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Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
27.2.2023
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million
Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes
27.2.2023
This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance's claim that they were 100% backed
Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards
27.2.2023
Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange said in a tweet Monday
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
27.2.2023
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28
BIT Token Surges to Weekly High Following $200M BitDAO Ecosystem Fund Proposal
27.2.2023
BIT jumped 5% over the weekend, outperforming both ETH and BTC, following the proposal from layer 2 network, Mantle
Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement
27.2.2023
PRESS RELEASE. Flynt Finance, a cryptocurrency portfolio management platform, has announced a partnership with Ceffu, formerly known as Binance Custody, to provide its clients with enhanced asset storage security and access to its off-exchange settlement solution, Mirror. Ceffu is an institutional...
Authorities in France Arrest Duo Involved in Platypus Exploit
27.2.2023
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg
Lido Finance activates staking rate limit after more than 150,000 ETH staked
27.2.2023
Lido Finance had to activate its safety feature "Staking Rate Limit" after over 150,000 ETH was staked in a single day
Ladislav Krištoufek (IES FSV UK): Decentralizované finance a krypto jsou jako laboratoř
27.2.2023
Svět kryptoměn má za sebou hodně bouřlivé měsíce. Situaci ovlivnil hlavně pád kryptoburzy FTX. „Systém určitě nekončí. Problém by nastal teprve ve chvíli, kdy by se ukázala nějaká velká díra v krytí hlavních stablecoinů. To by byl velký průšvih,“ říká profesor ekonomie Ladislav Krištoufek
Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’
27.2.2023
U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested outright banning of crypto activities,”...
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder
26.2.2023
On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow...
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
26.2.2023
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation...
Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On
26.2.2023
Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns
25.2.2023
The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster instability” and indicated that...
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
25.2.2023
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that...
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
25.2.2023
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank...
Coordinated global crypto policies: G20 key financial stability priority
25.2.2023
India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms
Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack
25.2.2023
The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds
Yield platform Stablegains sued for promoting UST: Finance Redefined
24.2.2023
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million