News list for "Crypto friend"
Travala, a crypto-friendly travel booking platform, has announced plans to launch a dedicated bitcoin reserve as it celebrates annual revenue exceeding $100 million. In addition, Travala has launched a new bitcoin "Treasury Reserve Program" and Travala's native token, Ava (AVA), aimed at strengthening its financial base and accelerating future growth.
Crypto-friendly travel booking platform Travala has integrated with Solana and expanded to a third network in addition to Ethereum and BNB Chain. Travala CEO Juan Otero made the announcement during a panel at the Solana Breakpoint conference in Singapore on Saturday. The integration will allow users to book flights, hotels and accommodation using Solana-based assets, including SOL, USDT and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through its loyalty progr...
Silvergate Capital, the parent company of crypto-friendly bank Silvergate, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Delaware, with assets estimated to be between $100 million and $500 million and liabilities between $10 million and $50 million. The bankruptcy stems from the serious damage to the reputation of its subsidiary Silvergate Bank following liquidity problems and the collapse of crypto exchange FTX. Silvergate has previously been close to the crypto i...
British fintech startup and crypto-friendly bank Revolut has told employees that the company will issue shares at a valuation of $45 billion.
Republican vice presidential candidate J.D. Vance is a potential crypto-friendly, and given his previous efforts to enact clearer legislation, the election of the Hillbilly Elegy author and venture capitalist will benefit the crypto industry. According to Politico, J.D. Vance recently drafted a bill that would reform the way digital assets are regulated in the United States, which sources say would be more crypto-friendly than a bill passed by the House of Representatives in June.
Silvergate Capital Corp., the parent company of crypto-friendly bank Silvergate Bank, has agreed to pay $63 million to settle with the SEC, the Federal Reserve, and the California Department of Financial Protection and Innovation (DFPI). The regulator accused it of failing to maintain an appropriate anti-money laundering program and making misleading disclosures about its effectiveness. Silvergate was fined $43 million by the Federal Reserve and $20 million by California regulators, who also poi...
The customer data of crypto-friendly Evolve Bank was leaked by Lockbit. Lockbit initially threatened to release Federal Reserve data containing US bank secrets, but ended up leaking 33TB of Evolve Bank and Trust data. The leaks included details of enforcement actions imposed by the Federal Reserve on Evolve Bank, as well as insecure and unsound banking practices involved in Evolve Bank's work with fintech. The leaked documents reportedly contained personally identifiable information of end users...
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