Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it … Read more

Bitcoin Family say they lost $ 1 million in value this year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $ 1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $ 69,000 in Nov. 2021 – but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” … Read more

Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more

Bitcoin sinks below $ 20,000 as crypto meltdown intensifies

Crypto investors are grappling with aggressive interest rate hikes from the US Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below the $ 20,000 mark on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell 9% in 24 hours to $ 19,217.81, according to Coin … Read more

Brex drops small business customers as Silicon Valley adjusts to new reality

Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to … Read more

The Fintech Files: BoE steps in on stablecoins, while Lord Agnew and Starling spat

The implosion of the stablecoin TerraUSD and its paired cryptocurrency luna sent shockwaves through financial markets – and turned some heads in the British government, too. But not everyone is a fan of the idea. “I’d question the timing, post-Terra blow up,” Ian Taylor, chief executive of industry body CryptoUK, said of the consultation. “I … Read more