Crypto Industry Separates Itself From Silvergate Bank
Several cryptocurrency companies have at least temporarily ceased accepting deposits made through Silvergate Bank. Notably, Gemini announced that it no longer accepts wire transfers or ACH deposits made through Silvergate Bank. It indicated that it is “actively monitoring the issue” and has no customer or GUSD cash kept with Silvergate. In a blog post, Bitstamp […]
Xapo Bank speeds up Bitcoin payments with Lightning Network
Members of Xapo Bank will now be able to make minor purchases of up to $100 instantly from any retailer accepting Lightning payments. The Lightning Network has been integrated by Gibraltar-based international private bank Xapo Bank to enhance its capabilities for Bitcoin (BTC $23,297). On March 2, Xapo formally announced a relationship with Lightspark, a […]
Flare Acquires NFT Platform For Interoperability Protocols
Two essential protocols for Flare, which will support decentralized interoperability applications, have gone live. After launching two key protocols for decentralized interoperability apps, Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went online on January 10. The blockchain network enables programmers to make interoperable applications for various blockchain ecosystems and online platforms. On March 2, […]
Coinbase Halts Payments With Silvergate Bank
Due to persistent regulatory issues, Coinbase announced that the cryptocurrency exchange will no longer accept payments from Silvergate. Coinbase Global Inc., the biggest cryptocurrency exchange in United States, recently declared that it has terminated ties with Silvergate Bank, its U.S. dollar banking partner, citing the ongoing investigation as the cause of the hurried decision. The […]
Polygon launches decentralized ID product with ZK-Proofs
The decentralized identity solution known as Polygon ID has been released as open-source software by Polygon. The Ethereum layer-2 scaling solution, has successfully released the open-source version of Polygon ID, its decentralized identity solution, enabling users can access a number of significant features. It will be noted that Polygon ID’s initial version went live in […]