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Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda dealings, has announced a $1 billion net loss attributable to common shareholders in the fourth quarter of 2022. In a report published by the United States Securities and Exchange Commission (SEC), the digital asset bank highlighted that it
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Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX
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The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals.According to a report published by the Wall Street Journal, the bank liquidated debt that it was
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The bear market has resulted in multiple losses for individuals and even large entities, and according to recent data shared by crypto analytics site, Dune analytics, the majority of all ETH stakers are in the loss while fewer stakers remain in the money. The reason behind the result of more losses
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Optimism (OP) has opened the year on an optimistic note as it enjoys a bull run. On the flip side, it has suffered sluggishness in terms of total value locked (TVL). Here’s a quick snapshot of Optimism: OP price spikes by 5.76% OP down in terms of TVL; now only
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Despite 2022 being the worst year for crypto attacks, December’s spate came in at the lowest, rendering it the least harmful month last year.According to a Coindesk report, December had the least number of crypto attacks for 2022. However, the report, citing blockchain audit firm CertiK, noted that scams and hacks
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Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price: Where's the volatility?Data from Cryptox Markets Pro and TradingView showed BTC/USD clinging to a familiar area around $16,500.The pair continued to disappoint
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According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold
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BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence.BTC.com, one of the largest crypto mining pools, suffered a major cyberattack which resulted in a significant loss of customer funds. Parent firm BIT Mining Limited made the announcement on Monday,
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Bitcoin (BTC) is beating records this Christmas as sub-$17,000 price action sparks unrivaled pain for hodlers.Data from on-chain analytics firm Glassnode shows that both short-term and long-term investors are sitting on more losses than ever before.New or old, Bitcoin hodlers nurse serious lossesSince the FTX meltdown sent crypto markets tumbling,
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