Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a significant digital asset hub has support from Beijing. Bank of...
The global fast-food giant Burger King placed Instpower power bank rental machines in Paris, which take crypto payments handled by cryptocurrency payment services Alchemy Pay and Binance Pay. Burger King and digital currency The crypto market has concentrated chiefly on adoption and growth....
Deutsche WertpapierService Bank AG has launched the wpNex platform enabling affiliated banks to offer bitcoin (BTC) trading to retail clients. Deutsche WertpapierService Bank AG enables bitcoin trading for banks Deutsche WertpapierService Bank AG (dwpbank), a key German player in the securities exchange controlling...
Kraken crypto exchange has reportedly informed its customers that as of March 27, deposits and withdrawals via ACH Silvergate and Plaid will no longer be available. Kraken cuts ties with Silvergate Jesse Powell’s Kraken crypto exchange has reportedly informed its users that as...
The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation. As regulators crack down on banking institutions dealing with digital assets, in what industry...
Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. Following the recent shutdown of Signature Bank, Brian Armstrong’s Coinbase crypto exchange has made it clear to its customers that Signet, the former’s real-time...
Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal...
Anthony Scamarucci, the founder of SkyBridge Capital, wants the United States Federal Reserve (Fed) to intervene in the aftermath of the Silicon Valley Bank’s (SVB) collapse. Anthony wants the Federal Reserve to intervene Analysts are calling for the Fed to push another investor or bank...
Caitlin Long, the founder and CEO of Custodia Bank, in a Twitter thread on Feb. 17, revealed that she handed over evidence to law enforcement agencies in the United States of probable crimes committed by a big crypto firm and even warned regulators...
U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. These measures could force more crypto businesses to move offshore to jurisdictions with friendlier cryptocurrency regulations. Unbanking crypto Crypto firms...