Update on Availability for US Customers
Abra Blog
by Bill Barhydt
8M ago
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 are being wound down for US users.  Below is your timeline for accessing each of Abra’s services in the US. Note that Abra users outside the US remain unaffected by these changes. Abra EarnFor Abra US users with a balance in Abra Earn –  All Abra Earn accounts in the US will be shut down on August 15, 2023. Any balances that you have ..read more
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A Message from Our CEO, Bill Barhydt, Regarding FTX
Abra Blog
by Rolando Quispe
1y ago
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 have no material exposure to FTX or the FTT token. Abra did use FTX for some tradin ..read more
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Crypto 101: Stellar XLM
Abra Blog
by Courage Kimber
1y ago
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 ..read more
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Bill & Ted’s Bitcoin Adventure
Abra Blog
by Courage Kimber
1y ago
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 is due to the demand for Bitcoin and the crypto community’s belief in and adop ..read more
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Post Ethereum Merge: All You Need To Know
Abra Blog
by Abra Global
1y ago
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, and what it means for ETH holders. How Does The Merge Exac ..read more
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Abra Boost is Here!
Abra Blog
by Abra Global
1y ago
As part of the process of forming Abra Bank in the U.S. and Abra International outside the U.S. (announced on Sept 12, 2022), Abra has launched Abra Boost! Abra Boost is a new product offering that will enable all qualified investors to deposit and earn interest on their digital assets. Abra Boost is available to all non-U.S. individuals, institutional investors, and U.S. individuals who are accredited investors. This requirement will be in effect until Abra Bank launches in the U.S. Note: Outside the U.S., Abra Boost is available to all individual and institutional investors with no additiona ..read more
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How to Keep Up with Crypto’s 24/7 Trading Cycle
Abra Blog
by Abra Global
1y ago
Crypto doesn’t sleep. Wall Street is open from 9:30 am to 4:00 pm ET, Monday through Friday, with limited after-hours trading. And don’t forget all the market holidays. In contrast, the crypto market operates on a 24/7/365 trading cycle.  With the constant ebbs and flows of the crypto market, how can a person keep up? Here are some tips and tactics to keep up with crypto: Learn Crypto Vocabulary Terms like “buy the dip” and “FOMO” have become part of the lexicon for stock trading. However, crypto has many unique terms that often make it difficult for newcomers to understand what is going ..read more
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The Bitcoin Halvening: What you need to know?
Abra Blog
by Abra Global
1y ago
The Bitcoin Halvening is arguably the most important recurring event in the crypto world, and one that has historically influenced the crypto market in a significant way. This article will help to explain what the halvening is, why it’s meaningful, and how to prepare for the next BTC halvening event. What is the Bitcoin Halvening, and Why is it Important? The Bitcoin Halvening, or the Bitcoin Halving, is an event that takes place approximately every four years or every 210,000 blocks, where the block reward paid out to crypto miners is cut in half. It’s a significant event for Bitcoin because ..read more
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Abra Announces Abra Bank and Abra Boost
Abra Blog
by Abra Global
1y ago
Earlier today, at SALT New York 2022, Abra announced that we are in the process of forming Abra Bank, a US state-chartered institution, that will serve our customers in the US; and Abra International, a fully regulated digital asset business outside the US, that will serve our customers outside the US. Abra Bank, when it launches, will be the first regulated bank in the US that will enable our customers in the US to deposit and bank with digital assets, and access global fiat on and off ramps. Abra International, when it launches, will enable the same for our customers outside the US. Why is A ..read more
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Tether: Abra’s Coin of the Week
Abra Blog
by Abra Global
1y ago
Tether is the creator of the crypto market’s most popular stablecoin, USDT – a token Tether claims to be backed by tangible assets – that holds its value as an equivalent to the U.S. dollar.   Stablecoins provide utility to traders that need to settle dollar costs but don’t want to incur fees cashing out tokens for fiat currency.   While USDT is by far the most popular stablecoin that the Tether Foundation issues, they also issue other tokens such as XAUT (equivalent to one troy ounce of gold) and EURT (equivalent to one Euro).  With independent assurance opinions, Tet ..read more
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