Coinbase is no longer accepting or initiating payments to or from Silvergate.
https://twitter.com/coinbase/status/1631284093378756611
📍 Follow @Coins for the hottest news in crypto.
https://twitter.com/coinbase/status/1631284093378756611
📍 Follow @Coins for the hottest news in crypto.
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Crypto Has More Appetite To Sue SEC Than Ever Before: Kraken Exec
Coinbase and Kraken are confident tokens listed on their platforms are not securities, regulator leaders from the exchanges said.
Do you think they should go ahead and sue?
https://blockworks.co/news/crypto-has-appetite-to-sue-sec
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Coinbase and Kraken are confident tokens listed on their platforms are not securities, regulator leaders from the exchanges said.
Do you think they should go ahead and sue?
https://blockworks.co/news/crypto-has-appetite-to-sue-sec
📍 Follow @Coins for the hottest news in crypto.
Blockworks
Crypto Industry Has More Appetite To Fight: Kraken Exec
Coinbase and Kraken are confident tokens listed on their platforms are not securities, regulator leaders from the exchanges said.
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TON to Launch First Artist NFT marketplace Playmuse.
We are delighted to announce the launch of Playmuse, an NFT platform for music, film, video, serials, animations, blogs, streams and podcasts on the The Open Network (TON).
Playmuse gives artists the freedom to securely share their NFTs on TON without being endorsed by the established industry brands.
The marketplace is scheduled to launch this month, with more than 100 high-profile artists and brands poised to go live on the platform.
📍 Follow @Coins for the hottest news in crypto.
We are delighted to announce the launch of Playmuse, an NFT platform for music, film, video, serials, animations, blogs, streams and podcasts on the The Open Network (TON).
Playmuse gives artists the freedom to securely share their NFTs on TON without being endorsed by the established industry brands.
The marketplace is scheduled to launch this month, with more than 100 high-profile artists and brands poised to go live on the platform.
📍 Follow @Coins for the hottest news in crypto.
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Bitso, a leading Latin American crypto exchange, launched a debit card in Mexico in partnership with Mastercard.
https://www.coindesk.com/business/2023/03/02/latin-american-crypto-exchange-bitso-and-mastercard-launch-debit-card-in-mexico/
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https://www.coindesk.com/business/2023/03/02/latin-american-crypto-exchange-bitso-and-mastercard-launch-debit-card-in-mexico/
📍 Follow @Coins for the hottest news in crypto.
CoinDesk
Latin American Crypto Exchange Bitso and Mastercard Launch Debit Card in Mexico
Mastercard’s portfolio of crypto partnerships in Latin America also includes Binance, Belo and Buenbit.
FTX confirms $8.9 billion in customer funds are missing.
https://twitter.com/watcherguru/status/1631426157752057858
📍 Follow @Coins for the hottest news in crypto.
https://twitter.com/watcherguru/status/1631426157752057858
📍 Follow @Coins for the hottest news in crypto.
Twitter
JUST IN: FTX confirms $8.9 billion in customer funds are missing.
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Crypto․com suspends USD deposits and withdrawals via Silvergate.
https://watcher.guru/news/crypto%E2%80%A4com-suspends-us-dollar-transfers-via-silvergate
📍 Follow @Coins for the hottest news in crypto.
https://watcher.guru/news/crypto%E2%80%A4com-suspends-us-dollar-transfers-via-silvergate
📍 Follow @Coins for the hottest news in crypto.
Watcher Guru
Crypto․com Suspends US Dollar Transfers via Silvergate
According to the details shared by Crypto.com, the exchange is suspending US dollar transfers via Silvergate.
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A growing number of crypto companies are cutting ties with Silvergate Bank, the embattled industry-friendly bank.
Silvergate once served as a critical fiat-currency portal between crypto services like exchanges and their customers.
But in the past 24 hours, Silvergate — already reeling from losses, job cuts, and a decline in crypto business activity — has seen its fortunes markedly worsen.
Yesterday, Silvergate delayed an annual report to the SEC, triggering a sharp decline in stock prices. Disclosures about being “less than well-capitalized" and a process of “reevaluating its business” set of a market chain of reaction that continued into Thursday.
