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Crypto

European exchange 21bitcoin starts paying interest on idle euro balances, paid in bitcoin

European crypto trading platform 21bitcoin has started paying 1.21 percent annual interest on uninvested euro balances left in customer accounts. Users can receive the interest in bitcoin without separate currency conversion fees. The interest is paid by German bank Volksbank Raiffeisenbank Bayern Mitte eG, which holds a stake in 21bitcoin, with customer funds kept in segregated trust accounts. The rate is variable and subject to German withholding tax.

Finance

Shinhan Bank surrogate will trust balance tops 1.5 trillion won; customer event launched

Shinhan Bank’s cumulative balance of surrogate will trusts has exceeded 1.5 trillion won. Cumulative sales this year also topped 1 trillion won, rising more than threefold from a year earlier. The bank said it will hold a customer event with digital storytelling service company Swen from Sept. 28 to Nov. 30, offering Alive story-recording passes to 600 new customers and all existing general contract customers.

Crypto

Bitcoin freeze debate grows over coins vulnerable to quantum threats

A debate is growing in the Bitcoin community over whether to restrict spending of coins that could be vulnerable in the era of quantum computers. The dispute goes beyond adopting new cryptography and raises questions about how far ownership rights should be protected and how network security should be ensured. Some developers warn that stolen coins could be sold and hurt trust. Others say forced freezes would undermine core principles by limiting ownership.