River has announced a new feature dubbed, ‘Bitcoin Interest on Cash’
The product allows customers to get BTC for interest earned on their cash deposits.
The US-based platform will offer a 3.8% interest on the cash deposits.
User funds are FDIC-insured via its partnership with Lead Bank, the exchange said in a press release.
River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in Bitcoin on their cash deposits.
The new product is ‘Bitcoin Interest on Cash’, River revealed in an announcement on Tuesday. According to the company, the feature will allow customers to earn a 3.8% interest on their cash deposits.
Introducing 3.8% Interest on Cash—Paid in Bitcoin!
Stop letting your cash lose value to inflation, even in “high-yield” accounts.
Unlock the predictability of dollars with the opportunity to build real wealth in Bitcoin. Only on River. pic.twitter.com/EDr7jpMAPC
River is not a bank. Howver, it has partnered with Federal Deposit Insurance Corporation (FDIC)-registered Lead Bank to insure customer’s deposits up to $250,000. It means users’ money in Lead Bank will benefit from FDIC insurance, with customers protected against a failure for the bank.
River says users can withdraw their funds at any time.
“In a world where traditional savings accounts are unable to fully protect your wealth, Bitcoin Interest on Cash offers a new path forward. By combining the predictability of cash with the opportunity of bitcoin, we’re empowering you to take control of your financial future,” Alex Leishman, chief executive officer at River, noted.
Swan CEO Cory Klippsten commented on River’s new product:
I like @river’s new product, paying 3.8% interest for a USD account in Bitcoin.
It’s a simple automatic conversion of USD->BTC for the interest you’ve earned.
I get 4.52% interest on cash, so I’d consider the foregone 0.72% the transaction fee. Not earth shattering, but cool!
According to the exchange, the 3.8% interest could be huge as Bitcoin price looks to rally. The same earnings over the past two years, for instance, could have returned 16 times the average savings account.
Bitcoin traded around $67,500 on Tuesday, October 22, 2024.
The current BTC price is up over 125% in the past year. Notably, the gains were much higher when BTC raced to its all-time high above $73,000 in March.
Cardano (ADA) was at the center of interest a few years ago, but many investors now wonder if it has lost its ‘wow’ factor. The coin, which is relatively steady and has built a good system of development, reached its maximum in 2021 and has since been experiencing slower growth. However, some traders believe that Cardano isn’t over, but should not be a primary focus for traders looking at explosive long-term growth. On the other hand, projects like Rexas Finance (RXS) are emerging and a growing number of traders believe that RXS may offer more upside than ADA during the 2025 rally.
Is Cardano dead?
So, is Cardano dead in the real sense of the word? The answer is no. Despite facing declining interest over the years, Cardano has still striven to remain on course as a secure and relatively stable network. The design philosophy that underpins Cardano is very conservative, and therefore, it has been pretty slow in deploying updates and new features. Such a strategy appeals to the subset of investors who are more conservative and abhor speculation. Cardano also stands out because of its dedication to enhancing the ecosystem. Its smart contract platform allows for decentralized applications (dApps) and this still has room for growth in the years to come.However, for investors in the parabolic gains segment who are at present considering Cardanol, its relatively stagnant growth may not be the most compelling option. As of today, Cardano has lost significant ground at $0.3605, which is a 65.75% price drop since the March 2024 peak. The downtrend may be slow but that’s a far cry from the previous, and many are seeking alternative bets that are more enticing.
Why Rexas Finance (RXS) could beat ADA
The other such opportunity is Rexas Finance (RXS), a new RWA token that traders think will beat its predecessor within the next few years. Rexas Finance addresses the real-world assets market and a crypto trader says RXS ‘will have an easy time ‘ surpassing ADA this 2025 rally.Many investors already find the presale price of this token appealing as it is pegged at $0.060, which is more than 100% appreciation compared to the first presale price of $0.030. Rexas Finance has been outlined to be listed at $0.2 but could then skyrocket to $16 according to some forecasts, which would represent an astonishing 26,500% appreciation by the year 2025.