Now, crypto majors are distancing themselves from the bank. Coinbase said this morning that it would no longer process payments to or from Silvergate.
Here’s Coinbase: "In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate & will be facilitating institutional client cash transactions with our other banking partners.”
Others have jumped to make similar moves. These include Bitstamp, Gemini and Crypto.com. Stablecoin issuer Circle also said it was moving away from its work with Silvergate.
As of 1:25 p.m. EST, Silvergate’s stock price was down more than 50% on the day.
📍 Follow @Coins for the hottest news in crypto.
Silvergate once served as a critical fiat-currency portal between crypto services like exchanges and their customers.
But in the past 24 hours, Silvergate — already reeling from losses, job cuts, and a decline in crypto business activity — has seen its fortunes markedly worsen.
Yesterday, Silvergate delayed an annual report to the SEC, triggering a sharp decline in stock prices. Disclosures about being “less than well-capitalized" and a process of “reevaluating its business” set of a market chain of reaction that continued into Thursday.
Now, crypto majors are distancing themselves from the bank. Coinbase said this morning that it would no longer process payments to or from Silvergate.
Here’s Coinbase: "In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate & will be facilitating institutional client cash transactions with our other banking partners.”
Others have jumped to make similar moves. These include Bitstamp, Gemini and Crypto.com. Stablecoin issuer Circle also said it was moving away from its work with Silvergate.
As of 1:25 p.m. EST, Silvergate’s stock price was down more than 50% on the day.
📍 Follow @Coins for the hottest news in crypto.
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Is the online beauty community ready for DAOs? L’Oréal’s NYX thinks so.
NYX Professional Makeup, a beauty brand owned by the L’Oréal Group, created a decentralized autonomous organization (DAO) for the beauty community earlier this year.
The company sees it as the next step in building a community around its brand.
It’s part of a wider web3 bet for the company, which has also established its own department for web3 technologies.
📍 Follow @Coins for the hottest news in crypto.
NYX Professional Makeup, a beauty brand owned by the L’Oréal Group, created a decentralized autonomous organization (DAO) for the beauty community earlier this year.
The company sees it as the next step in building a community around its brand.
It’s part of a wider web3 bet for the company, which has also established its own department for web3 technologies.
📍 Follow @Coins for the hottest news in crypto.
Binance Convert Adds LQTY, GFT & BNX
https://www.binance.com/en/support/announcement/binance-convert-adds-lqty-gft-bnx-11f6858b3996421096267012a5148508
📍 Follow @Coins for the hottest news in crypto.
https://www.binance.com/en/support/announcement/binance-convert-adds-lqty-gft-bnx-11f6858b3996421096267012a5148508
📍 Follow @Coins for the hottest news in crypto.
Binance
Binance Convert Adds LQTY, GFT & BNX | Binance Support
Fellow Binancians, Binance is excited to announce that LQTY, GFT, and BNX have been added to Binance Convert . Users can now trade LQTY, GFT, and BNX against BTC, USDT and any other tokens supp...
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Coinbase buys crypto asset manager One River.
https://www.bloomberg.com/news/articles/2023-03-03/coinbase-buys-digital-asset-company-one-river-digital-in-move-to-increase-growth
📍 Follow @Coins for the hottest news in crypto.
https://www.bloomberg.com/news/articles/2023-03-03/coinbase-buys-digital-asset-company-one-river-digital-in-move-to-increase-growth
📍 Follow @Coins for the hottest news in crypto.
Bloomberg.com
Coinbase Buys Crypto Asset Manager One River in Bet on Institutional Demand
Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner of the cryptocurrency ecosystem with the purchase of One River Digital Asset Management.
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FED official says additional rate increases are required to cool prices.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Uniswap mobile wallet
A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi.
https://twitter.com/Uniswap/status/1631691330031169537
📍 Follow @Coins for the hottest news in crypto.
A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi.
https://twitter.com/Uniswap/status/1631691330031169537
📍 Follow @Coins for the hottest news in crypto.
X (formerly Twitter)
Uniswap Labs 🦄 (@Uniswap) on X
1/ Introducing the Uniswap mobile wallet 🦄✨
A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi.
