Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As...

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Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit pool’s outstanding loans. When...

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute...

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In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted...

Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion

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Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the...

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

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Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless”...

Texas Bitcoin Miners Are Offered to Cut Electricity Usage to Help the Grid

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The move will help the state’s grid operator, Electric Reliability Council of Texas (ERCOT), ease worries that the mining will put extra stress during periods of high system...

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg

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GBTC is selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Fir Tree wants Grayscale to resume redemptions, which...

Ledger Taps iPod Creator Tony Fadell for New Crypto Hardware Wallet

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The Ledger Stax is a stylish device that features an e-ink display that can show transaction details and even NFTs on its exterior. Source link

What SEC ICO Precedents Mean for Ripple

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Back in 2012, when Ripple was founded, the term “initial coin offering” did not exist. Neither did enforcement actions against the then-miniscule crypto industry. In fact, the U.S....

Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK

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The Chainlink network has enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking is setting the foundation for what the company calls Economics 2.0,...

Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons

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“Crypto trading platforms, combining multiple activities that are normally separated in traditional finance, can lead to concentrations of risk, conflicts of interest, and a misuse of client assets,”...

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Binance’s Bitcoin Reserves Are Overcollateralized, Says Audit

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The report was meant to assure customers that their bitcoin (BTC) assets are collateralized, exist on the blockchain and are in Binance’s control....

CFTC Chair Suggests 'Pause' to Overhaul Senate Bill Following FTX Debacle

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Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that while new legislation allowing his agency greater spot market oversight over crypto should...

NFT Investor Animoca Brands to Start $2B Metaverse Fund: Report

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Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in...

Bitcoin, Ethereum, Crypto News and Price Data

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Calculating the number of miners is next to impossible, but from the 10,287 nodes, or computers, running on the day of the Merge,...