After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022.
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Crypto-friendly bank ends loans backed by crypto mining rigs - News
'Categorically false' — Attorney denies bids for Celsius assets were rejected The Celsius Official Committee of Unsecured Creditors hosted a two-hour town hall shortly after the filing of the Celsius examiners’ report.
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Crypto exploit losses in January see nearly 93% year-on-year decline Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.
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Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.
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Founder of $7.5M ‘brazen fraud scheme’ gets 8 years behind bars Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
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Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data.
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Social token platform Rally announces shutdown of sidechain Rally cited a “challenging year” for the crypto industry in its decision to “begin to sunset” the platform’s sidechain after Jan. 31.
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Court permits Core Scientific to borrow $70M to replace existing loan Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11.
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Wormhole wins second ‘temp check’ to become bridge for Uniswap governance Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second.
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Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations.