In the midst of a bear market, the last story the crypto industry wanted to see hit the headlines was the debacle at FTX. It’s a story centered on the biggest negative perception many in the public st...
Tag: Companies
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
Crypto.com cuts 20% of workforce amid sector-wide layoffs
Crypto.com, the Singapore-based crypto wallet and payments firm, is laying off 20% of its global workforce. The company announced the news in a blog post published today. Kris Marszalek, the fi...
Wyre lifts 90% customer withdrawal limit after securing new funding
Wyre secured a new source of funding, allowing it to drop its recently introduced 90% customer withdrawal cap, the company said on Twitter today. “We’re excited to share that today we received f...
Cathie Wood sees ‘wall of worry’ ignoring blockchain tech, digital wallets and ChatGPT
Ark Invest founder and CEO Cathie Wood said equity markets plagued by a “wall of worry” have “largely ignored” game-changing innovation last year that included blockchain techn...
The Block: Bitcoin mining report: Jan. 12
Bitcoin mining stocks tracked by The Block were higher on Thursday, with all 19 gaining. Bitcoin rose 7.5% to $18,857 by market close. Here is a look at how the individual miners performed...
SEC charges Gemini and Genesis with unregistered securities offering
The Securities and Exchange Commission charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through a Gemini crypto len...
Bitcoin blows past $19,000 for the first time since FTX collapse
Bitcoin surpassed $19,000 for the first time since Nov. 8, when FTX had a tentative deal to sell to Binance. The biggest cryptocurrency rose more than 8% over the past day. Traditional markets a...
Potential Coinsquare and WonderFi merger in advanced talks
Two of Canada’s largest exchanges, Coinsquare and WonderFi, are in advanced merger talks, BNN Bloomberg reported, citing sources. If the deal goes through, the merged company would become...
Crypto players lament sputtering OTC trading as mistrust flourishes post-FTX
The crypto OTC market is sputtering, and that has otherwise high-spirited crypto enthusiasts bummed out. Amid a dramatic backdrop of snow-capped mountains in the Swiss Alps, crypto investors lam...
Alameda liquidators get liquidated on Aave as they try to consolidate funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors. The liquidators were trying to close the posit...
Bitcoin miner Iris Energy revenue falls 27% in December
Bitcoin mining firm Iris Energy reported that its operating revenue declined 27% in December compared to the previous month to $2.1 million — reflecting the first full month of operations after termin...
Cryptosat and DoraHacks complete ZK proof experiment on space station
The first successful experiment to launch a Zero-Knowledge (ZK) proof system in space occurred onboard the International Space Station (ISS) today, in a partnership between crypto-satellite developer ...
The Block: Bitcoin mining report: Jan. 11
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $17,559 by market close. Here is a look at how ...
The Block: Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald
A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported. ...
3AC’s Kyle Davies claims creditors ‘frustrated’ with bankruptcy process
Three Arrows Capital’s co-founder Kyle Davies claimed that the firm’s creditors are “frustrated” with the ongoing bankruptcy process. They complained about high costs, de...
S&P 500:9 Companies’ Profit Set To Triple While S&P 500 In Freefall
You might think fourth quarter earnings reports are ugly if you’re just looking at the S&P 500 itself. But there’s more than a few stocks bucking the trend. X Nine companies in the S&a...
Sandeep Nailwal’s Beacon Accelerator Names First 13 Companies to Participate
Polygon founder Sandeep Nailwal has unveiled the first 13 Web 3 companies to participate in Beacon, his newly launched startup accelerator. The team has confirmed that companies involved in the next c...
The Block: Bitcoin mining report: Jan. 10
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and the other three declining. Bitcoin rose 1.3% to $17,459 by market close. Here is a look at how the in...
MicroStrategy sells 13.5% stake to trading firm Group One
Trading firm Group One bought a 13.5% stake in MicroStrategy. The firm scooped up 1,261,744 shares of Class A common stock, according to a document filed with the U.S. Securities and Exchange Co...
Ondo Finance launches three tokenized U.S. Treasuries and bonds
Ondo Finance, a DeFi firm offering decentralized investment opportunities, has launched tokenized versions of U.S. treasuries and bonds. These tokenized products let stablecoin holders invest i...
Coinbase pops 7% after job cuts; Needham says buy
Coinbase jumped 7% after saying it would cut staff, with Needham calling it “necessary” and holding onto its buy rating. The exchange is cutting 950 employees, which should reduce o...
Gemini CEO Winklevoss escalates DCG spat, demands removal of Silbert
Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange’s Earn users. &...
Coinbase to cut 20% of staff in latest round of layoffs
Coinbase has implemented another round of layoffs, affecting 950 employees and reducing its operating expenses by 25%. After examining the firm’s prospects for 2023, Coinbase CEO Brian Arm...
The Block: Bitcoin mining report: Jan. 9
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and the other one declining. Bitcoin rose 1.6% to $17,234 by market close. Here is a look at how the indiv...
Ripple’s XRP leads CoinShares inflows in otherwise down week
Ripple’s XRP saw inflows at CoinShares in the first week of the year as investors fled bitcoin and ether. About $3 million was added in XRP, representing 9% of CoinShares’s assets un...