cryptocurrencies

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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Here’s why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technologies in 2018, I “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, it seems to have the answer to that question. The …

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Here’s why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technologies in 2018, I “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, it seems to have the answer to that question. The …

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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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We’re Sorry, But We Can’t Return Your Money Right Now: Crypto Market Talk

Cryptos excruciating week has traders bracing for next crisis It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We’re sorry, but we just can’t return your money right now. In between, a nascent technocratic industry …

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