Crypto Bank Anchorage Digital Cuts 20% of Staff Citing Market Backdrop
Anchorage mentioned an evolving landscape facing the crypto industry, which includes regulatory uncertainty in the U.S., broad macroeconomic challenges, and crypto market volatility.
Digital Asset Funds Experience Biggest Weekly Outflows on Record
Digital asset investment products experienced outflows of $255 million last week, the largest dollar-figure outflows on record, according to asset manager CoinShares.
Crypto Funding Shifts From CeFi to DeFi After Major Collapses
Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022 — up 190% from 2021 — while investments into centralized finance projects went the other way — falling 73% to $4.3 billion in the same timeframe. The staggering rise in DeFi funding came despite overall crypto funding figures falling from $31.92 billion in 2021 to $18.25 billion in 2022.
Innovation in Central Bank Digital Currencies
The financial ecosystem is ripe for change and innovation, with digital assets presenting a whole new world of transactions conducted between governments, institutions, and individuals on a daily basis. As such, CBDCs can help facilitate innovation through public and private sector initiatives to help encourage more widespread development and interest.
$17M Digital Asset Outflow Recorded Amid US Regulatory Concerns: CoinShares
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated,
Coinbase Announces Acquisition of One River Digital Asset Management
United States-based cryptocurrency exchange Coinbase has acquired cryptocurrency-focused hedge fund One River Digital Asset Management, or ORDAM.
Digital Asset Investment Products’ AUM in February Reaches Highest Level Since May 2022
Digital asset investment products’ assets under management (AUM) last month reached their highest level since May 2022, according to a report by data provider CryptoCompare, released Wednesday.
Token Offering of Asset Management Platform Factor Raises Roughly $7.6M
Factor, an on-chain asset management platform based on Arbitrum, raised roughly $7.6 million from over 4,000 unique wallets in its token offering that started Feb. 20 and ended Friday.
Altcoins, Explained
The term altcoin comes from “alternative coins,” meaning any cryptocurrency other than bitcoin.
Wyoming Lawmakers Pass Bill To Prevent Forced Disclosure of Private Keys
Wyoming lawmakers have passed legislation that, with one minor exception, prohibits state courts from ordering people to reveal their digital asset private keys.
