But over the last few months, Lynell had become enmeshed in local politics after a cryptocurrency mine set up shop in their town of Murphy, North Carolina, in September 2021. “Mine” is a misnomer, as these facilities are clusters of computing units,
France’s Villeroy Urges Obligatory Licensing for Crypto Firms
Bank of France Governor Francois Villeroy de Galhau urged tougher regulatory requirements for crypto firms, in what could be a setback for an industry seeking to secure a stronger foothold in Europe.
Earlyworks Kicks Off U.S. IPO Process
Earlyworks has filed for U.S. IPO. It is developing blockchain and distributed ledger technologies for various applications. Read more on ELWS IPO here.
Why Crypto-Linked Stock Silvergate Capital Is Crashing Today
Silvergate Capital Corp (NYSE: SI) shares are plunging Thursday morning after the company announced select preliminary fourth-quarter financial metrics and provided a business update, which includes ...
Crypto losses in 2022 dropped 51% year on year to $4B
Immunefi’s Crypto Losses 2022 report found over $3.9 billion was 'lost' last year down 51.2% from 2021, when over $8 billion was stolen.
How The History Of Bank Runs Helps Us Understand The FTX Fiasco And Other 2022 Crypto Exchange Failures
To wrap your head around last year’s wave of crypto exchange failures, it’s useful to reflect on the history of banking crises and bank runs. The history shows both how this FTX calamity happened and ...
Celsius customers lose control of the $4.2 billion they deposited in accounts at the bankrupt crypto lender
Judge Martin Glenn said he "empathizes with the frustration account holders may feel if they didn't read or understand the specific terms of use." ...
The Challenge With Crypto Mixers, Tumblers and Blenders
The mixer conundrum is that they will lose privacy-needing users if they are compliant while getting a rap on the knuckle from the powers that be if they do not comply.
Web3 ecosystem lost $3.1 billion to crypto fraud in 2022
An Immunefi report finds that $3.1 billion in crypto was lost across the Web3 ecosystem in 2022 due to hacks and scams.
Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits
Clients pulled $8.1bn in deposits from Silvergate in late 2022, forcing the crypto-focused US bank to sell assets and underscoring how the implosion of FTX has rippled into the regulated financial ...
Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto Crisis
Silvergate was one of the first banks to work with crypto clients, branding itself as the leading financial institution in the digital asset space. The company rod ...
Cowen downgrades Coinbase as crypto companies face elevated scrutiny after FTX implosion
It's time to take a pause on shares of Coinbase as the company faces potential scrutiny in the wake of FTX's blowup, Cowen said.
Japan’s Nikkei bounces on chip strength but policy angst caps gains
Japan's Nikkei share average rebounded from a three-month low on Thursday as chip-related stocks rallied in line with U.S. peers, but gains were capped as hawkishness from global central banks clouded ...
Asia-Pacific shares rise as investors digest private survey data on China services
Asia-Pacific markets are set to climb as investors shrug off the U.S. Federal Reserve's commitment to higher interest rates in tackling inflation.
Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown
The bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto.
SEC intervenes on Binance US bid to buy assets of bankrupt crypto lender
The Securities and Exchange Commission has intervened in a deal that would see Binance US buy the assets of a bankrupt crypto lender, in a sign of how US authorities are stepping up their scrutiny of ...