Digital Currency Group (DCG) to Close Down Its Prime Brokerage Subsidiary TradeBlock

TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman … Read more

Euler Finance Hacker Turns in $31M as Recovery Efforts Come to Close

The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited … Read more

Stocks Close Marginally Higher as Investors Ponder Retail Sales Report & Inflation Data

Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.  On Wednesday, stocks climbed and ended the day on a higher close as traders pondered how strong retail sales could impact future interest rate hikes. In addition, market observers and participants also tried to determine how … Read more