Day: May 12, 2023

Silvergate begins NYSE delisting process as it readies to cut 230 staff

boss

The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange, and 230 of its staff will be let go, Silvergate Capital has disclosed. In a May 11 filing to the United States Securities and Exchange Commission, Silvergate Capital said 230 staff will be “separated” starting May 12. The NYSE also suspended trading in its stock, with delisting to commence “shortly.” A year-to-date chart of Silvergate Capital’s share price shows a nearly 93% price drop since the start of 2023. Source: Google Finance After…

Bitcoin BTC Price Lingers Below $27K as Investors Search for a Catalyst

boss

“Price reaction to macro data hasn’t been as significant in the last few weeks,” Katie Talati, head of research at blockchain asset management firm Arca, told CoinDesk TV. “I think mostly, same as equities, everyone feels like a lot of the macro moves are baked in. A lot of what we’ve seen in the last even 24 hours, though, is much more attributable to things specific to the digital asset space. Original

Big breath as Beacon Chain stops finalizing… and then recovers

boss

An unidentified issue on Ethereum’s Beacon Chain led to a halt in transactions for nearly half an hour on May 11.  Around 8:15pm on Thursday May 11, a number of Ethereum core developers announced that the Beacon Chain was having issues with confirming transactions. New blocks were able to be proposed but an unknown issue was preventing them from being finalized. The beacon chain stopped finalizing about thirty minutes ago. I don’t know why yet, but in general the chain is designed to be resilient against this, transactions will continue…

Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’ – Economics Bitcoin News

boss

A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid asset in the world, is bad for the American people, bad for the dollar, and bad for the U.S. government.” Goldman Sachs Agrees With Treasury Secretary Yellen on US Default Risks Goldman Sachs executive Beth Hammack warned about the risks of…

Former Coinbase Employee Sentenced | Blockchain News

On May 9th, 2023, a federal judge in the United States District Court for the Southern District of New York sentenced Ishan Wahi, a former product manager at Coinbase Global, to 24 months in prison for insider trading. Wahi had used confidential information he obtained during his time working at Coinbase to profit off new listings of tokens, totaling up to $1.5 million. The judge, Loretta Preska, sentenced Wahi to two years in prison and ordered him to surrender by June 21st at 2:00 PM ET to serve his sentence…

Pepe would be ashamed by PEPE investors

Death threats, viral rap videos and a stream of frog-themed insults. That’s the state of my social media profiles after hosting a Twitter Space on May 8 about PEPE, the new token based on the “Pepe” meme. Poignantly hosted during a monumental PEPE price crash, Cryptox set out in the May 8 Twitter Space to understand the token. Why had it surged so quickly? What separates PEPE from the thousands of other memecoins and dozens of other PEPE tokens? And what’s the duration of these token projects? The backlash was…

Binance.US Explores Ways to Decrease CZ’s Dominant Share: The Information

CryptoX – Cryptocurrency Analysis and News Portal Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial…

Binance.US Explores Ways to Decrease CZ’s Dominant Share: The Information

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…