Ripple Acquires Crypto Financial Services Company Fortress Trust
Ripple, a number one blockchain and cryptocurrency firm, has acquired Fortress Trust, a Nevada-licensed monetary companies supplier for the crypto business. The buy expands Ripple’s...
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX legal professionals are searching for to claw...
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
After Credit Suisse Group AG introduced it could borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly contemplating buying...
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
According to a current warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
After Silvergate Bank introduced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the monetary establishment’s downfall to “crypto risk.” According to Warren, she had...
Mercadolibre Inks Partnership With Mastercard to Secure Its Crypto Ecosystem in Brazil
Mercadolibre, one of many greatest “e-tailers” in Latam, has partnered with credit score big Mastercard to utilize its tech to safe the cryptocurrency ecosystem of...
Indian Banks Halting Services to Crypto Industry Post RBI Clarification
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that...