Altcoin News by Thebittimes.Com

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...

Join Our Telegram channel to stay up to date on breaking news coverage By making it simpler for banks to participate, Mastercard hopes to make cryptocurrency accessible to the general public. According to the corporation, the payments behemoth intends to introduce a program on Monday that would assist financial institutions in offering bitcoin trading. The industry leader in payments will serve as a “bridge” between banks and Paxos Mastercard will serve as a “bridge” between PayPal’s existing cryptocurrency trading platform or Paxos, to provide a comparable service, and banks, claims the business. Security and regulatory compliance, two major reasons banks avoid the asset class, will be handled by Mastercard and Paxos. Customers have also expressed skepticism. Bitcoin and other cryptocurrencies are notorious for their volatility, and the leading digital assets worldwide have seen their value decline by more than 50% this year. Since January, the i...

Source: AdobeStock / Iryna Budanova Binance Pool, the crypto mining services arm of cryptocurrency exchange Binance, aims to support Bitcoin miners to weather the crypto winter with a $500 million loan.  The ongoing bear market has had deep impacts on almost all industry participants, particularly miners. Amid rising fuel and electricity prices and the crypto market downturn, this cohort has been hit the most, with many miners proceeding to shut down their machines as profitability becomes negligible.  In a bid to help miners and in turn, help the broader crypto market from further damage, Binance Pool, one of the world’s largest crypto mining pools, has decided to offer a $500 million loan to support Bitcoin miners, the company said in a Friday blog post.   "Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem," the post read. "In light of current market conditions, Binance Pool is launching a $500mill...