THE LATEST CRYPTO NEWS FROM CNS Huobi and Solaris crypto- | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

Huobi and Solaris crypto-to-fiat debit card launches in the EU

As the crypto space continues to expand into the mainstream, bridging the gap between digital currencies and fiat currency is a priority for many legacy financial institutions.

Cryptocurrency exchange Huobi announced its partnership with Solaris, a European financial services provider, to launch a crypto-to-fiat debit card.

https://cointelegraph.com/news/huobi-and-solaris-crypto-to-fiat-debit-card-launches-in-the-eu


Cardano ecosystem set to expand with custom-built sidechains

The team behind the Cardano ecosystem will release a software toolkit later this month that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem.

The news was announced on Jan. 12 by Input Output Global (IOG), a blockchain engineering company founded by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK). The announcement included the official technical documentation for the sidechain toolkit.

https://cointelegraph.com/news/cardano-ecosystem-set-to-expand-with-custom-built-sidechains


Crypto payments platform Wyre lifts 90% withdrawal cap

Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on users earlier this week after securing additional funding.

On Jan. 13, the San Francisco-based fintech firm announced that it had received financing from a “strategic partner” that allows it to continue the normal course of operations, including re-accepting deposits again.

“As a regulated financial institution, we’re proud that we were able to continue delivering our services in a safe and sound manner without pausing withdrawals,” it added.

https://cointelegraph.com/news/crypto-payments-platform-wyre-lifts-90-withdrawal-cap


90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry.

A new survey from CasperLabs and Zogby Analytics revealed that the sentiment around blockchain adoption is especially positive among enterprises. The poll was conducted via 603 business enterprise “decision makers” in the United States, the United Kingdom and China.

https://cointelegraph.com/news/90-of-businesses-adopting-blockchain-technology-data



US House Republicans plan to establish crypto-focused subcommittee

Republicans in the United States House of Representatives reportedly plan to step up their oversight of the crypto industry with the creation of a new subcommittee.

According to a Jan. 12 report from Politico, North Carolina Representative Patrick McHenry, chair of the House Financial Services Committee, said he planned to set up the subcommittee in part due to “a big hole” in how the committee is currently structured. The new panel will focus on issues related to digital assets, financial technology and financial inclusion, and be chaired by Arkansas Representative French Hill, with Ohio Representative Warren Davidson serving as vice chair.

https://cointelegraph.com/news/us-house-republicans-plan-to-establish-crypto-focused-subcommittee-report