Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC
Accredited institutions can borrow USD OR USDC starting at 6% APR, according to the company. Go to Source Powered by WPeMatico
Month: September 2022
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From … Read more
SEC chair Gensler holds tight to his crypto position in preview of Senate testimony
The official will testify before the Senate Committee on Banking on Sept. 15; in a transcript released early, he reiterates the primacy of securities law in crypto regulation. Go to Source Powered by WPeMatico
Apollo DAO to close vaults on Terra Classic
The protocol’s TVL has plunged from around $200 million in September 2021 to less than $125K. Go to Source Powered by WPeMatico
CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case
The Chamber of Digital Commerce has requested to file an amicus brief in the protracted SEC case against Ripple Labs and supports legislating to clear up legal gray area. Go to Source Powered by WPeMatico
‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators
Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming … Read more
Starbucks announces NFT experience: Nifty Newsletter, Sept. 7–13
Sony Music is preparing to venture into NFTs as the firm filed trademark applications for audio and video recordings. Go to Source Powered by WPeMatico
Price analysis 9/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin is struggling to find support in the $20,000 zone, which is negatively impacting investor sentiment and weighing on most altcoin prices. Go to Source Powered by WPeMatico
Only 10 hours to the Ethereum Merge: Here’s what you need to know
The Ethereum blockchain is set to bid farewell to proof-of-work, and welcome proof-of-stake as Mainnet merges with the Beacon Chain. Go to Source Powered by WPeMatico
Volatility expected as $490M in ETH options expire shortly after the Ethereum Merge
The outcome of the Ethereum Merge will be a primary price drive that dictates whether ETH bears profit from this week’s $490 million options expiry. Go to Source Powered by WPeMatico