Industry
MicroStrategy, Tether add firms away from Silvergate as shares fall 57%
Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two companies to publicly deny having any significant exposure to Silvergate Bank.Craig GreenBinance 'does not plan to lay off staff', will fill 500 positions in the first half
Cryptocurrency exchange Binance “does not plan to lay off staff,” but instead seeks to fill another 500 positions by the end of JuneChristopher SmithDecentralized storage platform introduces permanent storage and community satellites
Decentralized storage networks are gaining popularity among mainstream centralized providers such as Amazon Web Services, Google Cloud, and Microsoft Azure.Christopher SmithHyperPlay game aggregator alpha released, built-in Web3 wallet
HyperPlay, a Web3-native game launcher with a built-in crypto wallet, has announced its early access release.Martha GrizzardChiliz Announces $50M Incubator and Accelerator Program for Early Blockchain Projects
Chiliz, a global company dealing with sports and entertainment blockchain, has launched its incubator and accelerator program Chiliz Labs with the support of Jump Crypto.Wayne IngramKoii Labs and Idexos launch middleware bridge designed to replace CEX
According to a report by Token Terminal, attacks on bridging technologies in 2022 will lead to the theft of $2.5 billion from decentralized finance (DeFi) protocols.Jerry McNeillThe same day Twitter went offline Jack Dorsey launched a decentralized alternative
On March 1, Twitter went down again after thousands of users pointed out problems with Elon Musk's social media platform.Barry StidhamUS Lawmaker Says SEC Accounting Policies Put Cryptocurrency Customers at Risk
Two U.S. lawmakers have criticized cryptocurrency accounting guidelines outlined by the state securities regulator, arguing that they put cryptocurrency customers at greater risk of loss.Craig GreenScam alert: Trezor warns users of new phishing attack
Hardware cryptocurrency wallet provider Trezor is warning its users of a new phishing attack that targets their crypto investments by attempting to steal their private keysChristopher SmithNearly two years later, Block is still looking for a wallet partner
On March 1, nearly two years after Jack Dorsey's technology group Block (then known as Square) announced plans to build a self-custodial bitcoin walletWayne IngramBitKeep still on track to fully compensate victims of $8M APK exploit
BitKeep, a Singapore-based cross-chain encryption wallet developer, stated that in a security breach on December 26, BitKeep’s APK 7.2.9 (Android Package Kit) installation package was hijacked,Hallie GillCircle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnership with Silvergate Bank
After announcing an investigation into Silvergate’s alleged involvement in the FTX debacle, several cryptocurrency firms announced they would scale back or end their relationship with Silvergate entirely.Jerry McNeillNear Protocol Releases Web3 Blockchain Operating System
The company revealed at Web3 and innovation festival ETHDenver 2023 that decentralized application (DApp) Near Protocol is releasing a new blockchain operating system focused on improving User Experience on Web3.Sherry CantwellFTX Presentation Reveals 'Severe Shortage' of Company Assets
Bankrupt cryptocurrency exchange FTX and its U.S. arm, FTX US, have both lost billions of dollars in customer funds after disclosing a “massive gap” in its holdings of digital assets and fiat currencies.Barry StidhamAustralians Revealed as Key Targets of Israeli Cryptocurrency Scam Group
Evidence suggests that Australians are one of the main countries targeted by a sophisticated network of cryptocurrency investment scams that suspects Israel as the main figure.Barry StidhamAustralian Regulator Reviews Binance Australia Derivatives Account Closure
Binance Australia Derivatives abruptly sent out a message to a specific group of users on February 23 that it would immediately close the accounts of certain users due to misclassifying them as “wholesale customers.”Craig GreenBTC Lightning Network Wallet BlueWallet to Shut Down Bitcoin Node Lndhub.io
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, the Lightning Network node on the Bitcoin network used to store and trade satoshisCornell RachelCircle CEO Thinks SEC Shouldn't Regulate Stablecoins
After the SEC's recent crackdown on several cryptocurrency companies, Jeremy Allaire doesn't think the agency is particularly well suited to regulate stablecoins.Martha GrizzardSolana Faces Block Production Slowdown, Network Reboot
The Solana network faced a slowdown in block production on Feb. 25 following a validator software upgrade.Craig GreenFDIC-insured Citizens Trust Bank will hold $65 million in USDC reserves
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority depository institution.Christopher Smith
