Crypto News
Ledn Eyes California Expansion as TradFi Prepares to ‘Deploy Big Dollars at Scale’: CEO
Ledn’s CEO said the centralized crypto lender now has $1.5 billion worth of assets on its platform.Source link
Bitcoin ETFs Plunge Back Into Red With $170 Million Exit
Bitcoin exchange-traded funds (ETFs) saw their recovery come to a sharp halt on Wednesday, April 16, logging a $170 million net outflow led by major withdrawals from Fidelity and Ark 21shares. Ether ETFs stayed firmly in the red, recording their seventh straight day of outflows. Bitcoin ETFs Retreat After Brief Rebound as Ether ETFs ExtendSource link
Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds
Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors' funds.According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim "fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated millions of dollars in those investors’ funds."The FBI said Kim lost "nearly all" of the $7 million he raised from investors and charged him with securities fraud and wire fraud. According to court records, Kim posted a secured bond of $250,000 and put up $100,000 in "cash or real property" to secure it.CoinDesk was first to report on the Zero Edge incident in July of last...
Ethereum Game ‘Treeverse’ Launching First Rewards Season on Immutable
Immutable zkEVM role-playing game Treeverse is rolling out play-to-airdrop rewards around the upcoming END token, beginning on April 19.Source link
Crypto for Advisors: Generating Yield With Bitcoin
In today’s crypto for advisors, Todd Bendell from Amphibian Capital breaks down bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation.Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert.Exclusive event alert for financial advisors: Join CoinDesk for Wealth Management Day on May 15th at Consensus Toronto. Registered wealth advisors are provided with their own day of networking and learning where they will acquire timely and actionable information about digital assets. Approved advisors receive a complimentary 3-day Platinum Pass ($1,750 value) to Consensus. Apply today.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.The Next...