Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
Tag: Breaking
Breaking News: Terra Classic (LUNC) Investors to Receive Refund – Dev. Edward Kim Confirms!
The Terra Luna Classic (LUNC) ecosystem has put in place measures to reimburse community members that were affected by the network failure between September 21 and 28, according to core developer Edwa...
Silvergate shoots up 11%, Coinbase dips and MicroStrategy trades flat
Silvergate shares soared after the open, and Coinbase traded down as the Nasdaq 100 was higher. Shares in the crypto-friendly bank were up 11% to $15.25 by 11:30 a.m. EST, according to Nasdaq d...
Bitcoin resistance at $25,000 will be key gauge of rally’s momentum, B2C2 says
Bitcoin was little changed Monday after reaching its highest point above $23,000 since August over the weekend. While the recent rally has outpaced traditional equities, some are wondering how long th...
Orbeon Protocol (ORBN) Appreciates Greatly While BitTorrent-New (BTT) and Trust Token Wallet (TWT) Try Breaking Out
One of the factors that crypto investors consider when looking for investment opportunities is a digital currency’s performance in the market. Bit Torrent-New (BTT) and Trust Token Wallet (TWT) are tw...
Ivan on Tech’s Moralis becomes latest crypto firm to cut headcount
Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block. “I...
Crypto Analyst Says Bitcoin Eyeing Massive Surge After Breaking Through Major Hurdle – Here’s the Timeline
A widely followed analyst believes that Bitcoin (BTC) is setting the stage for a major move to the upside. Pseudonymous crypto strategist Kaleo tells his 555,100 Twitter followers is likely gearing up...
Three Men Tried Breaking Into Home Of Sam Bankman-Fried’s Parents, Lawyers Claim
Topline There was a serious “security incident” recently at the Palo Alto, California, home owned by the parents of the disgraced former boss of the crypto exchange FTX Sam Bankman-Fried, lawyers repr...
Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says
Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...
BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens
Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in ...
Genesis owes more than $3.6 billion to top 50 creditors
Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...
Breaking News: Crypto Lender Genesis Files for Bankruptcy
Genesis Global Holdco, LLC, the holding company of unsettled crypto lender Genesis Global Capital, filed for Chapter eleven bankruptcy security in New York district court late on Thursday. This was al...
Digital Currency Group’s Genesis Global files for bankruptcy protection
Genesis Global Holdco filed for bankruptcy protection late Thursday in New York federal district court. The news comes after the firm failed in a bid to raise cash for its troubled lending unit and cu...
Breaking: FTX CEO is considering restarting crypto exchange
FTX news CEO is exploring the possibility of restarting FTX International The CEO stated that they are looking if rebooting the exchange would bring more value FTX CEO – John J. Ray III stated that he...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...
New FTX CEO says the crypto exchange could be restarted: WSJ
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III’s plan to restart the exchange. “I’m glad Mr. Ray is finally paying lip service to turning the exc...
Bitcoin, ether in the red as altcoins experience sharp sell-off, crypto stocks open lower
Crypto prices were in the red, snapping a recent rally. Coinbase and MicroStrategy opened lower. Bitcoin dropped 3% in the past 24 hours to trade below $20,800 by 9:30 a.m. EST, although it was...
Breaking: Genesis is reportedly planning to file for bankruptcy soon
Genesis has reportedly started to prepare for a bankruptcy filing, which could be done by the end of this week The crypto lender owes creditors over $3 billion Troubled crypto lending platform – Genes...
Binance, ether, bitcoin all lower as US economy slows
BNB, ether and bitcoin slid with traditional markets after U.S. economic data showed signs of an economy starting to take a breather. Retail sales fell more than expected, tripping up what had b...
American CryptoFed argues it was shut out from dialogue with the SEC
A decentralized autonomous organization that the Securities and Exchange Commission is attempting to stop from registering and selling tokens argued at a hearing that the regulator isn’t making offici...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
Bitcoin, crypto prices bounce back following DOJ announcement
Bitcoin, ether and other crypto prices recovered as the U.S. Department of Justice announced an enforcement action against a little-known exchange called Bitzlato. Bitcoin was trading around $21...
Shiba inu jumps 15% as ether trades around $1,600 following PPI release
Ether traded above $1,600 for the first time since early November as crypto prices were elevated by lower-than-expected PPI data. Ether was trading at $1,598 by 9:20 a.m. EST, up 1.2% in the pa...
Pantera and Archetype co-lead $12.5 million Series A round for Obol Labs
Obol Labs, a startup aiming to make proof-of-stake blockchains more secure, raised $12.5 million in Series A funding. Investment firms Pantera Capital and Archetype co-led the round, with addit...
Drop zero crypto policy Bernstein tells institutions
Bernstein has some advice for institutions: Get some skin in the game. “Get off zero crypto allocation,” the asset manager told institutions following the publication of its global ...
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...