Juliet Okeke

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Stats Has written 339 posts about cryptocurrency

Nov 30 2022

Larry Fink: BlackRock Had Invested $24 Million in FTX

CEO of BlackRock Inc. Larry Fink said on Wednesday that the now-defunct FTX crypto exchange seems to have done "misbehaviors," but that the technology behind crypto is important for the future. "We'll have to wait and see how everything goes with FTX," BlackRock CEO said. "I mean, we can make all the decisions right now, […] The post...

Kraken cuts 30% of staff to ‘weather crypto winter’

The cryptocurrency exchange Kraken said it was getting rid of 1,100 jobs or 30% of its staff. Former CEO and co-founder Jesse Powell, who left his job in September, made the announcement. Kraken is the latest cryptocurrency company to lay off a lot of people. In a blog post, co-founder and former CEO of Kraken, […] The post Kraken cuts 30% of staff...

INX Digital Bids to Purchase Voyager Assets

Nov 30 2022 Published at Coinscreed under tags  crypto inx news voyager

The INX Digital Company, Inc. said today that it has sent a non-binding Letter of Intent to buy Voyager Digital Ltd's assets. This comes after Voyager Digital Ltd filed for bankruptcy. INX is one of the companies that are competing to buy Voyager's assets. INX's offer to buy Voyager takes advantage of the fact that […] The post INX...

Brazilian Government Approves Bill Regulating Crypto Transactions

Before the bill can become law, it still needs to be approved by the executive branch. Even though Brazil hasn't made Bitcoin legal money like El Salvador did last year, the South American country did pass a law that makes crypto payments legal everywhere in the country. A federal legislative body in Brazil called the […] The post...

IBM and Maersk Abandon Ship on TradeLens Logistics

Nov 30 2022 Published at Coinscreed under tags  blockchain maersk news tradelens

A business blockchain project that started during a bear market will end in five years. Maersk and IBM will shut down their shipping blockchain, TradeLens, in early 2023. This will end their five-year project to improve global trade by connecting supply chains on a permissioned blockchain. By the beginning of 2023, IBM and Maersk will […] The post...

Genesis Creditors Hire Lawyers to Prevent Bankruptcy

Nov 30 2022 Published at Coinscreed under tags  bankruptcy blockfi genesis global news

Bloomberg News says that Genesis is in talks with its creditors and possible investors. People who know about the situation told Bloomberg News on Wednesday that the creditors of Genesis Global Trading have hired restructuring lawyers to help figure out a way to keep the crypto brokerage from having to file for bankruptcy. People say […] The post...

Arrest Warrant For Terraform Labs Founders Surfaces

Nov 30 2022 Published at Coinscreed under tags  arrest luna news terraform labs

According to several stories in the media, the co-founder of Terraform Labs is being investigated for allegedly breaking the Electronic Financial Transaction Act as well as obtaining unlawful gains. Yonhap, a newswire agency based in South Korea, is claiming that prosecutors are trying to have an arrest warrant issued for Daniel Shin, who is the […] The post...

Nov 29 2022

Israel Proposes New Regulation for Digital Assets Guidelines

Nov 29 2022 Published at Coinscreed under tags  digital assets israel news regulations

The idea comes after the country's recent attempts to use cryptocurrencies in its economy. Monday, Israel Ministry of Finance released a set of suggestions for how to regulate digital assets. This is a step forward for the country's move into the world of cryptocurrencies. The recommendations call for the creation of a new regulatory infrastructure […] The post...

Aave Supporters Approve Of Lending Freeze

Nov 29 2022 Published at Coinscreed under tags  aave ethereum news stablecoins

Members of the Ethereum community voted on Monday to freeze 17 assets in the Ethereum liquidity pool. This is to lower risk in the DeFi protocol before the network is upgraded to v3. Decentralized finance (DeFi) protocol Aave has stopped people from borrowing and lending assets from its Ethereum liquidity pool. This is in response […] The post Aave...

Silvergate Unveils Value of Its BlockFi Digital Asset Deposit Exposure

Nov 29 2022 Published at Coinscreed under tags  blockfi #deposit news silvergate bank

Following the filing of a bankruptcy petition by BlockFi, the share price of the bank fell by 11% on Monday, landing at $25.90. In a press release issued late on Monday, Silvergate Capital (SI) stated that its total digital asset deposit relationship with BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, is less […] The post...

