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Join Our Telegram channel to stay up to date on breaking news coverage Moonstone Bank has announced that it will leave the cryptocurrency sector and focus on being a community bank. Moonstone is a bank in Washington that obtained an investment of around $11.5 million from Alameda Research, the sister company of FTX. Moonstone Bank leaves crypto after FTX bankruptcy The bank issued a statement on January 18 saying it would change its strategy because of the recent developments in the digital asset industry. It further noted that the regulatory environment surrounding crypto assets was also changing. The bank is planning to return to its original mission, and one of the steps it has taken to achieve this is rebranding. The bank will be dropping the name Moonstone Bank and will return to using its former name, Farmington State Bank. The name has been popular with the local community for 135 years. The bank has further said that these changes will be effected in the coming weeks...

Following the collapse of FTX, the company has decided to rebrand and exit the crypto space. Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, has announced today that it will be exiting the crypto space and returning to its "original mission" as a community bank.  In a statement released by the bank — now known as Farmington State Bank — on Jan. 19, it cited that the change in strategy comes as a result of “recent events in the crypto assets industry and the changing regulatory environment surrounding crypto asset businesses.”  As part of the bank’s initiative to "return to its roots," it shared that said it will no longer use the name Moonstone Bank and will be rebranding and adopting the well-known Farmington State Bank name, which has been a part of the local community for 135 years. According to the bank, the change is estimated to take effect in the coming weeks...

Animoca Brands CEO Robby Yung believes we will see many great blockchain games released during the first nine months of 2023 as developers begin to deliver after raising funds in 2022. The celebrated union between blockchain and gaming has encountered several hurdles that have left many wondering if the new sector of crypto and gaming will ever live up to its potential.  In the fifth episode of the Hashing It Out podcast, Cointelegraph’s Elisha Owusu Akyaw and Animoca Brands CEO, Robby Yung, discuss how the Blockchain Gaming industry is striving forward regardless of the challenges. Robby Yung believes that there are issues on both sides. Regarding Blockchain developers, Yung argues that the industry has not been able to educate the masses on the benefits of Blockchain technology. According to Yung, people need to understand that owning their digital property is groundbreaking technology. On the flip side, Yung highlights that the gaming industry has a conservative streak, where gamer...

Bloomberg reports that Genesis may be getting ready to declare bankruptcy. The troubled crypto lender has been under the shadow of insolvency for weeks, following the credit crisis that has hit the crypto industry. Genesis was one of the largest lenders in the space, often acting as a third-party for other lending outfits promising yields way above anything available in the traditional financial markets. Bloomberg reports that people familiar with the discussions taking place between Genesis, a unit of the Digital Currency Group, and it creditors suggest that bankruptcy could be declared as soon as this week. DCG is the nearest thing that crypto has to a conglomerate and in other news DCG has suspended its quarterly dividend distribution until further notice. Contagion fears – Will DCG and Genesis survive Genesis creditors include the depositors with the Earn lending product promoted by the Gemini exchange, owned by the WInklevoss twins. The Winklevoss's and Ba...

Inflation has started cooling down gradually in major economies. Last week, the Bureau of Labor Statistics announced that US’s inflation dropped to 6.5% in December. The same marked the sixth straight monthly deceleration since the mid-2022 peak. The UK released its numbers on Wednesday. The British Office for National Statistics revealed that inflation eased to 10.5% in December, down from November’s 10.7%. In fact, the latest number is at a 3-month low. A panel of economists polled by Reuters had forecast that the British CPI would reach 10.5% in December, and evidently, the number is in line with the prediction. The low fuel and clothing prices rubbed off positively and helped in the softening of inflation . Nevertheless, the cost of food and non-alcoholic beverages was 16.8% higher than a year earlier. The same marked the biggest increase since September 1977. British consumer price inflation fell to a three-month low of 10.5% in December, ...

