Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.
Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees.
The six-time NBA Champion discusses why he’s jumping into Web3 and what’s behind the limited time NFT-based Metawear sneaker collection.
It’s likely we are witnessing the consolidation of the crypto market’s speculative nature.
The native token of the Yuga Labs ecosystem is unavailable to stake in the United States due to regulatory concerns by its parent foundation.
Staking will provide incentives that will enable the Chainlink system to grow, according to co-founder Sergey Naraov.
The social token’s expansion helps CoinDesk establish a Web3-driven feedback loop with readers.
Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday.
Policymakers from the world’s major jurisdictions want a crypto rulebook
Stocks have overtaken fundamentals and could soon fall back, QCP said.
The Ledger Stax is a stylish device that features an e-ink display that can show transaction details and even NFTs on its exterior.
Alchemy aims to build trust among developers and blockchain-curious users as they explore the space via one streamlined interface.
The bill would cap how much the grid operator can charge bitcoin miners for electricity.
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 6, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
ConsenSys clarified its data sharing practices and said it will rebuild MetaMaks’ settings page to address user concerns.
Only companies with Financial Conduct Authority permission will be allowed to approve promotional material, and crypto firms will be hit once the Financial Services and Markets Bill becomes law.
Brian Quintenz, a former commissioner with the U.S. Commodity Futures Trading Commission who left the agency last year, is amplifying his role at crypto venture capital firm Andreessen Horowitz (a16z) from advising to taking over as its head of policy, the company said on Tuesday.
“Because of the size of this year’s scandals and their far-reaching impacts, a lot of investors aren’t moving to BTC because they’re just leaving the space entirely,” one expert said.
The investment bank sees a bigger need for trustworthy and established players in the crypto space.
ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?
Bitcoin miners are being caught between rising costs and the lower price of bitcoin.
Ether’s annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned.
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
The structure was built by Ghanian workers compensated in bitcoin, on land donated by local communities.
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Shares of the crypto-focused bank have been reeling in part due to links with failed crypto exchange FTX and sister company Alameda Research.
The blockchain analysis firm Nansen says that some crypto traders appear to be withdrawing the LINK tokens en masse ahead of Tuesday’s opening for early access to Chainlink’s new staking program.
The price of Ethereum is down nearly 65% since last year’s Miami Art Week. But this year’s global cultural phenomena saw an uptick in events, attendees and conversations around Web3 technologies and their roadmap to mass adoption.
