On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate
On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor
Aptos (APT) the highly sensational cryptocurrency has attained its new All Time High (ATH) as per the CoinMarketCap (CMC) data. According to one of the most referenced and popular crypto data aggregators CMC, APT has gained an ATH of $12.66. The token is ranked 31st at the trading price of
The second largest meme cryptocurrency Shiba Inu’s ($SHIB) lead developer Shytoshi Kusama left the ‘SHIB Army’ with another puzzle to solve. As he appeared to have alerted the Shib community about the status of the much-anticipated “layer-2 blockchain Shibarium” via a cryptic update on his official Twitter account. Shytoshi Kusama
Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,
Global policymakers are becoming more concerned about the unpredictability of cryptocurrency markets. IMF officials Nobuyasu Sugimoto, deputy division chief of the division of financial supervision and regulation, and Bo Li, deputy managing director of the IMF, issued a warning on the potential impact of cryptocurrency market volatility on the global
Compass Mining had its case rejected the day after a group of clients tried to sue the firm for more than $2 million for failing to return their Bitcoin equipment after severing links with a Russian hosting provider. The court has, however, extended the deadline for the plaintiffs to submit
Mango Markets hacker Avraham Eisenberg, who had previously claimed responsibility for the scheme, was charged with fraud and market manipulation by the United States Securities and Exchange Commission (SEC) on Monday. The charges stem from his alleged actions on the Solana-based decentralized exchange (DEX) in October 2022. U.S. citizen and
It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will
