ARK Invest CEO Cathie Wood predicts 2% inflation. Due to diminishing money supply, Wood expects inflation to go below this level and potentially into negative territory. The business recently sold its Grayscale Bitcoin Trust (GBTC) shares and bought 320,000 Coinbase shares for $17.6 million. (Read More)
The Wormhole hack: hacker shifts $155 million
On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022’s third biggest crypto heist. (Read More)
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized. (Read More)
The UK’s Regulatory Policy Committee is Against the FCA
The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is “red,” meaning it’s unsuitable. (Read More)
DCG’s subsidiary Genesis Capital slapped with new class
Genesis Capital, a DCG subsidiary, faces a class action lawsuit. Digital asset lending clients filed the complaint. Genesis violated securities laws by providing unregistered securities. (Read More)
Uniswap v3 Protocol to Be Deploy to BNB Chain
80% of Uniswap users opted for BNB Chain’s third decentralised exchange system. A “temperature check” determined community support. Five to seven weeks are needed to implement smart contracts. (Read More)
Binance Admits to Storing Customer Funds in the same wallet
Binance maintains certain client assets in the same wallet as its collateral for in-house tokens. Binance moved the funds to collateral wallets after the disclosure. B-Tokens are 1:1 collateralized, according to the company. (Read More)
Genesis sues Roger Ver for $20.9 million over unsettled crypto options
Genesis Global has reportedly instituted legal action against Roger Ver, also known as “Bitcoin Jesus,” due to his alleged refusal to settle crypto options transactions that expired on Dec. 30, 2022. GGC International (GGCI), a Genesis Global subsidiary domiciled in…
Visa working on a number of CBDC and stablecoin initiatives – CEO
Visa CEO Alfred Kelly disclosed the company is working on a number of central bank digital currency (CBDC) and stablecoin initiatives, San Francisco Business Times reported. Speaking during Visa’s annual meeting on Jan. 24, Kelly said that the company was looking to expand its role in the crypto industry but added that it will do […]
Lido witnesses surge in staked deposits: Will LDO’s growth be sustainable?
Lido witnessed surge in staked deposits, TVL grew as well. Negative long/short difference suggested potential selling pressure as prices rose. Over the last week, the Lido [LDO] protocol witnessed a surge in the number of staked deposits on its platform. According to a tweet on 24 January, the number of staked deposits on Lido increased, […]