Coinbase said it was no longer accepting or initiating payments to or from Silvergate after the troubled crypto bank said yesterday that it may be “less than well capitalized and was “reev...
Tag: Breaking
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
Celsius creditors tout NovaWulf deal as ‘best’ option
Legal • March 1, 2023, 5:57PM EST The Official Committee of Unsecured Creditors in the Celsius bankruptcy case said a proposed sale to NovaWulf Digital Management is “the best” option, according to a ...
U.S. Treasury convening regular Biden administration discussions on CBDC
Policy • March 1, 2023, 2:38PM EST The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang...
Snoop Dogg blazes a new trail with gig as chief ganjaroo officer at Roobet
Roobet, a crypto casino offering 3,000-plus games and a fully featured sportsbook, added Snoop Dogg to its C-suite. The rapper joins as, presumably, the first-ever chief ganjaroo officer. Don...
Bitcoin inches higher as prices continue in narrow range, Silvergate whipsaws after downgrade
Markets • March 1, 2023, 10:28AM EST Crypto prices were slightly higher halfway through the week, with most trading within a narrow range. Crypto stocks dipped after the open. Bitcoin was tradin...
Conflux raises $10 million from DWF Labs in token round
Conflux, a Layer 1 blockchain developer, raised $10 million from DWF Labs. The investment will help Conflux expand its technology and grow its user base, DWF Labs said Wednesday. Conflux co-foun...
UBS says Mt. Gox repayments are unlikely to destabilize bitcoin price
UBS strategists say impending Mt. Gox bankruptcy repayments might not be cause for concern for the price of bitcoin. Crypto prices have been sluggish toward the end of February. Bitcoin was trad...
Ether set to gain market leadership as the ‘stars are aligned,’ say Bernstein analysts
Crypto prices traded in a narrow range throughout February after a rip-roaring January saw some coins rally 40%, as Bernstein analysts say the Ethereum network could be set to explode. Ether wa...
Cumberland Labs backed Hashnote launches regulated DeFi platform
Deals • February 28, 2023, 9:00AM EST A regulated decentralized finance (DeFi) platform for institutions, Hashnote, launched after a $5 million incubation with early stage blockchain investor Cumberla...
Breaking: MyAlgo.com – Withdraw Funds from Mnemonic Wallets
MyAlgo announced a recent hack may have compromised user funds held in Mnemonic Wallets on MyAlgo. According to the Feb. 27 tweet, the @Algorand walletIf you’ve invested in Cryptocurrency, there...
Breaking Down Thunder’s Slow Start To Final Stretch
PHOENIX, ARIZONA – FEBRUARY 24: Chris Paul #3 of the Phoenix Suns defends Josh Giddey #3 of the … [+] Oklahoma City Thunder during the game at Footprint Center on February 24, 2023 in Phoe...
SEC served subpoena to Robinhood shortly after FTX debacle
The U.S. Securities and Exchange Commission subpoenaed trading app and brokerage Robinhood over its cryptocurrency services, the company disclosed in an annual financial filing posted on Monday. ...
Voyager agrees to reserve $445m after suit from Alameda Research
Legal • February 27, 2023, 6:06PM EST Published 1 hour and 30 minutes earlier on Defunct crypto lender Voyager Digital agreed to reserve $445 million after the firm was sued by bankrupt trading firm A...
Voyager transferred $154 million USDC off Coinbase this month, Arkham Intelligence says
On-chain data shows that Voyager’s assets are on the move amid the company’s bankruptcy proceeding. Around $154.4 million in USDC was transferred to the shuttered exchange’s &#...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Crypto’s correlation with macro events, US equity markets is weakening, Bernstein says
Crypto prices are continuing to trade in a broadly similar range as the correlation with U.S. equities and macro events weakens, Bernstein analysts said. Crypto-related stocks opened higher on Monday,...
Vauld gets yet another creditor protection extension until March 24
Published 40 minutes earlier on Asian crypto lender Vauld received a further extension to its legal protection from creditors at a Singapore High Court hearing on Monday — albeit a shorter delay than ...
BitFlyer’s ex-CEO vies for former role: Bloomberg
Yuzu Kano, the co-founder of Japanese crypto exchange BitFlyer, is reportedly planning to retake his old position as chief executive officer of the firm, according to a Bloomberg report. Kano’s ...
Speculators push price of testnet ether on Goerli network to $1.60
The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless. Last week, cross-chain platform LayerZero crea...
Solana network back online following second restart
The Solana blockchain is back online after two attempts to restart the network. The fix occurred at 01:28 UTC, after which engineers were said to continue monitoring the performance of the netwo...
Breaking Down Last Night’s Historic Game Between The Kings And Clippers
LOS ANGELES, CALIFORNIA – FEBRUARY 24: Malik Monk #0 of the Sacramento Kings reacts to the end of … [+] game buzzer between Norman Powell #24 and Eric Gordon #10 of the LA Clippers during ...
MAGIC Price Analysis: Magic price breaking out of the Cup?
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Breaking! India Joins Forces With The US And IMF To Frame Country’s First-Ever Crypto Bill
India has seen a surge in cryptocurrency trading and investment in recent years. While the potential of cryptocurrency and blockchain technology is widely recognized, the Indian government has express...
Central African Republic’s Sango coin experiences deposit downtime
Sango, the coin by the Central African Republic launched in 2022, may be experiencing issues with deposits, representatives for the project said on Telegram. “We have some fantastic news!&...