Month: January 2023
Find a Font (1976) [pdf]
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OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’
Report shows reserves are largely spread between bitcoin, ether, and USDT.
Ether, Bitcoin Long Traders See $110M Liquidations on Bitzlato Induced Volatility
Over 76% of all traders betting on the market’s growth were liquidated yesterday, only for prices to recover slightly on Thursday.
Binance Named as Counterparty in FinCEN Order Against Bitzlato
Binance, the world’s largest crypto exchange was named as a counterparty in a FinCEN order against little-known cryptocurrency exchange, Bitzlato.
Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023
Bitcoin Suisse CEO emphasizes importance of “Swiss quality” and “safe custody for crypto industry.”
National Australia Bank Becomes Second Australian Bank to Build Stablecoin
The National Australia Bank (NAB), one of the four biggest Australian banks, has created a stablecoin called AUDN.
A lot of fintechs “have to fix their business models,” say VCs who invest in fintechs
In recent years, working for, or banking with, a traditional financial institution was decidedly uncool. Far cooler was working for or banking with one of the many fintech startups that seemed to thumb their nose at stodgy bank brands. Then the Federal Reserve hiked interest rates, stocks tanked, and a lot of fintech outfits that … Read more
Twitter Blue is now available on Android at the same price as iOS
A day after launching an annual Twitter Blue subscription, the social media company made the paid plan available for purchase for Android users today. Users will have to pay $11 per month if they buy the Twitter Blue plan through Android. The pricing is the same as what users on iOS have to pay, but … Read more
ChatGPT for Search Engines
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Coinbase halts operations in Japan
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Circle Ventures Backs $4M Round for Blockchain-Based Debt Provider Obligate
The startup, formerly known as FQX, lets companies raise money through debt securities.
India’s PhonePe tops $12 billion valuation in new funding
PhonePe’s valuation has surged to $12 billion in a new funding round as it the Indian fintech giant readies its life without parent firm Flipkart. The Bengaluru-headquartered startup said it has raised $350 million and anticipates raising up to another $650 million as part of the round. General Atlantic led the first tranche of the … Read more
CoinDesk could be up for grabs as parent company DCG scrambles for funds
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment.
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
This marks the second “Big 4” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
C-C-C-Combo breaker: Bitcoin ends ‘ridiculous’ 14-day winning streak
Bitcoin was on the road to breaking a nearly 10-year-old record but the price dip over the past day put a stop to the multi-day win streak.
Shein valuation reportedly plummets by a third as it seeks $3B
Shein, the fast fashion behemoth that has swept across the world, is raising a significant down round as the startup world braces for a funding crunch. The e-commerce platform known for jaw-dropping outfit prices and savvy TikTok marketing is seeking $3 billion at a valuation of $64 billion, down from the $100 billion price tag … Read more
Economics Drives Ray-Gun Resurgence
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CFTC commissioner: Crypto exchanges shouldn’t ‘self-certify’ tokens
Commissioner Christy Goldsmith Romero wants crypto exchanges blocked from self-certifying crypto and crypto products before going live on their platforms.
Soaring growth of Ethereum layer-2 networks set to continue in 2023
Leading layer-2 networks on Ethereum have seen a surge in daily active users and fees recently.