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.