Given the current regulatory uncertainty facing crypto and digital asset service providers in the United States, Abra has made the difficult decision to focus our retail efforts outside the USA for the time being. As a result Abra Trade, Earn and Borrow have been wound down for US users. You should withdraw your remaining crypto assets in Abra Trade immediately. Note that Abra users outside the US remain unaffected by these changes. Abra Trade You should withdraw your remaining crypto assets in Abra Trade immediately.
To Our Valued Customers & All Crypto Enthusiasts Across the Globe, Our hearts go out to everyone affected by the current situation with FTX and their sister company Alameda. Dealing with financial losses is never easy and this is likely a hardship for many people affected. In light of these events, I want to share a few important updates: No Exposure to FTX and Alameda: I can report that Abra’s retail, lending and private crypto wealth management businesses don’t have any exposure to Alameda and
Stellar (XLM) is a Layer-1 blockchain with roots in cross-border transactions/remittances and operating as a decentralized peer-to-peer network for payments and asset tokenization. Established in 2014 by the Stellar Development Foundation, Stellar has processed over 2 billion transactions from 6.5 million individual accounts. Stellar officially launched in 2015, founded by Jed McCaleb and Joyce Kim after their departure from Ripple (XRP). McCaleb’s objective was to reduce the friction caused when converting fiat to crypto. Initially, the Stellar project was intended for people in developing
It’s been ten years since Abra’s Founder & CEO, Bill Barhydt, delivered the first TED Talk on Bitcoin. Let’s look back at Bitcoin in the early days and how it evolved. Bitcoin Price Today vs. Ten Years Ago The price of Bitcoin is a testament to cryptocurrency’s adoption and the crypto market’s supply-side economics. During Bill’s TED Talk, he mentioned the price was currently “around $5.00”. Yes, you heard it right, $5.00! As of October 12th, the price of Bitcoin is $19,156.91. Bitcoin’s price appreciation
One of the most anticipated upgrades in the history of the cryptocurrency sector is now live. Though there have been delays, the “Ethereum Merge” passed several vital milestones this summer and has successfully launched as of September 15th, 2022. There is a lot of misinformation about “The Merge,” so let’s separate fact from fiction. This article will walk you through the most important things you need to know about the Ethereum Merge. Learn precisely how “The Merge” works, the most common misconceptions, the key benefits,