Hassan Bassiri’s exit comes months after the firm shuttered its Digital Yield Fund, citing market volatility.
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.
Gary Gensler’s Take on Crypto Doesn’t Matter
Axelar Introduces Virtual Machine for Developers Building Cross-Chain Crypto Apps
Axelar describes its new VM as Kubernetes for Web3.
Avatars, Get Ready to Strut: Decentraland to Host Second Metaverse Fashion Week
The event will see Dolce & Gabbana and Tommy Hilfiger return with new virtual activations, while Coach and Adidas are set to debut their digital wearables on the popular metaverse platform.
TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week
Blockchain data shows exchange giant Binance has been relying increasingly on TUSD after regulators clamped down on its Binance USD stablecoin.
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.
Price analysis 2/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum.
Blockchain Founders Fund raises $75M to encourage Web3 mass adoption
The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others.
Blur runs after OpenSea market share, but its success depends on upcoming governance proposals
Blur’s liquidity heist on OpenSea continues as each project competes in royalties, fees and decentralized governance.
Cointelegraph partners with Phaver mobile Web3 social app
The partnership will grant the 200,000+ users across Phaver and other Lens-based Web3 apps access to daily Cointelegraph content.
Inflationary vs. deflationary cryptocurrencies, Explained
Inflationary cryptocurrencies have a continuously increasing supply, while deflationary cryptocurrencies have a decreasing supply.
UK Banking Regulator to Propose Rules on Issuing, Holding Crypto
The U.K. also recently started a consultation on regulating the sector and a potential central bank digital currency.
Coinbase announces suspension of BUSD trading beginning March 13
The San Francisco-based cryptocurrency exchange referred to its “listing standards” in a tweet.
Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes
This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance’s claim that they were 100% backed.
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.
Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards
Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange said in a tweet Monday.
Bitcoin price eyes $24K retest as US dollar dives into monthly close
A strong BTC price weekly close becomes an attack on resistance levels lost the week prior as DXY headwinds lessen.
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28.
STX Perpetual Futures Open Interest Doubles to $80M as Traders Take Shorts
I suspect traders are betting that there isn’t a follow-up to Bitcoin NFTs and this is more of a flash in the pan, one analyst said.