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Article by Steve Kaaru

Paycoin in a race to secure banking partnership after South Korea license suspension
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19 January, 2023

Paycoin in a race to secure banking partnership after South Korea license suspension

Paycoin, whose token is used in South Korea for payments, was ordered to secure a bank partner or have its...
Nigeria to explore ICOs and stablecoins to broaden payments landscape
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18 January, 2023

Nigeria to explore ICOs and stablecoins to broaden payments landscape

Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based...
Metropolitan Bank announces exit from digital asset business
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18 January, 2023

Metropolitan Bank announces exit from digital asset business

The New York-based Metropolitan Bank says it only had four active institutional digital asset clients who accounted for 1.5% of...
BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network
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11 January, 2023

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8...
US Fed, OCC urge banks to be cautious with digital assets
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10 January, 2023

US Fed, OCC urge banks to be cautious with digital assets

The two joined the FDIC in issuing a statement saying 2022’s events exposed the vulnerabilities of the sector, urging banks...
Celsius owned the assets in Earn accounts, not the users, judge rules
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10 January, 2023

Celsius owned the assets in Earn accounts, not the users, judge rules

Pre-bankruptcy, Celsius held $4.2 billion for 600,000 users in Earn accounts, digital assets which the judge ruled it legally owns...

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