Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo’s final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurement talks On Jan. 6, Vauld, a Singapore-based unsettled crypto lender, affirmed the…
Huobi Token soars by more than 3% today: Here is why
Huobi Token is the best performer amongst the top 100 cryptocurrencies by market cap so far today. The Huobi crypto exchange is set to lay off 20% of its workers amidst the crypto winter. The broader crypto market could end the week in the red zone as prices tumble. Huobi to cut 20% of staff […]
Cowen downgrades Coinbase to market perform
Cowen cited the absence of clarity on a possible trading volume recovery after FTX collapsed Cowen also reduced its price target on the shares Coinbase has features that make it one of the safest platforms to trade Financial services and investment firm Cowen, which has locations throughout the US, Europe, and several in Asia, downgraded […]
The CONG Token is set to explode
The Conglomerate Capital, the project that was able to attract investments from notorious capitalists and blockchain backers last year, is launching its token presale event on January 16th with a goal of USD 2.5 million. Based on the founders´ experiences, this amount will be quickly fulfilled. The world is fast changing and becoming more decentralized […]
LDO holders might be in profitable position, thanks to upcoming ETH upgrade
LDO demand may surge thanks to an upcoming Ethereum upgrade. LDO bulls for the win, but short-term momentum is losing steam. Anyone planning to stake Ethereum [ETH] and other cryptocurrencies is probably contemplating going the route of Lido Finance [LDO]. The latter is currently one of the largest staking platforms, and this, by extension, makes […]
Genesis Lays Of 30% Staff, Parent Company DCG Closes Its Wealth Dept
The post Genesis Lays Of 30% Staff, Parent Company DCG Closes Its Wealth Dept appeared first on Coinpedia Fintech News The year 2022 witnessed many companies fall to dust as several firms filed for bankruptcy in the crypto space. Days after FTX and Alameda collapsed, Genesis Global, which acquired $140 million from its parent company, […]
You can now live only on BTC in this Swiss city
If you’ve ever wanted to survive only on Bitcoin, Lugano, Switzerland, is the place to go. The Plan Foundation just announced a new map on […]
UPbit just got upgraded: 7 new Fan Tokens listed!
UPbit, the popular Korean cryptocurrency exchange, recently announced the listing of seven fan tokens. This is the first time the platform has added fan tokens since 2020. Covering 80% of the Korean crypto market share, UPbit has listed these tokens on the platform – $AFC, $ACM, $BAR, $ATM, $NAP, $CITY, and $INTER. Given the sheer […]
Silvergate plunges after crypto meltdown triggered deposit run
Silvergate held deposits for FTX units and Alameda Research Silvergate appears to be most at risk from what happened to FTX Shares plunged by more than 40% Shares of crypto bank Silvergate Capital Corp. have plummeted. The company says the crypto industry’s breakdown caused a run on deposits, prompting it to fire 40% […]
Genesis Announces 30% Layoffs Amid Sluggish Market Conditions
The company needs more time to find an appropriate solution to the current problems. Several businesses had financial difficulties, and some even declared bankruptcy. A representative for Genesis Global Trading has confirmed that layoffs occurred on Thursday. Genesis Interim CEO Derar Islim made a public statement before the layoffs were announced. Islim recently said that […]