Celsius bankruptcy filings show a company in deep trouble
The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits...
Day: July 14, 2022
Celo network back online after almost 24-hour outage
It was the first time the Celo mainnet had gone down in more than two years. Proof-of-stake-based blockchain Celo has...
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years. Crypto...
Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization
Ankr is one of the largest remote procedure call (RPC) endpoint providers in the crypto space, which are critical for...
Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary
The millionaire investor thinks that the market bottom will be marked by “total panic,” at which point weak companies with...
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S....
NYDIG to Provide the New York Yankees With Bitcoin Payroll Services
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year...
‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to...
Geopoly Launches Alpha Version Of Blockchain-Based Game
PRESS RELEASE. Geopoly has announced the launch of a blockchain-based alpha version of the game, which will be playable via...
OpenSea lays off 20% of its staff, citing ‘crypto winter’
The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including...
CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Crypto mining firm CleanSpark announced...
Circle discloses full breakdown of $55.7B USDC reserves
As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash...
3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said...
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial...
