25 important stats about the DeFi industry from 2022

On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than other blockchain sectors, last year. On the other hand, you can’t have GameFi without DeFi, and NFT marketplaces […]

Prime Trust, Custodian for Bitcoin and Cryptocurrencies, to Cease Operations in Texas at End of January

According to Prime Trust’s notice, users who try to open a new account from Texas will receive an error message, and further contributions to accounts in the state are blocked. Disbursements are not blocked, and the company says it will work with customers to close down accounts. Read full article on Coin Desk The post […]

BlockFi permitted to pay $10M in employees bonuses despite chapter

Bankrupt crypto lending agency BlockFi has been granted courtroom permission to pay almost $10 million in employees bonuses, based on a submitting dated Jan. 27. The submitting doesn’t use the phrase “bonus” itself. As an alternative, it refers to an worker retention program and describes extra funds on prime of base salaries. This system will […]

Crypto Whales Transfer Over $317,000,000 in Bitcoin, Ethereum, XRP and Polygon – Right here’s The place It’s Headed

Deep-pocketed crypto traders are instantly transferring a whole lot of million price of crypto property, together with the highest two main digital property by market cap, Bitcoin (BTC) and Ethereum (ETH). New information from the whale-watching platform Whale Alert finds that crypto whales have moved $317 million price of BTC, ETH, Polygon (MATIC), and XRP […]

DOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban

“[Miller] participated in Signal and Slack communications with the defendant and a small group of company insiders during the relevant events of November 2022,” prosecutors said. “In those messages, among other things, [Bankman-Fried] gave instructions for liquidating Alameda’s investments to satisfy FTX customer withdrawals, and indicated that he transferred approximately $45 million dollars of Alamedas […]

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto

A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to go through all the crypto tokens that are allegedly securities. SEC’s Commissioner on Crypto […]

Anthony Darvall Leaves easyMarkets after 15 Years, Launches Startup

Anthony Darvall, the Head of FX Seller for the Asia Pacific (APAC) area at easyMarkets, has departed the foreign currency trading firm after virtually 15 years of service to launch an online 3.0 fintech Fintech Monetary Know-how (fintech) is outlined as ay expertise that’s geared in direction of automating and enhancing the supply and software […]

New York introduces bill to legalize crypto payments for state purposes

Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment. If the bill in question — New York Assembly Bill 2532 — enters law, it will allow cryptocurrencies to be accepted as payment in certain circumstances. The bill does […]

NFT Collection Azuki’s Twitter Account Hacked, Leading Followers to Malicious Link

The popular anime-inspired profile-picture (PFP) collection recently introduced The Garden as a meeting platform for holders of its NFTs. According to data from secondary marketplace OpenSea, Azuki’s current floor price is 14.76 ether (ETH), or about $23,600, and the project has done 274,510 ETH, or about $4.4 million, in total sales since its January 2022 […]

Does the Crypto Market Have The Energy To Break To The Upside? QCP Capital Weighs In

The circumstances of the cryptocurrency market have modified drastically; in accordance with an evaluation by QCP Capital, the choices market in its present state makes the crypto trade appear to be a serious disaster, such because the shutdown of crypto change FTX after submitting for chapter, by no means occurred. Buying and selling desk QCP […]