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Crypto News Summary: BitMEX Announces its IEO & BMEX Token, BaFin Comes After Coinbase Germany, Paradigm Launches Crypto Policy Council with US Politicians
8.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: BitMEX Announces its IEO & BMEX Token, BaFin Comes After Coinbase Germany, Paradigm Launches Crypto...
Fidelity to beef up crypto unit by another 25% with 100 new hires
24.10.2022
The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
Ether staking could trigger securities laws — Gensler
16.9.2022
Though he did not specify any particular crypto, SEC chair Gary Gensler said proof-of-stake cryptocurrencies could be subject to securities laws
Three Senior Executives Jump from BlockFi Ahead of FTX Acquisition: Sources
8.9.2022
BlockFi’s Global Head of Institutional Distribution David Olsson, Head of Private Clients Samia Bayou, and Senior Institutional Sales Director Shane O’Callaghan are leaving the company, according to people familiar with the matter
FTX Could Buy BlockFi for Only $15M – or a Lot More If Crypto Lender Hits Big Goals
22.8.2022
FTX’s option to acquire BlockFi includes performance targets around a key SEC approval and more than doubling client assets that boost the purchase price to $240 million, people familiar with the matter told CoinDesk
BlockFi tops revenue grower list with 250,000% increase, BitGo aims to sue Galaxy Digital, and Bitcoin’s price drops: Hodler’s Digest, Aug. 14-20
20.8.2022
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
16.8.2022
The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer
NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs
2.8.2022
In the US, New York’s Attorney General says she wants Big Apple-based crypto industry workers and investors to come forward with complaints about unscrupulous crypto firms....
Read More: NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs
Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure
22.7.2022
Crypto lender BlockFi has $1.8 billion in open loans and $600 million in exposure, suggesting that loans are collateralized at a ratio of 2:3
Taiwan vs. Crypto, Uprise Might Compensate Some LUNA Losses + More News
22.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Taiwan vs. Crypto, Uprise Might Compensate Some LUNA Losses + More News
BlockFi had $1.8B in outstanding loans in Q2: Report
22.7.2022
Crypto lender BlockFi outlined the total amount of loans and net risk exposure it carried at the end of Q2 2022, and shared how it is managing liquidity and credit risk
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’
15.7.2022
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows...
BlockFi Has Stopped Accepting GBTC as Collateral: Report
12.7.2022
The company's exposure to the Grayscale Trust is now minimal, says CEO Zac Prince
Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
11.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._______...
Read More: Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure
8.7.2022
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...
Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2
2.7.2022