BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]
Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their offering documents based on feedback from the SEC. Bloomberg ETF analyst James Seyffart noted that while there were not significant changes, […]
A partnership between New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys has resulted in the launch of a New Zealand dollar-pegged stablecoin. The stablecoin, called NZDD, is backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. Initially available on Ethereum, there are plans to expand […]
Celsius Network, a US-based lender, plans to restructure itself into a Bitcoin mining company called Mining NewCo. This decision comes after receiving regulatory feedback and consulting with creditors. Initially, Celsius had proposed forming Fahrenheit NewCo, but due to potential regulatory complications, the company decided to focus solely on Bitcoin mining. The move reflects a trend […]
Celsius Network, a bankrupt crypto lender, has announced its plans to transition into a Bitcoin mining-only company. This decision comes after the company’s bankruptcy court confirmed its plan. Celsius had been facing financial challenges and filed for a reimbursement plan to resolve its issues. The majority of its creditors voted in favor of this plan. […]
Tokyo-based digital payments firm PassPay has formed a strategic alliance with EOS Network Foundation (ENF) to explore the development of new financial products using blockchain technology. This partnership comes at a time when EOS Network is experiencing a resurgence, thanks to improvements in its EVM that have made it easier for DeFi developers to build […]
Disgruntled consumers have filed a class-action lawsuit against Apple, accusing the tech giant of engaging in anti-competitive practices. The lawsuit alleges that Apple conspired with PayPal’s Venmo and Block’s Cash App to limit peer-to-peer payment options and block decentralized cryptocurrency technology from iOS payment apps. According to the complaint, these agreements have resulted in inflated […]
Santander Private Banking International, a division of Banco Santander, is expanding its cryptocurrency trading and investment services to high-net-worth clients with Swiss accounts. The bank initially offers trading facilities for Bitcoin and Ether, with plans to introduce more digital assets in the future. This move sets Santander apart from other large banks that typically focus […]
Osaka Digital Exchange (ODX) is set to launch its Proprietary Trading System (PTS) for security tokens by December 25. This move comes after receiving approval from Japan’s Financial Service Agency (FSA) for its securities token proprietary trading system. ODX aims to bring more liquidity and funding opportunities to securities token operations in the region. ODX […]
Cathie Wood’s ARK Invest has submitted an updated filing for its spot bitcoin exchange-traded fund (ETF), disregarding recent guidance from the Securities and Exchange Commission (SEC). The SEC had recommended that ETF proposals switch to cash creations instead of in-kind creations. However, ARK appears to be sticking with in-kind creations and redemptions, despite concerns about […]
