Author: Peter Olaoluwapo

Cryptocurrency lender Vauld halts Withdrawals and Considers Restructuring

Peter Olaoluwapo

Along with competitors including Celsius Network and Babel Finance, Vauld, a cryptocurrency lender supported by Coinbase Inc., said it suspended withdrawals and recruited advisers to investigate a potential restructuring to withstand the market crash. According to Chief Executive Officer Darshan Bathija’s blog post on Monday, the Singapore-based company has retained Cyril Amarchand Mangaldas and Rajah & Tann Singapore LLP as legal and financial advisers, respectively. The site has halted all trading, deposits, and withdrawals. Less than three weeks after declaring that withdrawals were being processed as usual and continuing to…

Bank of America Affirms investor interest hasn’t been frozen despite concerns about the crypto winter.

Peter Olaoluwapo

According to research released by Bank of America (BAC) on Tuesday, following its Web3 & Digital Assets Day Conference last week, investor interest in the industry has not been affected by worries of a so-called “crypto winter.” According to the report, discussions with some of the 160 clients who attended the event made it evident that “blockchain technology and the digital asset ecosystem are here to stay,” and the bank is still enthusiastic about the adoption of digital assets by the general public. The bank stated that while recent market…