Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld
Key Takeaways Nexo has signed an indicative term sheet with Vauld, granting it an exclusive 60-day exploratory period to look...
Business
Binance CEO Raises Alarm on Chinese Data Breach
Binance CEO Changpeng “CZ” Zhao sounded the alarm on a massive data leak of one billion Chinese residents that went...
Deribit and Blockchain.com Creditors Who Pushed for 3AC Liquidation
Deribit and Blockchain.com exchanges were among the creditors who pushed for the liquidation of embattled crypto hedge fund Three Arrows...
Meta Platforms to Sunset Down Novi Digital Wallet This Fall
The curtain will fall on Meta Platforms’s embattled stablecoin project after a brief run as a tool for money transfers....
KuCoin CEO Denies Withdrawal Freeze Rumors
Key Takeaways KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital's collapse. The firm's...
FTX CEO Sets His Sights on Acquiring Distressed Mining Companies Next
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi....
Tangem Helps You Prosper With Non-extractable Private Keys
Tangem is envisioning revolutionizing crypto security with its seedless crypto storage system. Cryptocurrency is in a growing frenzy. Digital assets...
Pocket Network Advances its Multichain Strategy with Latest Milestone
Pocket Network is an infrastructure middleware protocol that facilitates decentralized multichain blockchain access to developer applications in Web3. These include...
ConsenSys Partners With StarkWare – Crypto Briefing
Key Takeaways ConsenSys and StarkWare have entered a partnership. Infura and MetaMask are integrating StarkNet, allowing developers and users to...
Three Arrows Capital Liquidation Ordered by Court
Teneo Restructuring has been commissioned to manage the liquidation procedure. 3AC has multiple illiquid assets in the form of venture-capital...
Enjoy Zero Swap Fees and Team Farming
Nomiswap provides a decentralized exchange platform with the lowest fees and a binary referral system. Decentralized exchanges have been rising...
BlockFi to Increase Deposit Rates, Removes Free Monthly Withdrawal
BlockFi CEO, Zac Prince, announced Friday that the crypto lender would increase deposit rates and rescind a policy permitting one...
BlockFi Raises Rates Three Days After FTX Bailout
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates...
ASIC-Backed Loans Worth $4B in Jeopardy as Prices Tank
Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the...
Austrian Exchange Bitpanda Cuts Third of Workforce
Austrian exchange Bitpanda cuts almost a third of its workforce as it battens down the hatches for an unpredictable crypto...
Solana Mobile Launches an Android Phone for Web3
Solana Mobile has just released an Android phone that lets potentially billions of users get connected on Web3. Solana Mobile...
Solana Unveils Web3 Mobile Phone
Key Takeaways Solana is launching a mobile phone called Saga. Users will be able to download dApps including trading platforms...
Iris Energy to Expand Operations to 4.3 EH/S by Q4 2022
The Sydney-based Bitcoin miner Iris Energy, with sites in British Columbia, Canada, is deploying additional capital to improve its contribution...
Bitfarms Sells 3,000 BTC to Help With Liquidity Amid Market Downturn
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million...
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least...
BlockFi Cuts 20% of Workforce Amid Crypto Downturn
Key Takeaways BlockFi is firing 20% of its employees due to dramatic market conditions. The company is focusing on profitability...
ProShares Wants You to Short Bitcoin Through Its New ETF
Key Takeaways ProShares will launch the first Bitcoin short ETF on Jun. 21. The ETF will allow investors to hedge...
