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Crypto casino Stake partners with Alfa Romeo F1 Team

The partnership sees Stake become a co-title sponsor for the 2023 F1 season and beyond. The Alfa Romeo F1 Team will take on a new identity as Alfa Romeo F1 Team Stake. Stake co-founder Bijan Tehrani said the crypto casino will use the partnership to bring more people to the digital space. Stake.com, a leading online casino and betting platform,...

Floki Inu price soars on DAO proposal to burn 4.97 trillion FLOKI

Floki Inu will burn 4.97 trillion FLOKI tokens worth over $55 million if the DAO vote passes. The meme coin project is also looking to cut transaction tax from 3% to 0.3% and permanently disable the cross-chain bridge. The price of FLOKI rose 25% early Saturday to hit its highest level since August. Floki Inu (FLOKI) holders are voting on a...

Hackers steal $750K after fake NFT link on Azuki’s Twitter account

The Azuki team managed to reclaim the Twitter account shortly after the attack. Data shows the hacker was able to steal over $750,000 from one wallet, while several others were drained of ETH, USDC and NFTs. The Azuki NFT collection brand has previously been used to lure unsuspecting users via other compromised Twitter accounts. Hackers stole...

DOJ says Bankman-Fried attempted to influence witness

US prosecutors argue that Sam Bankman-Fried tried to influence Ryne Miller, the General Counsel of FTX US. The former FTX CEO allegedly contacted Miller through encrypted instant messaging platform Signal and via email. The prosecution seeks to have SBF banned from using Signal or other apps and not to contact any former employees of FTX and Alameda....

Is Silvergate stock a ‘buy’ after it suspended preferred stock dividend?

Silvergate Capital Corp suspends dividend on its preferred stock. Wedbush Securities analyst reiterates his neutral rating on “SI”. Silvergate stock is currently down over 85% since mid-August. Silvergate Capital Corp ended 5.0% down on Friday after the crypto bank suspended dividend on its preferred stock. Silvergate is trying to preserve...

Moody’s is building a scoring system for stablecoins: report

Moody’s wants to build a scoring system for stablecoins as the market grows amid increased regulatory attention. The system will provide an rating system for the top stablecoins based on quality of their reserve attestations. The leading stablecoins by market cap today are Tether (USDT), USD Coin (USD) and Binance USD (BUSD). Moody’s Corporation,...

Institutional investors are increasingly bullish on Ethereum: report

60% of respondents are convinced Ethereum will a better investment in 2023.  Bitcoin is also seen as one with huge potential, while other coins attracting institutional investors are Polkadot, Cardano and XRP. Speculative interest and exposure to distributed ledger technology are main reasons for increased interest. Ethereum is the second largest...

Crypto bank Silvergate suspends preferred stock dividend

Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse. Silvergate,...

Leading digital wealth platform Yield App acquires Trofi Group

Yield App is a digital wealth platform that offers safe custody of digital assets. The platform allows customers to exchange and earn on their assets at market-leading rates. The acquisition adds structured products to the Yield Apps product suite. Digital wealth management platform Yield App yesterday announced it has acquired Trofi Group,...

Polygon’s Gains Network DEX volume crosses $1.5B as Polygon price reclaims $1

At press time, Polygon (MATIC) was trading at $1.09, up 8.93% in 24 hours. Gains Network DEX was initially released on Polygon before being deployed on Arbitrum. The Gains Network DEX has greatly contributed to the recent rising transactional activity on Polygon. The price of Polygon (MATIC) has been steadily rising in recent weeks and it has...

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