Crypto hedge fund DACM searches for new banking partners
After fintech bank Silvergate lost five cryptocurrency partners on March second, crypto hedge fund Digital Asset Capital Management (DACM is searching for new banking partners in Switzerland. Most well-known cryptocurrency companies, including Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital, used Silvergate as their banking partner. An alternative banking partner has now become necessary for a […]
BUSD market cap falls below $10B
For the first time in almost two years, Binance’s USD (BUSD) market cap has dropped below $10 billion from its all-time high of $23.49 billion, set on Nov. 15, 2022. Binance Due to a scheduled delisting from a major cryptocurrency exchange and a legal crackdown on its token issuer in the United States, USD’s market […]
Celsius resumes withdrawals for Custody customers
Approximately 263 days after the lender froze withdrawals in the run-up to its bankruptcy filing, some Celsius custody customers have reportedly been able to withdraw money from the cryptocurrency company. As of March 2, some customers who had money in Celsius’ Custody accounts have reportedly been thrilled to finally be able to get their money […]
Storj introduces perpetual storage, community satellite
Decentralized storage network Storj has created a new scalable option among these platforms called Storj NEXT, which promises more scalable decentralized solutions For both Web2 and Web3 businesses. The most recent upgrade adds a new economic model that enables wider engagement in the Storj ecosystem with a focus on community building. Storj is a distributed […]
Aggrieved investor files lawsuit against BlockFi execs, Gemini
A class-action lawsuit was launched against BlockFi’s executives, two directors, and cryptocurrency exchange Gemini by an investor with approximately $2 million in frozen funds in the insolvent cryptocurrency lender. Investor Trey Greene accused the defendants of numerous wrongdoings, including violating the consumer fraud and exchange acts, breaching its fiduciary duties, and offering and selling unregistered […]