Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
Tag: Companies
Bitcoin over $17,000 pushes miners higher
Bitcoin mining stocks jumped as the cryptocurrency rallied above $17,000. Crypto-related stocks and traditional markets were also higher. Bitfarms rose by 32%, while Marathon gained 24% and Riot...
Core Scientific increases bitcoin production despite winter storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm. The company’s self-mining hashrate incr...
Bitcoin blasts through $17,000 amid wider market rally
Bitcoin blasted past $17,000 amid a wider market rally that sent crypto-related stocks and traditional markets higher. The biggest cryptocurrency increased 1.8% in the past 24 hours to $17,260...
Metropolitan Commercial Bank to close crypto vertical
Metropolitan Commercial Bank’s holding company will exit its crypto asset vertical, pointing to the shifting regulatory environment for banks involved in crypto, developments in the industry and busin...
Technology Companies Throng to Set Up Headquarters in Hong Kong
Paul Chan Mo-po announced that the technology companies have been contacting the government to set up their headquarters in Hong Kong. A number of pilot activities are organized by the government to t...
Former FTX U.S. president Harrison says he’ll share information on exchange ‘in time’
Brett Harrison, former president of FTX U.S., plans to share information on the crypto exchange’s operations. Harrison responded to a post on Twitter asking what he knew about FTX’s U.S. unit, a...
Messari founder Ryan Selkis says Twitter account reinstated after ‘unfortunate error’
Messari founder Ryan Selkis said his Twitter account was reinstated after it had been “permanently suspended” in error. “Looks like it’s working again,” he said on Sunday...
Can Solana keep up the momentum?
With crypto winter now starting to feel like an ice age, layoffs and new regulatory investigations could continue to be in the news after a slew of announcements and reports in the first week of Janua...
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies – Regulation Bitcoin News
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems fr...
Crypto companies aim to build trust within future products and services
The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Ter...
Bank of France Governor Thinks Crypto Companies Should Abide by Stricter Rules
Francois Villeroy de Galhau – Governor of Banque de France – believes cryptocurrency firms should obtain tougher regulatory licenses to continue providing their services. He also stated France should ...
SuperRare cuts 30% of staff, citing bear market
NFT platform SuperRare will reduce staff by nearly 30%, said CEO John Crain in a message he posted on Twitter. Although the company grew “in tandem with the market” during the last bull run, acc...
Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Rev...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Mt. Gox first repayments pushed back to September
The timeline for Mt. Gox financial details registrations and repayments has been pushed back by two months. The first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, ...
10 Biggest Canadian Oil & Gas Companies
The Canadian Oil and Gas Industry The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Upstream companies engage...
The Block: Digital Currency Group to shutter wealth management unit: The Information
Barry Silbert’s Digital Currency Group is shuttering HQ Digital, a subsidiary focused on wealth management that it launched last year. DCG, parent of troubled crypto broker and lender Genesis Tr...
Genesis cuts 30% of staff in latest round of layoffs
Genesis Trading begun a new round round of layoffs, reducing its workforce by 30%, a source familiar with the matter told The Block. “As we continue to navigate unprecedented industry cha...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
Vauld rejects Nexo’s ‘final’ acquisition proposal, questions company’s solvency
Troubled crypto lender Vauld and its committee of creditors (COC) rejected rival Nexo’s “final” acquisition proposal due to concerns about Nexo’s financial health and others is...
Y-Combinator tells portfolio companies 2023 may get bad
Y-Combinator (YC) expects even more economic turmoil in 2023. It advises project leaders to revert to “survival” mode as fundraising could be challenging in the next few months. In a screen grab circu...
Is Mining Worth? Will Bitcoin Mining Companies Survive In 2023?
Will Bitcoin Mining Companies Survive In 2023? Bitcoin mining companies had a really tough year as the extreme market conditions influenced the price of Bitcoin. The crypto market saw major crashes li...
Opinion: Here are the chip companies that should benefit the most from the government’s massive incentives
The pandemic created enormous challenges for semiconductor companies. Unprecedented demand drove up prices and backlogs for chips and equipment as supply chains faltered. At the same time, concerns gr...
Coinbase shares jump over 12% following settlement with New York regulator
Coinbase shares soared following the exchange’s $100 million settlement with a New York state financial regulator. Coinbase shares rose 12.3% to $37.65 at 12:30 p.m. EST, according to Nasd...
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke. Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not reco...