The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
The CEO fears a contagion could spread from crypto mining companies with loans collateralized with their mining rigs that have since dropped in value.
Meta to end Novi crypto program by September 1
Novi users will no longer be able to make make deposits into their accounts from July 21.
Can NFTs really give you digital rights? CryptoSlate AMA with Theta Labs, AfterOrder, and SolSea
On July 1, 3 pm BST / 10 am ET, CryptoSlate hosted an AMA with Theta Labs, AfterOrder and SolSea to discuss how digital rights can be attributed to NFTs and the implications for music, art, and gaming
Crypto hacks are declining in numbers but increasing in damage
Research showed that the average dollar amount stolen in crypto hacks this years is more than double what it was in 2021.
Top 10 VC firms have ownership in 38% of all unicorns
Venture capital firms that have ownership in a large number of unicorns are pouring money into two sectors — internet services and fintech.
Colombia integrates Ripple’s XRPL for land registry
Colombia deployed a digitalized land registry system running on Ripple's XRPL Blockchain.
Voyager Digital suspends trading, deposits, withdrawals – stock drops 38%
Voyager has suspended trading, deposits, withdrawals, and rewards effective 2PM EDT June 30. It s share price fell 38% on the news.
Huobi founder looking to sell shares amid company downsizing
Huobi's founder Leon Li is reportedly looking to sell his stakes at Huobi as the exchange faces difficulties from banning China users.
FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million
BlockFi has confirmed it has given FTX the option to purchase the business for up to $240 million
Tether reducing commercial paper holdings down to $3.5 billion by end-July
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Stablecoins put on notice as EU lawmakers agree on landmark MiCA framework
Although MiCA will bring much needed regulatory clarity, crypto firms will face stricter rules under the new framework.
Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June
Crypto stakeholders are blaming the Fed's increase in interest rates for the crash of the crypto market.
President Bukele says ‘thank you for selling cheap,’ as El Salvador buys more Bitcoin
El Salvador buys another 80 Bitcoin, but total losses still come in at the tens of millions of dollars.
Following the acquisition of Gem and Genie, NFTGo.io, a prominent NFT data aggregator, rises to the top
NFTGo.io is an NFT data analytics and trading aggregator platform that provides users with a variety of powerful analytics tools and utilities.
US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million
The accused and his conspirators allegedly decided to rug pull the project and disappear with the money by laundering the crypto assets.