Day: 13 January 2023

PayPal's Xoom, an international money transfer service, has unveiled a new product that enables customers in the US to send money directly to Visa debit card holders. PayPal's Xoom, an international money transfer service, has launched a new product that allows customers in the US to send money directly to ...

Nexo has refuted claims that there have been significant cash outflows from the crypto platform as a result of office raids and an ongoing investigation into the company. Following extensive raids at the company's offices in Sofia, Nexo has expressed complaints about the activities of law enforcement officials in response ...

Huobi, a cryptocurrency exchange, has partnered with Solaris, a European financial services provider, to launch a cryptocurrency-to-fiat debit card. This partnership will enable Huobi users to use their digital assets at points of sale all over the world through a Visa-approved program. The card will be available to users in ...

Hodlnaut, a Singapore-based cryptocurrency lending platform that has reportedly battled financial difficulties in recent times, is now considering the possibility of liquidation. This follows the rejection of the company's proposed restructuring plan by its creditors, who are now seeking to liquidate the platform's assets.  According to the report, the troubled ...

The concept of Web3 revolves around a decentralized internet where users have control over their own operations rather than being controlled by centralized entities. In recent years, Web3 has been focused on achieving this vision of decentralization through its latest trends and innovations. Web3 has made significant advancements in various ...

A prominent climate tech investor, Daniel Batten, has recently expressed a highly optimistic view of the Bitcoin (BTC) network, highlighting its numerous environmental benefits.  According to Batten, the positive impacts of BTC on the environment far outweigh its harmful effects, with the ratio standing at an impressive 31:1. Yesterday, Batten, ...

U.S. lawmaker Tom Emmer recently expressed his concerns regarding the approach taken by SEC chairman Gary Gensler regarding regulation in the crypto industry. Emmer stated that Gensler's "regulation through enforcement" strategy is not effectively protecting any individuals or entities in the industry.  Instead, Emmer believes that a more comprehensive and ...

According to a report on Thursday, a Delaware bankruptcy judge ruled that the now-bankrupt FTX crypto exchange could proceed with the sale of four critical units. These units include the derivatives arm LedgerX, the stock-clearing platform Embed, the European unit, and the Japanese unit. The investment bank Perella Weinberg has ...

The 90% withdrawal limit that cryptocurrency payment firm Wyre had imposed on users earlier this week has been removed as a result of extra funding. Hey Wyre community – we’re excited to share that today we received financing from a strategic partner that allows us to continue our normal course ...