Silvergate Capital Corporation, and its wholly-owned subsidiary Silvergate Bank, released its earnings report for Q4 of 2022. The crypto-focused bank reported a net loss of $1 billion in the fourth quarter of 2022. The report noted that the firm lost $33.16 per common share. Meanwhile, the firm had a net income of $40.6 million, or $1.28 per diluted share. The number of digital asset customers with crypto exposure fell to 1620 as of December 31st, 2022, compared to 1677 on September 30th, 2022. Nonetheless, the number of crypto customers is still higher than that of December 31st, 2021, when it was 1381. Furthermore, the crypto  bank’s exchange network (SEN) processed transfers worth $117.1 billion in Q4 2022. This accounts for a 4% increase, compared to $112.6 billion in the third quarter of 2022. The revenue from crypto customer-related fees for the quarter was $6.6 million, down from the third quarter of 2022’s $7.9 million. The amount has significantly dropped...

Here is our weekly collection of digital asset listing and de listing , trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listing s and/or de listing s? Let us know here . _________________________________________ Bibox Listings:   Susumi Coin (SUSU)   Bitfinex Added Trading Pairs: WBTC/BTC    BitForex Listings:   Lido DAO (LDO) Gala (GALA) Rocket Pool (RPL) Fronk (FRONK) StakeWise (SWISE)   BitMart Listings:   Dash 2 Trade (D2T) Extracto DAO (XBLL) Proof Of Memes (POM) Flare Network (FLR) Dog Boss (DOGBOSS) VRJAM (VRJAM) CCGDS (CCGDS) Tupan (TUPAN) SingularityNET (AGIX) Futswap (FTSWP) Abel Finance (ABEL) Dexo (DEXO) AGE Protocol (AGE)   Bitrue Added Trading Pairs : TOKO/USDT FLR/USDT Removed Trading Pairs : LOCUS/ETH De listing s : PROPEL XMP NYM XDEFI GMM HOTCROSS KINE KNOT KRL LMR LYM MBP MOOV NCT NFTB NVA SON STUD TOWER ...

The wait is finally over as Shiba Inu’s Shibarium Public Beta TestNet is set to be launched soon. The TestNet is reaching completion and as per the latest blog, the Shibarium beta could be released in the next two days. The SHIB team confirmed that the launch is “imminent” with a blog titled “Introduction to Shibarium” . The first line of the blog reads, “Shibarium Beta is about to be launched”. Overall, the SHIB ecosystem is expected to expand with the launch of Shibarium, giving its token wider utility. The TestNet will give users an understanding of how the layer-2 network functions, allowing them a first-hand experience of the system. This will help users to familiarize themselves with the L-2 solution and gives developers an idea of what to build on the network. Also Read Shiba Inu: AI Predicts SHIB Price For January 31, 2023 🍖 Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shiba...

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of missing out,” emphasizing that crypto is a highly speculative, non-compliant asset class. Gary Gensler Expects Most Crypto to Fail SEC Chairman Gary Gensler gave some advice on cryptocurrency investing Wednesday during a Twitter spaces discussion hosted by the U.S. Army. Calling crypto a “highly speculative, volatile asset class,” Gensler stressed that most cryptocurrencies “are not complying with securities laws, but they should be.” Noting that crypto is “the Wild West,” he also questioned the use cases of most tokens. The SEC chief warned: Most of these 10,000 or 15,000 tokens will fail. “That’s because venture capital fails, new startups fail, but also because history tells us that there’s not much room for micro currencies, meani...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto Investing reviewed Calvaria the project that offers investors a significant amount in the form of P2E game and a staking platform. Calvaria’s world is one of a kind because it successfully blends contemporary-style skyscrapers and roads with fantastical characteristics of science fiction. Crypto Investing Calvaria Overview Calvaria is a new gaming environment built on the Ethereum blockchain network. Players compete in a play-to-earn setting and obtain control of in-game resources. Calvaria game is played with cards and players compete against one another in tournaments using cards representing a different character with unique skills. Gaming People are starting to pay attention to the game because of its high fantasy backstory and card designs. Each card in the game could be purchased as a tokenized asset and used to build a deck. Players could then compete against each other in a PVP ecosys...

