Web Financial Group (WebFG), a leading independent provider of digital transformation solutions, entered a strategic product partnership with CryptoCompare, the global leader in digital asset data.

The Ontario Securities Commission (OSC) has approved Canada’s second bitcoin exchange-traded fund (ETF), approving Evolve’s bitcoin ETF to trade on the Toronto Stock Exchange.

 

A survey by Gartner has found that only 5% of financial executives plan to invest and hold bitcoin as a corporate asset this year, despite the growing corporate adoption of BTC.

St. Louis Federal Reserve President James Bullard has revealed he believes increasing interest in bitcoin does not pose a serious threat to the U.S. dollar as the world’s reserve currency.

Sponsored: Holdefi is an Ethereum-based open-source and non-custodial landing protocol. It is powered by smart contracts and allows everyone to lend and borrow with their crypto assets.

Top stories in the Crypto Roundup today:

• WebFG and CryptoCompare to Provide Financial Institutions with Digital Solutions
• Ontario Securities Commission Approves Second Bitcoin ETF
• Only 5% of Financial Execs Plan to Hold Bitcoin, Survey Shows
• Bitcoin Poses no Threat to the Dollar, Says Fed’s President
• Sponsored: Holdefi Disrupts The DeFi Lending Market Through Innovative Mechanisms

WebFG and CryptoCompare to Provide Financial Institutions with Digital Solutions

Web Financial Group (WebFG), a leading independent provider of digital transformation solutions, entered a strategic product partnership with CryptoCompare, the global leader in digital asset data.

Under the partnership, WebFG and CryptoCompare will provide the financial industry, including brokers, trading desks, asset managers, and more, with global coverage of over 5,000 coins and over 200,000 crypto and fiat trading pairs.

The partnership will also see both firms provide seamless digital platforms and services including API, widgets, and integrated solutions. WebFG leverages data technology to deliver innovative products — such as a market and financial data solution, a financial information platform, an investment platform and customized solutions — to its 250+ financial services clients.

CryptoCompare’s data will allow WebFG’s clients to meet pre-trade and post-trade regulatory obligations for FinSA, including the provisioning of all required information and regulatory documents

Ontario Securities Commission Approves Second Bitcoin ETF

The Ontario Securities Commission (OSC) has approved Canada’s second bitcoin exchange-traded fund (ETF), approving Evolve’s bitcoin ETF to trade on the Toronto Stock Exchange.

James Seyffart, ETF research analyst at Bloomberg Intelligence, said:

“Evolve was the first to file for a bitcoin ETF in the U.S. It’s a promising sign if there are no issues with launching a bitcoin ETF in Canada. … The U.S. regulatory framework tends to be a lot more in line with things that happen in Canada.”

The approval follows the regulator’s approval of Purpose Investment’s bitcoin ETF on Thursday. Both ETFs have a management fee of 1%. These funds are seen as an easy way for investors to gain exposure to bitcoin without holding the asset itself and managing private keys, and without dealing with premiums from other funds.

Only 5% of Financial Execs Plan to Hold Bitcoin, Survey Shows

A survey by Gartner has found that only 5% of financial executives plan to invest and hold bitcoin as a corporate asset this year, despite the growing corporate adoption of BTC.

84% of respondents, representing 77 firms, told Gartner they were spooked by 2financial risk due to volatility of bitcoin” when considering an investment in the cryptocurrency. 16% of polled executives noted they expect their corporations to be investing in cryptocurrencies by 2024 or later.

While Gartner found no difference between large and small organizations, it found 50% of respondents from the tech sector could not rule out a cryptocurrency investment.

Bitcoin Poses no Threat to the Dollar, Says Fed’s President

St. Louis Federal Reserve President James Bullard has revealed he believes increasing interest in bitcoin does not pose a serious threat to the U.S. dollar as the world’s reserve currency.

Speaking to CNBC on “Squawk Box,” Bullard said:

“I just think for Fed policy, it’s going to be a dollar economy as far as the eye can see — a dollar global economy really as far as the eye can see — and whether the gold price goes up or down, or the bitcoin price goes up or down, doesn’t really affect that.”

Bullard argued that people don’t “want to go to a nonuniform currency” when conducting everyday transactions. He stressed bitcoin is not a threat as its competition to the U.S. dollar isn’t new, but argued investors “want a stable store of value, and they want to conduct their investments in that currency.”

Holdefi Disrupts The DeFi Lending Market Through Innovative Mechanisms

Тhe company introduces a new borrowing-adjusted mechanism, never seen in DeFi protocols before

Holdefi is an Ethereum-based open-source and non-custodial landing protocol. It is powered by smart contracts and allows everyone to lend and borrow with their crypto assets.

What Makes Holdefi Stand Out?

Holdefi is combining the security features of CeFi ecosystem with the privacy of DeFi. It is the first decentralized protocol to introduce and utilize the following groundbreaking
mechanisms into a single DeFi lending protocol:

• Separation of supply and collateral pools: Users funds are protected from breaches and hacks,
  similarly to what CeFi provides against DeFi
• Borrowing-adjusted mechanism: Borrowing interest rates are calculated automatically based on the market and competitive conditions, providing lower, more competitive rate and more stable repayment rate
• Liquidity: The separation of pools allows withdrawals to be made at any time, unlike other DeFi protocols, in which users have to wait for liquidity to become available

Deposits and borrowing can be performed with the following cryptocurrencies: USDC, DAI, USDT, TUSD, BUSD, WBTC, BAT and others.

The HLD Governance Token

Holdefi issued its HLD governance token in order to attain a full-decentralized status. The token allows users and investors to participate in the governance of the protocol. HLD token owners can discuss, propose and vote on any future changes and improvements to the Holdefi protocol. The ultimate goal is Holdefi protocol to become community-driven.

HLD Token Sale

The private sale stage runs between 15th Jan 2021 – 20th March 2021. Private investors can buy HLD tokens at a heavily discounted price of $0.49 per token, and after that period the token price will increase to $0.625. To register your participation interest, please visit Holdefi`s investors page.

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