Silvergate, the crypto-friendly banking service wind down its operations and is in process of voluntary liquidation. The bank announced the stoppage of crypto payment services, which was major “the heart” of the firm, as the week began. The crypto ecosystem now will have one less banking support. Silvergate news announcement
Leading Gaming Ecosystem to Leverage Sui Network to Build First-of-its-Kind Action Role-Playing Game PALO ALTO, Calif.–(BUSINESS WIRE)–Mysten Labs, a web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, today announced that it has partnered with Metagame Industries, an interconnected web3 gaming ecosystem. Through this partnership, Metagame Industries
Since its debut, Binance has solidified its position as a leading exchange for crypto trading. Binance has joined the AI hype train in an effort to capitalize on the growing interest in this technology. More and more artificial intelligence-powered image-generation services have emerged in recent years, allowing users to input
South Korean blockchain research and data analysis service Messari has joined the ranks of crypto-focused businesses that have laid off employees in response to the current economic downturn. They let 15% of their employees go because they knew it was the best move for the company in the long term.
ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in four upcoming investor forums in March. Management will attend: KBW Fintech & Payments Conference on March 1, 2023. Chief Product Officer of Bitcoin & Crypto, Dan O’Prey will participate in a crypto panel discussion beginning at
The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Since its Proof-of-Reserves website went up at the end of last year. The exchange claims that more than 175,000 unique visitors have checked it
Binance, a cryptocurrency exchange, has minted roughly $50 million worth of TrueUSD in only a few days after news surfaced that US regulators were looking into Paxos and Binance USD. According to Etherscan, the transaction occurred on February 16 and came only two days after Binance CEO Changpeng Zhao “CZ”
Circle, the company that issued USD Coin, has refuted that it was served with a “Wells Notice” due to the stablecoin’s tie to the US dollar. On February 14, Fox Business reporter Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission (SEC) had ordered Circle to stop selling USDC
The largest cryptocurrency exchange Binance onboarded Noah Perlman, crypto exchange Gemini’s former C-suite executive, as its new Chief Compliance Officer. Evidently, Binance is reinforcing its compliance team through significant hiring to insulate itself from growing regulatory scrutiny. The news about this prominent hiring was first reported by Bloomberg on Monday,
Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users. The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then
