Crypto Industry News

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 […]

Wyre will cease operations in January 2023 after its $1.5 billion acquisition by Bolt Financial fell through. The main reason is inability to operate in current market conditions. Wyre is a financial technology company that enables individuals and businesses to send and receive payments globally. It was founded in 2013 and has millions of users […]

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 […]

Su Zhu, co-founder of the troubled hedge fund Three Arrows Capital, leveled accusations against Digital Currency Group, pointing to its conspiracy with FTX in the collapse of Terra LUNA, which led to the bankruptcies of 3AC and Babel. Su Zhu was responding primarily to the spreading accusations against Digital Currency Group (DCG), led by Gemini […]

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 […]

After a month of inactivity, the bankrupt sister company of FTX, Alameda Research, was caught transferring $1.7 million worth of assets through multiple crypto mixers. Data from the crypto intelligence agency Arkham shows that in the 24 hours between December 27th and 28th, 30 Alameda wallets started swapping ETH/USDT and sending it to crypto-mixing services. […]

Custodial investment firm Midas has announced the closure of its platform due to the $63.3 million balance sheet hole created by the collapses of Celsius and FTX. Iakov Trevor, the CEO of Midas Investment, the platform that previously enabled users to deposit funds and invest in various decentralized finance projects, said in a blog post […]

Martin Shkreli, also known as Pharma Bro, commented on Sam Bankman-Fried’s survival in federal prison. He previously emphasized that SBF got lucky with the judge to get the bail deal. Pharma Bro, a former CEO of Turing Pharmaceuticals, was sentenced to 7 years in prison for committing fraud by selling AIDS’s Daraprim tablets for $750 […]

According to a Forbes report, the top crypto investors and founders lost about $116 billion in total assets from March to December this year. The entire industry suffered significant losses this year with the collapse of Terra’s stablecoin LUNA, followed by bankrupt hedge fund Three Arrow Capital, brokerage firm Voyager Digital, crypto lenders Celsius and […]

The crypto exchange Binance has prepared answers to all the latest media FUD in its blog. Let’s review the points together and see if the exchange has answered all the questions. The blog post starts with “After the stress test, we will win the trust of more users.” Recall the stress test in question: The […]