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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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First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?
6 min read
  • Crypto

First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?

cryptovert December 5, 2022
Good morning. Here’s what’s happening: Prices: Bitcoin clung to its most recent perch comfortably above $17K, as...
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Genesis Creditor Groups’ Loans Amount to $1.8B and Counting: Sources
2 min read
  • Crypto

Genesis Creditor Groups’ Loans Amount to $1.8B and Counting: Sources

cryptovert December 5, 2022
Customers whose money is locked up on trading and lending platform Genesis and who have taken legal...
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A European Central Bank Blog Decries the End of Bitcoin, and We Aren’t Buying It
5 min read
  • Crypto

A European Central Bank Blog Decries the End of Bitcoin, and We Aren’t Buying It

cryptovert December 5, 2022
As a Greek-American, I’ve been paying attention to the European Central Bank (ECB) for too long. Imagine...
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