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Valr Becomes Latest South African Exchange to Exit Crypto Arbitrage Market

4.2.2022
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close its arbitrage business. Ovex was one of the first...

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

27.1.2022
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S....

Robinhood Begins Rolling Out Crypto Wallets to Select Customers

22.1.2022
Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest...

First 1,000 Robinhood Customers Get Crypto Wallets

21.1.2022
  US online trading platform Robinhood has launched a beta program for its crypto wallet, and it began to roll out the wallets to 1,000 customers from the top of its WenWallets waitlist.  By March, the program is set to cover 10,000 customers before the feature is activated for the rest of...

Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions

18.1.2022
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban...

Revolut Launches Banking Services in Spain Featuring Deposit Insurance

14.1.2022
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

28.12.2021
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

15.12.2021
  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

15.12.2021
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

12.12.2021
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...

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