Industry
Stablecoins Can Gain From Silvergate's Dilemma
A new study by digital asset data provider Kaiko has found that Silvergate’s decision to shut down its instant payments network could boost investor adoption of stablecoins in cryptocurrency transactions.Barry StidhamCanaan's Q4 22 mining revenue increased by 368%, but there is a trap
Rising electricity costs and falling digital asset prices, combined with high mining difficulty in the fourth quarter, slashed mining margins and made it difficult for miners to stay afloat.Craig GreenBinance tried to hire Gary Gensler in 2018 to strengthen ties with US regulators
Cryptocurrency exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the SEC, according to a Wall Street Journal report based on 2018 and 2020 messages and documents and interviews with former employees.Craig GreenCryptocurrency Money Moves From CeFi To DeFi After Major Crash
Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, a 190% increase from 2021, while investments in centralized finance projects did the opposite falling 73% to $4.3 billion over the same period.Cornell RachelPresident Bukele Explains How El Salvador Benefits from Bitcoin Legalization
El Salvador’s President Nayib Bukele has revealed that the country’s tourism industry has grown by 95% since Bitcoin was adopted as an official payment method.Sherry CantwellNaira no longer redesigned: President's directive rejected by Nigeria's Supreme Court
In 2020, the Central Bank of the Bahamas became the first bank in the world to offer a central bank-issued CBDC (Sand Dollar) to all residents of the island nation.Wayne IngramHermès Asks Court to Stop Selling MetaBirkin NFT After Recent Jury Decision
French luxury fashion house Hermès International has asked a Manhattan federal court to prevent artist Mason Rothschild from marketing or owning his "MetaBirkin" non-fungible tokenSherry CantwellAlameda Research Files Lawsuit Against Grayscale Over 'Self-Enforced Redemption Injunction'
Alameda Research announced on March 6 that it has filed a lawsuit against Grayscale Investments in the Delaware Chancery Court.James DeanCoinbase CEO Hints Its New Layer 2 Network May Include Anti-Money Laundering Measures
Coinbase CEO Brian Armstrong has hinted that the company's new layer 2 blockchain network Base may be subject to transaction monitoring and anti-money laundering measures at launch.Christopher SmithSEC Charges Utah Firm With 'Fraudulent' $18M Cryptocurrency Mining Scheme
Utah-based Green United LLC supplied software and crypto mining equipment as part of an $18 million "fraudulent scheme" that never mined what it claimed would, according to the U.S. Securities and Exchange Commission (SEC).Cornell RachelTeraWulf goes nuclear: 8,000 rigs at Nautilus mining facility
US-based bitcoin mining company TeraWulf has launched a new cryptocurrency mining facility in Pennsylvania running entirely on nuclear power generated on-site.Martha GrizzardOrdinals Creator Slams Yuga Labs for 'Degenerate' Bitcoin NFT Auction
Many were excited when Yuga Labs announced its first NFT collection of ordinals last month, but the exact nature of its auction process has proven highly controversial.Hallie GillMetaMask's Token Might Not Be What You Expect
Airdrops have certainly changed the course of many blockchain-based projects and the companies behind them.Jerry McNeillDOJ seeks to shrink Sam Bankman-Fried's bail, use only flip phones
The U.S. Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), according to a March 3 court filing.Cornell RachelForget Time-Consuming DeFi Practices - Simple Automated Farming Solutions
The explosive growth of the decentralized finance (DeFi) world in 2020 has brought a wealth of new opportunities,Hallie GillRipple CEO Says America Falls Behind Other Countries in Crypto Adoption
Ripple CEO Brad Garlinghouse believes that the U.S. has fallen behind other countries in the crypto space due to regulatory uncertainty.Sherry CantwellCourt Dismisses Tax Fraud Charges Against Michael Saylor's MicroStrategy
The District of Columbia Superior Court has dismissed a civil lawsuit against U.S. business intelligence firm MicroStrategy,James DeanDespite Crypto Bear Market, Revolut's Revenue to Grow 33% in 2022
Revolut, the London-based fintech that allows cryptocurrency transactions, will see its revenue soar 33% in 2022, the company's chief financial officer said.Barry StidhamForget Bitcoin, Coinbase CEO Advocates for a US-Backed Stablecoin
It's really hard being a crypto executive in a post-FTX world.Craig GreenCan OpenSea succeed in regaining dominance again?
Blur has managed to capture a large portion of OpenSea's market share. But will it last?Christopher Smith
