Hashnote is the first incubated company launched by Cumberland Labs, a Web3 incubator backed by partners of DRW and Cumberland CHICAGO–(BUSINESS WIRE)–Founder and CEO Leo Mizuhara and Cumberland Labs ...
Tag: Cumberland
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...
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars
“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD...
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
“Under the terms of our agreement, on November 16, we notified them that we were surrendering our cash collateral and liquidating their crypto to close out the loan,” Cumberland said. R...
Cumberland and Mirana Ventures criticize ‘sloppy’ Genesis bankruptcy filing
Crypto trading firm Cumberland and investment firm Mirana Ventures complained of inaccuracies in Genesis Global’s bankruptcy filing, describing it as “misleading and incorrect” and &...
Cumberland sees better days for crypto in 2023 after market ‘rewires itself’
Cumberland sees adoption leading to a market recovery in 2023, but only after a “spat of volatility” as the “market rewires itself.” Jonah Van Bourg, the firm’s head of trading, said he expects ...
FTX collapse to trigger structural change in crypto markets, away from centralization
The collapse of FTX last week will trigger significant market structure changes, namely moving away from a model of all-in-one platform centralization, crypto trading firm Cumberland said. The v...
Crypto trading firm Cumberland says it had virtually no exposure to FTX
Crypto trading company Cumberland said it had virtually no exposure to crypto exchange FTX, which has collapsed amid a liquidity crisis. FTX revealed that it had reached a breaking point on Nov....
Trading shop Cumberland says ‘uptrend’ is budding in crypto
One of the largest trading firms operating in the crypto space believes a “budding uptrend” is forming in the volatile market for digital assets. In a Twitter thread, Cumberland—the...
Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests
Even though some analysts have stipulated that Bitcoin’s volatility is a cause for concern, crypto trading firm Cumberland believes volume is what matters the most. Cumberland stipulated that Bitcoin ...
SushiSwap ‘Head Chef’ Election Settled by GoldenTree, Cumberland
Cumberland and GoldenTree cast a combined 8.1 million of 13 million votes 11 million of 13 million total votes were cast by just five wallets SushiSwap’s DAO hoped to set a new precedent for transpare...
ETH’s correlation to the Nasdaq creates problems for crypto-native traders
Correlation between ether (ETH) and the Nasdaq composite is closing in on highs reached in May of this year, affecting crypto-native traders. The high correlation between ether and the Nasdaq has made...
Institutions go long on ether as Ethereum’s ‘merge’ approaches, according to Cumberland
Crypto market maker Cumberland said institutional investors have been increasing long positions on ether during the cryptocurrency’s rally this week. The Chicago-based firm tweeted that despite a slig...
More Liquidation Ahead Before the Crypto Market Recovers: Cumberland
Crypto trading firm Cumberland weighed into the ongoing trend of centralized digital asset firms falling apart amid a deepened liquidity crisis clouding the industry. It suggests that the overall mark...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ – Bitcoin News
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets...
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’ – Bitcoin News
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsi...