Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees....
Month: January 2023
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to...
Germany’s 2022 Inflation Rate the Worst in More Than 30 Years
In a year that was characterized by surging energy and food prices, Germany’s average inflation rate in 2022 rose to...
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt,...
Bank of England answers professionals’ questions about upcoming CBDC wallet
The Bank of England answered more than 70 questions from applicants who wish to win over the $244,000 contract. Companies...
Logan Paul threatens to sue Coffeezilla over CryptoZoo ‘scam’ allegations
YouTube boxer Logan Paul, who was spearheading the CryptoZoo NFT project, has accused Coffeezilla of publishing “defamation” about him and...
‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst
The Bitcoin Bollinger Band "squeeze" is not a firm indicator of a breakout, says the metric's creator. Bitcoin (BTC) traders...
Twitter data breach: Hacker put 200M users’ private information up for grabs
The hacker had demanded $200,000 to return the breached data back in December but warned that if their conditions are...
Mango Markets exploiter Avraham Eisenberg ordered into detention pending trial
A United States Magistrate Judge determined that it was necessary to detain the Mango Markets exploiter before finishing the trial....
LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges
A class action is seeking damages from the password manager following a data breach in August 2022. A class action...
Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments
A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available...
US Regulators and the Fed Jointly Issue Crypto Warnings
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have...
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the...
Crypto firm Juno urges users to withdraw after ‘uncertainty’ with custody partner
Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre....
