Wollito UAB

Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets via debit card or outgoing bank transfers.

Chase U.K. to Block Crypto Payments Citing Fraud, Scams

Banking giant Chase is banning crypto-linked payments via debit card or by outgoing bank transfer for U.K. clients starting Oct. 16, according to an email to customers. "If we thi...

11 months ago

Anthony Scaramucci’s SkyBridge Capital is among the asset management firms leading the bids for Silicon Valley Bank’s venture capital arm, with a sale expected in the coming weeks.

Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

SVB Financial Group, the former parent company of Silicon Valley Bank, is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital. According to ...

1 year ago

United States prosecutors have leveled charges against Tornado Cash co-founders Roman Storm, Roman Semenov, and Alexey Pertsev, for their involvement in allowing criminals launder millions of dollars worth of stolen crypto.

Tornado Cash creators deny laundering $1b for North Korea hackers

Roman Storm, a co-founder of the decentralized crypto mixing protocol Tornado Cash, has entered a plea of not guilty to charges of money laundering and conspiracy. These charges allege...

1 year ago

The Financial Accounting Standards Board has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.

Change to US accounting rules will be a boon to companies holding crypto in 2025

The United States Financial Accounting Standards Board has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. T...

1 year ago

Payment giant now uses the Solana blockchain as part of USDC-focused pilots with merchant acquirers Worldpay and Nuvei

Visa’s crypto stablecoin settlement expands to Solana

Visa is now allowing its partners to send or receive USDC settlement payments via the Solana blockchain as it has begun working with new merchant banks, the company revealed Tuesday. ...

1 year ago

Digital Yuan in Retail Sectors

China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors

The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payme...

1 year ago

Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.

Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchai...

1 year ago

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution

Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China (ICBC). JD Technology is the IT se...

1 year ago

Master vs Binance

Mastercard, Binance to end crypto card partnership

LONDON, Aug 24 (Reuters) - Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesp...

1 year ago

Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, is "subsisting on bread and water" in prison, according to his lawyer.

FTX founder Bankman-Fried living on bread and water, lawyer says

The prison he is being held in ahead of his trial has not provided a vegan diet he requested, his lawyer says. Last year, Mr Bankman-Fried was charged with fraud after the failure of F...

1 year ago