Digital asset manager Galaxy Digital has reported a $1 billion loss in 2022 after weathering the worst of the crypto bear market. In a new press release related to its Q4 2022 financial results and its preliminary results of Q1 2023, Galaxy Digital CEO Mike Novogratz said the firm faced “unprecedented” headwinds last year, but […]
Martin Gruenberg, chair of the United States Federal Deposit Insurance Corporation, has said the FDIC plans to return roughly $4 billion in deposits connected to Signature Bank’s digital asset banking business by early April. In a March 29 hearing of the U.S. House Financial Services Committee exploring federal regulators’ responses to recent bank failures, Gruenberg […]
Investment in crypto companies, which poured in at record pace during the 2021 bull market, slowed to a near stop as the bear market began and headline-grabbing scandals rocked the industry. However, along with a few feisty venture capital firms, market maker DWF Labs, which has operated in the crypto space since 2016, has stepped […]
Global peer-to-peer Bitcoin platform Paxful announced it will provide almost nine bitcoin worth ~$250,000.00 to its Paxful Earn users who were affected by the Celsius collapse. The funds will be transferred to Paxful wallets this week. Paxful Earn was launched in partnership with Celsius to offer Paxful users a chance to earn yield on their […]
Silvergate Bank announced its voluntary liquidation and said that it would soon be closing as a bank — so why is it still trading on the New York Stock Exchange (NYSE) and worth approximately $2 a share? The reality is, getting delisted from an exchange isn’t a particularly uncommon occurrence. In fact, five companies have […]