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” Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis “ The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing liquidity problems amid the bear market. However, Bitvavo announced to prefund…
“Elon Musk’s team seeks new investors for Twitter: report” The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at…
” MetaMask to allow users to purchase and transfer Ethereum via PayPal “ Digital payments platform PayPal has teamed up with MetaMask parent company ConsenSys to allow MetaMask users to purchase and transfer Ether (ETH) via PayPal’s platform. According to the Dec. 14 announcement, the service will initially be rolled out only to select PayPal users within…
“Goldman Sachs set to slash bonuses for investment bankers by 40%” Goldman Sachs may slash the bonuses of its roughly 3,000 investment bankers by 40% as the Wall Street giant grapples with an economic downturn that has affected the entire financial sector, according to a published report. The massive chop would be considerably higher than…
“Fighting back against the thuggish ‘ESG’ woke agenda” There’s no such thing as blue money or red money. Only the green stuff will pay bills. On Friday, North Carolina Treasurer Dale Folwell became the latest of officials from nearly half the states across the country — including Florida, Texas, Kentucky, Missouri, Arizona and West Virginia…
” Algorand to support bank and insurance guarantees platform in Italy “ Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algorand-supported platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement,…
” Crypto community members discuss Bank-run on Binance “ Within the past 24 hours, the Binance cryptocurrency exchange has seen outflows of over $1.14B due to rising fear, uncertainty and doubt (FUD) within the crypto ecosystem. According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before and believes “it is a good…
” Markets Pro delivers up to 1,123% ROI with quant-style crypto analysis for investors “ Since Cointelegraph Markets Pro launched — bringing professional crypto market intelligence to every investor — the platform has helped thousands of subscribers to better understand the opportunities and threats inherent in the world of crypto investing and trading. In this…
” What is VeChain (VET) and how does it work? “ The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications, it can be difficult and expensive for enterprises to…
” FTT investors’ claims to be investigated for securities laws violations “ To help out the recently duped investors of FTX Tokens (FTT), shareholder rights litigation firm — Schall Law Firm — has taken up the task of investigating the investors’ claims against FTX for violations of the securities laws. It is estimated that over…