Tag Archives: DeFi

SEBA Bank Launches SEBA Earn to Enable Institutional Access to Crypto Earning Economy

SEBA Bank, a a fully integrated, FINMA licenced digital assets banking platform, today announced the launch of SEBA Earn, an institutional-grade solution enabling clients to earn yield on their crypto holdings.

The launch of SEBA Earn caters to growing demand from institutions to manage a range of digital asset yield use cases from staking to decentralized finance (DeFi), and centralized lending and borrowing. SEBA Earn’s comprehensive staking management platform will enable institutions and individuals to generate rewards from their crypto investment on networks including Tezos, Polkadot, and Cardano; with more protocols coming in the coming months.

As the DeFi industry has rapidly grown to reach a total value locked of over USD 80 billion, institutional investors are seeking trusted and regulated counterparties to provide services in the space. SEBA Bank will be the first regulated bank to offer a FINMA licenced gateway that will enable professional and institutional investors to access yields in permissioned DeFi protocols.

SEBA Earn will also provide support for centralized lending and borrowing services, enabling investors to generate yield by lending Bitcoin and Ethereum directly with SEBA Bank. As part of the ongoing development of SEBA Earn, SEBA Bank will continue integrating support for additional coins.

Guido Buehler, CEO of SEBA Bank, commented, “It is clear that as institutional interest in digital assets accelerates, investors have a broader appetite for crypto assets, with a particular interest in earning services like staking, DeFi and centralized crypto borrowing and lending. SEBA Earn, our comprehensive digital asset earning offering, provides professional and institutional players with a flexible platform and a trusted, regulated provider to securely enter the space. Innovation is a core tenet of our philosophy at SEBA Bank and I am excited to demonstrate our industry-leading innovation in delivering our clients the cutting-edge technology that they need to stay apace with the rapidly evolving digital assets industry.”

Ethereum Breaks Below 2750

Ethereum price is under severe selling pressure after the markets close. ETHUSD is now down 8.5% at 2748 hitting the daily low and the lowest level since August 6.

In Wall Street, the major indices ended at the daily low with Dow Jones and S&P 500 turning red after spending the entire trading session in positive territory. Investors fear that the liquidity crisis at Chinese real estate developers Sinic and Evergrande would lead to global contagion.

The sell-off in cryptocurrencies accelerates after the stock markets close. Bitcoin as of writing is 5.72% lower at 40511, Litecoin is 4.60% lower at 149.81 and Ripple is 4.93% lower at 0.8741. Cardano is 4.61% lower at 1.982.

J.P. Morgan analysts claimed that Ethereum (ETHUSD) is trading well above its fair value, based on Ethereum’s network activity and rising concerns about competition with other DeFi platforms. Strategist Panigirtzoglou, said that ETH fair value is around $1,500.

Ethereum price breached yesterday below the 50 day moving average while today is approaching the 100-day moving average at 3717. A break below that support could attract more sellers targeting the next support at the 200-day moving average around 2588.

Gemini to Support Ethereum 2.0 Trading and Staking

Gemini: This month marked the momentous launch of Ethereum 2.0 Phase 0. While the full implementation of Ethereum 2.0 (Eth2) will roll out in phases, we plan to support Eth2 trading and staking as soon as possible.

Ethereum is an innovative blockchain that has pushed decentralized applications, including decentralized finance (DeFi), forward. We look forward to continuing to support the Ethereum community and new developments as Eth2 transitions and reaches its next milestone — so that we can provide all of our customers with the ability to access and earn from the latest developments in crypto.

Onward and Upward,

Team Gemini