Nov 25 2022

Matrixport Looks to Raise $100M at $1.5B Valuation

Nov 25 2022 Published at Coinscreed under tags  crypto funding matrixport news

Every month, Matrixport trades $5 billion of goods and has $10 billion in assets under management and custody. Jihan Wu is in charge of the company Matrixport, which wants to raise $100 million at a $1.5 billion valuation. At the sky-high valuation, lead investors have already committed $50 million, but the Singapore-based company is still […] The post...

Nov 22 2022

FTX ‘Fall’ Helped Enrich the Ethereum Validators

Nov 22 2022 Published at Coinscreed under tags  ethereum mev news sam bankman-fried

During the crypto chaos at the beginning of this month, they saw a rise in MEV or profits from optimizing the order of transactions. The collapse of FTX this month made running the Ethereum network much more profitable. The crypto industry ran into the almost unbreakable rule that when markets are chaotic, the best place […] The post FTX...

Genesis Bankruptcy Agitation Send Bitcoin to Fresh Low

Nov 22 2022 Published at Coinscreed under tags  bankruptcy bitcoin bitcoin news genesis

According to a report by Bloomberg, the beleaguered cryptocurrency investment bank is holding discussions with possible investors for at least one billion dollars in additional cash. According to Bloomberg, which cites people familiar with the situation as sources of information, Genesis Global Trading has reportedly mentioned bankruptcy as a potential option as it seeks fresh […] The post...

Nov 21 2022

FTX Collapse Affects Coinbase and MicroStrategy Bonds

Nov 21 2022 Published at Coinscreed under tags  coinbase ftx microstrategy news

One investor said that high bond yields are a sign of both sharply higher interest rates and institutional investors' real doubts about how crypto will work in the long run. Bonds issued by Coinbase (COIN), a cryptocurrency exchange, and MicroStrategy (MSTR), a business intelligence company that invests in bitcoin and is also a bitcoin investor, […] The post...

Crypto Project Helium Endorsed By Bill Ackman

Nov 21 2022 Published at Coinscreed under tags  bill ackman crypto helium news

The CEO of Pershing Square Capital Management says that the controversial cryptocurrency project Helium can "build intrinsic value over time." One of TradFi's better-known investors said on Monday that he has changed his mind and now supports crypto, though his choice of the project may be questionable. Bill Ackman said in a series of tweets […] The post...

AAX Shuts Out Derivatives, Hopes For Normal Return

Nov 21 2022 Published at Coinscreed under tags  aax crypto exchange news hackers hong kong

After suffering a cyberattack, the cryptocurrency exchange in Hong Kong is working toward the goal of raising sufficient funds to enable it to resume operations. The Hong Kong cryptocurrency exchange AAX announced in a statement that it would terminate off derivatives positions as part of its efforts to return to normal after a breach. The […] The post...

Deadline for Celsius Customers to File PoC Approved

Nov 21 2022 Published at Coinscreed under tags  news

Customers of the bankrupt crypto lender have until January 3, 2023, to file proofs of claim if they don't agree with how Celsius scheduled their claims as filed. In the ongoing bankruptcy proceedings, a U.S. court agreed to Celsius's request to set a deadline for customers to file proofs of claim. Last week, the U.S. […] The post...

Nov 19 2022

Unchained Capital Cutting Staff, Reshuffling Management

Even though the Unchained capital doesn't deal with FTX, the long bitcoin bear market is hurting parts of the business. About fifteen percent of Unchained Capital employees were let go, and Parker Lewis, the company's head of business development, was elevated to the board of directors. Will Cole, the company's chief product officer, was promoted […] The post...

Sino Global Had Deep Ties to FTX Beyond Equity Investment

Nov 19 2022 Published at Coinscreed under tags  crypto ftx news sino global

Sino is a well-known crypto investment company based in Asia. It holds many of the tokens that lost the most value when Sam Bankman-FTX Fried's crypto empire fell apart. FTX was also a key partner in a large fund that Sino put together with money from outside investors. Sino Global Capital, which is led by […] The post Sino Global Had...

Nov 16 2022

Serum Tokens Price Doubles After Emergency Fork

Nov 16 2022 Published at Coinscreed under tags  blockchain news sam bankman-fried serum

The price of a Serum token went as high as 32 cents, up from a low of 12 cents just two days ago. This happened as members of the decentralized exchange scrambled to implement an emergency fork after the hack of Sam Bankman-FTX Fried's exchange raised security concerns. The serum is a decentralized exchange protocol […] The post Serum Tokens...