Stephan Roth

Stephan Roth

Stephan Roth is a London-based reporter covering fintech, blockchain, DeFi and crypto. He currently writes for AltFi and ETF Stream, having spent time at the Financial Times, CNNMoney and the Agence France-Presse. He contributes to CoinDesk's learn content. Stephan holds an MSc in Political Economics from the London School of Economics. He holds a variety of crypto assets.

Stories by Stephan Roth

Bored Ape Yacht Club NFTs Ethereum Floor Price Drops to 8-Month Low
The Ethereum floor price of the Bored Ape Yacht Club (BAYC) NFT collection has dropped to its lowest level since the start of the year, amid a continued NFT market slump and wider crypto market crash. At 65.68 ETH, the floor price of Bored Ape Yacht Club NFTs has fallen to levels not seen since January 2, 2022. According to data from CoinGecko, it has been on a downtrend since reaching an all-time high of 153.7 ETH on May 1. BAYC remains the biggest NFT collection by market capitalization, at 65
NewsNFTs
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Stephan RothAug 20, 2022
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Bankrupt Crypto Broker Voyager Digital Approved to Return $270 million to Clients
The U.S. Bankruptcy Court in New York has given crypto brokerage Voyager Digital approval from the U.S. Bankruptcy Court to return $270 million to affected customers, the Wall Street Journal reports. On Thursday, presiding judge Micheal Wiles gave Voyager the nod to return funds to customers held in a custodial account at the Metropolitan Commercial bank(MCB). The New Jersey-based crypto firm filed for chapter 11 bankruptcy in July as crypto prices plummeted–creating a bank run that forced Voy
NewsBusiness
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Stephan RothAug 5, 2022
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Cross-Chain Crypto Bridge Hacks Hit $2 Billion: Chainalysis
Blockchain sleuths Chainalysis estimates that more than two-thirds of all stolen funds across the crypto space have come from cross-chain bridge hacks this year. These sorts of attacks refer to exploits or hacks that occur on so-called bridging protocols connecting different blockchains. In a recent report, the firm said that theft on bridges has amounted to $2 billion worth of stolen funds, posing a "significant threat" to the credibility of blockchain technology. This analysis comes in the w
NewsBusiness
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Stephan RothAug 4, 2022
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Waves Community Backs Plan to Reimburse $500M of Lost DeFi Funds
The community behind blockchain protocol Waves has voted to reboot non-custodial lending protocol Vires.Finance following the depegging of the Waves stablecoin USDN back in April. At that time, the dollar-pegged cryptocurrency fell as low as $0.68, wiping out millions in value for holders. As the contagion gripped Waves and Vires.Finance, it became impossible for investors to withdraw their funds from the Vires.Finance, a lending platform akin to Aave or Compound, resulting in $500 million wor
NewsDeFi
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Stephan RothAug 2, 2022
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Net Flows Suggest ‘Bullish’ Crypto Market Momentum: Bank of America
The Bank of America has concluded that the recent rise in crypto outflows from exchanges and a rise in stablecoin net inflows signal "bullish" market momentum. In the July edition of its Global Cryptocurrencies and Digital Assets report, the bank went as far as to say that "fading sell pressure" has now turned to "buying." This change in sentiment can also be seen in an 11% rise in the digital asset market between June 29 and July 26, despite recording a 56% downtrend year-to-date. "Investors
NewsMarkets
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Stephan RothAug 2, 2022
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