The ARK Fintech Innovation ETF has almost completely sold off Silvergate shares
Cathie Wood’s ARK Fintech Innovation exchange-traded fund sold about 404,000 Silvergate shares on Thursday, reducing the ETF’s holdings by more than 99%, according to Bloomberg data. The fund's remaining holdings are fewer than 4,000 shares worth about $43,000, or just 0.01% of the fund's total portfolio. Yesterday, Silvergate's preliminary results for the fourth quarter showed that the company's total customer deposits fell from $11.9 billion to $3.8 billion, and it was f...
The ARK Fintech Innovation ETF has almost completely sold off Silvergate shares
Cathie Wood’s ARK Fintech Innovation exchange-traded fund sold about 404,000 Silvergate shares on Thursday, reducing the ETF’s holdings by more than 99%, according to Bloomberg data. The fund's remaining holdings are fewer than 4,000 shares worth about $43,000, or just 0.01% of the fund's total portfolio. Yesterday, Silvergate's preliminary results for the fourth quarter showed that the company's total customer deposits fell from $11.9 billion to $3.8 billion, and it was f...
Terra accuses a community member of refusing to return LUNA tokens that were mistakenly airdropped last May
Terra’s official Twitter post today stated that a community member who was entrusted to manage Terra’s community funds refused to return the funds obtained from the entrustment to the community pool. According to Terra, due to an error in the genesis airdrop event when Phoenix-1 was launched in May 2022, the CW3 multi-signature wallets that hold a large number of LUNC and USTC on behalf of the community should have been blacklisted, but the individual signers of these wallets were not. Receiv...
Terra accuses a community member of refusing to return LUNA tokens that were mistakenly airdropped last May
Terra’s official Twitter post today stated that a community member who was entrusted to manage Terra’s community funds refused to return the funds obtained from the entrustment to the community pool. According to Terra, due to an error in the genesis airdrop event when Phoenix-1 was launched in May 2022, the CW3 multi-signature wallets that hold a large number of LUNC and USTC on behalf of the community should have been blacklisted, but the individual signers of these wallets were not. Receiv...
Crypto Lender Vauld Rejects Nexo Acquisition Proposal Due to Solvency Questions
Embattled cryptocurrency lender Vauld and its Committee of Creditors (COC) have rejected a “final” takeover proposal by rival Nexo due to concerns over its financial health and other problems, The Block reported. A Vauld creditor said it wanted a strong solvency guarantee from Nexo to avoid another bankruptcy crisis.
Crypto Lender Vauld Rejects Nexo Acquisition Proposal Due to Solvency Questions
Embattled cryptocurrency lender Vauld and its Committee of Creditors (COC) have rejected a “final” takeover proposal by rival Nexo due to concerns over its financial health and other problems, The Block reported. A Vauld creditor said it wanted a strong solvency guarantee from Nexo to avoid another bankruptcy crisis.
The UK’s National Crime Agency is launching a new unit dedicated to cryptocurrency and digital asset crime
The UK’s National Crime Agency is launching a new unit dedicated to cryptocurrency and digital asset crime. The National Crime Agency's "cryptocurrency team" will initially include five officers dedicated to "active cryptocurrency remittances." As part of the National Cybercrime Unit's "Crypto Squad," investigators "will work to proactively conduct cryptocurrency remittance investigations using the right tools and capabilities to target UK-based subjects," according to a job adverti...
The UK’s National Crime Agency is launching a new unit dedicated to cryptocurrency and digital asset crime
The UK’s National Crime Agency is launching a new unit dedicated to cryptocurrency and digital asset crime. The National Crime Agency's "cryptocurrency team" will initially include five officers dedicated to "active cryptocurrency remittances." As part of the National Cybercrime Unit's "Crypto Squad," investigators "will work to proactively conduct cryptocurrency remittance investigations using the right tools and capabilities to target UK-based subjects," according to a job adverti...
Zodia Custody Appoints Former Bitstamp Exec Julian Sawyer as CEO
Zodia Custody, a London-based cryptocurrency custodian backed by Standard Chartered and Northern Trust, has appointed Julian Sawyer as its chief executive, The Block reports. Sawyer resigned as CEO of cryptocurrency exchange Bitstamp in May 2022. He was also the co-founder of UK fintech startup Starling Bank, where he served as chief operating officer for four years.
Zodia Custody Appoints Former Bitstamp Exec Julian Sawyer as CEO
Zodia Custody, a London-based cryptocurrency custodian backed by Standard Chartered and Northern Trust, has appointed Julian Sawyer as its chief executive, The Block reports. Sawyer resigned as CEO of cryptocurrency exchange Bitstamp in May 2022. He was also the co-founder of UK fintech startup Starling Bank, where he served as chief operating officer for four years.
