Silvergate gets more bad news as Moody’s slashes its ratings
The beleaguered bank was allegedly moving money between FTX and Alameda; then it sold debt at a discount and sacked employees after a bank run. Go to Source Powered by WPeMatico
Liquidity
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1inch launches Fusion upgrade to improve swap security and profitability
As a decentralized trading and matching system, the 1inch Swap Engine connects DeFi users and provides liquidity for crypto trades through professional market makers. Go to Source Powered by WPeMatico
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has … Read more
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. Go to Source Powered by WPeMatico
Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week. Go to Source Powered by WPeMatico
Australian CBDC receives unexpected interest but could hurt banks: RBA
The pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry. Go to Source Powered by WPeMatico
Crypto lender Genesis has no solution yet for withdrawal halts
Genesis said it will take additional weeks to carve out a recovery path for its lending business. Go to Source Powered by WPeMatico
Security in crypto comes from liquidity or the lessons we learned after FTX
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. Go to Source Powered by WPeMatico
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses. Go to Source Powered by WPeMatico
Silvergate CEO calls out ‘short sellers’ spreading misinformation
In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.” Go to Source Powered by WPeMatico