MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance
The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.
Read MoreBitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing
The miner gained compliance to continue listing on Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.
Read MoreGenesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normalcy Amid Sibling’s Bankruptcy
About $125 million was sent to exchanges in the run-up to Genesis’ lending division filing for Chapter 11, and more was moved the next day.
Read MoreFirst Hearing in Genesis Bankruptcy Case Set for Monday
Genesis’ first hearing in its bankruptcy case is set for January 23.
Read MoreBad Vibes from the Word ‘Crypto’ Have Some Calling for a Rebrand
Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.
Read MoreSEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”
Read MoreWhat’s Next for Genesis Creditors? It Depends on What’s in the Bankruptcy Filing
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed.
Read MoreMoody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move.
Read MoreBitcoin Soars Over $22K to Reach Four-Month High
Bitcoin rose over 5% and reached its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances.
Read MoreBitcoin Miner 1Thash Sent Almost All Its BTC to Binance
On-chain data sourced from CryptoQuant shows that the 5,592 BTC worth some $124 million that was transferred out of the miner’s address in the past three days ended up in
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