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens continue to blossom this second week of the new year after regaining remarkable momentum during last year’s festive season. Below we have listed some of the top-selling NFTs this week: 1. Mutant Ape Yacht Club Takes The Top Spot Mutant Ape Yacht Club, an NFT collection from digital assets incubation studio Yuga Labs, has risen nine points after rising from the nine positions last week to the top spot this week in our ten top-selling NFT lists. In the past 24 hours, the Mutant Ape Yacht Club NFT collection has recorded a sales volume of 2,280 ETH. However, the NFT collection has dropped 11% on its market capitalization and floor price to $440 million and $22,598. 2. Mutant Hounds NFT Collection Mutant Hounds is an NFT collection featuring a fixed set of 5,561 monstrous dogs-themed NFTs on the Ethereum blockchain. The NFT collection appeared for the first time, taking the second po...

Genesis has been going through a tough time; recently Cameron Winklevoss accused the organization of defrauding Gemini and its users. The cryptocurrency lender also laid off 30% of its staff on Jan 5. According to the latest reports from the Financial Times, it has been revealed that troubled cryptocurrency broker Genesis owes its creditors more than $3 billion. The recent report is based on the details provided by individuals who are familiar with the matter. The latest revelations have also pushed the parent company, Digital Currency Group , to look into more options for selling assets to raise money. DCG is also planning to sell off some of its venture capital portfolio. This portfolio is worth around $500 million, according to the report. Source: TechStory Scale of Genesis’s debts to creditors revealed DCG ’s venture capital holdings include 200 crypto-related projects. These include exchanges, custodians, and banks spread across at least 35 countries, worth arou...

After a tumultuous year, Bitcoin mining ETFs are back in the leading positions in performance charts for the first month of 2023. With the start of the new year, the crypto market has seen a new bullish resurgence, with Bitcoin (BTC) and other altcoins hitting multi-month highs. Apart from the spot market , the equity exchange-traded fund (ETF) market is also dominated by BTC, wherein Valkyrie’s Bitcoin Miners ETF (WGMI) is the leading equity ETF market and is up by 40% year to date.  The Bitcoin mining ETF is not just leading the traditional equity ETF market but also the leveraged equity ETFs as well, which is considered a rare occurrence. Bloomberg senior ETF analyst Eric Balchunas pointed out that the Valkyrie Bitcoin mining ETF is highly “concentrated,” with investment in only 20 firms, including Agro Blockchain, Bitfarm, and Intel among other notable names. Cast your vote now! The WGMI ETF was listed on Nasdaq in February 2022, but it didn't invest directly in BTC. 80%...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade token is now fully live and trading on multiple CEX’s and Uniswap. Here is the guide on how to claim and trade D2T token on Uniswap. Dash 2 Trade has once again succeeded in finishing their over-funding round earlier than anticipated, and the D2T token is now available for claiming and trading on multiple exchanges. Find the full guide on how to claim and trade the D2T token in the video above, follow his YouTube channel for more potential crypto presale to invest in 2023.  How to Claim D2T Token The over-funding round was successfully completed and has raised a total of $15.4 million, and D2T token are now available for claiming. Investors need to click the ‘claim button’ on the official Dash 2 Trade website. This will then take to the page where you need to connect your wallet so that you can receive your token. Since the D2T token is built on the Ethereum network, you...

The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against NFT Rug Pull Scheme The U.S. Department of Justice (DOJ) announced Thursday that Aurelien Michel has been charged with “defrauding purchasers of ‘Mutant Ape Planet’ NFTs, a type of digital asset, of more than $2.9 million in cryptocurrency.” The defendant is a French national residing in the United Arab Emirates (UAE). He was arrested Wednesday at John F. Kennedy International Airport. The Mutant Ape Planet (MAP) NFTs were marketed and sold with false promises of numerous rewards and benefits, including exclusive opportunities for additional investments, giveaways, mercha...