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Latest from Ian Allison
Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges
Crypto bank warned this week about its ability to remain in business.
Xapo Bank Integrates Bitcoin’s Lightning Network, Partners with Lightspark
Crypto pioneer Xapo has quietly assembled interest-bearing, deposit-guaranteed USD bank accounts with a view to providing alternative financial services in emerging market countries.
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.
Fixed Income DeFi Platform Term Finance Readies for Business
Term Labs, the platform's builder, raised a $2.5 million seed round led by Electric Capital with participation from Coinbase Ventures, Circle Ventures and others.
Institutional DeFi Startup Hashnote Is First to Emerge From Incubator Cumberland Labs
The regulated DeFi asset manager was launched with a $5 million investment from the Web3 incubator.
Crypto Custodian Finoa Gets License Approvals From German Regulator BaFin
The Berlin-based firm also closed a strategic venture round led by Middlegame Ventures.
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.
ConsenSys Acquires Easy-to-Use Blockchain Notification Tool 'Hal' to Strengthen Web3 Development
The deal, financial terms of which were not made public, will bring 10 Hal employees to the developer.
Canada Close to Tightening Rules for Crypto Exchanges: Sources
The changes will ensure it’s simply too expensive to do business in Canada, said one person familiar with the plans.
Institutional Crypto Trading Platform Elwood Technologies Expands Offerings
The London-based company is aiming to provide clients with tools that "uphold the standards set by traditional asset classes," CEO James Stickland said.
