Amber Group, a cryptocurrency trading business located in Singapore, is reportedly ending a $25 million sponsorship arrangement with the football team Chelsea FC as published by Bloomberg and cited by an anonymous source. To reduce its headcount to around 400, Amber Group, financed by Temasek and Sequoia Capital, is also
An American bankruptcy court overseeing the insolvency of cryptocurrency lender Celsius Network has directed the return of about $44 million in digital currency. Judge Martin Glenn’s decision, as reported by Bloomberg, would affect a very tiny portion of the total client money kept by Celsius that has never been used
Following the release of its Ethereum Smart Staking solution, Nexo saw a 5.3% increase in the value of its native coin. Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH (NETH) and get staking incentives of between 4% and 12% APY, paid out in NETH. According
The much-awaited “Grand Central hard fork” was finally enabled on the DeFiChain network at 1:00 AM EST on December 8th on Block Height 2,479,000. And the Grand Central hard fork occurred with four key features such as on-chain governance, token consortium framework, masternode parameter updates support, and pool commission &
Andreessen Horowitz, better known as a16z, a crypto venture capital company, has announced that Brian Quintenz will now serve as its full-time head of policy. After serving as a commissioner of the CFTC under both Obama and Trump. Quintenz initially joined a16z in September 2021 as a senior adviser. During
The exclusivity period for defunct cryptocurrency lender Celsius was extended until February 15, 2023. With the court’s OK, the struggling cryptocurrency lender has a few more months to submit a Chapter 11 reorganization plan. Two court sessions on December 6 resulted in the permission to prolong the term of exclusivity.
Morgan Stanley warned in a study published on Monday that Silvergate Capital (SI) faces a variety of risks due to the turmoil in the cryptocurrency industry after the bankruptcy of the crypto exchange FTX. Wall Street bank team led by analyst Manan Gosalia slashed Silvergate shares ratings to underweight from
Just now, the Ethereum-based DeFi liquidity provider, Balancer ($BAL) revealed a report on its TVL (Total Value Locked) which is estimated to be $1.56 billion. The Balancer is one of a well-known Decentralized “Automated Market Makers” (AMMs) on the Ethereum network that lets users quickly swap tokens and be rewarded
After the demise of FTX, the blockchain-based institutional capital marketplace Maple Finance declared on the 5th that it will sever all links with Orthogonal Trading due to the alleged falsification of finances. Maple Finance claims that the decision was made because Orthogonal Trading had been “operating while effectively insolvent” for
Bankrupt FTX subsidiary business Alameda Research made its largest venture investment in Genesis Digital Assets, a cryptocurrency mining firm. On December 3rd, Bloomberg released documents showing that in less than nine months, Genesis Digital had raised $1.15 billion from Alameda. Injection of funds took place between August 2021 and April
