Business News

🎉Deutsche Bank dives into crypto, applying for a digital asset license! 🚀 bitcoin responds with a price jump! 💰🔥 Bitcoin bull run?

SVB blues is over😎: First Citizens snagging $72B in assets at a discount of $16.5B, and it’s now a big-time player.💰

Fintech company primarily providing services for cryptocurrency businesses cut nearly 40% of its workforce to cover $8.1 billion of customers’ withdrawals. As reported by the Wall Street Journal, the company’s decision is primarily related to FTX and BlockFi collapses. Yet, back then, the crypto bank reassured its users that the exposure to both bankrupt firms […]

According to Visa Crypto Thought Leadership’s proposal, the payments giant plans to enable auto payments for customers using self-custodian wallets. As blockchain adoption increases, Visa says it is time to enable recurring payments for bills on a blockchain. While paying bills via phone banking application is a common practice, Visa proposes a new way of […]

One of Wall Street’s crypto-friendly firms, Signature Bank, will cut its corporate deposits by $10 billion, distancing itself from the digital asset industry. Signature bank CEO Joe DePaolo stated on Tuesday: We are not just a crypto bank and we want that to come across loud and clear. About 23% of Signature’s $103 billion in […]

The latest update to messaging app Telegram introduces the ability to register an account without a SIM card, through anonymous blockchain-based numbers. Until today, Telegram users could register to the app with their phone number. That phone number also served as a login. Users could find one another knowing contact details. The company emphasized that […]

Investment banking giant Goldman Sachs is ready to invest billions of dollars in crypto companies overcoming the FTX contagion. GS plans to buy or invest in companies that have lost investor interest and whose valuations have fallen, Reuters reports. Mathew McDermott, head of digital assets at Goldman Sachs, told Reuters that the FTX collapse has […]

USDC stablecoin issuer Circle terminated the deal to go public with the special purpose acquisition company Concord, due to Circle’s incomplete SEC qualification. Initially announced in July 2021, Circle planned to go public by Concord Acquisition Corp. with a valuation of $4.5B. Later in Feb 2022, the company made a new deal of $9B due […]

Financial services giant, Stripe, now offers web3 businesses a fiat-to-crypto onramp feature to seamlessly buy with fiat directly on the platform. A customizable onramp presented by Stripe can go live on any web3 application involved in paying with crypto, whether it’s an NFT marketplace, a decentralized exchange, or a non-custodial wallet. Stipe explained the rolling […]

Suresh Kumar, global CTO of Walmart, believes cryptocurrencies will be a “huge” area of disruption in the future, particularly in how customers pay for virtual and tangible things. Walmart’s CTO stated that the company is preparing to enable consumers who wish to pay with digital assets for both real and virtual items. On October 17th, […]