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Kentucky to scrutinize contracts offering cheaper electricity to miners
6.12.2022
An Earthjustice lawyer said the hearings and discovery process would give Kentuckians a good idea what they would be paying for by subsidizing the facilities
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
6.12.2022
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default
Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
1.12.2022
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects
Bitcoin Languishes Near $16K as BlockFi Bankruptcy Keeps Crypto Credit Contagion Concerns in Focus
28.11.2022
US-based cryptocurrency lending and borrowing platform BlockFi, formerly one of the biggest in the cryptocurrency space, filed for Chapter 11 bankruptcy protection on Monday. The company indicated that it hopes to restructure and will continue operations for the time being....
This Green Token Has Raised Nearly $13 Million For Its Carbon-Credit Marketplace-On-The-Blockchain Platform – Time to Buy?
17.11.2022
Over the course of the last few weeks, the crypto market has taken a serious tumble thanks to the collapse of FTX. The contagion has been spreading out into the wider ecosystem and many other companies have already bankrupted themselves. However, there are some presales that have been doing...
Visa Terminates Agreements With Bankrupt Crypto Exchange FTX
15.11.2022
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends Agreements With FTX Visa Inc., the world’s...
Payments company Curve bids for BlockFi's 87,000 credit card customers
14.11.2022
A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi's credit card program's customers since Nov. 12
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
Orthogonal Credit alleged key weaknesses in Alameda's due diligence early in 2022
9.11.2022
The firm pushed Maple Finance to halt Alameda's dedicated borrower pool earlier this year
Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research
9.11.2022
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with...
Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools
9.11.2022
Multiple crypto investment firms received a “warning” label on lending protocol Clearpool for draining almost the maximum amount of credit from their credit pools
DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave
1.11.2022
Clave will use the credit pool to originate loans to Latin American businesses and consumers
Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation
29.10.2022
The European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves...
Is Credit Suisse a Canary in the Financial Industry Coal Mine?
28.10.2022
Though recent flubs dominate headlines, the Swiss bank’s real mistake may have been trying to compete with Wall Street in the first place
Visa's trademark applications suggest more involvement in crypto space
27.10.2022
The company's trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs
Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
25.10.2022
The Japanese credit card giant JCB is set to begin a central bank digital currency (CBDC) pilot that will intentionally make use of technology similar to that used by the central Bank of Japan in its own digital yen experiments....
Read More: Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
Anyone Can Start a Hedge Fund: How On-Chain Credit Changes the Crypto Economy
24.10.2022
Undercollateralized loans open crypto into new forms of financing, and could spur a wave of trading activity and capital formation
Japan’s International Payments System will test plastic cards for CBDC
24.10.2022
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace
How to Make a Folder “Slit” Effect With CSS
19.10.2022
When you put something — say a regular sheet of paper — in a manilla folder, a part of that thing might peek out of the folder a little bit. The same sort of thing with a wallet and credit …
How to Make a Folder “Slit” Effect With CSS originally published on CSS-Tricks, which is part of...
Mastercard taps Paxos to launch crypto trading for banks
17.10.2022
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services