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20.05 / 22:57

business Mining Crypto miners 3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.

20.05 / 20:37

business goldman sachs BitMEX Venture Capital Terra Terra Classic Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022

Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive weekly red candles, over $1 trillion in lost market cap across the ecosystem and an aggressive Federal Reserve hell-bent on reversing the chaos it created, major banks are quietly increasing their exposure to the sector. You’re going to love this: Goldman Sachs — once the most passionate Bitcoin detractors — and Barclays are doing some strategic buying as they prepare for the future of crypto trading.

20.05 / 14:13

business Stablecoin Altcoin Terra Luna Terra Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse.

20.05 / 14:01

business Blockchain Trading Bitcoin Crypto veterans extend a helping hand to bear market newbies

As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would give to traders who are encountering it for the first time.

20.05 / 09:35

business Technology cryptocurrency World How a trash-talking crypto bro caused a $40 billion crash

David Yaffe-Bellany and Erin Griffith (Circuits)

20.05 / 08:43

business regulation applications Commonwealth Bank puts crypto trading trial on ice as regulators dither

The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing.

20.05 / 08:29

business Stablecoin Usd Coin Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more....

Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation app Stablegains facing potential legal action over its losses from the event.

20.05 / 07:55

business defi Liquidity lending Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects

The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes “the Sharks of Wall Street” can smell blood in the water and are causing instability at several crypto projects.

19.05 / 20:33

business Stablecoin Tether Fiat Money Holdings reports Tether reports 17% decrease in commercial paper holdings over Q1 2022

USDT Stablecoin issuer Tether has reported it cut its reserves allocation to commercial paper investments and increased that of United States treasury bills over the first quarter of 2022.

19.05 / 20:21

business Adoption Tether education Tether launches crypto and blockchain education program in Switzerland

Switzerland’s southern city of Lugano will host a blockchain- and cryptocurrency-focused school as part of a partnership between the local government and Tether.

19.05 / 17:13

business Adoption Bitcoin Swiss asset manager Swiss asset manager Julius Baer eyes crypto and DeFi potential

132-year-old Swiss asset management firm Julius Baer intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients.

19.05 / 17:13

business NASDAQ stocks FTX US to launch stock trading against stablecoins

Majorcryptocurrency exchange FTX is moving into equity trading, with its United States-based subsidiary FTX US launching a stock trading platform.

19.05 / 09:53

business cryptocurrency Investment People hesitant to buy crypto, lack of knowledge to blame: study

With more than 100 million people globally using cryptocurrencies in 2021, the digital dollar has become a widely accepted way of saving and spending.

19.05 / 08:39

business regulation Environment us government crypto framework Framework The Dept. of Commerce has 17 questions to help develop a crypto framework

The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic competitiveness in digital assets including crypto and stablecoins.

19.05 / 08:39

business SEC coinbase Coinbase launches new crypto think tank to help shape policies

Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation around policies for digital assets.

19.05 / 06:27

business Blockchain Job Bitcoin Crypto jobs market holding up despite tech industry cutbacks

The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies.

19.05 / 05:51

business Blockchain Investments Terra Novogratz says LUNA tattoo is a constant reminder investing 'requires humility'

Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing.

19.05 / 05:09

business regulation investigation Terra Financial 'Grim Reapers' financial crimes unit revived to investigate Terra collapse

Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant "Grim Reapers of Yeoui-do" to investigate Terra’s fall.

19.05 / 05:09

business Technology Gaming $3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.”

19.05 / 00:15

business regulation Elections Fried PAC Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn.

18.05 / 22:47

business Facebook Payments Meta trademark filing hints at plans for crypto payments platform

Social media giant Facebook's parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency.

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