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On December 13, Frank Chapparo at The Block reported that Basis, a crypto stablecoin project that raised around $133 million in April, is terminating its operations and is in the process of returning the capital it raised to its investors. The project was funded by some of the largest venture capital firms in the technology space […]
Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the “Amazon of banking.” Revolut to Offer Bank Accounts in Europe The London-based unicorn, which remains one of the hottest fintech startups in the United […]
The bear market that the crypto industry is facing has had a lot of adverse effects, with companies shutting down services and laying off staff members in their droves. Japanese cryptocurrency exchange Coincheck seems to be the latest company to feel the brunt of the dire crypto market state, according to reports from Nikkei Asian […]
The second largest stock exchange in Germany, the Stuttgart Exchange Group and the banking institute SolarisBank are joining forces to create infrastructure for a zero-fee crypto exchange. While some digital currency fanatics welcome large banking establishments into the crypto-affray, others believe it goes against the decentralized nature of cryptocurrency. However, you cannot stop the market […]
According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto […]