Tech giant Meta’s metaverse spending spree continues as the company’s Reality Labs division posted a fourth-quarter loss of $4.3 billion. Reality Labs is tasked with spearheading the comp...
Tag: Companies
The Block: Bitcoin mining report: Feb. 01
Bitcoin mining stocks tracked by The Block were mostly higher on Wednesday, with 14 gaining and four declining. Bitcoin rose 2% to $23,574 by market close. Here is a look at how the indivi...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
DeFi protocol Archimedes raises $4.9 million in seed funding
Archimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9 million in a seed funding round. Hack VC led the round, with Uncorrelated Ventures, Truffle Ventures, ...
Market trades flat ahead of Fed’s interest rate decision
Crypto prices remained mostly flat after the market opened on Wednesday, as traders await the Federal Reserve’s interest rate decision and comments from the subsequent press conference this afternoon....
Luxor launches auction-style platform for mining machines
Bitcoin mining firm Luxor launched an auction-style platform for buying and selling Bitcoin mining hardware. The new product is meant to improve price discovery and increase liquidity in the sec...
Addressable Secures $7.5 million in Seed Funding Round To Help Web3 Companies Acquire More Users
Advertisement     Addressable, an innovative end-to-end Web3 marketing solution, is elated to announce the success of its seed funding round that raised $7.5 million. ...
Uniswap temperature check spurs feverish backroom maneuvering among crypto VC heavyweights
A community “temperature check” vote to see which cross-chain bridge would be utilized for decentralized exchange Uniswap’s third iteration swung decidedly in favor of Wormhole. But ...
CME’s crypto derivatives reach new highs as traders seek safe port in storm
Derivatives trading giant CME Group has clocked a record high in volume and open interest for bitcoin options as traders flock to the venue in the wake of the FTX meltdown. Bitcoin options volum...
The Block: Bitcoin mining report: Jan. 31
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 13 gaining and four declining. Bitcoin rose 1.4% to $23,114 by market close. Here is a look at how the indivi...
Highlights from the court report detailing Celsius’ Ponzi-like downfall
Celsius Networks used to promise customers ”financial freedom” with a ”community first” company that sold products safer than a bank. ”We are Celsius. We dream big,”...
MicroStrategy expected to report profit despite down quarter for crypto: Preview
MicroStrategy reports fourth quarter results Thursday with the company expected to turn a profit after several down quarters even as revenue comes in slightly lower than a year earlier. The sof...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
UK home to hundreds of companies running crypto, forex scams
The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running crypto or fraudulent foreign exchange trading scams in the U.K. Victims of the scams are often approached ...
Coinbase loses Bison Trail co-founders: Sources
The co-founders of Bison Trails left Coinbase today, according to three people familiar with the situation. Joe Lallouz and Aaron Henshaw created Bison Trails to run infrastructure on multiple b...
Addressable raises $7.5M to enable Web3 companies to acquire users at scale
Tel Aviv, Israel, 31st January, 2023, Chainwire Addressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ve...
Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
January 31, 2023 – Tel Aviv, Israel Addressable, an innovative end-to-end solution for Web 3.0 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures an...
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public
The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identi...
FTX-linked Alameda Research sues Voyager Digital for over $445M
Troubled crypto trading firm Alameda Research is suing failed crypto lender Voyager Digital for more than $445 million, seeking to recover loan repayments that it made after Voyager filed for bankrupt...
Osprey Funds sues competitor Grayscale over bitcoin trust advertising
Osprey Funds, which provides asset management services, accused Grayscale Investments of “unfair and deceptive acts and unfair competition.” Osprey said Grayscale’s advertisements were mis...
U.K. Government Has Proposed A £600 Million Package To Help Its Steel Companies Go Green
Getty Images Key takeaways Runaway energy prices in the U.K. have made the cost of industry prohibitive over the past couple of years. This is of particular note for steel mills which sometimes use ca...
The Block: Bitcoin mining report: Jan. 30
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with two gaining and the other 17 declining. Bitcoin fell 4.2% to $22,724 by market close. Here is a look at how the...
Who’s Making The Greatest Strides In Renewable Energy? Countries And Companies That Are Getting Closer To Net-Zero Emissions
getty Key takeaways With the world’s climate changing, countries and companies are moving towards net-zero emissions Some smaller countries have achieved net zero, with many more on target to reach th...