The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Celsius gets extension for chapter 11 reorganization plan
Celsius has until Feb. 15, 2023, to submit a reorganization plan detailing how it will maximize profit for all creditors and stakeholders.
Over $20M staked as ApeCoin staking goes live
North American ApeCoin holders have been geoblocked from staking their tokens because of regulatory concerns.
Silvergate addresses FTX’s exposure, reassure stakeholders
Silvergate CEO wrote that the financial institution conducted significant due diligence on FTX and Alameda Research before onboarding them as clients.
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.
Miners finally see some relief as difficulty decreases 7.32%, making it the largest difficulty reduction in 2022
Bracing themselves for one of the harshest winters yet, miners are about to get at least some relief as they see the largest mining difficulty adjustment since July 2021.
CryptoSlate Wrapped Daily: Infura hits back, Nexo leaves US, SBF tries to avoid Congress
Infura claims IP collection in MetaMask 'blown out' while SBF attempts to dodge testifying about FTX collapse
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Orthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple's M11 lending Pool.
U.S. House Committee says SBF has sufficient knowledge to testify
Waters said SBF's several media interviews and his previous role as the bankrupt exchange CEO had shown the committee that he has enough information to testify before it.
Vitalik Buterin reveals exciting use cases for Ethereum ecosystem
Vitalik Buterin recently talked about the present Ethereum ecosystem that comprises money, DeFi, DAOs and more.
Stablecoin usage remain high despite crypto winter
Clemente said stablecoins use cases offer capital efficiency in crypto and givies access to USD to those without banking.
Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals
There have been ongoing discussions between Genesis, it's parent company Digital Currency Group Inc. (DCG) and DCG CEO Barry Silbert to find a resolution
Stablecoin provider Circle terminates plans to go public
Circle canceled its plans to go public following the termination of the company’s SPAC merger with Concord Acquisition Corp. Both companies did not provide any reason for terminating the partnership.
Dropping short-Bitcoin outflows indicate positive sentiment
Outflows in short-Bitcoin products dropped by $27 million over the past week following days of market turmoil in the wake of the FTX crash
Twitter rumors of crypto integration circulating
Famed for researching codes on Twitter, Wong's Twitter account was allegedly suspended shortly after sharing potentially leaked data.
Nexo bows out of US on regulatory uncertainty
Nexo stated that its "18 months of good-faith dialogue with U.S. state and federal regulators" had not yielded desired results.