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“Block has wildly overstated its genuine user counts and has understated its customer acquisition costs,” said the report. Go to Source Powered by WPeMatico
The U.S. crypto exchange was reportedly looking for another payment network provider and waiting on the outcome of the situation with Signature. Go to Source Powered by WPeMatico
Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment … Read more
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds. Go to Source Powered by WPeMatico
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 … Read more
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network’s CEO believes. Go to Source Powered by WPeMatico
The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers. Go to Source Powered by WPeMatico
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid Card … Read more
The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time. Go to Source Powered by WPeMatico
On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming interfaces (APIs) to companies, enabling them to build their own custom Web3 crypto wallets. Coinbase’s Wallet-as-a-Service Aims … Read more
