Category: Business

Data sourced from Etherscan indicates that the exploiter first swapped 95,360 ETH worth roughly $157 million on DeFi Aggregator OpenOcean and then transacted smaller amounts capital through several decentralized finance (DeFi) protocols such as Kyber N…

The private bank is partnering with digital assets firm Taurus to issue and manage its tokenized shares.

It just saw one of the biggest movements of ETH ever, just as its corporate sibling filed for bankruptcy. Its big transfers tend to coincide with big events at the company.

The crypto-focused venture capital firm is focused on transaction fees, liquidity and usability.

The miner gained compliance to continue listing on Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.

Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with whom it partnered on an interest-earning product.

Crypto winter didn’t slow down stablecoin use in Latin America in 2022.

The hackers that targeted Harmony network in a $100 million hack last year have bridged their ill-gotten gains from Bitcoin to Avalanche, Tron and Ethereum, according to on-chain analysis by blockchain sleuth MistTrack.

The crypto app startup was founded by a former Coinbase engineer.

Authorities have not yet brought charges against the company, which has faced intense scrutiny following competitor FTX’s collapse in November.

Officials with the U.S. Department of Justice’s Eastern District of New York and the Securities and Exchange Commission are examining transfers between Digital Currency Group and Genesis, one of its subsidiaries, a report late Friday said.

The company’s former custodian, Wyre, is scaling back its services.

Friday morning’s reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening.

Live from CES 2023 in Las Vegas, the software development company is standing firm on why crypto’s future will be based on self-custody following the implosion of FTX.

The jobs market remained strong/began to show signs of weakening to close out 2022.

The Wall Street bank cut the stock to “neutral” from “overweight” and slashed its price target to $14 from $30.

Investors in W3BCLOUD’s merger with Social Leverage Acquisition Corp voted to redeem the majority of shares, according to a filing.

Genesis halted withdrawals in November in aftermath of FTX’s collapse.

The decision to shutter the service comes as the NFT market faces intense headwinds, with sales volume dropping by double digits quarter-over-quarter.

The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month.

Austin Federa, Solana Foundation Head of Strategy & Communications, discusses why the collapse of FTX hasn’t kept the network from building and scaling.

The miner, which runs coal-powered plants in Pennsylvania, has been reducing its debt since the summer.

Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing.

The newfangled device looks like a high-end space heater but uses integrated circuitry to process bitcoin transactions.

The exchange demonstrated its robustness when about $6 billion of customer funds were withdrawn on Dec. 13, the report said.

Sawyer was Bitstamp’s CEO and a co-founder of U.K. lender Starling Bank.

Blockchain audit firm CertiK noted some $3.7 billion were lost to scams and hacks in 2022, making it the worst year for nefarious activities in the market’s history, so far.

Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.

>>> Read the full story at CoinDesk

Cryptocurrency exchange Kraken said it will exit the Japanese market and de-register from the Financial Services Agency (JFSA) as of Jan. 31, 2023.

Galaxy will also loan $35 million to Argo as part of the deal.

The collapse of Celsius and FTX led to more than 60% of Midas’ assets under management being withdrawn.

Pudgy Penguins NFT collection is setting new heights. The rising tide is lifting associated projects, too.

DeFi stablecoin exchange Mercurial is going to relaunch as Meteora and rebalance its tokenomics.

The company said earlier this month it was close to restructuring without having to declare bankruptcy.

In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly.

The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million.

The two started negotiations earlier this year and signed an initial agreement in July.

Computing power on the Bitcoin network dropped about 40% over the weekend.

The total value of funds locked on the protocol had dropped to less $93,000 on Dec. 25 from about $13 million, Defi Llama data show.

The FTX fraud, the Three Arrows Capital collapse, bitcoin maximalist rhetoric, centralized blockchains and privacy deniers, haters and destroyers were just a handful of the things that irritated CoinDesk research associate George Kaloudis in 2022.

Lawsuit seeks at least $250,000 of damages.

CoinFund’s David Pakman talks FTX, DeFi and the way forward.

Law enforcement authorities in Italy and Albania have busted a cryptocurrency investment scam worth 15 million euros ($15.91 million).

Users can now view and download the old and new reserve ratios and assess the exchange’s health and the safety of their assets.

>>> Read the full story at CoinDesk

The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing.

>>> Read the full story at CoinDesk

The user, who goes by the name “CoinMamba” on Twitter, started criticizing the exchange after some of his funds allegedly got stolen on his Binance account, but the exchange cited threats made to its customer service team in explaining the suspension.

