.Divine offers loans under $1,000 in the USDC (USDC) stablecoin, mainly to overseas borrowers underserved by traditional finance. It uses World ID to ensure users cannot open multiple accounts after defaulting.“We’re loaning to average folks like high-school teachers, fruit vendors . . . basically anyone with access to the internet can get access to our funds,” Divine founder Diego Estevez told the Financial Times. “This is microfinance on steroids.”Interest rates range from 20% to 30%, with a reported…
Bitgo, a U.S.-based cryptocurrency custody provider, recently announced the establishment of a local office in Brazil, where it will aim to acquire customers from the banking sector entering the crypto business. The company will also offer insurance options for clients using their own solutions. Bitgo Establishes a Foothold in Brazil to Serve Banks Entering the […]
Ethereum is moving to proof-of-stake! The transition, known as The Merge, must first be activated on the Beacon Chain with the Bellatrix upgrade. After this, the proof-of-work chain will migrate to proof-of-stake upon hitting a specific Total Difficulty value.The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain — 11:34:47am UTC on Sept 6, 2022.The Terminal Total Difficulty value triggering The Merge is 58750000000000000000000, expected between Sept 10-20, 2022.Note: as announced earlier, the Kiln testnet is being sunset. Operators will shut down on September 6, 2022. Background Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here!…
Key Takeaways Ethereum is showing signs of strong accumulation and tightening supply, but lingering leveraged positions may trigger a sharp dip before any breakout. Ethereum [ETH] is walking a tightrope near $3,780; a price level that’s frustrating the bears but hasn’t yet rewarded the bulls as well. While on-chain data indicates strong accumulation, fresh liquidation charts suggest further shakeouts are ahead. With $2 billion in USDT minted and 244K ETH leaving Coinbase, big players may be positioning. But a dip to flush out leverage could come first. Decoupling in motion Ethereum has formed a higher low above $3,600 – a…
Bitcoin experienced heightened volatility on Friday, briefly dipping to a local low of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological $120,000 mark, with bulls and bears locked in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding key support, suggesting resilience in the current bullish structure. Related Reading According to CryptoQuant analyst Axel Adler, this week stands out as one of the most aggressive selling periods of the current bull cycle. Adler notes that only 12 weeks—about 7.3% of the entire cycle—have shown equal or…
Windtree Therapeutics (WINT), a biotech firm listed on Nasdaq, has recently made headlines by venturing into the cryptocurrency space, particularly focusing on Binance Coin (BNB). Just over a week after raising $60 million, the company announced a substantial partnership with Build and Build Corporation, unveiling a $200 million securities purchase agreement aimed at establishing a dedicated BNB treasury. In a surprising turn of events just six days later, the firm disclosed a strategic partnership with Kraken, which will reportedly provide services such as custody, trading, and over-the-counter (OTC) solutions for Windtree’s newly formed BNB treasury strategy. Windtree Therapeutics Partners With…
Is meme coin mania really back? In a space where traditional altcoins now compete with viral tokens for dominance, the answer is a thunderous yes. The landscape is shifting fast; tokens like Arctic Pablo Coin, Neiro, Degen, Goatseus Maximus, SPX900, Osaka Protocol, Book of Meme, and Notcoin are gaining explosive traction. These aren’t just internet jokes anymore; they’re ecosystem builders, staking powerhouses, and community magnets. This rising class of meme coins is captivating crypto watchers and fueling early-stage investment waves that have the potential to outshine even seasoned altcoin portfolios. What sets Arctic Pablo Coin apart, and why does it…