Companies throughout the digital assets industry distanced themselves from Silvergate Thursday after the crypto-friendly bank delayed the filing of its annual 10-K report with the Securities and Exchange Commission (SEC) In its notice to the SEC filed yesterday, the bank signaled its financial health could be different than previously disclosed, having sustained more losses during its fourth fiscal quarter of…
Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following an announced investigation into its alleged involvement in the FTX collapse. Amid news that crypto exchange Coinbase would no longer accept or initiate payments with Silvergate, companies including stablecoin issuers Paxos and Circle and Mike Novogratz’s Galaxy Digital have announced similar actions…
The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023. In an interview with Cointelegraph’s Turner Wright during the event, NEAR co-founder Illia Polosukhin spoke on how the…
NFT sales volume skyrocketed in February to highs not seen since the onset of crypto winter last spring, according to data from DappRadar. Trading surpassed a whopping $2.04 billion last month, up 117% from $941 million in January. Those figures make February the best month the NFT market has seen since last May when Terra’s implosion cratered the crypto economy…
The chief technology officer of Tether has said his company has no exposure to Silvergate, as companies across the crypto industry line up to distance themselves from the troubled bank. Silvergate is a U.S. bank that caters to the crypto industry, which has historically struggled to obtain banking, but has been rocked by financial woes as of late. The San-Francisco…
The chief technology officer of Tether has said his company has no exposure to Silvergate, as companies across the crypto industry line up to distance themselves from the troubled bank. Silvergate is a U.S. bank that caters to the crypto industry, which has historically struggled to obtain banking, but has been rocked by financial woes as of late. The San-Francisco…
We’re thrilled to announce that Kraken’s OTC Portal is now integrated within Kraken Pro. This integration allows OTC clients to access the features and functionality they know and love from our OTC Desk via a fully automated, self-service UI. Access the OTC Portal by logging in to Pro and selecting “OTC” in the top navigation: Not a Kraken OTC client…
press release PRESS RELEASE. Aurora Cloud is the all-in-one cloud infrastructure solution bridging Web2 and Web3. 03/02/2023 Denver – Web3 infrastructure startup Aurora Labs announced the launch of Aurora Cloud, a platform and suite of products that allows today’s Web2 businesses to capture the value of Web3. Aurora Cloud — Platforms like Amazon AWS and Microsoft Azure unleashed the potential…
On the eve of the Federal Reserve Board’s deadline last week to reconsider Custodia Bank’s application to become a member institution, CEO and founder Caitlin Long told Decrypt she doubted it would be approved. She was right. The Fed denied the application, saying in a short announcement that Custodia’s business plan is “inconsistent with the required factors under the law.“…
Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDC) would still be considered money under the proposed new definition. The 117-page amendment, introduced into the state house of representatives by Republican Mike Stevens, defines “money” as “a…
