SCBX announced its acquisition of Bitkub in November last year. The Thai Securities and Exchange Commission raised issues over Bitkub’s listing of a token last month. SCBX Pcl, the oldest commercial lender in Thailand, has pulled out of a deal that would have seen the financial behemoth acquire cryptocurrency exchange Bitkub. The lender announced that …
Thailand’s SCBX scraps $500 million acquisition of Bitkub Read More »
Crypto exchange Coinbase has launched Ethereum liquid staking token ahead of Ethereum’s migration to a proof of stake protocol. Coinbase, one of the leading crypto exchanges in the world, announced via a tweet on Wednesday, August 24th, that it has launched its liquid staking token called, Coinbase Wrapped Staked ETH (cbETH). This latest development comes …
Coinbase introduces liquid staking token ahead of the Ethereum Merge Read More »
Ex-SEC Chair Jay Clayton, who left the US securities watchdog in December 2020, joins Electric Capital as an advisor. Electric Capital has also tapped Kevin Warsh, a former Federel Reserve Board of Governors member and Meta Platforms’ Pratiti Raychoudhury. Crypto is seeing a new trend with these kind of appointments and hires. Jay Clayton, a …
Former SEC Chair Jay Clayton joins crypto VC Electric Capital as an advisor Read More »
The $100 million DAI loan is the first collaboration between MakerDAO and a US regulated bank. MakerDAO has announced its “first commercial loan collaboration” with a US-regulated bank, opening up the realm of possibility between real-world finance and decentralised finance (DeFi). The loan programme, set to debut at $100 million DAI, will help Huntingdon Valley …
MakerDAO announces $100M DAI loan participation with US-based Huntingdon Valley Bank Read More »
Singapore-based crypto lender Hodlnaut has revealed a financial shortfall of $200 million as it seeks court protection. Embattled crypto lender Hodlnaut revealed in a court affidavit filed earlier this month that it has suffered a financial shortfall of $193 million. This is according to a report by The Block earlier on Monday. The affidavit revealed …
Hodlnaut reports nearly $200 million financial shortfall as it seeks court protection Read More »
Financial Conduct Authority (FCA) has given a nod to the acquisition of a UK money payment firm by US-based company. Blockchain company Future Fintech will acquire 100% of Khyber Money for €685,000 (about $687,534). The deal is expected to close within the next three months. Future FinTech Group Inc., a Florida-based publicly traded blockchain applications …
FCA allows Future Fintech to acquire UK money payment firm Khyber Read More »
FTX saw its 2021 revenue grow from $89 million to hit over $1 billion as the crypto market rallied. Growth came amid huge expansion across the globe, CNBC said in a report citing leaked documents. Despite crypto winter, FTX has looked to add to its growing portfolio of companies. FTX saw its revenue grow more …
FTX revenue soared 1,000% amid last year’s crypto craze: report Read More »
Gemini Staking adds to the yield-generating offering Gemini Earn launched in February 2021. Staking will be available for US customers (excluding New York) as well as Singapore and Hong Kong. The product will support MATIC before adding ETH, SOL, DOT and AUDIO. The Gemini crypto exchange has launched its staking feature and will support multiple …
Ripple’s partnership with Travelex Bank will see customers of the locally regulated bank benefit from XRP-powered cross border payments settled on RippleNet’s On-Demand Liquidity (ODL) protocol. Ripple has launched a digital asset based payment solution in Brazil, partnering with regulated Latin America bank Travelex Bank. The enterprise-focused solution will seek to offer customers across the …
Ripple partners Travelex Bank to launch XRP-enabled enterprise payments in Brazil Read More »
eToro will acquire the US-based startup for $50 million in a cash and common stock deal. The deal is part of eToro’s plans to expand into the US market, where Robinhood remains one of the main competitors. Gatsby launched in 2018. eToro, a leading online brokerage platform, is set to complete the acquisition of fintech …
eToro to acquire trading startup Gatsby amid US expansion plans Read More »
