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Social token platform Rally announces shutdown of sidechain
31.1.2023
Rally cited a "challenging year" for the crypto industry in its decision to “begin to sunset” the platform's sidechain after Jan. 31
Social Token Project Rally Shuts Ethereum Sidechain, Stranding Users’ Crypto Assets
31.1.2023
Rally blamed its sidechain’s demise on macro forces
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
31.1.2023
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe...
Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
31.1.2023
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
Fidelity Investment's Head of Institutional Crypto Exits Role
31.1.2023
Chris Tyrer joined Fidelity Digital Assets as its first U.K. employee four years ago
Mango Markets Exploiter Thought a DAO Protected Him. Then US Courts Showed Up
31.1.2023
Mango Labs’ $47 million civil suit against crypto trader Avraham Eisenberg is a case study in how the ideals of crypto governance and DAOs take a backseat to real-world contracts law
DeFi Liquidity Protocol Squid Raises $3.5M Round Led by North Island Ventures
31.1.2023
The Axelar-based protocol connects users with cross-chain assets for borrowing and lending
Structured Finance Platform Intain Opens Tokenized Marketplace for Asset-Backed Securities
31.1.2023
The marketplace will be built as an Avalanche Subnet
Crypto Issuance Startup Tokensoft Brings Its Token Launchpad On-Chain
31.1.2023
Tokensoft version 2 will allow for greater abstraction in how teams structure their token distributions
Nic Carter's Castle Island Ventures Backs New Crypto VC Firm
31.1.2023
Breed VC closed its first fund with nearly $20 million in capital
Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
31.1.2023
The deal with B. Riley will push off repayment dates and use Greenidge stock to pay off some of the funds
BankProv Stops Offering Loans Collateralized With Crypto Mining Machines
31.1.2023
The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt
Investment Manager Hamilton Lane Opens First Tokenized Fund With Securitize
31.1.2023
The Polygon-backed feeder makes the flagship direct equity fund available to more investors
UK Crypto Exchange Archax Launches FCA-Regulated Custody Service
31.1.2023
DekaBank Selects Swiss Crypto Specialist Metaco to Steer Digital Asset Offering
31.1.2023
The German banking giant chose Swiss cryptocurrency custody tech firm Metaco to develop its institutional digital asset offering
Crypto Services Company Prime Trust Lays Off One-Third of Staff
30.1.2023
Prime Trust laid off staffers in its communications and compliance as it navigated a rocky start to 2023
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars
30.1.2023
The move comes one week after Cumberland inked a deal Canada-based crypto platform BitBuy to boost liquidity on that exchange
Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX
30.1.2023
David Duong, the crypto exchange’s head of institutional research, says the collapse of FTX didn’t lead to a pullback from investors
Crypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022
30.1.2023
The fund took a 23% hit in November in the aftermath of FTX's collapse