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Bitcoin's Volatility Spawns New Crypto Balance Sheet Alternative

(Bloomberg) Corporate treasurers fed up with rock-bottom returns on their cash are about to get another pitch from the world of crypto.Circle Internet Financial Ltd., one of the digital-asset firms behind the so-called stablecoin dubbed USDC that is pegged 1-to-1 to the dollar, has cooked up an alternative for the legions too conservative to follow the likes of Elon Musk and Jack Dorsey into Bitcoin. Park your extra cash in USDC and earn as much as 7% annually through high-yield accounts, the marketing says more than 10 times the return on an ultra-safe 1-year Treasury bill.The idea may be appealing to some treasurers who were initially seduced by the big gains in crypto, especially following Bitcoin’s roughly 40% decline since mid-April. Stablecoins such as USDC are gaining increased attention because of their ability to maintain their pegs during the wild crypto price swings, suggesting they could actually serve as a store of value. Even so, not all long-term digital marke ....

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BitGo Blog: Discusses Bitcoin's First Movers and Growing Mainstream Acceptance as More Institutional Investors Embrace Cryptocurrencies


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Meet the 30 Private & Public Companies with Bitcoin Reserves Totaling Over $55 Billion
BitGo, the leading digital asset financial services company, issued a blog post discussing 30 private and public companies that are the first movers to add Bitcoin to their balance sheet or portfolios.
Bitcoin has attained newfound ubiquity over the past year, with prominent figures ranging from Bridgewater s Ray Dallio to Tesla s Elon Musk acknowledging the viability and utility of the asset class. Often referred to as ‘digital gold, Bitcoin is supported by a resilient, peer-to-peer global ledger called a blockchain. Like gold before it, Bitcoin is perceived to be a hedge against rising inflation of the dollar and other global fiat currencies. Bitcoin s popularity and adoption as a reserve asset has further increased over the past year due to the fallout from the Covid-19 pandemic and subsequent monetary expansion. ....

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Bitcoin accounts offer 3% rates in a low-interest world


Bitcoin accounts offer 3% rates in a low-interest world
Just don’t compare these to your standard savings account.
Compártelo:
2 febrero, 2021
The era of earning decent interest rates on savings may not be returning anytime soon, as the global economy struggles to recover from the
Covid-19pandemic. Yet a new crop of financial products has emerged offering eye-popping annual rates of 3% to 12%. The catch? The deposits have to be in
Bitcoinand other cryptocurrencies.
These types of incentives, once offered by a handful of crypto outfits such as BlockFi, have been proliferating as competition between exchanges heats up. With Bitcoin surging seven-fold since March and mainstream institutions embracing crypto like never before, companies are seeing an influx of new investors opening accounts. ....

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