Crypto Protection Firm Coincover Raises $30M
Silicon Valley investment firm Foundation Capital led the funding round.
Read MoreFirst Mover Americas: Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 9 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto
Read MoreBitcoin Exchange LocalBitcoins to Close, Citing Market Conditions
The Finnish exchange is set to close this month as it reacts to the “ongoing very cold crypto winter.”
Read MoreBank of America: Innovation to Expand Decentralized Finance Functionality Over Time
Developer activity and adoption is the key to success, the report said.
Read MoreCryptoQuant: Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs
Transactions are coming from the popularity of the recently-deployed protocol Ordinals, which allows for NFT-like tokens to be stored on-chain.
Read MoreJPMorgan: Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-Of-Stake-Blockchain Average
Ethereum’s staking ratio is around 14% compared with an average of 60% for the other major PoS blockchains.
Read MoreUmami Finance CEO Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded
The move followed on the back of Umami making changes to how its value accrual token worked.
Read MoreStablecoin Issuer Tether Reports $700M Profit for Q4 2022
Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued.
Read MoreDeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol
MakerDAO, the DeFi organization that facilitates the generation of the DAI stablecoin, is releasing Spark Protocol – a lending platform that will rival Aave.
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