Silvergate Capital files for Chapter 11 bankruptcy in Delaware
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.
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Crypto activity in 2024 surpasses 2021 peak, fueled by Bitcoin ETFs — Chainalysis
The launch of the Bitcoin ETF in the US triggered an increase in the total value of Bitcoin activity across all regions worldwide, according to Chainalysis.
Circle partners with Sony’s blockchain lab on USDC expansion
The firm says it wants to make its stablecoin the standard for Web3 creators using Sony’s new layer-2 blockchain.
Yearn Finance shuns governance token with new stablecoin lending protocol
Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit.StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR).Introducing StableCredit,…
Trader gives $44K BTC price target as Bitcoin shrugs off executive order ‘nothingburger’
Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewExecutive order enters with a whimperData from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9.The pair had shrugged off the latest…
Bitcoin price slips under $19K as official data confirms US recession
Politicians continue to argue about whether the U.S. economy is in recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now. 267 Total views 23 Total shares Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United…
Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%
The Litecoin (LTC) Foundation has partnered with software development firm Beam to explore the implementation of a new protocol that would improve privacy and scalability. The news was reported in a Beam Medium blog post Feb. 7.The new protocol, dubbed “Mimblewimble” — a fictional tongue-tying curse from the popular Harry Potter novels — is reportedly…
BitMEX launches spot crypto exchange following $30M penalty
Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. 547 Total views 7 Total shares Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform.BitMEX officially announced on May 17 that…
Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology
The site will use a combination of solar panels and battery storage from excess daylight to power Bitcoin mining. 394 Total views 30 Total shares On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site…