Page 59 of crypto

The crypto-focused bank had previously announced it would cut its workforce by 40%, or about 200 employees, as it tries to rein in costs amid a deepening crypto downturn.

Silvergate Capital reports net loss of $1 billion for the fourth quarter

Founded in 1988, Silvergate ventured into crypto in 2013.

January 18, 2023 10:49 IST

Chainalysis revealed that the cryptocurrency market struggled as 0.24% of last year's cryptocurrency volume was linked to the crime.

Cryptocurrency felony hits an all-time high at $20 billion in 2022

The industry experts noted that to make the cryptocurrency trading platform more secure, there needs to be true decentralisation of…

January 18, 2023 08:00 IST

Thailand's Securities and Exchange Commission recently announced plans to tighten regulations for cryptocurrencies.

Bank of Thailand to allow virtual banks by 2025

By 2024, the Bank of Thailand will grant interested businesses access to three different licences.

January 16, 2023 12:01 IST

Before the FTX deal, the building had been referred to as AmericanAirlines Arena since its opening in 1999.

Miami Heat home arena gets temporary name after FTX collapse

The county owns the arena and negotiated what was to be a 19-year, $135 million naming rights deal with FTX.

January 15, 2023 10:31 IST

Sequoia marked down its investment in FTX, including $150 million out of its third Global Growth Fund and $63.5 million into FTX and FTX US from its crossover fund to zero.

Sequoia Capital cuts fees for new funds amid VC slowdown

Reuters has reported that the U.S. Securities and Exchange Commission (SEC) has made inquiries into the due diligence processes of…

January 13, 2023 16:03 IST

Due to scale limitations, transaction volumes related to sanctions increased so sharply that they weren't even able to be displayed on the graphs

Illicit crypto transactions reached all-time highs in 2022: Report

Currently, the total value of $20.1 billion slightly exceeds the equivalent figure from 2021 ($18 billion) by 10%.

January 13, 2023 14:16 IST

A source told Reuters last week that Genesis, too, had cut jobs, equating to 30% of its workforce.

Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse

Th recent FTX collapse “significantly damaged trust in the industry,” Crypto.com Chief Executive Officer Kris Marszalek said in a statement.

January 13, 2023 12:19 IST

A spokesman for Mark Cohen and Christian Everdell, who represent Bankman-Fried, declined to comment. Cohen and Everdell also represented Maxwell in her criminal case.

Major media want to know who guaranteed Sam Bankman-Fried’s $250 million bond

The lawyers said there was “serious cause for concern” the additional sureties might suffer similar treatment if their names went…

Updated: January 13, 2023 11:14 IST

WazirX claims to have over 15 million users

Russia to start work on CBDC settlement system amid sanctions

The Bank of Russia previously stated that it intended to introduce the digital ruble by 2024

January 10, 2023 14:00 IST

It has four active institutional crypto-asset-related clients that account for about 1.5% of its revenues and 6% of deposits.

Regional lender Metropolitan Bank to exit crypto-related asset vertical

The crypto world’s woes have continued into this year marked by plunging deposits, layoffs and multiple legal hurdles.

January 10, 2023 10:15 IST

USDC reserves invested in the Circle Reserve Fund have increased by about $28.6 billion, or 65%, according to Blackrock's disclosure information.

About 65% of USDC reserves are held in US Treasury bills

On November 3, Circle established its Reserve Fund, and in less than a month, it moved about 29.5% of the…

January 9, 2023 16:47 IST

The executives were questioned regarding the cause of the sharp rise in DeFi hacks last year and whether or not this will persist through 2023.

Why DeFi should expect more hacks this year

Many fresh DeFi projects “don’t go through complete security testing before going live,” according to Deng.

January 9, 2023 16:15 IST

But Zuckerberg and his team are hardly the only tech visionaries with ideas on how the metaverse, which will employ a mix of virtual reality and other technologies, should take shape.

EXPLAINER: What is the metaverse and how will it work

Mark Zuckerberg’s all-in embrace — including renaming his company and investing tens of billions of dollars

Updated: January 6, 2023 12:27 IST

Mashinsky, a native of Ukraine whose family emigrated to Israel, decided to move to New York after he took a trip to the city in 1988, he told a Forbes podcast.

Who is Alex Mashinsky, the man behind the alleged Celsius crypto fraud

James’ lawsuit is the latest black eye for the crypto sector, which has been rocked by accusations against FTX crypto…

January 6, 2023 10:40 IST

The interested entities would be responsible for providing services related to the development and monetisation of specific categories of NFTs derived from their existing intellectual properties (IPs).

Mumbai Indians issues invitations to NFT platforms for fan engagement

The company further informed that the IPL franchise has released an RFP for revenue and price discovery.

January 4, 2023 14:06 IST

Mexico’s interest towards cryptocurrency reportedly increased in 2021

Winklevoss says crypto broker Genesis negotiating in bad faith

Genesis wrote in a letter to clients on Dec. 7 that it was working to preserve client assets and strengthen…

January 3, 2023 11:31 IST

SushiSwap disclosed that it had less than 1.5 years of runway left in its treasury, indicating that a significant deficit was endangering the exchange's ability to operate.

SushiSwap CEO suggests new tokenomics for liquidity

The proposed model would allocate 0.05% of swap fees revenue to liquidity providers (LPs), with higher volume pools receiving the…

January 2, 2023 10:11 IST

Surprisingly, the list of the worst-performing cryptocurrencies for 2022 does not include Bitcoin or Ethereum.

From FTX to Terra Luna; what are the top five cryptocurrency which fizzled out in 2022

As per TradingView, a network of traders and investors, the total market capitalisation of cryptocurrencies has decreased by roughly 70%…

January 2, 2023 09:11 IST

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US tech firm announces over 13,000 job cuts as it restructures

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Verizon, a major U.S. wireless carrier, will cut 13,000 jobs to reduce costs and improve operations, according to new CEO Dan Schulman. The decision is driven by the need to streamline operations and address customer issues, while facing competition and investing in 5G technology. A career transition fund will be available for affected employees.

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