Wise Shares Impacted by Management Shakeups Including Pending Departure of Eight-Year CFO

Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.  Shares of British fintech firm Wise (LON: WISE) slipped 4% on news of CFO Matt Briers’ resignation next year. The London-based company’s stock slide also comes amid reports of CEO Kristo Kaarman’s paternity leave which begins in September. … Read more

Blockchain.com Decides to Shut Down London-based Crypto Asset Management Wing

Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players. The crypto market turmoil and liquidity issues have been impacting several crypto firms. Popular crypto startup Blockchain.com has decided to shut down its UK-based crypto asset management arm. According to the filing on Companies House, Blockchain.com applied to … Read more

German DZ Bank Taps Metaco to Offer Crypto Asset Management Service

With the right user base and its alignment with existing regulations, DZ Bank will open access to millions of users to consider getting into the crypto ecosystem with its offering. DZ Bank, the second-largest financial services provider in Germany is set to dive into the crypto asset management niche and it has named Swiss custodian … Read more

Celsius Reaches Acquisition Agreement with Digital Management Agency to Exit Bankruptcy

Insolvent crypto lender Celsius entered an acquisition agreement with NovaWulf that sees the creation of a new company.  Celsius Network LLC has established an acquisition agreement with NovaWulf Digital Management to exit bankruptcy. Yesterday, Celsius announced it selected the digital asset firm as the sponsor for its proposed Chapter 11 restructuring scheme. Furthermore, the bankrupt … Read more