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FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
3.3.2023
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total...
Binance launches anti-scam campaign after Hong Kong pilot run
3.3.2023
The new campaign features a withdrawal warning message that attempts to prevent users from sending their crypto to scammers
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
3.3.2023
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche...
The best cryptocurrencies of 2023: Investing in Shiba Inu, Cardano, and Avorak AI
3.3.2023
Cryptocurrency has been making waves in the financial markets for the past few years. As more and more investors begin to recognize the potential of cryptocurrency, they are turning towards it as an alternative investment option. In 2023, many new and exciting cryptocurrencies are expected to...
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
3.3.2023
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long...
Biggest Movers: DOGE, SHIB Fall to Lowest Levels Since January
3.3.2023
Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low. Dogecoin (DOGE)...
Coinbase announces acquisition of One River Digital Asset Management
3.3.2023
As part of the acquisition, Coinbase said One River Digital’s team would join the exchange and CEO Eric Peters would stay to lead the firm under the name Coinbase Asset Management
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
3.3.2023
The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number...
Crypto Exchange Bitzlato Restores Access to User Funds
3.3.2023
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money....
Xapo Bank becomes first bank to support Lightning Network Payments
3.3.2023
Xapo Bank, a leading international private bank, has integrated with the Bitcoin-based Lightning Network by partnering with Lightspark, to allow lightning-fast Bitcoin transaction payments for its members. Xapo Bank is an international licensed private bank and Bitcoin custodian that has been...
Ethereum devs confirm the postponement of the Shanghai upgrade
3.3.2023
Users have been eagerly waiting for Ethereum’s Shanghai upgrade that will allow withdrawals of ETH Staking. However, it was announced this week by the core developers of ETH over a call that the upgrade has been pushed to April and will most likely take place in the initial weeks of the month....
Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season
3.3.2023
The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of cryptocurrency in digital payments, including potentially...
Why CryptoMories (CRYPTOMORIES) and Acrocalypse (ACROC) holders are buying more Collateral Network (COLT)?
3.3.2023
A common experience among crypto and NFT holders is diversifying their portfolios, especially when they see more promising projects. Collateral Network (COLT) has seen an influx of new investors recently, resulting from a token price of just $0.01, especially from Acrocalypse (ACROC)...
Investment Fund Focused on Crypto Mining to Be Created in Russia
3.3.2023
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining...
TradingView is now integrated directly into Bitget Derivatives Exchange
3.3.2023
Leading crypto derivatives exchange Bitget now supports TradingView as part of a partnership that allows platform users to access all of the global trading platform’s instruments and communication channels. The integration is intended to streamline trading for Bitget’s users and allow them to delve...
HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK
3.3.2023
HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing...
FTX presentation shows 'massive shortfall' in firm's assets
3.3.2023
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
2.3.2023
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
2.3.2023
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S....
Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits
2.3.2023
During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting...