Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Tag: Capital Markets
BlockFi brings back high-yield product thanks to SEC exemption
BlockFi is bringing back its popular high yield crypto savings account almost nine months after the SEC fined the fintech, thanks to a loophole. And this time it will only target America’s wealt...
Brian Armstrong reflects on Coinbase’s origin story
Episode 97 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Coinbase CEO Brian Armstrong. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Pod...
Venture firm Bessemer counts on a decentralized network for deal flow
In the world of venture capital, an investor’s network is as good as her net-worth. Venture investor Bessemer is hoping that a decentralized network of scouts will help it spot the most innovat...
Terraform Labs Founder Do Kwon says he’s ‘making zero effort to hide’
Do Kwon doesn’t seem too stressed that he’s wanted by authorities. “I’m writing code in my living room hbu,” the Terraform Labs founder replied to a user on Twitter. When asked about his t...
Cipher Mining seeks to raise up to $250 million in stock market offering
New York-based Cipher Mining aims to raise up to $250 million in a stock market offering of its common stock, a Sept. 21 regulatory filing shows. The move comes as bitcoin miners struggle to make ends...
Fidelity to offer bitcoin trading to retail customers: Reports
Fidelity Investments plans to launch bitcoin trading for retail customers on its brokerage platform, according to a report from the Wall Street Journal. The trillion-dollar asset manager will make it...
BlackRock taps Kraken’s CF Benchmarks to power its bitcoin offering: Exclusive
BlackRock will use Kraken’s CF Benchmarks bitcoin index pricing product for its first crypto offering. The world’s largest asset manager’s bitcoin product will be benchmarked by CF Benchm...
Cboe reports $460 million write-down on ErisX acquisition
During its second-quarter earnings call on Friday, exchange operator Cboe reported a $460 million write-down on its recent purchase of ErisX, a crypto asset exchange acquired by the firm in May to hel...
Digital Asset Macro Environment | Q2’22 Update
July 29, 2022, 1:06PM EDT • 1 min read Quick Take Update on Q1’22 Digital Asset Macro Environment(1) Analysis and impact of current inflation market Wall Street remains bullish long term on public dig...
Ether pushes past $1,700 as general crypto market goes up
Ethereum’s native token was up by around 6.3% on Thursday afternoon, as its price rose above $1,700. The coin was trading at around $1,720 at the time of publication, according to TradingView. J...
Ether outperformance continues into the weekend, trading over $1,600
The price of Ethereum’s native token continued its rally into the weekend, trading above $1,600 for much of Sunday, according to data from TradingView. The coin was up by roughly 4% on Sunday af...
Quantitative trading firm Susquehanna will follow FTX to the Bahamas
Susquehanna International Group, a large quantitative trading firm that operates in both traditional as well as crypto markets, is plotting an expansion to the small island nation of The Bahamas, foll...
Blockchain infrastructure company Chain completes $100 million acquisition of MDT token ecosystem
Count this as a sign that merger-and-acquisition activity in the crypto market is robust despite the slump in cryptocurrency prices. Blockchain infrastructure firm Chain announced on Saturday the acq...
Multicoin, LedgerPrime back new $20 million hedge fund
There’s a new hedge fund in the crypto market, and it’s hoping to bring deep fundamental analysis to an industry known for its dizzying volatility and meme coins. Announced Monday, Modula...
‘Merge’ rally pushes Ethereum almost to $1,400
The price of Ether was trading in the green this morning, continuing a rally that kicked off after the release of a soft timeline for the underlying Ethereum blockchain’s transition to proof-of-...