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PayPal Puts Stablecoin Project on Hold: Bloomberg
10.2.2023
Yesterday it was reported that PayPal crypto partner Paxos was being by the NYDFS
Crypto Exchange C3 Raises $6M to Offer FTX Alternative
10.2.2023
Two Sigma Ventures led the round for the decentralized exchange
Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
10.2.2023
Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether
Stablecoin Issuer Tether's Reserves Partly Managed by Cantor Fitzgerald: WSJ
10.2.2023
The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report
Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow
10.2.2023
Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC
Bitcoin Miner BitNile Pulls 6,500 Rigs from former Compute North Site
10.2.2023
The miner signed a hosting deal with bankrupt Compute North in September for a site that is now managed by USBTC
Web3 Gaming Platform Ajuna Raises $5M in New Private Financing
10.2.2023
The platform makes it easier for developers to connect traditional game engines to blockchains
PayPal Held $604M of Customers' Crypto as of Year-End 2022
10.2.2023
The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash
Microsoft Disbands Industrial Metaverse Project: Report
10.2.2023
The 100 members of the team have all been laid off, according to the report, according to a person with direct knowledge of the matter
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
10.2.2023
The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors
OP Token Falls After Surprise Optimism Airdrop
10.2.2023
Optimism conducted a second airdrop that rewarded users of the Ethereum layer 2. OP token fell on the news
Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market
9.2.2023
The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
9.2.2023
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers...
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...
Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
9.2.2023
Developer activity and adoption is the key to success, the report said
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
9.2.2023
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking...
Umami Finance CEO Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded
9.2.2023
The move followed on the back of Umami making changes to how its value accrual token worked
Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt
9.2.2023
Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF
Cross-Chain Protocol Stargate Finance’s Token Surges by Double Digits on Trader Joe Partnership
8.2.2023
The price jumped after an annoucement that Stargate would partner with Trader Joe announcement to unlock omnichain fungible tokens. The Stargate DAO also passed a token re-issuance proposal following security concerns tied to Alameda Research's wallets
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
8.2.2023
Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings