Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn 3 min read "PLGO All Hands" Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s...Read More
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit 3 min read Barry Silbert Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit admin January 20, 2023 Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The...Read More
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process 3 min read 3ACLiquidation Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process admin January 6, 2023 The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by...Read More
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens 4 min read asset manager Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens admin January 2, 2023 Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s...Read More
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues 3 min read Cameron Winklevoss Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues admin December 18, 2022 Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900...Read More
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month 3 min read Altcoins Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month admin December 16, 2022 While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in...Read More
Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets 3 min read $900 million Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets admin December 3, 2022 According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million...Read More
Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays 3 min read $14.19 billion Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays admin November 9, 2022 Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes...Read More
Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto 3 min read Coinbase Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto admin August 13, 2022 Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps...Read More
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’ 4 min read $31 Billion in sales Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’ admin July 16, 2022 The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20%...Read More
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ 4 min read 2TM Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ admin July 7, 2022 Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound...Read More
Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review 3 min read Binance Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review admin May 22, 2022 This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue...Read More