Greenidge Cuts NYDIG Debt by $59M, Significantly Improves Balance Sheet
1. Februar 2023• Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). • The transaction reduced the principal and accrued interest balance of debt with NYDIG from about $76 million to roughly $17 million. • The loan agreement can potentially reduce the principal balance of the debt to approximately $7 million. Greenridge Cuts Debt with NYDIG Bitcoin miner Greenridge Generation Holdings has entered into several agreements associated with its secured debt with New York Digital Investment Group (NYDIG), reducing the principal and accrued interest balance of debt from about $76 million to…
New York Assembly Bill A523 to Allow State Agencies to Accept Cryptocurrency Payments!
• New York State Assembly Bill A523 has been introduced by Democratic Assembly Member Clyde Vanel, which would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments. • The…
Digital Yuan Upgraded with Smart Contract Functionality and New Use Cases
• China’s digital yuan has been upgraded with new smart contract functionality. • It has also been given new use cases, including buying securities and making offline payments. • Users have the chance to receive a share of an 8,888…
Transacciones Ripple: una guía completa
Ripple es una plataforma de pagos global que permite a las instituciones financieras y a los individuos enviar y recibir pagos en cualquier divisa a nivel mundial. Esta plataforma también ofrece la posibilidad de realizar transacciones rápidas, baratas y seguras,…
Revolutionize Music Metadata with Web3 Solutions
• Web3 features such as NFTs and blockchain-based systemization offer clarity and new accessibility to managing music metadata. • Nonfungible tokens (NFTs) help artists connect with their communities and can identify each individual usage via blockchain. • Digital Data Exchange…
Crypto Companies Must Provide Transparency for Customers to Grow
• Encourage the use of non-custodial wallets to ensure customers have full control and ownership of their assets • Use public ledgers and proof of reserves with regular internal and external financial audits that can be made public • Provide…
DCG Crisis: Novogratz Downplays Impact on Crypto Prices
• Mike Novogratz, CEO of Galaxy Digital Holdings, has downplayed the potential impact of the financial distress facing Digital Currency Group (DCG) and Genesis. • He believes the crisis won’t cause much further strain on crypto prices and that it…
December 2022 Sees Lowest DeFi Exploits of the Year, Lido Protocol Takes Lead
• The total value of stolen DeFi funds was the lowest in December 2022, with $62 million worth of exploits. • Lido Protocol overtook MakerDAO to have the highest total value locked (TVL) in the DeFi ecosystem. • The start…
Mt. Gox Creditors Get Extra Time to Select Repayment Method
• Mt. Gox creditors now have until Mar. 10, 2023 to decide on which repayment method they want to be paid in and register their payee information. • The deadline for the base repayment, early lump-sump repayment and intermediate repayment…
Cairo Revamped: StarkNet Makes Web3 Development Easier for Developers
• StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers. • The technical specifications of the Cairo 1.0 launch encompass improved syntax and language constructs, a holistic type system, intuitive libraries, optimized code and…
Hong Kong Proposes Government-Backed Stablecoin to Access Web3
• Hong Kong lawmaker Wu Jiezhuang is proposing that the Hong Kong digital dollar (e-HKD) be turned into a government-backed stablecoin. • Wu believes that a stablecoin backed by the government would provide benefits for the adoption of new technologies…