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First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns
6 min read
  • Crypto

First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns

cryptovert December 7, 2022
Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos traded sideways, albeit slightly to...
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Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
2 min read
  • Crypto

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

cryptovert December 7, 2022
Smart contract auditing platform Sherlock predicted a $4 million loss for its stakers, about a third of...
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Exploring Biden’s Executive Order on Crypto, 6 Months In
7 min read
  • Crypto

Exploring Biden’s Executive Order on Crypto, 6 Months In

cryptovert December 7, 2022
You thought we’d talk more about FTX huh, didn’t you? We will, but not this week. CoinDesk...
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Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion
2 min read
  • Crypto

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

cryptovert December 7, 2022
Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling...
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Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes
4 min read
  • Crypto

Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes

cryptovert December 7, 2022
Hedge fund Fir Tree is suing crypto investment firm (and CoinDesk sister company) Grayscale to obtain details...
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Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability
2 min read
  • Crypto

Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability

cryptovert December 6, 2022
The difficulty of mining a bitcoin block fell by 7.32% today, with miners powering off machines as...
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Ether Turns Inflationary as Network Usage Slows
2 min read
  • Crypto

Ether Turns Inflationary as Network Usage Slows

cryptovert December 6, 2022
Ether’s deflationary narrative has ended at least temporarily. Data from ultrasound.money shows ether (ETH)’s net issuance –...
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DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
2 min read
  • Crypto

DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens

cryptovert December 6, 2022
Insurance alternative Nexus Mutual is expecting to take a loss on its investment in a credit pool...
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Built With Bitcoin Foundation Opens New Technology Center in Ghana
2 min read
  • Crypto

Built With Bitcoin Foundation Opens New Technology Center in Ghana

cryptovert December 6, 2022
The Built With Bitcoin Foundation (BWB), a non-profit organization seeking to provide “humanitarian support, powered by Bitcoin,”...
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Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
4 min read
  • Crypto

Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines

cryptovert December 6, 2022
Blockchain-based lending platform Maple Finance severed ties with crypto firm Orthogonal Trading, alleging it was “misrepresenting its...
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