Silvergate Bank Repays All Deposits as It Winds Down Operations
Silvergate Bank has announced that it has fully repaid all remaining deposit liabilities as part of its voluntary liquidation plan. The bank suffered heavy losses from the collapse of the crypto exchange FTX in 2022. The California-based bank, known for its crypto-friendly services, has said that it has fully repaid all remaining deposit liabilities as […]
Raiffeisen Bank to Launch Crypto Trading Services in January
Raiffeisen Bank, a leading Austrian bank, will offer cryptocurrency trading services to its retail customers in Vienna by the end of January 2024. Bitpanda, a regulated cryptocurrency exchange, will power the service. The Bank has announced that it will introduce cryptocurrency trading services for its retail customers in Vienna, the country’s capital and largest city. […]
KyberSwap Hacked for $46M, Users Advised to Withdraw Funds
KyberSwap, a decentralized exchange, has suffered a major security breach, resulting in the loss of around $46 million in various cryptocurrencies. The attack targeted the KyberSwap Elastic protocol, which offers speed, efficiency, and top-tier governance. KyberSwap, which operates on the Kyber Network, has been hit by a massive exploit that drained about $46 million worth […]
Ukraine’s EU Bid Exposes Crypto Bribe Case
Ukraine’s anti-corruption bureau has revealed the country’s first case of a cryptocurrency-based bribe involving a lawmaker who allegedly offered $50,000 in Bitcoin to secure state funds. The case highlights Ukraine’s efforts to combat corruption amid its EU membership aspirations. Ukraine, a country striving to join the European Union, has recently uncovered a landmark case of […]
BBVA Boosts Its Crypto Services with Metaco’s Harmonize Platform
BBVA Switzerland has announced a major expansion of its partnership with Metaco, a Ripple-owned company that provides digital asset custody and tokenization solutions. BBVA will migrate its crypto operations to Metaco’s Harmonize platform, which offers speed, efficiency, and top-tier governance. The Swiss private banking arm of the Spanish banking giant BBVA has taken a significant […]