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” Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO “ The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country’s regulators. Armstrong made the comments in a Feb. 9…
” Hut 8 merger would’ve happened even without FTX or crypto turmoil, says CEO “ Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton. On Feb. 8, Leverton said that…
” Payments provider Affirm to sunset crypto program after 19% staff cut “ Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment. The CEO released a letter to shareholders on Feb. 8 alongside a 19%…
” Proposed Israeli law to classify crypto as securities will ‘kill the industry’ “ Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider. Cointelegraph Magazine editor, Andrew Fenton, spoke with Ilan Sterk, the CEO…
” Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake “ Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed it got board approval to buy back the…
” Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report “ Deutsche Bank’s asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter. Per a Bloomberg report on Feb. 8, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in…
” Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO “ As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should…
” What creditors can expect from Genesis’ bankruptcy — and what others can learn “ The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi…
” Cloud mining firm BitFuFu postpones merger with SPAC until May “ Cloud mining firm Bitfufu, one of Bitmain’s crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7. The company announced its plans to go public in January…
” Hermès wins case against Mason Rothschild’s Metabirkins “ On Feb 8, a jury trial in the Southern District of New York reached a verdict in Hermès’ lawsuit against MetaBirkins. The court ruled that artist Mason Rothschild had violated the trademark protections of the brand Hermès. Rothschild’s 100 “Metabirkins” NFTs were found to not be…