Thursday, December 8, 2022

Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As...

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Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit pool’s outstanding loans. When Sherlock invested...

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute...

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In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted bitcoin and...

Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion

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Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues”...

US House Investigators Say Rep. Cawthorn Improperly Promoted Crypto Token

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The investigators, noting Cawthorn’s waning time as a member of Congress, said they couldn’t agree on a sanction and suggested the admonishment of the report would be sufficient. The committee...

Texas Bitcoin Miners Are Offered to Cut Electricity Usage to Help the Grid

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The voluntary program to lower power consumption during high demand period, might go live around Jan. 1, 2023. Source link

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

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Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware...

Over $30M Pours Into ApeCoin Staking in First Day

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The native token of the Yuga Labs ecosystem is unavailable to stake in the United States due to regulatory concerns by its parent foundation. Source link

What SEC ICO Precedents Mean for Ripple

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Back in 2012, when Ripple was founded, the term “initial coin offering” did not exist. Neither did enforcement actions against the then-miniscule crypto industry. In fact, the U.S. Securities and...

Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK

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The Chainlink network has enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking is setting the foundation for what the company calls Economics 2.0, its vision...

Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons

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“Crypto trading platforms, combining multiple activities that are normally separated in traditional finance, can lead to concentrations of risk, conflicts of interest, and a misuse of client assets,” the FSB...

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