| Mobile Web

All articles List

Crypto

Fidelity seeks to add staking to Ethereum spot ETF FETH

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.

Finance

Hana Bank to offer free 'contract safety rights insurance' to young lease loan customers

Hana Bank will provide young customers taking out jeonse rental deposit loans with a free rights insurance policy that covers potential fraud during the monthly or jeonse rental contract process. The bank said it will offer the jointly developed policy with Hana Insurance to 10,000 new young loan customers. The insurance covers fraud-related losses up to 300 million won, but excludes simple non-return of deposits after contract end.

Crypto

Five years on, was El Salvador's bitcoin legal tender experiment a failure?

Five years after El Salvador adopted bitcoin as legal tender, the expected benefits such as greater financial inclusion and lower remittance costs appear limited. Studies found usage concentrated among young, urban, educated men and existing bank users, while the government’s Chivo wallet did not significantly improve access for the unbanked. Bitcoin’s remittance share fell, and policy later retreated as the country agreed to IMF support and revised its bitcoin law.