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Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
11.2.2023
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
10.2.2023
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms
Coinbase Product Head Departs for a16z Crypto
10.2.2023
Surojit Chatterjee tweeted his new role as executive in residence at Andreessen Horowitz
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
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
10.2.2023
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
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
Moonpay and Looksrare Partner to Bring Convenient NFT Purchasing to the Masses
10.2.2023
On Thursday, the fiat-to-crypto onramp business Moonpay announced a multi-year partnership with the non-fungible token (NFT) marketplace Looksrare. According to the deal, Looksrare will allow marketplace users to buy and sell crypto assets through Moonpay’s services. Moonpay and Looksrare...
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
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
9.2.2023
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC
Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief
9.2.2023
Energy producers finally have incentives to work with bitcoin miners as the price of natural gas drops from historic highs