Tuesday, October 4, 2022
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Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured

In July, the lender asserted several “technical events of default,” which led to taking control of Compute North assets. Generate Capital exercised its voting rights to take over Compute North subsidiary that owned the two bitcoin mining sites the two firms were developing. That included the Wolf Hollow site in

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Institutional investors undeterred by crypto winter

Institutional investors are unfazed by the current crypto winter and have maintained their interest in blockchain and digital assets according to megabank State Street.Speaking with Australian news outlet Sydney Morning Herald (SMH) on Sept. 11, Irfan Ahmad, the Asia Pacific digital lead for the bank’s crypto unit State Street Digital

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Crypto winter teaches tough lessons about custody and taking control

The crypto winter has pumped new life into the adage “Not your keys, not your coins,” particularly after the collapse of some high-profile enterprises like the Celsius Network, whose funds were frozen in June. Just last week, Ledger CEO Pascal Gauthier hammered home the point further, warning: “Don’t trust your

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Crypto winter? DeFi, Metaverse, and NFT job market still hot — Recruiters

The ongoing crypto winter has seen budgets and jobs slashed, but the search for top-tier talent hasn’t stopped across several Web3 verticals, according to some crypto recruitment firms.Speaking to Cryptox, Kevin Gibson, founder of crypto recruiting firm Proof of Search said that the majority of staff cuts in the crypto

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