The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.Source
PostFinance will begin offering its 2.5 million customers access to buy, store and sell Bitcoin (BTC) and Ethereum tokens (ETH), thanks to a partnership with Switzerland’s Sygnum Bank.Source
The oversubscribed funding round will be used to expand Finst’s range of products drive its international expansion plans.Source
A whitepaper for Civilization Kit, a decentralized bitcoin peer-to-peer marketplace that also allows users to build their own decentralized marketplaces, will be published in several weeks. Noones, a new “Bitcoin peer-to-peer super app for the Global South,” is already available in private beta.Source
ALSO: The head of markets for crypto research firm Delphi Digital said Binance’s loss of market share has stemmed largely from its struggles with regulators. He also called bitcoin’s current threshold at about $28K “a tough spot.”Source
In Coinbase’s case, O’Leary said, it would be “better to sit down and work it out” with regulators, and if a “U.S. regulator doesn’t want staking or lending, so be it.”Source
Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.Source
Fund managers have added about 4,000 bitcoins in recent weeks.Source
The brand is also partnering with Web3 community Poolsuite to release a co-branded NFT collection.Source
In the hour after the 45th President was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token-holder dormancy.Source