Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the loans challenging to repay and posing significant risks to lenders. While no ASIC-based borrowers have […]
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates is made possible by its effective risk management strategies, decreasing market competition and changing macroeconomic […]
Austrian exchange Bitpanda cuts almost a third of its workforce as it battens down the hatches for an unpredictable crypto winter. The company, which boasts investments from Alan Howard and Peter Thiel’s Valar Ventures, said […]
What do you do when you head the public company from outside the financial world with the biggest exposure to bitcoin, and you have just seen nearly $5bn of your notional profits evaporate? If you […]
The deflating bubble in digital assets has exposed a fragile system of credit and leverage in crypto akin to the credit crisis that enveloped the traditional finance sector in 2008. Since its inception, crypto enthusiasts […]
Solana Mobile has just released an Android phone that lets potentially billions of users get connected on Web3. Solana Mobile is a subsidiary of Solana Labs, a creator of open-source software, and a contributor to […]
Cristiano Ronaldo, one of football’s biggest stars, has inked a sponsorship deal with crypto exchange Binance, becoming the latest celebrity to strike a lucrative partnership with a digital asset firm despite the crisis gripping the […]
Earlier this year, an Irish company that organises an annual tech conference in Toronto called Collision decided to celebrate cryptocurrency’s “day in the sun”, as the blurb said, by inviting its luminaries to speak. Oops. […]
The Sydney-based Bitcoin miner Iris Energy, with sites in British Columbia, Canada, is deploying additional capital to improve its contribution to the global bitcoin hash rate. The mining company is investing in new equipment to […]
Singapore will be “brutal and unrelentingly hard” on bad behaviour in the crypto industry, according to its fintech policy chief, marking a stark shift in rhetoric after years of the city-state courting the sector. Sopnendu […]
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