Fintech Archives - British Herald
August 18, 2022

Fintech

Fintech

Crypto lender Celsius Network filed for bankruptcy

New York (USA)- Celsius has listed estimated assets and liabilities from $1 billion to $10 billion. On Wednesday, crypto lender Celsius Network said it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic price plunge. New Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis […]
Fintech

European Union inks deal on crypto transfer tracing rules

London (UK)- The European Union has agreed on new rules subjecting crypto transfer regulations to the same money-laundering rules as traditional banking transfers. EU negotiators signed a provisional agreement late Wednesday for the 27-nation bloc’s first rules on tracing transfers of crypto assets like bitcoin, which is aimed at clamping down on illicit transfers and […]
Fintech

Bitcoin plunges as major crypto lender halts operations

The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It’s the latest high-profile collapse of a pillar of the cryptocurrency industry. These meltdowns have erased tens of billions of dollars of investors’ assets and spurred