Month: March 2023

Bitcoin miner Marathon reports 58% drop in revenue

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Marathon Digital Holdings said that its sales for the fourth quarter of the year came in at $28.4 million, a decrease of 58% compared to the same time a year earlier through their Q4 report amid 2022’s second-half bear market.  This comes after the business decided to postpone the announcement of the results and cancel an earnings call scheduled for the previous month due to accounting irregularities. Marathon Digital Holdings has published its financial and operational results for the fourth quarter and fiscal year 2022. Read the full report here:…

ETP Provider 21Shares to Shut Down 6 Products Due to Low Demand

The six closures have combined assets under management (AUM) of less than $700,000. 21Shares has announced that it will immediately cease offering six of its crypto exchange-traded products.  According to a company spokesperson, the decision follows after the firm’s realization that these particular products are in low demand. Of the six products to be axed, five of them will close with business on the April 6 trading day. Those include the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH), the 21Shares Crypto Layer 1 ETP (LAY1), the 21Shares DeFi 10…

Intern for Gensler? SEC’s college traineeships start at $15 an hour

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College students wishing to intern for the United States Securities and Exchange Commission (SEC) are in luck — the regulator has opened applications for its Scholars Program for Fall 2023. The SEC is after “student trainees” for its business and legal programs, with the business program paying between $15.09 to $28.83 per hour for the traineeship at its Washington D.C. headquarters. The job opportunity announcements for the Fall 2023 SEC Scholars Program are now live! The announcements will close on Monday, April 3rd. The program targets currently enrolled students to…

Moscow City Crypto Exchanges Ready to Send Cash to London, Report – Exchanges Bitcoin News

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An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the clients, Transparency International Russia reveals in a report. Russia-based Cryptocurrency Exchanges Swap Stablecoins for British Cash Russian crypto exchanges that can transfer money abroad without following know-your-customer (KYC) procedures and anti-money laundering (AML) are in the focus of a study conducted by the Russian Chapter of Transparency International. The…

Lightning Labs and Tari agree to convert restraining order in trademark suit

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Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning’s Taro protocol. In a March 15 filing, lawyers for both Lightning and Tari proposed converting the restraining order to a preliminary injunction — a temporary order that prevents a party from undertaking certain actions. The order’s conversion to a preliminary injunction would stop the development of the protocol until a court decision is reached. The two firms agreed that Lightning would still not make…

Euler Finance hacked despite 10 audits in 2 years, says CEO

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Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to it suffering from a $196 million attack. In a series of tweets on March 17 Euler Labs CEO, Michael Bentley described the “hardest days” of his life after Euler’s $196 million flash loan attack on March 13. He retweeted one user sharing information that Euler had 10 audits from 6 different firms, and commented that the platform “has always…

Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group

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Bitcoin is beating Warren Buffett’s ‘crypto bet’ in 2023

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In 2023, Bitcoin (BTC) and Cathie Wood’s Coinbase (COIN) investment are finally outperforming Warren Buffett’s popular “crypto bet” in Brazil’s fintech giant Nubank (NU).  Bitcoin vs. crypto-exposure stocks NU, COIN As of March 17, Bitcoin’s price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has seen the biggest rebound of the three, rising over 100% YTD.  BTC/USD and COIN versus NU yearly performance. Source: TradingView Nevertheless, Buffett’s investment has fared better than COIN over the past 12 months. As of…