Violet, which offers compliance and identity infrastructure for decentralized finance, launched its compliance-focused decentralized exchange, Mauve. Coinbase Ventures and Brevan Howard joined t...
Tag: Breaking
Grayscale’s Sonnenshein left ‘encouraged’ after hearing in SEC case
Grayscale Chief Executive Officer Michael Sonnenshein is optimistic following a hearing over the Securities and Exchange Commission’s rejection of his firm’s application for a spot bitcoin...
Judge signs off on Voyager agreement to reserve $445 million after Alameda suit
A federal judge approved a stipulation between Voyager Digital and FTX, which includes an agreement that Voyager will set aside $445 million after an FTX entity sued it for loan repayments. The...
CFTC head says stablecoins are in agency’s jurisdiction without ‘clear direction from Congress’
The head of the Commodity Futures Trading Commission views most stablecoins as commodities, barring new law that could change their classification. “Not withstanding that, they are a commo...
Coinflex rebrands to OPNX with Leslie Lamb as CEO of 3AC founders’ latest venture
Coinflex is rebranding to Open Exchange (OPNX), Kyle Davies and Su Zhu’s latest crypto venture. New CEO Leslie Lamb shared the news on LinkedIn. The exchange, intended for trading claims a...
Maverick Protocol DEX launches with Lido integration to compete with Uniswap
A new contender is challenging Uniswap for decentralized exchange supremacy. Or so Maverick CTO Bob Baxley believes. Maverick Protocol, along with Lido, Liquity and Galxe, today deployed a dece...
OpenSea, ConsenSys among prized crypto startups with shares available at big discounts
As the crypto industry suffers, decacorns can be yours at mere unicorn prices. Shares in numerous private crypto startups are currently being offered at sizable discounts on Birel.io, a platform...
GBTC discount narrows, bitcoin trades above $22,000 as Silvergate leads drop in stocks
Markets • March 8, 2023, 11:04AM EST Grayscale’s premier fund traded higher as its discount narrowed following what some perceived as a successful day in court. Crypto prices slipped across the ...
XRP Price Breaking Down-Here’s When it May Trigger a Rebound and Surge Beyond $0.38
The crypto markets are in decline, with the Bitcoin price recently falling below $22,000. With the drop of the star crypto, the majority of the altcoins including XRP also slashed heavily. Despite a m...
Grayscale products buoyed following oral arguments in case against the SEC
Grayscale had its day in court, and now the asset manager — and investors in its Grayscale Bitcoin Trust — must await the ruling, which could take three to six months. The asset manager brought...
Crypto prices whipsaw on Fed Chair Powell’s Congressional testimony
Markets • March 7, 2023, 11:21AM EST Markets sank initially on the release of U.S. Federal Reserve Chair Jerome Powell’s testimony to Congress before rebounding slightly. Bitcoin was tradi...
Crypto derivatives on the CME reach new milestones amid regulatory uncertainty
Bitcoin and ether derivatives trading volumes in dollar terms continued to climb higher in February. Futures and options trading volume for bitcoin rose by about 13%, and ether’s volumes ...
Coinflex says restructuring plan is approved by Seychelles court
Courts in the Seychelles, where crypto exchange Coinflex is based, approved its restructuring plans on Monday, according to a statement from the company. The court may publish the written order ...
Paxos survey shows 75% of respondents ‘confident’ in the future of crypto
A recent Paxos survey shows enthusiasm for cryptocurrency in the U.S. despite a volatile year for the burgeoning asset class. Of 5,000 U.S.-based working-age adults surveyed, 75% remain “...
Grayscale’s day in court is nearly here, but a major decision could take time
Grayscale is set to present oral arguments in its case against the U.S. Securities and Exchange Commission on Tuesday. The asset manager brought the case against the regulator for rejecting its ...
Crypto prices flat, Silvergate declines ahead of Powell testimony
Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
Bitcoin, crypto prices tread water ahead of pivotal Powell testimony and US jobs data
Crypto markets were relatively flat to start the week ahead of Jerome Powell testimony and some significant economic indicators. Bitcoin was trading around $22,500 by 12:30 p.m. EST, up 0.3%, ac...
Ethereum L2 Scroll reaches $1.8 billion valuation in new funding round: Source
Published 30 minutes earlier on Scroll, an Ethereum Layer 2 network that uses zk-rollups technology, raised $50 million in a new funding round. Investors in the round included Polychain Capital,...
Coinshares reports fourth consecutive week of digital asset investment product outflows
Coinshares reported a fourth consecutive week of digital asset investment product outflows. Outflows totaled $17 million last week ,with bitcoin leading the way. Short-bitcoin saw inflows for a...
Breaking: Elon Musk Fined Over Twitter Acquisition By Turkey’s Competition Board
Turkey’s Competition Board on Monday said it has fined billionaire Elon Musk over the Twitter takeover last year. The Turkish Competition Board claims the Twitter takeover happened without the b...
Silvergate suspends Silvergate Exchange Network as company reels from crises
Silvergate suspended its Silvergate Exchange Network on Friday, the result of what it called “a risk-based decision.” The network shutdown comes after Moody’s downgraded Silvergate’...
Bitcoin below $23,000 as prices dip, Silvergate’s dive takes a breather
Crypto prices continued to decline heading into the weekend. Bitcoin was trading around $22,400 by 12:45 a.m. EST, down 4.5%, according to TradingView data. Ether dropped 4.7% to $1,570. &...
Gemini says third-party incidents resulted in phishing scam targeting European users
Gemini disclosed incidents attributed to a third party that resulted in a phishing campaign targeting users in the UK and Europe, according to a client email seen by The Block. Scammers have use...
Markets trade down after Fed chair’s comments, Grayscale recovers amid hearing
Crypto markets whipsawed throughout the day after U.S. Federal Reserve Chair Jerome Powell’s delivered testimony to Congress. Bitcoin was trading around $22,070 by 4:55 p.m. EST, down abou...