Crypto-friendly fintech firm Revolut has launched an international payments-focused business account for customers in Australia, and is reportedly working towards obtaining an Australian banking license.
Amid Ledger's controversial decision to allow "recovery" of private keys from its devices, cold storage rival GridPlus announced it would move to "open source" the firmware of its crypto wallet.
2022 is set to be a tough year for cryptocurrencies, with less venture capital (VC) money flowing into the blockchain and cryptocurrency space reflecting the bleak market environment.