Strike Launches Lightning Remittance to the Philippines

Bitcoin fintech giant Stryk has launched its Lightning Network money transfer service Send Globally in the Philippines, a $35 billion remittance market. Send launched globally in the Southeast Asian country on January 31, 2023, helping businesses and tourists receive international money transfers in Philippine pesos. The country receives $35 billion in remittances globally. How Strike’s … Read more

Decabank, the largest German bank offering crypto services

DekaBank has partnered with METACO, a Switzerland-based cryptocurrency firm, to offer crypto-related services. As bitcoin halves more than 40% in 2023, crypto adoption has started to kick in. Brands have started collaborating with crypto-related businesses as the sentiment has recovered. With millions of customers, traditional banking services have the potential to bring maximum visibility to … Read more

Celsius under fire for bad business practices

According to a recent report from a court-appointed auditor, Celsius Network mismanaged its assets and deliberately misled its users. Examiner Shoba Pillai details the operations of defunct crypto lender Celsius Network and its former chief executive officer Alex Mashinsky in her final report. Pillai was initially appointed in late September last year, and filed a … Read more

New LBRY Ruling Gives Hope to Ripple Supporters

A judge rules against the SEC’s proposal to classify LBRY’s secondary market token sale as a securities offering, which could have huge ramifications for the ongoing Ripple case. Crypto attorney John Deaton successfully argued against giving the SEC a legal mandate to oversee token sales in secondary markets after successfully suing LBRY for offering its … Read more

Cardano’s algorithmic stablecoin, Z, is finally live

The highly anticipated algorithmic stablecoin on Cardano, Z, has gone live. But the scamsters did not miss this opportunity. The collapse of the algorithmic stablecoin UST on the Terra ecosystem prompted negative sentiment for this category of stablecoins. The collapse last year plunged the crypto industry deeper into a bear market, and investors lost billions. … Read more