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Silvergate Bank's Collapse Attributed to Crypto-focus and Management Missteps, Autopsy By Fed Reveals
October 3, 2023
The former crypto-friendly Silvergate Bank that collapsed earlier this year, was reportedly led to its doom due to over-reliance on risky crypto deposits coupled with nepotism, resulting in ineffective management. …
Read moreCelsius Network's Revival Plans Include $450M Funding, Aims to Begin Repaying Users by Year-End
October 3, 2023
Celsius Network, a bankrupt cryptocurrency lending firm, is planning its comeback. During the company's bankruptcy proceedings, the legal counsel for Celsius, Christopher S. Koenig, revealed that the relaunch is intended …
Read moreChainalysis and Chia Network Cut Staff Amid Tough Market Conditions
October 3, 2023
The blockchain analytics firm Chainalysis and blockchain platform Chia Network have both laid off a significant portion of their workforce due to challenging market conditions in the cryptocurrency sector. Chainalysis, …
Read moreCrypto News Update: Bitcoin and Solana Soar, Ethereum Struggles Amid Market Resurgence
October 3, 2023
In recent development, crypto investment products have ended a six-week draught with reported net inflows of $21 million. While top cryptocurrencies like Bitcoin captured most of these inflows, emerging coins …
Read moreUnderstanding Fund Tokenization & Real-World Asset Integration on Ethereum
October 3, 2023
Recently, global banking giant UBS has begun a live pilot for tokenizing its Variable Capital Company (VCC) fund on the Ethereum blockchain. This move falls under Project Guardian, an initiative …
Read moreEthereum Futures ETFs Kick Off Trading with Modest Volume
October 2, 2023
An array of nine Ethereum futures exchange-traded funds (ETFs) debuted on the trading floor on October 2. The offerings were furnished by six distinct asset managers: Valkyrie, VanEck, ProShares, Bitwise, …
Read moreKenyan Committee Urges Shutdown of Worldcoin, Citing Espionage Concerns
October 2, 2023
The Kenyan parliamentary committee has recommended a complete shutdown of Worldcoin's operations in the country owing to considerable privacy and statehood concerns. The decision ensued after an investigation revealed ongoing …
Read moreUBS Conducts Tokenization Trials on Ethereum for Real-World Assets
October 2, 2023
Swiss bank UBS has commenced a live pilot for tokenizing its Variable Capital Company (VCC) fund, which forms part of Project Guardian, an initiative spearheaded by Singapore's Monetary Authority. According …
Read moreDecentralized Exchanges Witness a Six-Month Slump; Crypto Losses Escalate in Q3 2023
October 2, 2023
Decentralized exchanges (DEXs) have endured a six-month slump, with volumes dipping to the lowest since January 2021. Trading volumes on these platforms recorded $44.28 billion in September, attributing this trend …
Read moreGrayscale Plans to Convert Ethereum Trust to Spot ETH ETF
October 2, 2023
Grayscale, the largest crypto asset manager, has filed an application with the U.S. SEC to convert its Ethereum Trust into a spot Ethereum ETF. The existing trust, launched back in …
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