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” Silvergate suspends dividends to preserve ‘highly liquid balance sheet’ “ California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.” In a Jan. 27 announcement, the firm stated that it is halting “the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order…
” New Ripple president says her job is to continue to scale amid crypto winter “ Monica Long has been named the new president of Ripple, moving up from general manager. Long joined the company in 2013 as director of communications and expanded her role last year from general manager of RippleX, the blockchain development…
” Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty) “ Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400…
” Solana DeFi project Friktion shuts down its user platform “ Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. The project’s website will no longer deliver the same services, operating in a withdrawal-only mode…
” Fed denies Custodia Bank application to join the Federal Reserve System “ The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia…
“8 Best QR Code Generators For Small Businesses” The prominence of QR Code usage for small businesses has changed 360 degrees in this post-COVID era. From marketing purposes and product placement to event promotion, they are everywhere. These Codes have become a great way to increase brand awareness and share information quickly. Considering the versatility…
” US securities regulator probes Wall Street over crypto custody: Report “ The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications. A Jan. 26 Reuters report citing “three sources with knowledge of the inquiry”…
” Argo Blockchain accused of misleading investors in class action lawsuit “ Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021. A newly filed lawsuit on Jan. 26 is aimed at Argo…
” Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court “ Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement…
” ‘LEAKED BIDS’ — Binance, Galaxy Digital among secret bidders for Celsius assets “ At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong. Fong, a follower of Celsius developments who shot to fame after…