Coinbase Will Close its Borrow Program for Retail Users in October
On November 20, 2023, Coinbase will officially shutter their Borrow program for retail customers, thereby ending their ability to take out cash loans using Bitcoin as collateral.
FTX Founder Bankman-Fried Might Be Paying His Defense with Company Funds
FTX’s caretaker leadership have filed a lawsuit in bankruptcy court against Sam Bankman-Fried alleging illegal loan from FTX to Bankman-Fried’s father to fund Sam Bankman-Fried’s criminal defense.
Tesla Kept $184M in Bitcoin in Q2 2023
Tesla’s BTC position has remained unchanged for the fourth quarter in a row.
Nasdaq Stops Crypto Custody Initiative
Nasdaq CEO Adena Friedman announced on Wednesday in an earnings call that Nasdaq has decided to halt their launch of a US digital assets custodian business.
Crypto Exchange BitMEX Expands Association with AC Milan
BitMEX is expanding its relationship with Italian soccer giant AC Milan, moving from being its sleeve sponsor to a premium partner as well as its official cryptocurrency trading partner.
Polygon Launches New Protocol Management Model
The roadmap for Polygon 2.0 calls for the creation of a so-called “ecosystem council” formed from Layer 2 Ethereum networks, helping to further decentralize control.
TeraWulf Will Buy New Bitmain Miners
Crypto mining company TeraWulf announced that it will boost its self-mining hashrate by 58% through the purchase of 18,500 Antminer S19j XP mining machines.
