SEBA Bank Launches ETH Staking, Ripple Confirms CBDC Announcement, Voyager Digital Asset Auction

Written by Crypto University

September 8, 2022

SEBA Bank Launches ETH Staking

SEBA Bank, a Switzerland-based financial institution, is launching ETH staking services as the Merge nears. The services will allow customers to earn rewards every month. It will also enable them to adjust lock-up periods post Merge.

Switzerland-based SEBA Bank, a global cryptocurrency lender, has introduced Ethereum staking services to enable clients to earn staking rewards on Ethereum.

“The Ethereum merge is an anticipated and significant milestone for the second-largest cryptocurrency, delivering improvements for its users across the areas of security, scalability, and sustainability. The launch of our Ethereum staking services will enable institutional investors to play a key role in securing the future of the network via a trusted, secure, and fully regulated counterparty,” said Mathias Schutz, Head of Technology and Client Solutions at SEBA Bank. 

According to Schutz, SEBA’s institutional grade staking services offer a comprehensive and fully integrated platform for earning rewards from investments across a range of leading PoS crypto networks. By launching support for Ethereum staking services. SEBA Bank aims to bring clients the cutting-edge technology they need to stay ahead of the rapidly evolving digital assets industry.

Ripple Confirms CBDC Announcement 

Ripple, a U.S. blockchain solutions company, may soon have some positive announcements on its Central Bank Digital Currencies (CBDC). According to Anthony Welfare, one of its top advisors, Ripple is one of the companies involved in projects responsible for developing digital state currencies. 

“Ripple offers a complete platform for minting, managing, transacting, and destroying CBDCs. Each solution is built on a private ledger that is based upon XRP Ledger technology—a proven blockchain that has transacted over 70 million times over 10 years and is trusted by financial institutions around the world,” states Ripple on its website.

Currently, more than 80 countries worldwide are considering the creation of their CBDCs. Earlier this year, Ripple announced their collaboration with the Digital Euro Association (DEA). The DEA is a think tank studying and developing projects related to stablecoins and digital state currencies. In addition, Ripple has partnered with the Digital Dollar.

Voyager Digital Asset Auction

Voyager Digital, a U.S. – based cryptocurrency platform, is holding an auction of assets on September 13 for qualified bidders. This comes after the company filed for bankruptcy two months ago. 

According to a court document filed Tuesday, the auction will begin at 10 a.m. ET on September 13. Eligible bidders in the auction will determine who will purchase Voyager’s assets. A hearing on September 29 will approve the results.

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