However, one may ask, what will enable Rexas Finance to outdo Cardano? A simple explanation is that this allows actual functioning in the asset class market. Rexas Finance provides a platform that enables users to purchase asset fractions of tokenized assets such as real estate, art, and other physical commodities. This means that investors will be able to access the global market for assets without barriers of geography or capital.
For instance, one person in one part of the world can, with just a few clicks, own a section of a well-appointed property located in another part of the world. This freedom provides new avenues for clients and property managers alike on how to tokenize and exchange pockets of interest in investment assets. Thanks to the efficient token builder tool that it offers, Rexas Finance can let even non-tech people securitize their physical assets without coding. It is compatible with various token standards which include ERC-20, ERC-721, and ERC-1155 making it very useful and expandable. Investors can also look for funding for their tokenized assets from the Rexas Launchpad creating a lively environment for the functional development of the ecosystem.
Tracking Rexas Finance (RXS) on CoinMarketCap
Once Rexas Finance gained some traction, it has now been included in the listings at CoinMarketCap. This listing allows investors to keep a keen eye on the price changes, their news, and the developments of RXS. Having RXS on a reputable site such as CoinMarketCap helps Rexas Finance reach a wider audience, offering investors the proper tools to manage their investments and helping them to choose proper actions.
Presale opportunity and $1,000,000 giveaway
To encourage early investors, Rexas Finance gives them an interesting opportunity to engage in its presale. As such, the project is conducting a $1,000,000 giveaway, in which 20 random participants are to receive $50,000 each.By coming on board early in the presale, there are strong possibilities to benefit from the giveaway while it lasts, and also your investment could grow with the anticipated increase in the value of the RXS token.
Conclusion
While Cardano remains a stable and secure platform, its slow growth might not appeal to investors looking for fast gains. Rexas Finance, on the other hand, offers a compelling alternative, with its innovative real-world asset tokenization and impressive growth potential. As the 2025 rally approaches, some traders are increasingly optimistic about Rexas Finance’s ability to outperform ADA, with some of the most optimistic forecasts predicting a 26,500% surge by the end of next year. Getting listed on CoinMarketCap and launching a $1,000,000 giveaway in its presale stage, Rexas Finance is positioning itself as an opportunity for anyone who’s been waiting to invest in the next big crypto.
For more information about Rexas Finance (RXS) visit the links below:
Buenos Aires has launched a digital identity service called QuarkID that uses zero-knowledge proofs.
The service enables privacy by verifying documents without revealing personal data.
QuarkID will expand nationally, with pilots in other Argentinian regions underway.
The city of Buenos Aires has unveiled a groundbreaking digital identity service called QuarkID, aimed at enhancing residents’ privacy through advanced cryptographic technology known as zero-knowledge proofs.
Integrated into the miBA app, a platform that has facilitated access to municipal services for the past seven years, QuarkID seeks to give approximately 3.6 million porteños greater control over their personal information.
Zero-knowledge proofs allow users to verify the authenticity of documents without revealing unnecessary personal data. For instance, residents can confirm their age when purchasing alcohol without disclosing their full birthdate or address.
This approach is designed to empower citizens by providing a self-sovereign identity system that prioritizes privacy and security. “The decision from the beginning was to create a self-sovereign identity system so that citizens can have privacy and security over the documents they acquire ownership of,” stated Diego Fernandez, Buenos Aires’ secretary of innovation and digital transformation.
While zero-knowledge proofs can function independently of blockchain technology, QuarkID utilizes the Ethereum layer-2 network ZKsync Era, which serves as a “security anchor.” This ensures that data can be proven to exist in a specific form at a specific time, thereby reducing the risk of identity theft and fraud.
Users can upload more than 60 types of documents, including birth certificates and vaccination records, with additional documents expected to be added in the coming months. Importantly, no third party, including the municipality, has control over these documents, significantly mitigating the risk of data breaches.
