Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS
An Ohio family now has not one but two felons facing potentially lengthy prison sentences for crypto-related crimes.
Read MoreThe Niche Application of Stablecoins Is Not a Bad Thing
By definition, stablecoins are tethered to the real economy. But whatever links they have should be minimized, until their applications are fully proven, says Dan Kuhn.
Read MoreFTX’s US Leadership, Bahamas Liquidators Say They’ve ‘Resolved’ Most of Their Issues
FTX’s U.S. leadership and the company’s Bahamas wing’s court-appointed liquidators have formed a cooperation agreement addressing how assets may be inventoried and disposed of, among other issues, a press release
Read MoreBitcoin Retakes $17K as Interest Rates Plunge Following Economic Reports
Friday morning’s reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening.
Read MoreBitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
Silvergate today announced it was cutting down 40% of staff, amid major outflows from its platform.
Read MoreCrypto Lender Genesis Lays Off 30% More of Its Staff
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.
Read MoreCME Crypto Trading Volume Slumped to 2-Year Low in December
Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines.
Read MoreMicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate’s Woes
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition.
Read MoreDeclining Demand for Binance’s BUSD Represents New Chapter in Stablecoin Wars
The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.
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