Celsius may issue a new token to compensate creditors
One of the reorganization options for Celsius would be to become a publicly traded U.S. regulated company. Celsius is looking to issue a new token to repay its debt to creditors, frozen on the platform since June last year. According to a Jan. 24 Bloomberg report, citing the recent video recording of the bankruptcy hearing, […]
Shiba Inu to launch Ethereum layer 2 Shibarium testnet
Meme coin developers have announced the launch of the Ethereum mainnet beta testnet. Shibarium will serve as a layer 2 network focused on metaverse and NFTs. In a recent community blog posted on Sunday, Shiba Inu developers hinted at a foreseeable Shibarium testnet launch: We ask the community to please understand, that this phased release […]
SEC charges Gemini and Genesis with offering unregistered securities
Today, SEC accused Gemini and Genesis of an unregistered offering of securities through the Gemini Earn lending product. Investigations into other securities violations are ongoing. In February 2021, Gemini opened a Gemini Earn product with Genesis, in which the latter was a lender, and Gemini acted as an agent for its customers. In return for […]
Arbitrum and Optimism overtake Ethereum in transaction volume
🚀 Layer 2 solutions like Arbitrum and Optimism are taking over! They’ve displaced the Ethereum mainnet in daily transaction volume for the first time. With faster and cheaper transactions, these L2 giants are a hit among users, making up nearly 80% of all L2 solutions. 🔥DeFi protocols and projects like Galxe are driving adoption of these L2 solutions, making them the go-to choice for many Ethereum users. 🚀
Sam Bankman-Fried wants to hold Robinhood shares, pay lawyers
The former FTX CEO, currently out on bail awaiting trial, is fighting for Robinhood shares claimed by both FTX and BlockFi to pay legal fees. On Dec. 28, during a court hearing, Judge Michael Kaplan agreed to consider BlockFi’s request to transfer 56 million Robinhood market shares, valued at $430 million, to a neutral broker […]
Silvergate cuts off 200 jobs to cover last year’s net losses
Fintech company primarily providing services for cryptocurrency businesses cut nearly 40% of its workforce to cover $8.1 billion of customers’ withdrawals. As reported by the Wall Street Journal, the company’s decision is primarily related to FTX and BlockFi collapses. Yet, back then, the crypto bank reassured its users that the exposure to both bankrupt firms […]
Grayscale ETH trust sinks to 60% all-time low, GBTC to 45%
As concerns widen around its parent company, Digital Currency Group, Grayscale’s Ethereum and Bitcoin trusts have fallen to record discounts. The Grayscale Ethereum Trust (ETHE) is currently trading at a significant discount of almost 60% to the value of its underlying assets. This follows a 93% decline in share value from its all-time high in […]
Ukraine enables crypto payments in pharmacies via Binance Pay
ANC Pharmacy, one of the largest pharmacy chains in Ukraine, has announced that it will accept cryptocurrency payments via contactless payment service Binance Pay. Customers will be able to make instant payments while purchasing pharmacy products online at ANC Pharmacy, as well as pharmacy stores Kopiyka and Shara, using Binance Pay. The new feature will […]
What opportunities can Web3 games offer to the players during the bear market?
What is Web3 gaming In a nutshell, Web3 games are digital games leveraging Web3 technologies, such as blockchain, NFTs, Decentralized Autonomous Organizations, etc. These technologies bring a number of benefits to the gaming industry. We will briefly summarize these advantages below. Complete ownership over in-game assets by gamers Unlike traditional games, in-game assets in Web3 […]
Robinhood shares may move to neutral broker
BlockFi’s bankruptcy judge may decide to transfer $430 million worth of Robinhood shares to a neutral broker or escrow account for the duration of the proceedings. During a court hearing this Wednesday, Michael Kaplan agreed to review BlockFi’s request to move 56 million Robinhood market shares worth $430 million to a neutral broker, which are […]
