El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
El Salvador has collected over 2,300 Bitcoins since 2021. Even though the county lost more than $50 million with the recent crash, it's finance minister says the risk is extremely minimal.
More troubles for Three Arrow Capital as 8Blocks accuses it of $1M misappropriation
8Blocks want firms still holding Three Arrows assets to freeze them so that their debtors can be paid back after legal proceedings.
Celsius users share harrowing posts as withdrawal freeze extends to fourth day
Users are left in limbo as Celsius CEO posts vague update on what is happening at the lending and borrowing platform.
GPU mining could eventually be profitable after Ethereum moves to proof of stake
After Ethereum switches to proof-of-stake almost 1.1PH of mining power will need to find a new home
CAR’s president remains unfazed by the crypto market downturn
The president of Central African Republic hints at his continued support for bitcoin in a tweet despite the negative state of the crypto market.
FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets
The Financial Industry Regulatory Authority welcomes people who got laid off from crypto platforms as it increases resources to understand and monitor cryptocurrencies.
Kraken CEO lashes out against some employees for being ‘bad fit’
Jesse Powell said that the actions of some employees is negatively impacting the productivity of others because their focus has shifted from the company’s culture.
Venus Protocol: Bringing DeFi to the masses
The first algorithmic money maker on BNB Chain wants to make DeFi mainstream — and it's on the road to get there.
Fed hikes interest rate by 75 basis points; Bitcoin continues to trade above $20,000
Crypto market remained stable following the US Federal Reserve's decision to raise interest rates will be raised by 75 basis points.
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.
Tether claps back at rumors surrounding its commercial paper portfolio
Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.
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.
Binance CEO throws shade at exchange rivals over layoffs
CZ announces Binance is hiring as rival firms scramble to cuts costs through staff redundancies.
TronDAO pulls 2.1B TRX from Binance to ‘safeguard crypto market’ as USDD depegg continues
Justin Sun and Tron DAO have made several efforts to help USDD regain its peg.
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.
Is MicroStrategy about to double down with a $500M Bitcoin buy?
Against a deteriorating macro environment, MicroStrategy is considering a significant Bitcoin buy to increase its hoard.
Hackers can steal crypto keys on Intel, AMD CPUs via ‘Hertzbleed’ vulnerability
The researchers noted that the result of the research could be applied to all modern CPUs as the majority possess the Dynamic Voltage Frequency Scaling (DVFS).
Bill Gates puts NFTs on blast as ‘shams’
Bill Gates recently spoke at a climate conference and addressed crypto projects like NFTs as shams, saying they have no real contribution.
Three Arrows Capital insolvency rumors draw questions over soundness of DeFi
Rumors on social media allege that Singapore-based crypto hedge fund manager Three Arrows Capital is on the verge of insolvency.
Rumored 3AC wallet drops below liquidation level risking over $200 million in ETH
The wallet rumored to belong to 3AC has just dropped below its maintenance level indicating the liquidation of over $200M ETH may be imminent
CipherTrace report shows a decline in illicit activity in the crypto ecosystem
CipherTrace reported that crypto crimes has reduced and the crypto ecosystem has grown exponentially in recent years.
Binance partners with Splyt to offer users ride-hailing services on its platform
The partnership will give users access to ride-hailing services and a chance to pay for the services in cryptocurrency.
Mike Novogratz equates crypto crash to Long Term Capital Management crisis
The crypto investor said that while the worst may soon be over for the crypto market, prices could still go further south.