CEO Michael McCaffrey has resigned as a result of the loans coming to light, The Block confirmed.

The proposal, which will be brought to a vote next week, aims to reduce friction in governance by reframing the steps that bring proposals to votes.

The crypto trading firm says it can take the pain.

The examination was done by auditing firm Mazars.

The former FTX CEO and current Binance CEO disagree on the details of FTX’s buyout of Binance’s investment in it last year.

The bank’s analysis shows that 2023 revenue estimates for the crypto exchange are overly optimistic.

A feasible deal could involve a large minority partner or a buy-out like structure led by more strategic partners, Bernstein said.

Hong Kong-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report.

Coinbase highlights questions about Tether reserves in campaign to get users over to USDC.

Staking started Tuesday, and 24.27 million LINK tokens were locked in by Thursday to secure the network.

An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets.

Tail risk investment strategies look to reduce overall portfolio risk by outperforming during an unexpected downturn, but do so at the cost of lower returns in a bull market.

The team, led by former SEC accountant Matt Jacques, is tasked with tracking billions of dollars that disappeared from FTX.

The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges.

Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution.

The interim chief executive discusses why the future of crypto will be based on proof-of-reserves and thoughtful regulation.

The purchase make Brendan Blumer the largest holder of Silvergate Capital.

Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge.

Singaporean bank DBS is the latest big bank to harness JPMorgan’s blockchain-based fixed income trading network Onyx, becoming the first Asian bank to do so.

Foundry will buy two mining facilities and has an option to acquire another site that is under development.

Former FTX CEO Bankman-Fried did not address concerns about customer funds being misappropriated or other recent revelations about the company.

Niklas Polk, a research analyst at analytics firm Nansen, discusses the firm’s latest report and what on-chain data reveals about the wallets used between FTX and Alameda.

Separately, the CEO of Genesis’ parent company disclosed that it had a roughly $575 million liability to Genesis.

Changpeng Zhao quickly deleted a tweet that called the companies’ disclosures into question.

The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.

Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.”

The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.

Grayscale said that “Genesis Global Capital is not a counterparty or service provider for any Grayscale product.”

The company has integrated with the government’s payment system Pix and begun allowing crypto purchases with Brazilian reals.

Singapore’s state investment fund Temasek is preparing to write off between $200 million and $300 million which it invested in bankrupt crypto exchange FTX, Bloomberg reported Wednesday.

The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of TerraUSD (UST) in May, according to a third-party audit by JS Held.

The deal fell apart just about two months after it was announced.

Alameda led funding rounds into both companies earlier this year.

Lex Sokolin, head economist of the decentralized protocol platform, discusses why crypto’s future shouldn’t be married to FTX’s collapse.

The wireless hotspot network voted to move to Solana in September.

Concerns around FTX’s health along with the broader crypto ecosystem spilled into the stock market Wednesday.

Binance scrapping its acquisition of rival FTX could mean institutional investors deciding to pull some of their money out of the crypto industry.

FTX is headed toward bankruptcy without a cash infusion.

While the FTX US website remains operational, FTX.com is experiencing widespread outages.

The foundation becomes official with a stash of StarkNet Tokens and a seven-member board.

A spokesperson for the crypto exchange said FTX’s issues “are beyond our control or ability to help.”

The world’s largest crypto exchange, Binance, bailed out one of its major competitors, FTX, in an event that shocked the crypto industry and is catching the attention of regulators.

Insolvent crypto exchange FTX halted crypto withdrawals on Tuesday, leading panicked customers to offload their bags among themselves at steep discounts.

The publicly traded crypto exchange sought to reassure customers and investors during panicky conditions on Tuesday.

The crypto villians discussed the impending FTX-Binance deal on the UpOnly podcast.

Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet.

The operator will collaborate with Astar Foundation and Accenture to speed up Web3 adoption in the country.

The two crypto exchange giants signed a a non-binding letter of intent, Binance CEO Changpeng Zhao confirmed on Twitter.

Roughly 20,000 bitcoin have been pulled from the crypto exchange in the past 24 hours, according to data from Coinglass.

The current pace of capital flows is less than one-third of 2021 levels.

Bebop, which is incubated by crypto market-maker Wintermute, first launched on the Ethereum blockchain this past June.

CZ said Binance has wired some $500 million “two days ago” as part of the move.

Musk’s buyout occurred after a lengthy back-and-forth between the two sides.

Los tokens no fungibles de la plataforma están creciendo aceleradamente a pesar del mercado bajista, mostró el informe.