Derar Islim addressed the institutional crypto brokerage’s clients in a letter on Wednesday.
NFT Research Tool NFT Inspect Is Shutting Down
The decision to shutter the service comes as the NFT market faces intense headwinds, with sales volume dropping by double digits quarter-over-quarter.
Core Scientific to Shut Down Celsius Crypto Mining Equipment
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month.
Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket
The addition to the satellite constellation was part of efforts to make space a “new battleground in the quest for bulletproof cryptography” by expanding computational power.
Solana Exec Says Platform Still Gaining New Users Despite FTX’s Collapse
Austin Federa, Solana Foundation Head of Strategy & Communications, discusses why the collapse of FTX hasn’t kept the network from building and scaling.
Bitcoin Miner Stronghold Continues Debt Restructuring With Convertible Preferred Share Issuance
The miner, which runs coal-powered plants in Pennsylvania, has been reducing its debt since the summer.
Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: Report
Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing.
Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says
The newfangled device looks like a high-end space heater but uses integrated circuitry to process bitcoin transactions.
Bernstein Says Crypto Exchange Binance Is Not Likely to Fail
The exchange demonstrated its robustness when about $6 billion of customer funds were withdrawn on Dec. 13, the report said.
Zodia Custody Appoints Crypto Exchange Bitstamp’s Julian Sawyer as Chief Executive Officer
Sawyer was Bitstamp’s CEO and a co-founder of U.K. lender Starling Bank.
2022 Crypto Attacks Were Least in December, With $62M Lost in Heists, Certik Says
Blockchain audit firm CertiK noted some $3.7 billion were lost to scams and hacks in 2022, making it the worst year for nefarious activities in the market’s history, so far.
Genesis-DCG Loan Leads to Class Action Arbitration Case from Gemini Clients
Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute
Crypto Asset Manager Valkyrie Investments Wants to Sponsor, Manage Grayscale Bitcoin Trust
GBTC, the world’s largest bitcoin fund, has been trading at near a record discount relative to the price of bitcoin.
Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
Bitcoin miners had a rough 2022, showing “how to not build a mining business,” However, industry experts don’t see 2023 as any better, unless markets improve significantly.
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan
BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core.
Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit
The group says it’s retrieved all the funds after offering a bounty to the hacker.
FTX Japan to Allow Customers to Withdraw Funds Starting in Mid-February
The plan would make FTX Japan customers some of the first of the collapsed crypto exchange to get their money back.
Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets
Concerns over the security of assets in FTX custody prompted the Bahamian regulator to step in, a statement says.
FBI Investigating 3Commas Data Breach
This week, an anonymous hacker leaked 100,000 API keys connected to the crypto trading service.