Bitcoin mining stocks tracked by The Block were mixed on Thursday, with 10 gaining and the other 9 declining. Bitcoin rose 1.7% to $21,099 by market close. Here is a look at how the indivi...
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FTT token price soars after FTX CEO floats exchange restart
FTT, the token tied to bankrupt crypto exchange FTX, shot up 30% after the exchange’s new CEO suggested that FTX.com might be restarted. The token was trading at around $2.28 as of 11:20 a...
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...
CleanSpark moves ahead with 50-megawatt expansion at recently acquired site
Bitcoin miner CleanSpark is moving forward with the expansion of its recently acquired site in Georgia, charging ahead even as the mining industry reels from months of tough economic conditions. ...
The Block: Bitcoin mining report: Jan. 18
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with one gaining and the other 18 declining. Bitcoin fell 2.6% to $20,781 by market close. Here is a look at how ...
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...
Bitzlato founder arrested for allegedly processing $700 million in illicit funds
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department’s efforts to take down a “money laund...
The Giving Block cuts about 12% of its workforce
The Giving Block, a crypto donations marketplace, trimmed its workforce, two sources with direct knowledge of the matter told The Block. The Miami-based company laid off around ten people, or a...
ConsenSys confirms 11% staff cut
Blockchain software company ConsenSys has laid off about 11% percent of its staff. The round of cuts affected a total of 96 employees, the firm said in a statement on Wednesday, confirming repor...
Gun companies report declining demand for firearms
A selection of AR-15-style rifles hangs on a wall at R-Guns store on Jan. 11, 2023, in Carpentersville, Illinois, a day after the state ban. Armando L. Sanchez | Tribune News Service | Getty Images Th...
Cathie Wood-backed 21shares offers first staking index ETP
Cathie Wood-backed 21Shares unveiled the 21Shares Staking Basket Index ETP, the first crypto staking index ETP offering diversified staking income. The 21Shares Staking Basket Index ETP tracks p...
Bitcoin rises slightly as crypto stocks surge in rally led by Coinbase, Hut 8
Bitcoin rose slightly by the U.S. close as crypto-related stocks ended the day largely higher in a rally led by Coinbase and Hut 8. The largest cryptocurrency by market capitalization rose about...
The Block: Bitcoin mining report: Jan. 17
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 17 gaining and the other two declining. Bitcoin rose slightly to $21,317 by market close. Here is a look at how the ...
Bit Mining up 51% after launch of new Litecoin, Dogecoin mining machine
Bit Mining jumped about 51% as most mining stocks rallied along with bitcoin, which has been trading above $21,000 after two months in the $17,000 range. The company announced a new litecoin and...
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 ...
Coinshares sees first inflow of ETH after two months; AUM up most since 2021
Coinshares saw the first inflows into ethereum in two months as assets under management rose 13% thanks to the recent increase in crypto prices, the largest gain since Oct. 2021. Digital asset i...
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...
Diva closes $3.5 million seed round for distributed liquid staking protocol
A handful of protocols and exchanges currently dominate the Ethereum staking scene. Diva recently closed a $3.5 million seed round led by A&T Capital to change that, with plans to build out a coop...
Japan urges other countries to regulate crypto companies like banks
Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bure...
Top 5 IoT Companies to Look out for in 2023
Get an in-depth look at top IoT projects in 2023, these include IOTA, Helium, Ambrosus, WISE, and Atonomi. The Internet of Things (IoT) The purpose of IoT technology is to connect devices, machines, a...
Vauld gets creditor protection until Feb. 28 — shorter than requested
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore o...
Netflix, Goldman Sachs, United Airlines, Morgan Stanley, and More Stocks to Watch This Week
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Coinflex says new exchange with 3AC founders won’t use GTX name after Twitter ridicule
Coinflex said that a proposed exchange for trading claims won’t use GTX for its name after a proposal to raise $25 for the project had been widely mocked on Crypto Twitter. “Buildin...
Nexo sues Cayman Islands regulator over rejected license
Crypto lending platform Nexo is suing the Cayman Islands regulator for denying the firm a virtual asset license. Nexo, which only last week saw its office in Bulgaria raided by 300 police and ha...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchange
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pit...
Binance US and companies in difficulty
Much can be inferred from Binance US’s attempt to acquire the struggling company Voyager Digital. In fact, over the past period, the news has been put under the magnifying glass by many, for a variety...
Aerospace Stocks Are Wall Street Favorites. 1 Analyst Sees a Risk Though.
Aerospace stocks are hot on Wall Street, pushed by analysts who expect the demand in global air travel to keep growing. There is a very real risk to the sector’s rosy year, though—rising interest rate...