Paxos Reveals USDP and BUSD Reserves Challenges Other Stablecoins
Paxos Trust became the first stablecoin issuer to reveal the composition of its reserves for Binance USD (BUSD) and the...
Business
Blockchain.com Loses $270M in 3AC Chaos
Key Takeaways Blockchain.com has lost $270 million to Three Arrows Capital, according to a letter sent to shareholders two weeks...
Elon Musk wants to terminate the $44B Twitter takeover
In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter deal...
Bombshell allegations of fraud as KeyFi takes Celsius to court
Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had...
FTX Derivatives Play Faces Pushback From Wall Street
Bahamas-based crypto exchange FTX is pushing the Commodities and Futures Trading Commission to grant it a license to offer bitcoin...
Voyager Digital Files for Chapter 11 Bankruptcy
Key Takeaways Voyager Digital has commenced voluntary Chapter 11 bankruptcy proceedings in the Southern District of New York. The company...
Core Scientific sold $167M worth of Bitcoin holdings in June
United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its...
Meta signals closure of Novi wallet after a 10-month pilot
Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi...
Meta Platforms to Sunset Down Novi Digital Wallet This Fall
The curtain will fall on Meta Platforms’s embattled stablecoin project after a brief run as a tool for money transfers....
KuCoin CEO Denies Withdrawal Freeze Rumors
Key Takeaways KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital's collapse. The firm's...
FTX CEO Sets His Sights on Acquiring Distressed Mining Companies Next
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi....
A Response to WEB 3 Benefits Debate By WAM
Nowadays we’re facing major paradigm shifts, faster than we could ever imagine. The question is, should we keep up with...
Three Arrows Capital Liquidation Ordered by Court
Teneo Restructuring has been commissioned to manage the liquidation procedure. 3AC has multiple illiquid assets in the form of venture-capital...
ConsenSys Partners With StarkWare – Crypto Briefing
Key Takeaways ConsenSys and StarkWare have entered a partnership. Infura and MetaMask are integrating StarkNet, allowing developers and users to...
Enjoy Zero Swap Fees and Team Farming
Nomiswap provides a decentralized exchange platform with the lowest fees and a binary referral system. Decentralized exchanges have been rising...
Crypto payments ‘not currently cost effective,’ Amex exec says
Gonzalo Pérez del Arco, the director of government affairs in South Europe for card payment giant American Express, believes that making...
Metaverse can’t be built on the corporate business model, says EY innovation lead
Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be...
ASIC-Backed Loans Worth $4B in Jeopardy as Prices Tank
Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the...
