By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise; bitcoin tumbles to $21.7K.Publish […]
First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns
Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced to stop supporting the networks.Publish at: March 09, 2023 at 12:26AM
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standardsPublish at: March 08, 2023 at 11:25PM
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral.Publish at: March 08, 2023 at 10:52PM
Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The scheme’s founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.Publish at: March 08, 2023 at 10:01PM
Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans.Publish at: March 08, 2023 at 09:41PM
Pension Fund-Backed Parataxis Capital Shakes Off Crypto Winter With New Fund
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The fund employs a long/short relative value trading strategy, and will launch with $25 million to $50 million in capital.Publish at: March 08, 2023 at 09:28PM
Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Craig Salm discusses what scenario is likely to play out for the firm’s ongoing bid to gain approval for its spot Bitcoin ETF following Tuesday’s appeals court hearing.Publish at: March 08, 2023 at 08:37PM
Crypto Trading Protocol Vertex Eyes Institutional Traders on Arbitrum
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data “You can never scale the way we’re planning to scale if you’re just” automatic market maker-driven, co-founder Darius Tabatabai said.Publish at: March 08, 2023 at 08:37PM
Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.Publish at: March […]