Crypto lending platform Nexo is in talks with Citigroup as it plans to swoop in and acquire rival platforms.
Babel Finance Reaches Debt Agreement With Counterparties After Withdrawal Freeze
Hong Kong-based crypto lender Babel Finance has reached “preliminary agreements” with several counterparties and customers after a withdrawal freeze last week.
Celsius Network Pauses AMAs, With Customers Left in the Dark Over Withdrawals
Crypto lending platform Celsius Network has paused AMAs (ask-me-anything) and Twitter spaces following its decision to freeze withdrawals last week.
How Crypto Lender Celsius Overheated
Celsius rapidly became more brazen in its attempts to generate yields, using decentralized lending protocols and aggregators to juggle around client funds for the best return.
Babel Finance Suspends Withdrawals, Citing ‘Unusual Liquidity Pressures’
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital.
FTX Agrees to Acquire Canadian Trading Platform Bitvo as It Eyes Regional Expansion
FTX’s decision to acquire Bitvo comes after rival exchange Binance pulled out of Ontario amid regulatory pressure last year.
Binance, Kraken and Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
The CEO of crypto exchange Binance has revealed that the company is hiring for 2,000 open positions in spite of the recent market downturn.
Binance, Kraken y Polygon aceleran contrataciones en respuesta a despidos masivos en la industria
Coinbase, BlockFi y Crypto.com se encuentran entre las compañías cripto que anunciaron despidos esta semana.
MicroStrategy Now Down $1B on Its Bitcoin Bet
MicroStrategy’s unrealized bitcoin losses now stand at $1 billion following the asset’s fall to $23,000 on Monday.
Bank of England Chief Takes Victory Lap as Crypto Crumbles
Bank of England Governor Andrew Bailey has said that crypto has no intrinsic value following the implosion of crypto lending platform Celsius.
Hop Protocol Airdrops Over 20M Governance Tokens
Layer 2 bridge Hop Protocol has distributed 20.5 million governance tokens to its users as an estimated value of 16 cents per token.
Circle Agrees to Buy Web 3 Infrastructure Platform Cybavo
Circle signed a definitive agreement to acquire digital asset infrastructure platform Taiwan-based Cybavo for an undisclosed amount.
Crypto Payments Firm Merge Raises $9.5M From Coinbase Ventures, Alameda Research and Others
London-based payments company Merge has raised $9.5 million in a seed round, with investment from the likes of Coinbase Ventures and Alameda Research.
Binance Registers Legal Entity in Italy Amid European Move
Cryptocurrency exchange Binance has registered with the financial regulator in Italy.
Twitter Accepts Elon Musk’s $54.20-a-Share Buyout Offer
Upon completion of the transaction, Twitter will become a privately held company.
Polygon Commits $100M to ‘Supernets’ as Layer 1s Stand Up Application-Specific Blockchains
Polygon has announced Supernet chains, pledging to invest $100 million to attract the development of customizable networks.
Seized Silk Road Bitcoin to Clear Ross Ulbricht’s $183M Debt
Silk Road creator Ross Ulbricht will see his $183 million debt to the U.S. government wiped out following the seizure of $3 billion in bitcoin.