Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
5.3.2023
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
5.3.2023
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that...
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
5.3.2023
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle. Silvergate Discontinues Crypto Payments...
Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
4.3.2023
Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports $8.6B deficit and Binance’s balance sheet sought by U.S. senators
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
4.3.2023
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens
Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release
4.3.2023
On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple not granting approval for the application launch...
Bybit halts USD bank transfers citing partner outages
4.3.2023
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones
4.3.2023
The proposal restricts Sam Bankman-Fried communication to a flip phone or other non-smartphone device with no internet access
Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion by 2025
4.3.2023
As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion over the next two years. The researchers at Galaxy...
Silvergate closes Exchange Network, releases $9.9M to BlockFi
4.3.2023
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision
US Legislators Call for Greater Transparency on Crypto Mining Emissions – Regulation Incoming?
4.3.2023
US lawmakers have expressed intentions to reintroduce a bill that would require crypto mining companies to disclose emissions data for operations that use more than five megawatts of electrical power.
On Friday, United States Senator Edward Markey and Representative Jared...