Crypto

Crypto lending platform BlockFi filed for Chapter 11 bankruptcy on Monday, just a few weeks after once-major crypto exchange FTX did the same. While BlockFi has been struggling to stay afloat for months now (and was even potentially going to be acquired by FTX), this latest filing signals that the

Solana-centric crypto wallet Phantom is expanding its support to two other blockchains, Ethereum and Polygon, the company exclusively told technewss. By adding support for Ethereum and Polygon, Phantom is expanding users’ access from only Solana to all three of the ecosystems, Brandon Millma

India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the e-rupee in the South Asian market with a closed group of customers and merchants a month after it began evaluating the C

This past year has been hectic for the crypto lending platform BlockFi, and today is no different as the company shared an announcement that it filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey. On November 10 the crypto platform

Despite an uneven year in the crypto markets, many market participants are unperturbed about the long-term health of the sector and say that legal frameworks in 2023 could restore trust in the industry.  “Crypto will recover,” Katherine Dowling, general counsel member at Bitwise Asset Manageme

Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system. The company is starting with BTC reserves. Right now, Binance has a reserve ratio of 101%. It means that the company has enough bitcoins to cover all users' balances. This move comes a co

It's hard to believe that bitcoin and other cryptocurrencies were flirting with all-time highs about a year ago. Today's scenery is less exuberant; bitcoin's price has fallen below $20,000 and maintained its current price range since mid-June. Going forward, crypto participants should a

Hearings that will determine the fate of FTX, once one of the largest crypto exchanges globally, began Tuesday in the U.S. Bankruptcy Court for the District of Delaware. “We are here on an unprecedented matter and I don't say those words lightly,” James Bromley, a partner at Sullivan &

NFT marketplace Magic Eden is integrating with the Ethereum scaling layer-2 blockchain Polygon to dive deeper into the blockchain gaming and NFT ecosystems, the companies announced on Tuesday. “We are excited to integrate with Polygon and continue our pursuit of a multichain

Decentralized identity startups are having a moment as investors seek the next generation of killer applications in web3, even in times of market volatility. Blockchain-based identity systems, they argue, are the portal to user-facing applications in the decentralized land, whether the piece of ide

Genesis, a digital assets financial services firm, may be in hot water as it looks to raise fresh capital for its lending unit or potentially face bankruptcy if it can't, according to a report by Bloomberg. “We have no plans to file bankruptcy imminently,” a Genesis spokesp

At our TC Sessions: Crypto event last week in Miami, I sat down with Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling, Perkins Coie Partner Sarah Shtylman and Paradigm Policy Director Justin Slaughter to talk about the crypto regulation landscape, with a spec

Today at technewss’s crypto-focused event in Miami, OpenSea CEO Devin Finzer discussed his business and the future market for non-fungible tokens. The digital assets, better known by the acronym “NFTs,” saw their stock rise during the 2021-era crypto boom. NFTs became synonymous

At technewss Sessions: Crypto 2022, Chainalysis CPO Pratima Arora, Tezos co-founder Kathleen Breitman and Ledger CEO Pascal Gauthier talked about security in the crypto industry. A good chunk of the discussion was spent talking about the collapse of FTX. “First of all, I don’t think it is