Abdulkarim Abdulwahab
Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate
Circle withdraws its USDC reserve deposits from Silvergate Bank to its other banks. Circle said the decision was due to the ongoing uncertainty at the…
Crypto Hedge Fund DACM Resort to Swiss Banks After Silvergate Fallout
DACM is looking to Swiss banks to bridge the gap created by Silvergate. Previously, the fund manager used Silvergate’s network to move funds to exchanges.…
Crypto Whales Fluctuate Between BUSD and USDC Following SEC Action
Data shows whale holders of BUSD have been in a panic since the SEC lawsuit. A fear indicator chart shows whales fluctuating between USDC and…
UK Bank Restricts Users’ Ability to Buy Crypto, Slashes Daily Limit
Nationwide Building Society sent an email to clients, limiting their access to crypto. The bank previously banned card payments to Binance exchange. Data shows the…
BitKeep Swap Begins Compensating Users from Last Year’s $8M Hack
BitKeep Swap compensates victims of last year's $8 million exploit. At least 6,731 confirmed addresses have been approved for 50% refunds. Last October, BitKeep’s official…
Top 1000 Ethereum Whales Hold $619 Million Worth of Shiba Inu Coin
Data indicates that SHIB is still a favorite investing tool for Ethereum whales. The top 1,000 ETH whales hold an average of over $619M SHIB.…
Bankruptcy Rate of US-based Firms Hit Highest Levels Since 2010
Crypto companies contribute to the increased bankruptcy rate. Digital Currency Group reported a $1.1 billion loss for the 2022 financial year. 97% of Voyager’s customers…
Blur Overtakes OpenSea, Generates $1.3B ETH NFT Trades in February
Blur generated over $1.3 billion worth of Ethereum NFT trades in 30 days. OpenSea saw $371.3M in transaction volume within the same timeframe. BLUR token…
Algorand CTO Says the $9M Hack Was Not a Fault From Their End
Algo CTO said the recent exploit was not from an issue with Algorand protocol or SDK. John Wood promised an explainer video covering how the…
Binance Clarifies Forbes Report and Calls It an Intentional FUD
Binance denied secretly moving $1.8 billion BUSD collateral. Forbes claimed Binance left BUSD holders exposed by removing the collateral. Binance CEO said Forbes ignored deposit…
