Missteps in regulating the technology underlying staking ecosystems may have serious — and negative — consequences, including forcing U.S. consumers to less-regulated foreign platforms, Coinbase Chie...
Tag: Companies
Staking revenues under threat as Coinbase shares tumble 22%
U.S. regulators set their sights on crypto-staking services this week, and Coinbase shares tumbled 22%. Shares in the exchange began to trade lower following comments from CEO Brian Armstrong, w...
The Block: Bitcoin mining report: Feb. 10
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with three gaining and the other 16 declining. Bitcoin fell 1.3% to $21,748 by market close. Here’s a look at ...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
FTX liquidators play ‘Storage Wars’ in hunt for saleable assets
Bound to hit the market soon are a half a million dollars worth of office furniture and equipment and 13 storage units in the Bahamas full of FTX’s “physical goods.” Although t...
Bitcoin has hit bottom — at least that’s what Pantera Capital and Osprey Funds chiefs say
Crypto chiefs say bitcoin prices have hit bottom and are consolidating. Bitcoin was trading around $21,760 at 7 a.m. EST, down about 4% over the past 24 hours, according to TradingView data. Th...
Demand for NFT tech nabbed this crypto startup a $800m valuation
Episode 8 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and QuickNode Co-Founder and CEO Alex Nabutovsky. Listen below, and subscribe to The Scoop on Apple...
After Kraken, These Crypto Companies Could Be Next
In a highly controversial move, the U.S. Securities and Exchange Commission (SEC) fined crypto exchange Kraken $30 million yesterday and forced it to shut down its staking product. In a Thursday annou...
Deutsche Bank to Invest in 2 Crypto Companies
Deutsche Bank AG’s asset management arm, DWS Group, is currently in talks with two German cryptocurrency firms over minority stake acquisitions. The investment is part of DWS’s efforts to revive growt...
SEC’s targeting of Kraken staking program sends shockwaves through industry
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new ...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
Su Zhu unveils new OPNX exchange for trading trapped crypto funds
Su Zhu, a co-founder of the collapsed crypto hedge fund Three Arrows Capital, said Thursday that a waitlist is now open at a new marketplace called OPNX for trading claims and derivatives related to f...
Bitcoin slips as memecoins lead loses; GBTC discount to NAV widens
Cryptocurrency prices slipped across the board, even as the sector buzzes about the future of AI and big data tokens. Bitcoin was trading at $22,722 by 9:35 a.m. EST, down 1.5% over the past day...
Fujitsu launches Web3 acceleration platform for startups and partner companies
Japanese multinational tech company Fujitsu has announced the launch of a new platform designed to support Web3 developers worldwide. According to a report by the Fintech Times, Fujitsu’s Web3 Accele...
CleanSpark kicks off bitcoin miner earnings with revenue expected to rise 13%: Preview
CleanSpark is expected to post a nearly 13% bump in revenue from the previous quarter when it kicks off the earnings season for bitcoin miners after the U.S. close today. The company is expecte...
Bitfarms pays down $21 million BlockFi loan with $7.75 million in cash
Bitcoin miner Birfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash. The value of mining machines that collateralize those loans has dropped significan...
Modular blockchain Dymension raises $6.7 million in private token round
Dymension, a modular blockchain that leverages Cosmos’s and Celestia’s technologies, raised $6.7 million in a seed funding round. Big Brain Holdings and Stratos led the round, with M...
Dubai Clarifies Rules for Crypto Companies
The government of Dubai’s stated goal of becoming a financial technology center was boosted Wednesday when its Virtual Assets Regulatory Authority (VARA) released its 2023 rulebook for regulating cryp...
Tether reports $700 million Q4 net profit in latest attestation report
Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves. “Tethe...
Sesame Labs Launches Marketing Platform for Web3 Companies with $4.5 Million in Funding
Co-Led by Wing Venture Capital and Patron, the seed round will be used to bring the platform to market SAN FRANCISCO–(BUSINESS WIRE)–Sesame Labs, a Web3 marketing platform that equips Web3 marketers w...
Affirm Stock Drops. Company Slashes 19% of Jobs After Earnings Miss.
Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after missing expectations for both its second fiscal quarter and its immediate outlook. Founder and CEO Max Levchin sai...
Coinbase’s Armstrong says staking restrictions would be ‘terrible path for the U.S.’
Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a “terrible path” for the U.S. if it were to restrict crypto staking in the country. “We&...
Crypto Twitter pokes fun at Twitter, on Twitter, amid reports of problems
Crypto Twitter took to the social network on Wednesday afternoon to poke fun at the service run by Elon Musk amid reports of an outage that left some users unable to tweet. “Elon can’...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Consello Digital names Citigroup alum Itay Tuchman as CEO
Consello Digital tapped a “key architect” of Citigroup’s digital asset strategy to serve as its new CEO, with the firm announcing the appointment of Itay Tuchman on Wednesday. The news comes months af...
The Block: Bitcoin mining report: Feb. 8
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and the other 16 declining. Bitcoin fell 1.6% to $22,843 by market close. Here is a look at ho...
a16z crypto taps Eddy Lazzarin as new chief tech officer
A16z crypto said Wednesday that it promoted Eddy Lazzarin to chief technology officer to oversee research and security teams at the venture capital fund. “It takes a truly special intellect to ...