Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators. Nexo announced the termination in a Feb. 10 blog post saying the product would be stopped on Apr. 1. The program allowed users to earn daily compounding yields on certain cryptocurrencies by loaning them to Nexo. An update for our U.S. clients.https://t.co/wRiDOPKEqg — Nexo (@Nexo) February 11, 2023 Nexo pointed to its Jan. 19 settlements with the Securities and Exchange Commission (SEC) and the …

Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yields on their crypto holdings. In a Wednesday announcement, SEBA Bank said investors could use its Bitcoin (BTC) and Ether (ETH) lending services to generate yields as part of its SEBA Earn program. According to the bank, which focuses on offering digital assets, it planned on integrating support for other cryptocurrencies. “As institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services such as staking, DeFi and centralized crypto borrowing and lending,” said SEBA Bank CEO …

Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money. One DeFi focused project that has been gaining attention over the past week as the mainstream world slowly opens itself to the possibilities of DeFi is Enzyme Finance (MLN), a protocol focused on on-chain asset management that allows users to “build and scale vaults based on the investment strategies of their choice,” according to the projects website. Data from Cointelegraph Markets Pro and TradingView …

tZERO ATS, a broker-dealer which facilitates the secondary trading of digital security tokens, has partnered up with commercial real estate and finance platform Earn.re, according to a joint announcement on March 3. The partnership will allow commercial property issuers on Earn.re to provide extra liquidity for the trading of digital assets on tZERO ATS, subject to the platform’s due diligence. Earn supplies software solutions for the issuance of digital securities backed by real estate. Its users can employ blockchain technology to finance commercial real estate and create fractional shares of debt instruments and equity backed by real estate. tZERO CEO …

Chief technology officer at major United States-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure from the company on Twitter on May 3. In his tweet, Srinivasan said that he had enjoyed his time at the exchange and that he will now take time off “to get back in shape — and up to speed on everything happening” when he was busy working at Coinbase. In his career, Srinivasan also co-founded non-profit crypto research and advocacy agency Coin Center, bitcoin (BTC) earning platform Earn. He was CEO of Earn when it was acquired by Coinbase in April of last year …

A digital money platform is challenging rivals by offering instant transfers from a greater number of cryptocurrencies, fiat currencies, and commodities – all with the ambition of reducing the seemingly endless costs and fees customers face. According to Uphold, it is free to open an account on its platform and transfer funds from bank accounts – and there are also low costs and no limits attached to sending or receiving money (if it is the same currency) to other Uphold members, whether they are down the street or on the other side of the world. This format is especially useful …