The initiative promises to reduce costs for the government compared to traditional methods of document management, and the pilot program is set to expand beyond Buenos Aires to regions like Jujuy and Tucumán, as well as small towns such as Luján de Cuyo.
Fernandez emphasized the potential for national scaling, stating that technology developed in Buenos Aires could be implemented throughout Argentina and even in other Latin American countries, such as Uruguay.
Chris Larsen donated $9.9 million to PAC Future Forward and $800,000 to the Harris Victory Fund
Larsen is one of the crypto industry’s biggest donors in the 2024 election campaign
Brad Garlinghouse said that Ripple will continue to talk with Democrats and Republicans during and after the election campaign
Chris Larsen, co-founder and executive chair of Ripple, has donated $10 million worth of XRP to Vice President Kamala Harris’ election effort.
In a post on X, Larsen – who donated $1 million in XRP to the pro-Harris Future Forward political action committee (PAC) in August – said he’s donating a further $10 million in support of the Harris campaign.
In his message, Larsen said: “It’s time for the Democrats to have a new approach to tech innovation, including crypto.”
It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK
According to a report from CNBC, Larsen donated $9.9 million to Future Forward and $800,000 to the Harris Victory Fund. His donations have made him one of the crypto industry’s biggest donors in the 2024 election campaign.
In response to Larsen’s message, Brad Garlinghouse, CEO of Ripple, said on X that he “respects Chris’ (and everyone’s) right to support whomever they think is best to lead the US,” adding:
“Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. It’s not about party lines; it’s about championing policies that drive blockchain and crypto innovation.”
The rise in crypto donations
The crypto industry has donated around $190 million in political donations so far in the 2024 US election cycle. This is a massive rise compared to the 2020 election when $15 million was donated. Of the $190 million, over $130 million has been spent in congressional races.
Crypto super PAC Fairshake remains the largest in the election, raising over $202 million, according to Open Secrets, a research group that tracks money in US politics.
Bitcoin Dogs will launch its game by the end of the month.
$0DOG is up 12% in the last 24 hours as it climbs above $0.010
Bitcoin Dogs to roll out its game by month-end
The Bitcoin Dogs team has revealed that it will launch its Web3 game by the end of the month. In an X post over the weekend, Bitcoin Dogs told its community to prepare to earn big.
Bitcoin Dogs’ Telegram-based Play-2-Earn (P2E) game looks to leverage the millions of users already playing several Telegram games. The Telegram game will feature an in-game currency known as Bark, which players are expected to earn by playing.
What is Bitcoin Dogs?
The cryptocurrency market performed excellently over the last seven days, with Bitcoin touching the $69k level again. This allowed new projects like Bitcoin Dogs to recover from their recent bearish move and rally higher.
Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem. The project is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain.
Bitcoin Dogs raised $13 million during its presale and is now using the funds to integrate basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project.
$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools.
$0DOG surges by 12%
$0DOG is recovering from its recent slump and has added more than 12% to its value in the last 24 hours. Thanks to this rally, Bitcoin Dogs now trades above $0.010 per coin.
Bitcoin Dogs is up 69% from its all-time low but is still down from the $0.01792 all-time high it set two months ago. In the last seven days, $0DOG added 58% to its value, outperforming Bitcoin and the broader crypto market.
Investors are still taking advantage of the recently launched $0DOG-ETH LP Farm, as it offers an APY of 447%.
Should you buy the Bitcoin Dogs token now?
The crypto market is recovering from its recent slump and could surge higher ahead of the upcoming presidential election in the United States. $0DOG is down from the all-time high of $0.01792 it achieved two months ago.
After adding 58% to its value in the last seven days, Bitcoin Dogs could surge higher as the team rolls out new products, including its upcoming Web3 game. These developments could push $0DOG’s price higher in the medium to long term.
