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Nalezeno "Winter": 445

Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter

16.8.2023
On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection, marking another setback for the troubled fintech company. In the August 15th filing, the company stated that it has 25,000 to 50,000 creditors and expects liabilities of $100 million to $500...

Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos

15.8.2023
Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted...

Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months

12.8.2023
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark...

Copy Trading Has ‘Disrupted the Crypto Industry’ Says Bitget’s Gracy Chen

23.7.2023
Copy trading has disrupted the crypto industry and is increasingly the trading strategy preferred by less experienced traders says Gracy Chen, managing director of the crypto trading platform Bitget. While copy trading is gaining popularity globally, traders and prospective users from Africa appear...

Europe Expects Its First Bitcoin ETF This Month, Report

16.7.2023
Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the regulatory challenges associated with the European...

Web3 VC Shima Capital Didn’t Slow Strategy for Crypto Winter

13.7.2023
The investor in early-stage crypto companies has remained one of the most active investors in the space despite a bear market and the collapses of FTX and three banks

Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction

10.7.2023
According to data recorded on July 9, 2023, Bitcoin’s next difficulty adjustment is estimated to rise between 4.74% and 7.7%, erasing the 3.26% reduction that occurred on June 28. Moreover, the total network hashrate achieved a 24-hour all-time high on July 8, reaching 538 exahash per second...

Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

4.7.2023
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...

Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal

22.6.2023
Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase Cleanspark’s current operations by just...

What Winter? Institutions’ Crypto View Rosier Than You Think

16.6.2023
Nomura’s global survey shows that commitment to digital assets remains strong outside the U.S., offering a way forward for the sector, says Michael Casey

Green crypto projects are resilient even during “Winter”, DigiToads is a gem not to miss out on

15.6.2023
Green crypto projects have proven to be resilient, even during the crypto market’s downtimes, often referred to as “winter”. These projects prioritize sustainability and eco-friendly practices, which contribute to a greener future and help maintain their stability in the face...

Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees

9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...

Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump

31.5.2023
Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday. Svanevik said that the decision to reduce the company’s cost base, which is “too high relative to where the company is today”, was based on the fact that Nansen...

Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’

26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...

Tradeblock, DCG Subsidiary, to Be Shuttered Due to Crypto Winter

26.5.2023
Amid an ongoing crypto market downturn, digital asset-focused venture capital firm Digital Currency Group (DCG) has announced it is closing its subsidiary TradeBlock which offers its trading services to institutional investors. The trading platform is scheduled to be shut down on May 31, Bloomberg...

Crypto's Open Source Ethos Yields Results

23.5.2023
It’s crypto winter and a time for building, as innovative new open-source projects on Polkadot and Cosmos can attest

Undeads Metaverse Completes Mint and Generates $1 Million in Sales

23.5.2023
PRESS RELEASE. Undeads Metaverse, AAA survival Web3 game, proudly announces the completion of its first mint amidst the prevailing crypto winter market. This achievement underscores the resilience of high-quality projects backed by experienced teams, demonstrating their ability to thrive even...