DeFI News by Thebittimes.Com

Palmer Luckey’s new banking venture has just received conditional approval from U.S. regulators to serve cryptocurrency and AI companies, and the news is already making headlines. Erebor, the Columbus, Ohio-based institution, secured approval from the Office of the Comptroller of the Currency (OCC) on October 15, 2025. The bank represents a significant step for digital asset firms that have struggled to find traditional banking partners willing to work with them. Also Read: Fed Rate Hike Sparks $320B Selloff as Bitcoin ETF Hype Fades Erebor Crypto Bank Gains Approval Amid Rising Market Uncertainty Source: Bitcoin Magazine Fast-Track Regulatory Green Light Raises Questions Palmer Luckey‘s crypto approval came in just four months, which is unusually fast for this kind of regulatory clearance and has spearheaded numerous significant debates among industry observers. Comptroller of the Currency Jonathan Gould announced the decision and made it clear this was significant for his ...

Join Our Telegram channel to stay up to date on breaking news coverage Revolut makes it possible for its users to make daily purchases using cryptocurrencies. The fintech firm has launched a crypto card with a 1% cashback offer to entice users into enrolling for the new service. Revolut to support crypto payments Revolut Pay has unveiled a crypto feature that allows customers to get a 1% cashback when they use cryptocurrencies to buy goods and services. Revolut currently supports nearly 100 cryptocurrencies, including Bitcoin, Ether, and Dogecoin. The 1% cashback will be paid in the same currency the user spent. Therefore, if the customer spends Bitcoin, they will receive a 1% cashback in Bitcoin. The feature can be supported in all the existing cards, and it will allow customers to have the convenience of choosing the currencies that they wish to spend. Revolut has offered education courses to its customers to enlighten them about the cryptocurrency market. The fintech co...

Google Cloud has announced a partnership with Coinbase to drive Web3 innovation that includes using the crypto exchange to accept cryptocurrency payments. “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Coinbase CEO Brian Armstrong. Google Cloud Partners With Coinbase Alphabet Inc.’s Google Cloud and the Nasdaq-listed crypto exchange Coinbase announced Tuesday “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.” Under the agreement, Coinbase will use Google Cloud to build its advanced exchange , grow data services, and process blockchain data at scale. The exchange will also leverage Google’s fiber-optic network to enhance the global reach of its crypto services . In addition, Coinbase will build its global data platform on Google Cloud’s infrastructure and leverage the internet giant...

Join Our Telegram channel to stay up to date on breaking news coverage Visa, a leading card payment provider, has announced a partnership with FTX, one of the largest exchanges in the US. Through this partnership, Visa will provide crypto debit cards across 40 countries. Visa partners with FTX for crypto credit cards The cards created through this partnership will be available in 40 countries. The cards will be available in Latin America, Europe, and Asia. The cards are currently available in the US and will be linked to the FTX accounts of users, making it easy for them to spend their crypto holdings. One of the main selling points of the new card is that it will allow users to sell assets without going through the lengthy conversion process that usually involves high fees. Users can use their crypto assets without moving their assets from the exchange and will not pay any additional fees. Moreover, they will avoid waiting for their transactions to be processed. The partner...