Crypto
Bankruptcy
Silvergate to return $9.85M deposit to BlockFi
The two companies set up a reserve agreement prior to the latter's bankruptcy.
Regulation
Tether denies WSJ allegations of falsified bank documents
The stablecoin firm called an earlier report "wholly inaccurate and misleading."
Mining
Marathon reports $410M of cash and Bitcoin following earlier 10-K delay
The mining firm reported 8,260 BTC and $219 million of cash unrestricted.
Regulation
Binance.US responds to senators’ letter on “potentially illegal” activities
The company acknowledged questions from Elizabeth Warren and other senators.
Mining
Riot sees lower 2022 revenue despite more BTC mined; delays annual filing on Bitcoin impairment calculation issue
The company's accounting practices affected its calculation of impairments on Bitcoin.
Crypto
CryptoSlate Wrapped Daily: Coinbase cuts ties with Silvergate; other firms join exodus
Coinbase was among the first companies to halt Silvergate Bank transfers today. Various other companies including Circle, Gemini, Crypto.com, and Bitstamp followed suit. These and other stories in today's edition of CryptoSlate Wrapped.
Banking
Gemini, Crypto.com, Bitstamp, MicroStrategy distance themselves from Silvergate
Three exchanges have blocked transfers; Microstrategy has claimed minimal exposure.
Wallets
Ethereum launches ERC-4337 “smart accounts”
The upgrade allows for account recovery, group-access wallets, and more.
KYC
Polygon open-sources its Web3 ID solution
The toolset, originally launched last year, can now be used more broadly.
Banking
Silvergate stock falls 32% after-hours after filing delay, possible inquiries
The crypto bank faces possible inquiries from U.S. Congress, the DOJ, and bank regulators.
Ordinals
CryptoSlate Wrapped Daily: Robinhood launches self-custody wallet; Poop emoji Ordinal sold for $28k
Robinhood has launched its self-custody crypto wallet for Apple devices. Meanwhile, Huobi advisor and TRON founder Justin Sun has called for unified crypto regulation. These and other stories in today's issue of CryptoSlate Wrapped Daily.
Crime
FTX executive Nishad Singh faces parallel charges from SEC, CFTC
The charges follow earlier action from the Southern District of New York (SDNY).