Approach with caution: US banking regulator’s crypto warning

Approach with caution: US banking regulator’s crypto warning

The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management. A United States banking industry regulator warned banks of the “emerging risks” of cryptocurrencies saying the sector...
Crypto lender Genesis has no solution yet for withdrawal halts

Crypto lender Genesis has no solution yet for withdrawal halts

Genesis said it will take additional weeks to carve out a recovery path for its lending business. Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential...
Blockstream raising funds for mining at 70% lower company valuation

Blockstream raising funds for mining at 70% lower company valuation

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing.The crypto infrastructure firm is seeking fresh funding,...