Altcoin News by Thebittimes.Com

The crypto -verse has managed to veer into several industries across the globe. However, Bitcoin [BTC], the world’s first and largest crypto currency made its debut to address the shortcomings of traditional finance . Despite its capabilities, the asset was sidelined for the most part. Now, in a new turn of events, a crypto -based investment firm was looking to acquire a 268-year-old bank in Germany. As per a recent report, Bitcoin Group SE was considering buying Bankhaus von der Heydt, a German bank that was set up in 1754. It was brought to light that the value of the sale was about $19.6 million or €20 million. It should be noted that the bank has been trying to get acquired by multiple crypto firms for quite some time now. Back in March, BitMEX, the crypto-derivatives exchange was on the verge of purchasing the bank. However, things took a different turn as the exchange failed to garner a green signal from German financial regulator BaFin. Acquisition activities surr...

Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter . Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain Trading Until Last Day of November, Prepares to Close Down Crypto bank and exchange Nuri has instructed users to withdraw their funds by Dec. 18, 2022 at the latest. The Germany-based company will then terminate and liquidate its digital asset business, according to a letter from its CEO Kristina Walcker-Mayer, who assured: Customers have access and will be able to withdraw all funds until the aforementioned date. All assets in your Nuri account are safe and unaffected by Nuri’s insolvency. The chief executive pointed out that the platform will continue to support trading until Nov. 30, 2022. The announcement comes after Nuri filed for temporary insolvency in August. Reports at the time noted...