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Crypto
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
The full list of banks that held cash for Circle’s USDC are Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank (a division of…
Coinbase CEO reiterates that ‘staking’ products aren’t securities
Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the…
CoinDesk’s Major Award Is a Huge Moment for Us and Crypto Media Generally
The news that Ian Allison and Tracy Wang are joint recipients of a Polk Award, one of the most prestigious in journalism, for three November scoops that led to the…
Bitcoin miners as energy buyers, explained
To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable…
Fund Management Giant State Street Increases Stake in Silvergate to 9.3%
Alongside a big rally in crypto-related stocks Thursday, shares in Silvergate are soaring 38% and are now higher by 30% year to date. They remain lower by 80% year…
Solana (SOL) price rally could fizzle out due to weak fundamentals
Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL…
President Herbert Hoover Saves the Day for a Crypto Bank? Yeah, That’s Weird
Basically, Silvergate is the bank for a lot of crypto businesses (1,300+, according to the company website, if you include “fintechs”), which tend to have problems…
US authorities launch page to notify FTX’s victims about SBF’s case
The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s victims of fraud at FTX…
Digital Dollar Will Come Eventually, Lobbyist Says
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Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020
Binance has acquired Indonesian crypto asset trader Tokocrypto, according to local reports on Dec. 19. The purchase was confirmed in a tweet by Binance CEO Changpeng…