Turkey’s central bank banned the use of cryptocurrencies to pay for goods and services. The central bank said that cryptocurrencies pose significant risks. Bitcoin has been a popular investment in Turkey since the local currency Lira has performed poorly in the past few years.
Liquity, a new “interest-free loan” decentralized lending protocol has attracted $1 billion in total value locked (TVL) in just 10 days. The new lending protocol is backed by Pantera Capital and offers interest-free loans against Ethereum collateral. Users have to maintain a minimum collateral ratio of 110%.
Larry Fink, CEO of Blackrock, one of the worlds largest asset managers, said in a recent interview that “crypto may become a great asset class” but equally that crypto is not a “substitute of currency.” He seemed to be more bullish on stablecoins or “cryptocurrencies of dollars” as he called them.
Top stories in the Crypto Roundup today:
- Turkey Bans Use of Cryptocurrencies for Payments
- DeFi Protocol Attracts $1 Billion Total Value Locked in First 10 Days
- Blackrock CEO: Crypto ‘May Become a Great Asset Class’ But Isn’t a Substitute for Currency
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptocompare.com/email-updates/daily/2021/apr/16/
