Online Lender SoFi’s Application to Create a National Bank Conditionally Appr...

If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.

Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a week ago, the crypto platform had suspended its withdrawals, deposits and swaps. It also has frozen user assets on its platform itself. The crypto lender […]

According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents a ratio of what customers are owed and what the firm has left on its balance sheet. The pitch claims that if Celsius customers hold on to their tokens there’s a possibility financial loss could be mitigated. Leaked Audio Verified by Former Celsius Employees Reveals an IOU....

Warba Bank, an islamic bank headquartered in Kuwait, is the latest banking corporation from the Middle East and North Africa region to make a foray into the metaverse, a massive virtual realm centered on social interaction. In what has been heralded as a first for an Islamic lender, Warba Bank has announced that it now owns […]

DBS Bank has teamed up with The Sandbox, a blockchain-based metaverse gaming platform, to develop new services for customers in the 3D virtual environment that employs digital avatars. DBS Bank, the largest lender in Southeast Asia, seals a deal with The Sandbox as the first financial institution in Singapore to make a foray into the […]