Payward expects to close the acquisition in 2027, enabling it to expand its traditional banking services into four EU operating markets already served by Saldo Bank. Cryptocurrency exchange Kraken’s parent company, Payward, will buy Lithuania-based Saldo Bank as part of its expansion into traditional financial services, calling it “a deliberate next step in an infrastructure strategy we’ve been building for years.” Payward signed a definitive agreement to acquire Saldo Finance Oy, a Finnish holding company whose subsidiary, Saldo Bank UAB, is a digital bank licensed in Lithuania, according to a Wednesday announcement. Payward said Saldo Bank’s EU banking license and footprint will enable it to expand into four operating markets, including Lithuania, Finland, Sweden and Germany, where the bank already offers retail term deposits. The bank’s authorization is also passported into the Netherlands. Read more
Ledger hardware wallet implants have renewed scrutiny of the middlemen handling devices before they reach buyers, even through authorized sellers. Ordinary cryptocurrency owners cannot realistically be expected to detect sophisticated tampering with hardware wallets, security researcher Joe Grand told Cointelegraph on Tuesday. Grand specializes in hardware security and has helped recover cryptocurrency from locked wallets. His work includes developing techniques to bypass security protections and extract data from memory chips used in wallets made by Trezor and KeepKey. “It’s really hard to explain to people how they’re supposed to look at their devices, because even technical people like me are not looking at every single device to see if it’s been tampered with,” Grand said. Read more
Coins.ph says its Philippine central bank license remains intact amid reports of possible revocation over alleged offshore gambling transactions. [Update, 11:00 am UTC: Added a follow-up response from a Coins.ph spokesperson.] Coins.ph said it remains licensed by the country’s central bank following reports that it could face license revocation over alleged transactions involving restricted offshore gambling operators. Coins.ph is one of the largest crypto exchanges in the Philippines, recording approximately $52 million in 24-hour spot trading volume on Wednesday, according to CoinGecko. The reported license risk follows restrictions imposed by the Bangko Sentral ng Pilipinas (BSP) on incoming InstaPay and PESONet transfers involving DCPay Philippines, the entity operating Coins.ph’s peso e-wallet services. “Coins.ph firmly denies any claim that it knowingly serves offshore gaming or gambling operators,” the company said in an official statement shared with Cointelegraph on Wednesday. “Our users’ funds are ...
Bitcoin onchain analysis eyed a “potential bottom” for BTC price action in early October as demand weathered external headwinds. Bitcoin (BTC) can still preserve its traditionally strong October performance, as onchain data points to a local BTC price bottom forming. Key points: New analysis published on crypto analytics platform CryptoQuant Monday show onchain conditions in a state of “cautious optimism.” Read more
Should US high court justices grant review of the case, they could release a decision as early as June 2027. After being convicted in 2023, losing his appeal to a Second Circuit court in 2026 and awaiting a decision on a presidential pardon that may never come, former FTX CEO Sam “SBF” Bankman-Fried is hoping to take his criminal case to the US Supreme Court. Jeffrey Fisher, counsel at the law firm Hecker Fink LLP and representing Bankman-Fried in his Supreme Court of the United States (SCOTUS) appeal, spoke to Cointelegraph about the potential timeline surrounding the former FTX executive’s case and what onlookers could expect to see should the justices choose to accept his petition for a writ of certiorari, possibly resulting in a new trial. Bankman-Fried is pursuing the high court’s review while also seeking a pardon from President Donald Trump. According to Fisher, SCOTUS rules require SBF to file a petition for a writ of certiorari within 90 days of a decision from an appellate court, requesting that the...
Saifedean Ammous argues that Bitcoin already functions as money when held as a store of value; expects it will become larger and less volatile than gold as it matures. Saifedean Ammous, the author of the 2018 academic book “The Bitcoin Standard,” said that Bitcoin already functions as a medium of exchange and that volatility’s effect on that is likely to diminish. Bitcoin (BTC) can serve as a medium of exchange as it becomes less volatile than gold while surpassing the market capitalization of the largest precious metal, wrote Ammous in a Tuesday X post. “Holding Bitcoin is using Bitcoin as money, and its lack of widespread use as a method of payment is no evidence against its monetization unfolding,” added Ammous. Read more