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Lido Staked Ether (STETH) $ 3,241.09 1.85%

Monthly Archives: May 2023

Singapore’s-temasek-to-exercise-caution-in-crypto-space-after-ftx-nightmare
CoinDesk Feed

Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare

Singapore’s Temasek Holdings, one of its sovereign wealth funds, has pledged to take “collective accountability” for its failed $275 million investment in collapsed crypto exchange FTX.In a statement released Monday morning, the fund said there was “fraudulent conduct intentionally hidden from investors, including Temasek.”"Although there was no misconduct by the investment team in reaching their…
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Indian-crypto-exchanges-are-in-survival-mode,-trying-to-extend-their-runways
CoinDesk Feed

Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways

Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways – when they run out of money.CoinDesk spoke to employees and senior executives at six prominent Indian crypto platforms –…
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Temasek-slashes-compensation-for-execs-responsible-for-its-$275m-ftx-investment
Cointelegraph Feed

Temasek slashes compensation for execs responsible for its $275M FTX investment

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX. Temasek was once the second-largest outside investor of FTX, with 7 million shares, according to Forbes. The firm however was forced to answer for its investment play after the exchange collapsed.According to a May…
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First-mover-asia:-bitcoin-rises-past-$28k-on-debt-ceiling-deal
CoinDesk Feed

First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal

Good morning. Here’s what’s happening:Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively.Insights: China didn't say much new about Web3 in a paper it released over the weekend, but the report represented progress…
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Another-dormant-ethereum-wallet-reawakens-after-8-years,-moving-millions
Cointelegraph Feed

Another dormant Ethereum wallet reawakens after 8 years, moving millions

An Ether (ETH) wallet that has been inactive since Ethereum’s ICO (Initial Coin Offering) in 2015, has suddenly awoken after eight years of dormancy, moving a total of 8,000 ETH in just two minutes.The wallet received the 8,000 ETH after participating in Ethereum’s ICO (Initial Coin Offering) in 2015 and remained inactive until May 27. On…
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Ethereum’s-shanghai-upgrade-made-it-easier-to-detect-criminals
Cointelegraph Feed

Ethereum’s Shanghai upgrade made it easier to detect criminals

With its historic Merge event in September, Ethereum has become a proof-of-stake blockchain. The mechanism now used to confirm transactions relies on validators staking their Ether (ETH). Ethereum’s March upgrade, codenamed Shanghai, finally enabled stakers to withdraw their locked Ether. The Ethereum ecosystem’s “investment themes” have included a) decentralized finance (DeFi) b) stablecoins c) Bitcoin (via…
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Turns-out,-it’s-pretty-difficult-to-insure-crypto-users-and-platforms
Cointelegraph Feed

Turns out, it’s pretty difficult to insure crypto users and platforms

Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.Last year saw $3.9 billion stolen from crypto companies, decentralized finance platforms and users, a massive 22% rise from the prior year — and…
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Bitcoin-reclaims-$28k,-and-charts-suggest-arb,-xrp,-eos-and-aave-could-follow
Cointelegraph Feed

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

The United States looks to avoid a catastrophic debt default after the White House and the House Republicans agreed upon a tentative deal on May 27. The U.S. equities markets rallied in anticipation of the deal on May 26 and the positive sentiment has rubbed off onto the cryptocurrency sector, which is attempting a recovery.Buying…
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Bitcoin-can-bring-’cause-and-consequence-into-cyberspace’,-boost-security-—-michael-saylor
Cointelegraph Feed

Bitcoin can bring ’cause and consequence into cyberspace’, boost security — Michael Saylor

During an interview, Michael Saylor discussed how crypto networks like Bitcoin can promote security and combat digital trust issues. 987 Total views 8 Total shares Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News.…
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