Steve Ehrlich, CEO of Voyager Digital, Comments on Collapsing Crypto & Stock Markets. When Will the Pain End?

Broken BitcoinJPG

The past few weeks have been tough for investors. Both traditional markets and crypto markets have been battered. Expectations for much higher interest rates, aiming to mitigate crushing inflation, means the pain is here to stay – at least for a while. Regarding stock markets,… Read More

FTX Founder Sam Bankman-Fried Takes 7.6% Stake in Robinhood, Shares Rise After Hours

Robinhood

Sam Bankman-Fried, founder and CEO of FTX, has purchased a 7.62% stake, or 56,273,469 shares in Robinhood (NASDAQ:HOOD). Bankman-Fried paid $648,293,886.33 for the shares. The share were purchased at an average price of $11.52/each. The purchase was revealed in a filing with the Securities and… Read More

“Coin Signals” Crypto Trader Gets 42 Months in the Slammer for Defrauding Investors

Photo by Robert Hickerson on Unsplash Jail Prison Razor Wire Fence

Jeremy Spence, aka Coin Signals, has received a judgment of 42 months in prison for defrauding over 170 investors. According to the US Department of Justice, Spence pled guilty with the sentence being handed down this past week. Charges were originally filed in early 2021… Read More

Terra Halts Validators. Is it the End? [u]

Wheels Fall Of Wreck Clunker Dud Failure Collapse

Terra, the creator of the algorithmic stablecoin TerraUSD (UST) and LUNA, has halted the Terra blockchain. In a Tweet, Terra.Money stated: The Terra blockchain was officially halted at a block height of 7603700. https://lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent… Read More

DLT: EY Announces General Availability of EY Blockchain Analyzer, the Reconciler

Blockchain 3

The EY organization recently announced the production release of the third generation of EY Blockchain Analyzer: Reconciler. This updated version has been “migrated into blockchain.ey.com and is now available for the first time to EY non-audit clients and continues to support the EY Audit teams.”… Read More

Update: Tether Says it Will Honor ALL Redemptions at USD $1 for Verified Customers

US Dollar George Washington Money

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets. In recent days, algorithmic stablecoin TerraUSD (UST) was hit… Read More

Huge. Chainalysis Raises $170 Million at Whopping $8.6 Billion

Chain Hand eyasu etsub unsplash

Chainalysis, a top crypto asset intelligence and data firm, has raised a $170 million Series F at a huge $8.6 billion. Chainalysis’ valuation has doubled in just one year. The funding was led by GIC, Singapore’s sovereign wealth fund with prior investors Accel, Blackstone, Dragoneer,… Read More

CoinDCX Reinforces its Goal to Expand the Web3 Ecosystem in India, with CoinDCX Ventures

web3

CoinDCX, which claims to be one of India’s largest and “most valuable” crypto companies, recently announced the launch of CoinDCX Ventures, which is described as an investment initiative funding early-stage crypto and blockchain startups, “bolstering India’s digital asset ecosystem and accelerating the transformation of India’s… Read More

Circle CEO Pumps USDC: “Flight to Quality”

Digital Money Dollar Jackson

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire (@jerallaire) May… Read More

SPAC: Global Blockchain Acquisition Corp. Trades on NASDAQ in $150M IPO

Blockchain DLT Distributed Ledger Technology

Global Blockchain Acquisition Corp. (NASDAQ: GBBKU), a SPAC formed with the intent to acquire or merge with a company in the blockchain sector, listed its shares on NASDAQ in an IPO of 15,000,000 units at $10.00 per unit. Each unit reportedly “consists of one share… Read More

Send this to a friend