Bitcoin

Coinbase seeks Europe licenses in bid to expand growth outside US

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to …

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Three Arrows Capital (3AC) faces deadline to repay loans or default

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Three Arrows Capital, a crypto-focused hedge …

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Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to …

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Blockchains Vulnerable to Centralized Control, DARPA Finds

photo: Dan Kitwood (Getty Images) Researchers at the gonzo Pentagon research agency responsible for introducing the world to stealth bombers, insect-sized surveillance dronesand the internet itself have some reservations about the blockchain technology underpinning Web3. A newly released report commissioned by the Defense Advanced Research Project (DARPA) titled “Are Blockchains Decentralized?” found key vulnerabilities potentially …

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Crypto investors’ hot streak ends as harsh ‘winter’ descends

NEW YORK (AP) — The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry leaders are referring to as a “crypto winter.” It’s a dizzying …

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What is staked ether (stETH) and why is it causing havoc in crypto?

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for …

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Crypto company FTX Exchange acquires Bitvo, plans to officially launch in Canada

Sam Bankman-Fried speaks at the Crypto Bahamas conference in Nassau on April 27.Erika P. Rodriguez/The New York Times News Service Bahamas-based FTX Exchange, one of the world’s largest cryptocurrency companies, plans to officially launch its business in Canada by acquiring Bitvo Inc., a Calgary-based cryptoexchange that is regulated by all 13 provincial and territorial securities …

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Crypto lender Celsius pauses withdrawals; bitcoin slide

Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Celsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market. Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion slow …

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Bitcoin (BTC) falls as market focuses on Celsius issue, Fed rate hike

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market. nur photo | nur photo | Getty Images Bitcoin tumbled below $24,000 on Monday, hitting its lowest level since December 2020, as investors dump …

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