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BIS wraps exploration project on retail CBDC payment system

6.3.2023
The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds

TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility

6.3.2023
The miner expects its power cost to drop to $0.02/kWh when the nuclear site is fully operational

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

6.3.2023
Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year

Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap

6.3.2023
BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter

ETHDenver Teases Spin-off Plans as Conference Winds Down

6.3.2023
After a successful week of hacking, networking, and partying, ETHDenver co-founder John Paller revealed he is in talks to organize satellite events in other countries

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

The Rise and Fall of Silvergate’s Crypto Business

3.3.2023
Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions

Uniswap Wants to Launch Crypto Wallet App, but Apple Says Not So Fast

3.3.2023
The company behind the top decentralized exchange said Apple is standing in the way of the offering

Binance Faces Scrutiny as Senators Request Information on Business Operations – Crypto Clampdown Incoming?

3.3.2023
Three US senators have asked Binance and its US partner Binance.US to provide detailed information regarding their business operations amid accusations of illegal practices. In a letter dated Wednesday, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Roger Marshall (R-Kansas)...

Coinbase announces acquisition of One River Digital Asset Management

3.3.2023
As part of the acquisition, Coinbase said One River Digital’s team would join the exchange and CEO Eric Peters would stay to lead the firm under the name Coinbase Asset Management

Coinbase Acquires One River Digital Asset Management

3.3.2023
One River Digital, a subsidiary of One River Asset Management, will become Coinbase Asset Management

US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’

3.3.2023
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business...

Bitcoin Miner Marathon Digital Sold Almost All Bitcoin Mined in February

2.3.2023
The miner sold its mined bitcoin for the second time this year

Bitcoin Miner Riot Delays 10-K Filing Due to Impairment Calculation Issues

2.3.2023
The delay follows a similar move earlier this week by Marathon Digital on similar grounds

MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate

2.3.2023
Business software company Microstrategy (MSTR) said it has no assets custodied with Silvergate Capital (SI) and is in no other way financially linked to the bank other than a commitment to repay a loan in 2025, the company said on Thursday