Crypto Platform news and trends

Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank
Cryptocurrency // March 20, 2023

One of the crypto sector’s favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender’s doors are open again across its 40 branches. Unfortunately for the digital asset industry, however, the doors to its crypto business look to be...

SEC Proposed Custody Rule Could Pressure Crypto Platforms
Cryptocurrency // February 15, 2023

A proposal by the Securities and Exchange Commission (SEC) could increase pressure on cryptocurrency platforms. The Wall Street Journal (WSJ) reported Wednesday (Feb. 15) that the proposed heightened standards for entities that hold assets for investment advisers could impact crypto platforms like Coinbase that have...

Crypto Lender Nexo to Shutter US Operations
Cryptocurrency // December 05, 2022

Nexo will phase out its products and services in the United States over the coming months.  The cryptocurrency managing and lending platform said in a Monday (Dec. 5) blog post that the decision follows 18 months of dialogue with state and federal regulators that has...

Quick Reads
RockWallet Acquires Wyre’s Customer Base, Launches Reactivation Process

February 15, 2024
RockWallet, a self-custodial, multicurrency wallet, has announced the acquisition of the customer base of Wyre, a crypto payment platform that shut down in June 2023. This development allows former Wyre clients to seamlessly use cryptocurrency on RockWallet’s platform without the need for redoing the know-your-customer (KYC) process or going through the inconvenience of onboarding again, RockWallet […]

SEC Proposed Custody Rule Could Pressure Crypto Platforms

February 15, 2023
A proposal by the Securities and Exchange Commission (SEC) could increase pressure on cryptocurrency platforms. The Wall Street Journal (WSJ) reported Wednesday (Feb. 15) that the proposed heightened standards for...

Crypto Lender Nexo to Shutter US Operations

December 05, 2022
Nexo will phase out its products and services in the United States over the coming months.  The cryptocurrency managing and lending platform said in a Monday (Dec. 5) blog post...