Genesis Lending Arm Halts Withdrawals Amidst FTX Collapse

Last week, the FTX crypto exchange filed for bankruptcy and this week has been all about the fallout of its collapse. Genesis Global Trading is the latest in the series of companies to have announced that its lending arm is pausing withdrawals and new loan originations. The announcement from the crypto investment bank was made … Read more

Meta Files Five New Trademark Applications

Various media outlets report that Meta has applied for five trademarks under the brand name “Meta pay.” According to the filing, Meta pay is an online social investment network that allows users to seamlessly complete their crypto and blockchain-related transactions. Platforms can also validate their authenticity and identity (where necessary) using the platform’s tools. Popular … Read more

Circle to Open a US Cryptocurrency Bank Charter

One of the largest stablecoin issuers, Circle, has said it’s one step closer to unveiling its United States crypto bank charter. The company is currently working to finalize the launch with regulators – a process that began in August last year. However, reports surprisingly reveal that the issuer of the stablecoin USD Coin is yet … Read more

Australia’s Common-Wealth Bank (CBA) Delays Launch Of Retail Crypto Service

Australia ranks among the most-friendly crypto regions following its support of blockchain technology and the development of the Web3 space. Last November, popular Aussie Senator, Jane Hume, remarked that the DeFi space represents excellent investment opportunities for Aussies and is here for the long-term. Hume further noted that “one important lesson we can learn from … Read more

Israel’s Oldest Bank Becomes The First Israel-Based Bank To Offer Crypto Trading

One of the top two big banks in Israel (Bank Leumi) has announced a new product offering in partnership with a US-based crypto firm, Paxos. The partnership will enable Bank Leumi to offer crypto trade products to its customers. Bank Leumi’s Crypto Offering Still Awaits Regulatory Approval However, all crypto trade transactions have a minimum … Read more

Crypto Lender Celsius Appoints Royal Bank Of Canada Vet As Its Chief Financial Officer

A well-known crypto lending company Celsius has appointed alumni of Royal Bank of Canada as its latest chief financial officer (CFO), as stated by Alex Mashinsky (the CEO of the platform). Rob Bolger formerly worked at the same position under the Canadian bank, considered to be among the biggest across the country. He has more … Read more

Israeli Defense Minister Orders Seizure Of 30 Crypto Wallets

Israel continues its battle against the illicit use of cryptos, specifically cryptos, to finance terrorism. Hence, it is no wonder that defense minister, Benny Gantz, has ordered that 12 bank accounts and 35 crypto wallets be seized as they are linked with terrorist activities. The Shamlach Family And Terrorism Funding Some of the crypto wallets … Read more

Local Crypto Investors In China Still Buying Cryptocurrencies

Even though crypto transactions are now outlaws in china, some Chinese crypto investors are still holding on to their digital assets. When Bloomberg interviewed some of these investors, they agreed that the announcement gave them the impetus to increase their crypto holdings. The Drive To Hold More Ballet Global’s CEO, Bobby Lee, said, “the clampdown … Read more

POKKET Vs Celsius Network – Which is Better?

On the lookout for the best crypto lending service? Looking for opportunities to earn bitcoin without doing anything? No fuss, you are in the right place. In this blog post, we are going to talk about the two interest earning savings account service providers: POKKET and Celsius Network to see which is best for you. … Read more