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Silvergate Bank 'Had to Be Perfect' but Now Pays a Heavy Price: Strategist
9.3.2023
But because they weren’t, the industry now is likely to have a difficult time attracting traditional firms into the crypto banking industry, Jim Bianco, president of Bianco Research LLC, says
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
9.3.2023
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets...
Senior U.S. House Republican Says CBDCs Could Be ‘Weaponized’ as Political Tool
9.3.2023
One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
9.3.2023
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
Here’s Every Single Video Game Remake You Can Play In 2023
9.3.2023
This year is completely stuffed with video game remakes and remasters, like the gaming world is an overgrown hermit crab stubbornly holding onto a little cone-shaped shell. While you might wish to be born again every month or so, video games aren’t afraid to rehash what they are again, and again....
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security
9.3.2023
The New York Attorney General's office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
9.3.2023
Bitcoin, ether and other major cryptocurrencies turned red as the crypto-focused lender’s crisis continued to unfold
Starbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop
9.3.2023
Members of Starbucks Odyssey, currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
9.3.2023
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members
NFT Company Palm Teams With Pussy Riot to Foster Activist Art
9.3.2023
Tolokonnikova will teach an “Activist Master Class” on the Palm network’s educational platform and curate a feminist art contest through the Palm DAO during NFT.NYC
Why Financial Analysts Missed Silvergate’s Red Flags
9.3.2023
There were numerous signs of the crypto bank’s problems, but nobody seemed to notice. Angelo Calvello says you shouldn't use traditional investment metrics to assess a non-traditional company
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
9.3.2023
Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...
Republic Crypto Denies Buying 10M ASTRA Tokens, Says Astra Gave Tokens to It as Part of a 'Free Trial'
9.3.2023
CoinDesk based its original March 7 story on a statement from Astra that said Republic purchased the tokens and that included a quote from a Republic executive. The statement was wrong, Republic says
Gaming Protocol Aavegotchi Members Are Voting to End Multiyear Token Sale, Which Could Limit GHST Supply
9.3.2023
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem
4 Potential Winners of the Silvergate Unwind
9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
9.3.2023
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by "electrical issues" at another site
US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr
9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision
Ethereum Co-Founder Vitalik Buterin Dumps Altcoins Worth 220ETH That Have 'No Moral Value'
9.3.2023
Ethereum founder Vitalik Buterin liquidated a portion of his altcoin holdings this week before going on to say that the tokens sold had "no cultural or moral value."