Now available as a limited early release - through Apple TestFlight.
A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi.
Now available as a limited early release - through Apple TestFlight.
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Coinbase bought One River Digital Asset Management, which will be newly branded as a Coinbase unit, thus opening up a new line of business for the crypto exchange giant.
Founder Eric Peters will stay on as CEO and chief investment officer. The terms of the deal weren’t disclosed.
The deal is perhaps unsurprising, given Coinbase’s long-standing institutional customer base and the fact that it was an earlier investor in One River.
In statements, Coinbase’s leadership positioned the acquisition deal as a bear-market-building opportunity.
Here’s Greg Tusar, Coinbase’s head of institutional product: “We expect to build — on the other side of this crypto winter — an awesome asset-management business.”
📍 Follow @Coins for the hottest news in crypto.
Founder Eric Peters will stay on as CEO and chief investment officer. The terms of the deal weren’t disclosed.
The deal is perhaps unsurprising, given Coinbase’s long-standing institutional customer base and the fact that it was an earlier investor in One River.
In statements, Coinbase’s leadership positioned the acquisition deal as a bear-market-building opportunity.
Here’s Greg Tusar, Coinbase’s head of institutional product: “We expect to build — on the other side of this crypto winter — an awesome asset-management business.”
📍 Follow @Coins for the hottest news in crypto.
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Bybit has suspended USD deposits via bank transfer due to service outages from partner. USD deposits via Wire Transfer (SWIFT) and Wire Transfer (For US bank) are no longer available. Bybit did not disclose whether the bank partner is Silvergate.
https://announcements.bybit.com/en-US/article/notice-on-suspension-of-usd-payment-with-bank-transfer-blt8fe1124f4dc5c6a1/
📍 Follow @Coins for the hottest news in crypto.
https://announcements.bybit.com/en-US/article/notice-on-suspension-of-usd-payment-with-bank-transfer-blt8fe1124f4dc5c6a1/
📍 Follow @Coins for the hottest news in crypto.
Announcement
Notice on Suspension of USD Payments via Bank Transfer
Bybit has suspended USD deposits via bank transfer due to service outages from our partner.
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Tech Layoffs in 2023:
1. Amazon: 18,000 employees
2. Google: 12,000 employees
3. Microsoft: 10,000 employees
4. Coinbase: 20% of employees
5. Twilio: 17% of employees
6. Zoom: 15% of employees
7. Salesforce: 10% of employees
8. PayPal: 7% of employees
9. Dell: 5% of employees
10. Zillow: 5% of employees
We’ve had a total of 125,000 tech layoffs in the first 2 months of 2023.
📍 Follow @Coins for the hottest news in crypto.
1. Amazon: 18,000 employees
2. Google: 12,000 employees
3. Microsoft: 10,000 employees
4. Coinbase: 20% of employees
5. Twilio: 17% of employees
6. Zoom: 15% of employees
7. Salesforce: 10% of employees
8. PayPal: 7% of employees
9. Dell: 5% of employees
10. Zillow: 5% of employees
We’ve had a total of 125,000 tech layoffs in the first 2 months of 2023.
📍 Follow @Coins for the hottest news in crypto.
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The U.S. Now Has:
1. Record $16.5 trillion in household debt
2. Record $11.9 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Record $986 billion in credit card debt
Total mortgage debt is now more than double the 2006 peak.
Meanwhile, 36% of Americans have more credit card debt than savings with balances rising at the fastest pace since 1999.
This is all while mortgage rates just hit 7.1% and credit card debt rates hit a record 24.9%.
The US is "fighting" inflation with debt.
📍 Follow @Coins for the hottest news in crypto.
1. Record $16.5 trillion in household debt
2. Record $11.9 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Record $986 billion in credit card debt
Total mortgage debt is now more than double the 2006 peak.
Meanwhile, 36% of Americans have more credit card debt than savings with balances rising at the fastest pace since 1999.
This is all while mortgage rates just hit 7.1% and credit card debt rates hit a record 24.9%.
The US is "fighting" inflation with debt.
📍 Follow @Coins for the hottest news in crypto.
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