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Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says – Exchanges Bitcoin News

bossJanuary 24, 2023 Exchanges, News

European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the

Polygon-Ethereum ERC-20 Bridge Is the Most Active, Locks $2.18 Billion

bossJanuary 23, 2023 Ethereum News, News

The Ethereum-Polygon ERC-20 bridge is the most active, data on January 23 reveals. Polygon-Ethereum Bridge Dominant As of January 23, there were $2.18 billion of assets locked in the Ethereum-Polygon ERC-20 Bridge, almost twice the value of assets locked between the Ethereum and Arbitrum bridge which, at the time of writing, stood at

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Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News

bossJanuary 20, 2023 Bitcoin News, News

Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate the current environment, according to

Billion Bitcoin Capital Finance Incurs Loss News Silvergate Read More

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings – Bitcoin News

bossJanuary 19, 2023 Exchanges, News

Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches are

Assets Billion Bitcoin Cache cryptoexchange Exchanges FTT FTXs Holdings illiquid Includes Liquid Locked News SOL Read More

Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News

bossJanuary 18, 2023 Exchanges, News

The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a

Billion Bitcoin cryptoexchange Currency Economics Egypts Exchanges Forex Local Market News performing Poured Worlds Worst Read More

FTX Identifies $415 Million Hack amongst Recoverable $5.5 Billion Digital Assets

bossJanuary 18, 2023 Analysis

Embattled crypto exchange FTX fingered a $415 million hack from November as part of assets recovered to pay off creditors.Fallen crypto exchange FTX has identified a $415 million crypto hack as part of the $5.5 billion worth of digital assets for recovery. In a statement, the exchange’s new CEO, John Ray III, said it

Assets Billion Digital FTX Hack Identifies Million Recoverable Read More

Silvergate Crypto Bank’s Net Losses Jump to $1 Billion in Q4 2022

bossJanuary 18, 2023 Analysis

Silvergate Bank noted that they have initiated action to maintain the cash liquidity including the selling of debt securities and wholesale funding.Since the collapse of the crypto exchange FTX, crypto bank Silvergate Capital has come under major fire. As per the latest report, the Silvergate crypto bank has attributed $1

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DeFi Begins Recovery As TVL Exceeds $45 Billion

bossJanuary 17, 2023 Cryptocurrency Market, News

Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. With new innovations and protocols popping up in the DeFi industry, the ecosystem total value locked (TVL) continued to increase until the bear market stepped in. The bear cycle caused a lot of downturns in many sectors

Begins Billion DeFi Exceeds Recovery TVL Read More

Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News

bossJanuary 15, 2023 Bitcoin News, News

The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin Emefiele should be probed for his role

Billion Bitcoin Contravenes Debt Economics Expert Law Management News Nigeria Offices Read More

Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund

bossJanuary 11, 2023 Analysis

Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).The blockchain-agnostic fund will invest in innovative protocols and

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Billion

Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says – Exchanges Bitcoin News

Polygon-Ethereum ERC-20 Bridge Is the Most Active, Locks $2.18 Billion

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings – Bitcoin News

Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News

FTX Identifies $415 Million Hack amongst Recoverable $5.5 Billion Digital Assets

Silvergate Crypto Bank’s Net Losses Jump to $1 Billion in Q4 2022

DeFi Begins Recovery As TVL Exceeds $45 Billion

Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News

Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund

Cryptox News

Crypto’s Trust Deficit: CTO Details Plan to Restore Confidence Trust After ‘Scared Capital’ Retreat

History Says It’s The Most Bullish Month In History

Why Did The Fed Inject Massive $29.4B in Liquidity And What Does it Mean For BTC

France Could Pass ‘Unproductive Wealth’ Tax Targeting Crypto