Skybridge suspends withdrawals from a crypto-exposed fund
Skybridge has frozen the cash of cryptocurrency investors, while its CEO Anthony Scaramucci claims the suspension is only a temporary step and there is no risk of insolvency. Skybridge Capital has halted withdrawals from its Legion Strategies fund, one of the firm’s funds with crypto exposure. In an interview with CNBC on July 19, the […]
Yuga Labs says ‘Persistent Threat Group’ Targeting Holders of NFT
Yuga Labs warning comes just days after hackers infiltrated the Premint NFT website and stole more than 300 NFTs and $375,000 in Ethereum. Several non-fungible token (NFT) communities may soon be the subject of an “organized attack,” according to Bored Ape Yacht Club (BAYC) developer Yuga Labs. On July 19, the NFT company informed its […]
Ethereum staking service Lido reveals layer-two expansion
Lido Finance has announced plans to extend its ETH staking services over the whole L2 system, as long as certain networks have “demonstrated economic activity.” Lido Finance, a cryptocurrency staking service provider, has announced plans to increase staked Ether (stETH) support throughout the Ethereum Layer 2 network ecosystem. The Lido team announced in a blog […]
Marathon signs new agreements to meet its hash rate goal for 2023
Marathon is planning ahead for the coming year to secure the electricity it needs to provide a larger share of the network’s hash rate. The bitcoin miner Marathon Digital Holdings claims to have secured a contract that will supply electricity to produce 23.3 exahashes per second (EH/s) for the Bitcoin network. The data center operator […]
3AC liquidators request time and access to the headquarters
3AC’s liquidators ask a Singaporean court to postpone an expected flurry of lawsuits until they sort out the company’s intricate financial arrangements. A request for a stay on claims against Three Arrows Capital (3AC), a failing cryptocurrency hedge fund, as well as access to the company’s Singapore offices has been made at the High Court […]