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Revolut Launches Banking Services in Spain Featuring Deposit Insurance


Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000...

Kraken Working on Marketplace Where Customers Take Loans Backed by NFTs


Kraken recently announced developing a marketplace where customers can use NFTs as collateral to take loans. The venture aims to release the platform in February 2022 at the earliest. With the development, Kraken is directly challenging FTX Exchange and Binance, which are already running...

Block's Cash App to Allow its 40M Customers to Gift Bitcoin


  Jack Dorsey's payment firm Block, previously called Square, has unveiled a new Cash App feature that will allow users to gift family and friends crypto and stock over the holiday season. Cash App announced the news on Tuesday, saying that its approximately 40 million active monthly users...

German Savings Banks Consider Offering Crypto Services to Customers


An association of savings banks in Germany is looking to offer crypto services to customers in a pilot test that would include the development of a crypto wallet. The association, which has more than 50 million customers, would be acting amidst a wave of cryptocurrency interest ostensibly sparked...

Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens


Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse...

Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program


Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Customers of the Colombian bank will be able...

Leading Supermarket Chain in Croatia Introduces Crypto Payments


Customers of the largest supermarket chain in Croatia will be able to pay with cryptocurrency for their orders in the retailer’s online shop. The company plans to soon offer the crypto payment option also at its physical stores throughout the country. Konzum Allows Shoppers in Croatia to...

Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns


Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures...

Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform


Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers...

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