Factbox: Silvergate crisis: Majors in the crypto industry drop struggling lenders
March 2 (Reuters) – A number of cryptocurrency heavyweights including Coinbase Global Inc ( COIN.O ) and Galaxy Digital dropped Silvergate Capital Corp ( SI.N )...
Tagged: BIZ
Fintech darling Stripe has first-world problems
LONDON, March 2 (Reuters Breakingviews) – When a startup raises money at a lower valuation than before, it’s usually a bad sign. When it’s a fintech...
Crypto exchange Coinbase ditches lender Silvergate
March 2 (Reuters) – Cryptocurrency exchange Coinbase Global Inc ( COIN.O ) cut financial ties with Silvergate Capital Corp ( SI.N ) on Thursday, saying it...
Cryptobank Silvergate sinks after delayed annual report
Silvergate says it may be ‘less than well capitalised’ Shares fall 29.3% before the market March 1 (Reuters) – Shares in Silvergate Capital Corp fell 29%...
Analysis: Australia’s DIY superannuation fund loses millions on crypto bets, investors aren’t sweating it
Thousands of Australians are using DIY retirement funds to buy crypto Loss likely in the hundreds of millions -Reuters calculation Australia has few rules on what...
Revolut’s 2022 revenue grew 33% despite crypto winter
LONDON, March 1 (Reuters) – Fintech company Revolut made its first full-year profit in 2021 and recorded a 33% jump in revenue last year, its finance...
Cryptoverse: Bitcoin Moves Towards Satoshi’s Payment Dream
Feb 28 (Reuters) – Satoshi Nakamoto would be proud. Youth bitcoin may finally repay its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from...
UK’s first crypto regulations setting “robust” standards
LONDON, Jan 31 (Reuters) – Britain’s Treasury is planning “robust” regulations for cryptoassets, following the collapse of crypto exchange FTX last year, which left millions of...
IMF flags obstacles to debt restructuring, says banning crypto should be an option
BENGALURU, Feb 25 (Reuters) – Group of 20 (G20) nations have some disagreements over debt restructuring for distressed economies, the head of the International Monetary Fund...
US judge allows lawsuit claiming NBA Top Shot NFTs are securities
NEW YORK, Feb 22 (Reuters) – The creator of a marketplace for National Basketball Association Top Shot non-fungible tokens must face a lawsuit claiming the tokens...