Circle inks custody deal with New York Community Bancorp
This partnership will see New York Community Bank become a custodian of Circle’s USDC stablecoin.
BlockFi wins money services license in Iowa
The money services license will enable BlockFi to offer Iowa residents stablecoin trading services and instant fund transfers.
Bentley Motors gears up to drop its Genesis NFT collection on Polygon
Bentley believes NFTs can help transform the luxury automotive space just like they disrupted the art industry.
Coinbase to launch Advanced Trade as a replacement for Coinbase Pro
Coinbase is actively integrating features into Advanced Trade as it prepares to phase out Coinbase Pro later this year.
US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources
Five U.S. Senators are proposing to create a national registry for PoW mining companies and mandating them to provide regular disclosures about their energy sources and carbon emissions.
BlockFi gets $250 million credit facility from FTX to support platform
BlockFi intends to use the proceeds of the $250 million credit facility to bolster its balance sheet and platform strength.
Bitcoin Suisse Director says crypto market is forming a bottom
The crypto market is close to a point where some of the real excess leverage has been driven out of the system, and a bottom can begin to form, according to Bitcoin Suisse Director Giles Keating.
BlockFi liquidates major counterparty after it fails to meet margin call
BlockFi CEO revealed that the company liquidated a major counterparty after it failed to meet a margin call on its overcollateralized loan.
Israel, Hong Kong enter partnership to test new CBDC against cyber risks
The exposure-free retail CBDC the Bank of Israel and the Hong Kong Monetary Authority plan to test is assumed to carry less financial risk for consumers, Bloomberg News reported.
Avenue Capital CEO expects crypto selloff to continue till year end
BTC is yet to bottom out, and investors should expect more selling and pain between now and the end of the year, Avenue Capital CEO Marc Lasry says.
MicroStrategy denies receiving a margin call against $205M BTC-backed loan
MicroStrategy claims it holds a significant amount of unpledged BTC, which it can use to maintain the required loan-to-value ratio.
Celsius hires restructuring lawyers to help ease its financial woes
Celsius hired attorneys from Akin Gump Strauss Hauer & Feld LLP to help advise on possible solutions for its liquidity issues.
NYC Mayor plans to ask Governor Hochul to veto crypto mining bill
Passing the crypto mining bill into law will cause New York residents significant economic damage, according to Mayor Adams.
Richard Branson ramps up efforts to end crypto scams using his name
Branson has directed his legal team to confront social media companies that host false crypto advertisements bearing his name.
Nexo makes unsolicited offer to acquire Celsius’ assets after it halts withdrawals
Nexo made an unsolicited offer to buy "any remaining qualifying assets" of Celsius Network, including its collateralized loan portfolio, brand assets, and customer database.
MicroStrategy’s shares plunge in massive rout of crypto-related stocks
MicroStrategy's stock lost as much as 28% - its largest drop since 2017 - in premarket trading today.
BlockFi hires lobbyists to streamline talks with policymakers
BlockFi has teamed up with Arnold & Porter to create a five-person team that will oversee regulatory and tax policy for financial service providers in the crypto space.