| Mobile Web

Search results for Wallet

Crypto

Payward, parent of Kraken, to acquire Magic Labs wallet-as-a-service business

Payward, the parent company of crypto exchange Kraken, will acquire Magic Labs’ wallet-as-a-service business. Cointelegraph reported that Payward plans to integrate Magic Labs’ non-custodial wallet technology into its enterprise platform, Payward Services. Payward Services supports crypto trading, custody, tokenised assets and fiat on- and off-ramps. Financial terms were not disclosed. The companies aim to complete the deal in the coming weeks, subject to customary closing conditions.

Crypto

Flare CEO says major XRPFi expansion over next six months to attract 5 billion XRP

Flare will push a major expansion of XRPFi, its XRP-based decentralised finance ecosystem, over the next six months, aiming to make XRP usable as a DeFi asset rather than only for payments. CEO Hugo Philion said Flare will become a fully programmable layer for the XRP Ledger and roll out upgrades starting in about two weeks. FXRP issuance has exceeded 150 million, and he projected up to 5 billion XRP could flow into Flare, though analysts see security checks and stablecoin liquidity as key hurdles.

Crypto

BitMart to wind down crypto exchange after 9 years, to end operations in January 2027

BitMart will end operations of its global cryptocurrency exchange after 9 years, with full shutdown set for Jan. 31, 2027 at 1559 UTC. Trading is being restricted in phases, including halts to new account openings, deposits and new spot and futures orders. Automated services will also be wound down. Users will still be able to log in for a period after operations stop to review records and request withdrawals, but enhanced checks may apply.