The Weekend Shift: Tether, Silvergate, and more
The most interesting reads, podcasts, charts, and opinions from the internet this weekend — curated for you by the Protos newsroom.
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NFT upstart Blur outstrips OpenSea in creator royalty payments
The surge in royalty payments follows a new policy issued by Blur that states creators are to delist their NFTs from OpenSea.
— Crypto, Justin Sun
Justin Sun’s stablecoin TUSD curiously grows amid market meltdown
Sun's TUSD has seen its market cap go from $750M to nearly $1.2B despite it not being able to get regular attestations from its auditor.
Will crypto-friendly bank Silvergate file for bankruptcy this weekend?
Publicly traded Silvergate might file for bankruptcy soon. Major customers are terminating their accounts and withdrawing billions.
Aussies lose $600M through ‘DIY’ crypto pension funds
Australian savers who bet on bitcoin through self-managed crypto pension funds have lost millions after it dipped 60% from its 2021 high.
Nationwide joins banks in hampering UK crypto payments
Nationwide is the latest UK financial entity to cut back on crypto as it bans crypto credit card payments and set daily crypto limits.
Silvergate warns investors it may not survive the year, shares drop 30%
Silvergate informed investors it won't file its 2022 fiscal report on time due to last-minute payments that have put its future in jeopardy.
Binance leads Voyager asset race but lender may face $60B fines
Crypto lender Voyager Digital’s $1B deal with Binance could finalize as early as April 18. Users voted to accept an asset transfer to Binance.
— Crime, Netherlands
Dutch police recover 90% of victim decryption keys in ransomware scam
Dutch police seized a flaw in the Deadbolt ransomware that allowed 90% of victims who reported the crime to recover data and avoid payment.
Musk Twitter scams pivot to paid ads that shill Mars trips and brain chips
A recent report from Forbes claims that the numbers of paid ads featuring Twitter CEO Elon Musk's photo are on the rise.