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The 1 million instantly withdrawable ether has become a point of concern for the market. Ethereum’s backward-incompatible Shapella hard fork or Shanghai upgrade, slated to happen in eight days, will let users withdraw their "staked ether." Thelingering fearin the market is that the impending unlocking of ETH deposited in the network to boost security in return for rewards will see...
The funding came from DWF Labs, its eighth investment of $10 million or more in the last six weeks. (Elena Mozhvilo/Unsplash) Alchemy Pay, a payments provider based in Singapore, has received $10 million in investment from market maker DWF Labs at a $400 million valuation as it eyes expanding its business in South Korea. The company, which provides a way...
(Getty Images) Sushi Swap Head Chef Jared Grey is no longer feeling "inspired" after a wave of regulatory crackdowns on crypto exchanges, including the decentralized exchange (DEX) he manages, has put immense pressure on the crypto industry, according to comments he made during the protocol's ask-me-anything call on Thursday. Grey spoke candidly about his feelings toward U.S. regulators and the...
Kraken has inked a partnership deal with Williams Racing marking the first major return to F1 for crypto this year. Formula 1 teams could be warming to crypto advertising again despite a crypto sponsorship exodus in the wake of last year’s high-profile meltdowns. On March 28, American crypto exchange Kraken announced that it was partnering with the Williams Racing F1...
Nasdaq’s Auerbach: custody is first step in digital asset push Exchange group joins other big finance firms with crypto plans Nasdaq Inc.expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies...
Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission. Cathie Wood, chief executive officer and chief investment officer, ARK Invest (Marco Bello/Getty Images) ARK Invest bought COIN low and sold it high this week. On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5...
The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration. Coinbase argued Tuesday in the first crypto-related case to be heard by the U.S. Supreme Court (Jesse Hamilton/CoinDesk) Coinbase (COIN) argued at the U.S. Supreme Court on Tuesday that its disputes over...
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers. Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday under...
(George Rose/Getty Images) The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities. TheFDIC responded toa WednesdayReuters reportwhich said “any buyer of Signature must agree to give up all the crypto business at the bank,” citing two unnamed sources. An FDIC spokesperson denied this to Reuters. An FDIC spokesperson said in...
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round. (Moerschy/Pixabay) KuCoin Ventures, the venture arm of China-focused (but Seychelles-registered) crypto exchange KuCoin, led a $10 million funding round into the stablecoin issuer behind CNHC, a stablecoin pegged to the value of the offshore yuan. CNHC is pegged 1:1 with the offshore yuan, known by...
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