Bankrupt crypto firm Alameda Research is reportedly responsible for minting roughly $40 billion of Tether’s USDT, according to Coinbase director Conor Grogan. Per Grogan’s analysis, the troubled cryptocurrency trading company appears to be...
A recent Protos report reveals a series of business relationships between San Diego-based Axos Bank and a string of characters who have found themselves subject to regulatory or prosecutorial ire. Axos Bank—the direct bank affiliate of Axos...
There seems to be a thorny problem among long-time cryptocurrency holders. One of the most critical parts of the Web3 infrastructure has been affected. MetaMask. Over 5,000 Ethereum (ETH), worth about $10.5 million, has been stolen from veteran...
Is this what it means to spread to the general public? Elon Musk has replaced Twitter’s familiar blue bird logo with Dogecoin’s Shiba Inu. Expectations for popularization Dogecoin has risen about 40% and held steady. There seems to be growing hope...
Financial industry media American Banker reported in January that two crypto-friendly banks, Silvergate and Signature, have borrowed heavily from the Federal Home Loan Bank (FHLB). . FHLB is a government-supported institution that supports banks...
Silvergate Capital (SI), a bank focused on crypto assets, lost more than 50% of its stock price on March 2 due to doubts about its business continuity due to losses after the FTX bankruptcy in November last year and various regulatory issues. The...
Cardano founder Charles Hoskinson responded to criticism over his proposed acquisition of CoinDesk by saying “[this] epitomizes the fundamental problem of journalism.” Specifically, he was referring to an op-ed from crypto media outlet Protos,...
On January 18, the U.S. Department of Justice announced that it would hold a press conference on crypto assets (virtual currencies), causing a panic among industry insiders. Many people were apprehensive. Bitcoin (BTC) and Ethereum (ETH) are down...
UK’s advertising watchdog recently noted that two promotions of Arsenal’s fan tokens ($AFC) broke its code, as per a report by BBC. The development comes after seven crypto ads were banned by UK’s Advertising Standards Authority (ASA) recently. ASA...
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