MicroStrategy Books Impairment Charge of $197.6M on Q4 Bitcoin Holdings
The business software company reported its fourth quarter results on Thursday afternoon.
Mastercard’s NFT Leader Quits, Mints His Resignation Letter on the Way Out
Satvik Sethi wrote in a series of tweets that each non-fungible token, available as an open edition for 0.023 ETH (about $38) on Manifold, will support his new ventures as an artist and founder of Web3 social platform joincircle.
Crypto Winter Led to 91% Plunge in VC and Other Investments for January
A CoinDesk analysis shows crypto startups only raised $548 million last month, and FTX’s full impact on industry fundraising likely remains to be seen.
Alleged Mango Markets Exploiter Eisenberg Is Working to Negotiate Bail Following First NY Court Hearing
Avraham Eisenberg faces criminal fraud charges for draining $116 million from Mango Markets.
86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ
Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.
Fund Management Giant State Street Increases Stake in Silvergate to 9.3%
State Street disclosed a 9.3% stake in troubled crypto lender Silvergate Capital (SI) as of Dec. 31, according to a filing Thursday with the Securities and Exchange Commission (SEC).
BNY Mellon Names Caroline Butler CEO of Digital Assets
Custodial banking giant BNY Mellon (BK) has promoted Caroline Butler to CEO of Digital Assets, the lender announced Thursday.
Orion Protocol Loses $3M of Crypto in Trading Pool Exploit
Crypto trading venue Orion Protocol is down $3 million after an apparent exploit drained pools.
Coinbase Shares Soar as Crypto-Related Stocks Continue Post-Fed Rally
Barclays analyst said Coinbase volumes rose 56% in January from the previous month.
Crypto Exchange Bittrex Laying Off More Than 80 People
CEO Richie Lai cited the “new economic environment” as the primary reason for the cuts.