Finance

What is a skipped payment mortgage? A deferred payment mortgage is a home loan product that allows a borrower to skip one or more payments without any penalty. Interest accrued during skipped periods will instead be added to the principal, and monthly payments will then be recalculated once they resume. Deferred payment mortgages are most common outside the United States, …

XRP, the digital asset native to XRP Ledger used by Ripple’s On-Demand Liquidity (ODL) service is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, following the launch of Ripple’s partnership with forex company Travelex. Digital payment network Ripple announced on Thursday that foreign exchange company Travelex will utilize RippleNet’s ODL to facilitate cross-border payments between …

What is a paying agent? A paying agent – ​​also known as a “disbursement agent” – is one who accepts payments from the issuer of a security and then distributes the funds to holders of the security. Paying agent explained Paying agents are typically a corporate fiduciary department of a bank or trust company that is appointed to make dividend, …

Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss. In a newly released white paper on Tuesday called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, TraderWaWa, Hanzo and software engineer Louis MeMyself, the developers outlined the use of Liquidity …

According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers …

Amid the ongoing crypto winter, new data from a Pew Research Center survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. Conducted from July 5-22 of …

Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss. In a newly released white paper on Tuesday called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, TraderWaWa, Hanzo and software engineer Louis MeMyself, the developers outlined the use of Liquidity …

The Securities Commission (SC) of Malaysia issued a statement on Monday regarding Huobi’s operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List. Malaysian financial regulators say Huobi has been operating a digital asset exchange in the country without official registration with the SC. Huobi Global [https://t.co/la9Y3ntGuq] has been added to …

The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles. Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from …

Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency. In a Tuesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Celsius’ legal team brought a complaint against Prime Trust, alleging the company did not return $17 million worth of crypto …