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Latest Results from /crypto

/crypto

PayPal readies for EU crypto push with Luxembourg roll out

PayPal is to expand its cryptocurrency service to Luxembourg in a move that portends a further roll out across the European Union.

/crypto

Nigeria limits ATM withdrawals to boost digital payments

The Central Bank of Nigeria has capped daily ATM withdrawals at $45 in order to encourage electronic payments, including the eNaira digital currency.

/crypto

Stablecoin startup Membrane Finance reels in EU money licence and €2 million in seed financing

Membrane Finance, a finnish fintech building a European alternative to the USD stablecoin, has been granted an Electronic Money Licence by the country's regulator and picked up €2 million in seed funding.

/crypto

Goldman Sachs to ramp up M&A activity in distressed crypto market

Goldman Sachs is in the market for bargain-basement crypto firms following the collapse of FTX, Reuters reports.

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Circle calls off $9bn Spac deal

Circle Internet Financial, issuer of the USDC stablecoin, has pulled the plug on its planned Spac deal with Concord Acquisition Corp, the blank check firm run by former Barclays bigwig Bob Diamond.

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Bybit lays of more staff to weather crypto storm

Crypto exchange Bybit is announcing another round of job cuts as it hunkers down for the crypto winter.

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TP Icap wins approval from FCA for wholesale spot exchange for digital assets

Interdealer broker TP Icap has won approval from the Financial Conduct Authority for the launch of a wholesale marketplace for spot cryptoassets.

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SIX, Ripple and Middlegame Ventures pump $72 million into Keyrock

Digital asset market maker Keyrock has secured $72 million Series B funding from investors including Ripple, SIX Fintech Ventures and Middlegame Ventures.

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Crypto exchange Kraken to lay off a third of its workforce

Crypto exchange Kraken is laying off 1100 people - a third of its workforce - in a bid to weather the crypto winter.

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ECB payments experts sound the death knell for bitcoin

Senior payments experts at the European Central Bank have dismissed bitcoin as a marketing scam that should not be legitimised by regulatory intervention.

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Sustainable Finance Live: How can nature be made bankable?

How are different financial institutions approaching climate strategy and sustainable investment? The potential for sustainable investment was explored in the keynote presentation: How can nature be made bankable? by founder of ResponsibleRisk Richard Peers and CEO of sustainable investment company Mirova, Philippe Zaouati.

/crypto

BlockFi files for bankruptcy in wake of FTX collapse

BlockFi, the cryptocurrency player that needed a $400 million credit facility from FTX earlier this year, has now filed for bankruptcy.