Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Tag: Companies
Bankruptcy judge approves BlockFi’s employee retention program
A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff. “It offers the debtor and the employee an opportunity to move forward and maximize the estate,” ...
Bitcoin miner Gryphon going public via deal to buy cannabis software company Akerna
Gryphon Digital Mining is going public in a deal to buy Akerna Corp. in an all-stock transaction. Privately-held Gryphon, which claims to be a carbon neutral bitcoin miner, will buy the publicly...
Virtu continues to see crypto as a ‘long-term growth opportunity’
Trading giant Virtu Financial is still committed to the crypto market, chief executive Doug Cifu said during the company’s fourth-quarter earnings call. The market-making firm has traded ...
Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities. The company said in a filing the initial project will consist ...
How one of the largest finance companies you’ve never heard of is doubling down on crypto
Episode 3 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Nabil Manji, Worldpay head of crypto and web3 . Listen below, and subscribe to The Scoop on App...
The Block: Bitcoin mining report: Jan. 26
Bitcoin mining stocks tracked by The Block were mostly higher on Thursday, with 13 gaining and 5 declining. Bitcoin rose 0.9% to $23,131 by market close. Here is a look at how the individu...
Investment firm Brevan Howard adds senior leader to crypto division
Brevan Howard Digital added to its senior leadership ranks, hiring former Dragonfly general partner Kevin Hu to focus on investing in listed digital assets. Hu will be based in the firm’s new A...
Moody’s developing stablecoin scoring system: Bloomberg
Rating agency Moody’s is developing a system to score stablecoins. It will include an analysis of up to 20 stablecoins and rate them based on the quality of attestations on the reserves ba...
FTX Creditor Records Airlines, Charities, and Tech Companies Indulged in Bankruptcy
An entire list of creditors who have taken money from the collapsed exchange platform FTX has been issued; disclosing a multitude of firms and government bodies indulged in its bankruptcy. On January...
Bitcoin steady as altcoins pop, aptos hits all-time high around $20
Bitcoin was treading water at around $23,000, while ether and altcoins traded higher. Equities were mixed, with Silvergate down and Coinbase higher. Bitcoin was trading at $23,037 by 10:40 a.m. ...
Bitcoin miner Hut 8 takes dispute with power supplier to court
Canadian bitcoin miner Hut 8 is taking a contract dispute with its energy provider to court. The miner filed a statement of claim in the Superior Court of Justice of Ontario against Validus Powe...
Which Tech Companies Will Break Out In 2023?
Getty Images Key takeaways With the rise of ChatGPT, all eyes are on the artificial intelligence space as investors and analysts look for the best investment opportunities right now Even though major ...
FTX debtors, Bahamian liquidators object to U.S. Trustee’s examiner request
Allowing an examiner to investigate the FTX bankruptcy would “come at an enormous cost” and “provide no benefit” to creditors, lawyers for the troubled crypto exchange said in a court filing. T...
Bitcoin’s back in the green, Aptos reaches all-time high as major markets end little changed
Bitcoin jumped above $23,200 as Aptos’s APT soared 46% while traditional markets were muted. The largest cryptocurrency was up about 1.6% over the past day at 4:35 p.m. EST after trading l...
The Top Web3 Security Companies for 2023
Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart con...
The Block: Bitcoin mining report: Jan. 25
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and 12 declining. Bitcoin fell 0.5% to $22,936 by market close. Here is a look at how the indivi...
BlockFi has no ‘secret financials’ after filings show $1.2b exposure to FTX, Alameda
Failed crypto lender BlockFi says it “disclosed accurate information” to a New Jersey bankruptcy court after an unredacted court filing showed the firm has a $1.2 billion exposure to troubled exchange...
Saudi Central Bank To Experiment With CBDC Alongside Fintech Lenders And Companies
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its...
Digital Currency Group’s Luno cuts 35% of staff
Luno, the crypto exchange owned by Digital Currency Group, reduced its workforce by 35%. The London-based firm told employees about the layoffs earlier today. Luno had a total headcount of 960, ...
Can Insurance Companies Help DeFi’s Adoption & Popularity?
Join Our Telegram channel to stay up to date on breaking news coverage DeFi insurance may finally have a chance to succeed in troubled crypto markets, but only if it can overcome key obstacles. Less t...
Are DeFi Degens in Good Hands? Insurance Companies Want to Help
Distressed crypto markets might finally give DeFi insurance a chance to flourish, but only if it can overcome some headwinds. At the moment, less than 1% of all the assets in the $47 billion DeFi ecos...
Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFS
The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets. The watchdog argued that co-mingling funds could trigger ...
The Block: Bitcoin mining report: Jan. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 11 declining. Bitcoin rose 0.3% to $23,037 by market close. Here is a look at how ...