CEO Financial News

The acquisition marks Ripple's first foray into a growing institutional crypto custody market that the firm says could hit $10 trillion by 2030. Metaco's main offering, Harmonize, has been chosen by major global custodians, top-tier banks such as Societe Generale, and corporates.

Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid to expand its international footprint and broaden its range of services.

UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing, and said the rushed deal may have affected its due diligence.

In the world of cryptocurrency, Bitcoin continues to be a subject of great interest and speculation. 

German digital insurer Wefox said Wednesday it raised $110 million of fresh funding from backers including JPMorgan and Barclays.

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Amid crashing stock prices, the Federal Deposit Insurance Corporation (FDIC) points fingers at crypto and poor management for Signature Bank’s demise.

Binance has been working to increase its customer base and influence across several sectors. 

Tech entrepreneur Sam Altman’s crypto project Worldcoin is reportedly on the verge of securing $100 million worth of investments from “existing and new investors.”

The US Securities and Exchange Commission (SEC) has fined Coinme, a cryptocurrency exchange, nearly $4 million for allegedly offering unregistered securities and making «misleading statements» about its crypto token, UpToken. Coinme, its subsidiary Up Global SEZC, and its CEO, Neil Bergquist, were charged by the SEC on April 28, with Up Global agreeing to pay a $3.52 million penalty, for which Coinme was also held liable. The SEC alleged that Coinme's Initial Coin Offering (ICO) of UpToken between October and December 2017 was an investment contract under the Howey test and was an unregistered securities offering. The ICO raised around $3.6 million to expand Coinme's fleet of Bitcoin ATMs, with the funds used to add 30 ATMs, and UP holders received benefits such as discounted fees and cashback when using the ATMs. However, in January 2019, Coinme changed its offering and partnered with Coinstar to use its cash-counting kiosks to facilitate cash-to-crypto transactions instead of its own ATMs. Coinme shut down all of its ATMs by July 2019, and there is currently no use for UpToken, with its market cap falling to around $50,000 and 24-hour trading volumes topping just over $180.

The social media platform Facebook started its journey into the metaverse two years ago on October 28, 2021. 

As the world scrambles to find high tech solutions to the worsening onset of climate change, a noble blockchain-based project has emerged as a beacon of sustainable innovation, meet Ecoterra.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The Terraform Labs Co-founder and CEO Do Kwon reportedly “cashed out” $2.8 million worth of crypto before being released on bail in Montenegro on Friday.

Cryptocurrency companies are playing a game of poker with the Securities and Exchange Commission, making bold threats to leave the U.S. as the regulator steps up pressure on the industry to toe the line.

As Terra Luna Classic (LUNC) experiences a 10% rebound from its recent lows, the crypto community is buzzing with anticipation. 

The investor who ran the country's biggest natural gas ETF said he believes prices have hit bottom.

Tamadoge, one of the top projects in the Web3 industry, has partnered with the viral meme coin project from SpongeBob. 

Ecoterra, an award-winning green Web3 project, has a presale that continues to attract much interest. 

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