Michael Demissie, the head of digital assets at Wall Street powerhouse Bank of New York Mellon (BNY Mellon), has disclosed that investors are still very interested in the digital asset space amid the bear market. According to a Reuters report, Demissie believes cryptocurrencies are here to stay as investors have not lost interest in the...Read More
Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services. Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing. According to the SEC’s...Read More
Deutsche Bank AG’s asset management arm, DWS Group, is currently in talks with two German cryptocurrency firms over minority stake acquisitions. The investment is part of DWS’s efforts to revive growth and investor confidence, Bloomberg reported Wednesday, citing people familiar with the matter. DWS Group to Invest in Two Crypto Firms As per the report,...Read More
Disgraced crypto VC Zhu Su has officially announced his next project: “Open Exchange” – a crypto marketplace for claims and derivatives trading. The company is intended to help investors who lost money in 2022’s wave of industry bankruptcies – though crypto Twitter isn’t exactly enthusiastic about the idea. Rebuilding Crypto Per a Twitter thread from...Read More
While the crypto market tries to get away with the current bear market, a well-known crypto analyst and trader is predicting a bull run for Dogecoin. Recently, popularly known as Doge-killer, Shiba Inu has amazed it’s traders with its rising price action. Whereas the ninth cryptocurrency, Dogecoin is still stuck in the bearish trade cycle...Read More
The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again came to blows over the issue. In August 2022, Binance CEO Changpeng Zhoa and WazirX CEO Nischal Shetty publicly accused each other of lying about...Read More
Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014. During an interview with ReasonTV published on Wednesday, the venture capitalist discussed the future of crypto adoption and regulation, alongside the...Read More
Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 million and at least $67 million billion in consolidated total assets. Tether Remained Unfazed by the Bear Market Even though...Read More
[PRESS RELEASE – Please Read Disclaimer] PARIS, 25th Jan – Blockchain and other new generations of information technology innovation continue to make significant progress, while the metaverse and Web3 concepts are developing at a high speed. Research shows that France is one of the top countries attracting blockchain talent and French tech startups set a...Read More
Blockchain scaling platform Dymension announced the completion of a $6.7 million fundraiser in a private round led by several investment firms and angel investors. According to a press release seen by CryptoPotato, American crypto-focused VC Big Brain Holdings and multi-strategy VC Stratos led the private investment round, with participation from Shalom Meckenzie of DraftKings, on-chain...Read More
Most crypto projects that are based on Ethereum (ETH) utilize the Proof-of-Stake (PoS) consensus mechanism for securing their blockchains and incentivizing network participants. However, each blockchain has its own set of rules for its staking program, which includes the percentage yield for participants. As blockchains strive to secure their networks through staking, some rules, such...Read More
Peer-to-peer bitcoin trading platform LocalBitcoins will be discontinuing its services after over a decade of operations. The announcement makes LocalBitcoins the latest victim of the ongoing crypto winter. In a statement published on Thursday (Feb. 9, 2023), LocalBitcoins said it will be shutting down due to its inability to cope with the bear market rocking...Read More
The leading cryptocurrency miner – Argo Blockchain – announced that its CEO Peter Wall will step down from his post. The company lost its CFO – Alex Appleton – less than a week ago. Another Argo Exec Resigns According to a company’s announcement, Peter Wall will depart Argo Blockchain after serving as its Chief Executive Officer...Read More
[PRESS RELEASE – San Francisco, USA / California, 8th February 2023] Collector Crypt, a revolutionary startup bringing the $402 billion physical collectibles market to the Web3 space, has successfully closed its seed round, securing investments from GSR, Big Brain Holdings, FunFair Ventures, Genesis Block Ventures, Master Ventures Investment Management, StarLaunch, and Telos. Collector transforms the...Read More
The United States Securities and Exchange Commission (SEC) is probing major American crypto exchange Kraken over its unregistered securities offerings to U.S. investors. The investigation has gotten to an advanced stage, and Kraken will likely settle with the SEC in the coming days, Bloomberg reported Wednesday, citing people familiar with the matter. Kraken Under Scrutiny...Read More
On Feb. 9, Brian Armstrong cautioned that they were hearing rumors that the SEC would like to “get rid of crypto staking in the U.S. for retail customers.” He said he hopes that is not the case as “I believe it would be a terrible path for the U.S. if that was allowed to happen.”...Read More
Our new quarterly ETH Yield Swap contract – ETHYLDH23 – is now live, and started trading at 04:00 UTC on 9 February 2023.You can start trading ETHYLDH23 here, or learn more about the product here. If you haven’t yet created a BitMEX account, you can do so here. ETHYLDH23 Contract Specs Symbol: ETHYLDH23 Expiry date...Read More
Wall Street’s most revered investor, Michael Burry, appears to agree with the bleak prognosis that the U.S. economy will enter a recession in 2023. The inflation rate has reached its high, Burry tweeted on January 1. “Of course, this is hardly the cycle’s final zenith. Recession by any measure is projected to hit the United...Read More
Coin Cloud, one of the largest Bitcoin ATM operators in the US and Brazil, filed for bankruptcy this January 8, leaving nearly $500 million in liabilities. The crypto winter and the collapse of major companies like FTX, Alameda Research, and Blockfi, among others, has left Coin Cloud suffering from its aftermath. According to Coin Cloud’s...Read More
Trust Wallet – a multi-chain crypto wallet provider – provided a statement on Wednesday explaining recent events allowing for $4 million to be stolen from one of its users. The company chalked the theft’s cause up to a social engineering attack by an organized crime unit in Rome, rather than a flaw in its software. ...Read More
