Galaxy Digital to Provide Crypto Price Data Through Chainlink
- Partnering with Chainlink will allow Galaxy Digital to distribute its crypto pricing data to various blockchains, and help developers build better applications.
- The company noted that its high-quality pricing data will play a valuable role in “unlocking exciting new use cases and driving innovation across the DeFi ecosystem.
September 27, 2022, 2:42 PM
Michael Novogratz, CEO of Galaxy Digital Adam Jeffery/CNBC
Nasdaq to Launch Crypto Custody for Institutional Clients
- Stock market operator Nasdaq has formed a new digital asset division, which will develop and launch a digital asset custody services to institutional clients.
- The move is in line with Nasdaq’s mission to be a service provider in the crypto space, rather than facilitate trading of cryptocurrencies.
September 20, 2022, 6:08 PM
NASDAQ MarketSite location at Times Square, New York, September 9, 2016. andersphoto/Shutterstock
Funds From Ronin Hack Transferred to Bitcoin Network
- SlowMist researchers have found that all tokens stolen in the $625 million Ronin bridge exploit have already been transferred to the Bitcoin network.
- The hacking group, which is believed to be North Korea-sponsored Lazarus Group, used a number of crypto mixing services and privacy tools to hide their identities.
August 22, 2022, 2:02 PM
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Coinbase to Provide Crypto Access to BlackRock’s Institutional Investors
- Users of BlackRock’s institutional investment management platform Aladdin will soon have access to Bitcoin thanks to the new partnership with Coinbase Prime.
- Shortly after the news were announced, Coinbase’s publicly traded shares jumped in price by 31%, forcing NASDAQ to briefly pause COIN trading due to volatility.
August 4, 2022, 5:27 PM
Coinbase CEO Brian Armstrong at Vanity Fair’s New Establishment Summit, October 2019.Vanity Fair
Aug 3, 2022
Riot Blokchain Mined 21% Less BTC in July Due to Texas Heat Wave
- The crypto mining firm said it had voluntarily curtailed its energy consumption to ensure more power was available in Texas during the heat wave in July.
- While it produced 21% less BTC than it could, the company had earned around $9.5 million in power credit and benefits, as well as reduced its power consumption for the month.
Jul 25, 2022
Tesla Recorded $64M Profit From Q2 BTC Sale
- The company’s 10-Q filing with the SEC revealed Tesla had made a $64 million profit from selling its Bitcoin in the second quarter of 2022.
- The electric car manufacturer also reported an impairment loss of $170 million, which was the result from changes to the carrying value of its BTC holdings.
Jul 12, 2022
PicPay to Launch Crypto Exchange and Stablecoin in Brazil
- The exchange, which will reportedly launch within a month, plans to initially support Bitcoin, Ethereum, and Pax Dollar.
- PicPay’s stablecoin pegged to the Brazilian real, called the Brazilian Real Coin (BRC), is expected to launch by the end of the year.
Jun 2, 2022
CFTC Sues Gemini Over 2017 BTC Futures Contract Evaluation
- One of the main points of the complaint is that Gemini provided misleading information on how susceptible to manipulation the BTC futures contract could be.
- The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act.
May 19, 2022
Bitcoin’s Rise in The Central African Republic
- While not the largest countries in the world, CAR and El Salvador’s decision to legalise Bitcoin will surely have an effect on the rest of the world.
- With the rise of Bitcoin, more and more crypto-based platforms will increase their popularity and improve the industry’s potential.
Apr 29, 2022
Goldman Sachs Approves First BTC-Backed Loan
- A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
- The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.