FTX-linked Moonstone bank to exit crypto space
Moonstone Bank, is rebranding itself, getting out of crypto and refocusing on its original customer base. The Farmington, Washington-based Moonstone Bank has declared its withdrawal from the speculative cryptocurrency market and any associated “innovation-driven” business strategies. According to a press announcement issued on Jan. 19, it was also returning to its previous name of Farmington […]
Uniswap Labs launches gasless token approvals on DEX
Crypto exchange, Uniswap Labs has rolled out Permit2, a smart contract allowing users to enjoy gasless token approvals. Permit2, a smart contract by Uniswap Labs, enables users to take advantage of gasless token approvals. When Uniswap updates its router, it is claimed that the new release will lessen the financial strain on users caused by […]
Bitcoin soars above the $21,000 region
Last week, we saw extensive bullish momentum in the crypto market. After Bitcoin broke the $19,000 resistance zone, the entire crypto market pumped, which set all alt coins on a bullish trend. Bitcoin gained over 0.08% in its market price this week while other major Altcoins had the same bullish increase in value. However, Bitcoin’s […]
Genesis Trading moves crypto worth millions amid bankruptcy
In the wake of its Chapter 11 bankruptcy protection filing, Genesis Trading has transferred crypto assets including ETH, USDT, and USDC worth millions to other crypto exchanges. PeckShieldAlert, a blockchain security platform, revealed several million in crypto assets moved by Genesis Trading in a tweet on January 20. From its OTC Desk, Genesis Trading sent […]
Genesis Global files for bankruptcy
Following the demise of the cryptocurrency exchange FTX, other businesses in the crypto space have also filed for Chapter 11 bankruptcy protection with the most recent being crypto lender Genesis global. Since the demise of the cryptocurrency exchange FTX, Genesis has seen significant withdrawals and significant liquidity problems. Genesis also has $175 million of its […]