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.
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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.
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.
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.
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.
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.
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.”
Bybit announces second round of layoffs in 2022 to survive bear market
Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce.
Market maker Keyrock closes $72 million in Series B funding round
Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures.
Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government…
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