Although its implementation is still months away, the European Union’s Markets in Crypto-Assets (MiCA) regulations will draw a clear line between compliant and non-compliant crypto asset service providers. Many consider the promise of the European Union’s Markets in Crypto-Assets (MiCA) regulation to be a very good first step in creating consistent international regulation on crypto […]
MiCA Regulations Will Make Crypto Safer Read More »
With bankruptcy proceedings for failed crypto platforms likely to take many years, customers with locked funds are moving to sell their accounts in online marketplaces. In what was the first major crypto exchange implosion, the Mt. Gox exchange declared bankruptcy in 2014. Nine years later its account holders still have no confirmed date for a
Locked Account Holders Sell Their FTX, Celsius and BlockFi Accounts Read More »
Crypto prices continue their downward slide as major players Genesis Global and BlockFi halt withdrawals in response to the FTX contagion. It has been a steady week of continued downwards price movements in digital asset markets following the FTX and Alameda Research collapse. The price of Bitcoin (BTC) is down ~0.49% this week, while the price of Ethereum
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In an email to clients, BlockFi admits significant exposure to FTX, says it has engaged financial advisers and that its aim is “maximizing value for all of our clients.” In its first communication to customers since it paused withdrawals, BlockFi says it is “deeply saddened to see the devastation that is cascading across an industry
BlockFi: Hiring Advisers, Says Goal Is “Maximizing Value” For Clients Read More »
In the last 12 months Nexo has reworked its product offering in an initiative it has branded ‘Nexonomics’. The Nexo Booster is the latest in a series of innovations from the company, but what exactly is it – and what is its risk profile? In the last year, Nexo has developed an impressive track record
What is the Nexo Booster? Read More »
Fireblocks has announced a key hire in its moves to engage with central banks globally in their introduction of digital currencies. The company has hired former Head of Fintech at the Bank of England, Varun Paul, to helm its Central Banking Digital Currency (CBDC) and Market Infrastructure arm. Paul has a Master’s Degree in Economics
Fireblocks Advances Its Central Bank Digital Currency Strategy Read More »
Crypto finance platform Coinloan has announced it has begun the process of delisting a range of once-popular DeFi tokens due in part to insufficient demand. Estonia based Coinloan says the delisting of the DeFi assets will start immediately and will be completed by June the 5th. It blames low customer demand and “other business considerations”
Coinloan Delists DeFi Tokens UNI, COMP, SUSHI, YFI and AVX Read More »
The DeFi ecosystem lost $1.22 billion dollars to hackers in the first three months of 2022 – a massive sum that threatens the sector’s very existence. Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by
Security – The Giant Problem DeFi Doesn’t Want To Talk About Read More »
From May 1st BlockFi has announced a major review of its interest rates – both up and down. In an announcement to account holders in late April, BlockFi says its deposit interest rates for BlockFi Interest Account (BIA) holders will be decreasing for stablecoins and several major cryptocurrencies including Bitcoin and Ethereum. At the same
BlockFi Overhauls Interest Rates – Up and Down Read More »
Trezo says its users are being targeted in phishing attacks after Trezor user’s data stored on Mailchimp servers was recently hacked. Updated April 17th. In an incident that highlights the risks of crypto companies relying on the security of third parties, Czech Republic-based Satoshi Labs is warning its users to never reveal their seed phrases
Trezor Warns: Users Targeted After Mailchimp Hack Read More »
