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Tag: Companies
Coinbase to pay $100 million over failure to scale AML as business boomed
Coinbase reached a $100 million settlement with the New York Department of Financial Services following investigations into failures in its compliance program. The NYDFS fined Coinbase $50 milli...
IRS Wishes to Team Up With Crypto Companies to Battle Crime
A special agent from the IRS told the Wall Street Journal that the agency wishes to work with crypto companies to fight financial crime. He told the WSJ that the goal was a ‘symbiotic relationship.‘ T...
Core Scientific will cut power to 37,000 Celsius miners: Bloomberg
Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. The agreement marks the ...
Crypto winter exacts new tolls as companies brace and restructure
Wyre and EmpireDAO are the two latest companies to fall victim to crypto winter. Founded nearly a decade ago, payment provider Wyre let a number of employees go, with two laid-off workers confir...
Cryptosat launches second satellite with 30 times faster computation
Cryposat has launched the second of its isolated computational environments in low Earth orbit. The CubeSat named Crypto2, a small satellite no larger than a mug, was among the contents of a pa...
Bitcoin mining difficulty down 3.6% while revenue pops 0.9% in December
Bitcoin mining difficulty is down 3.6%, following a winter storm that led a number of miners to power down. The update was posted in the early hours of Tuesday, according to BTC.com. Diffi...
Bitcoin miner Riot Platforms drops ‘blockchain’ in rebrand
Riot Blockchain, one of the largest bitcoin miners in the industry, is rebranding its name to Riot Platforms to reflect the company’s diversified business operations, it said in a statement on T...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
Top 5 USA Web 3 Companies To Look Out For In 2023
The third generation of the web, known as Web 3.0, will enable information processing by apps and websites. Big data, machine learning, and decentralized ledger technology are examples of cutting-edge...
10 Biggest Retail Companies
Retail companies specialize in the sale of goods or services to consumers. Products sold by retailers include apparel, jewelry, house wares, small appliances, electronics, groceries, pharmaceutical pr...
Bahamas regulator fires back in ongoing feud with new FTX leadership
Heated exchanges between authorities in The Bahamas and FTX’s new management have spilled over into the new year. The Securities Commission of The Bahamas (SCB) released a statement late on Jan....
Gemini’s Winklevoss, DCG’s Silbert spar over frozen funds on Genesis
Gemini co-founder Cameron Winklevoss accused Digital Currency Group head Barry Silbert of “bad faith stall tactics” and comingling funds at his conglomerate in a pointed open letter posted...
Companies that accept crypto payments
Cryptocurrencies were born to facilitate digital payments, and e-commerce seems to be increasingly believing in them and aiming for crypto adoption. Blockchain technology is revolutionizing the way we...
Companies can ‘hire’ a virtual person for about $14k a year in China
Virtual singer Luo Tianyi performing with world renowned pianist Lang Lang in 2019 at the Mercedes-Benz Arena in Shanghai, China. Launched in 2012, Luo Tianyi has nearly 3 million fans and even perfor...
Top 5 Web3 Security Companies In 2022
Web3 Security Companies: Web 3.0 (Web3) is the third generation of web technology evolution. Web3 companies aim to improve user experiences by assisting creators in owning and monetizing their content...
What Will It Take for Bitcoin Mining Companies to Survive in 2023?
It was a perfect storm for bitcoin mining companies in 2022: Interest rate hikes increased the cost of capital, mining bitcoin became less profitable as hashrate stubbornly trudged upward while bitcoi...
10 Largest Beverage Companies
The Beverage Industry The beverage industry is made up of a wide range of companies that sell non-alcoholic products such as soft drinks, health drinks, coffees, and teas, as well as alcoholic beverag...
ChatGPT Likes Our Robot Story
To the Editor:I was going to write you a letter about your cover story (“Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay.”, Dec. 23) when I thought I would just let ChatGPT wri...
The Right Strategy For Oil Companies In 2023
Oil and gas producers seemingly have settled on a strategy. OPEC and Russia will limit production and let prices rise during a global war-famine-pandemic. OPEC sets the price umbrella while the Russia...
An Oil ETF Outpaced Crude by 5 Times Last Year. The Downside: Volatility.
Shares of the U.S. Oil exchange-traded fund surged 5.2% in the week before Christmas, and ended up 27% for the year. Oil prices did rise last year by nearly 5%, but how did an ETF that tracks them out...
10 Biggest Software Companies
Software is so central to the functioning of our technology that it’s impossible to imagine the modern world without all those lines of code instructing machines (and increasingly humans) what t...
Energy Companies Increase Spending in 2023 as Oil Prices Rebound
Oil and gas companies plan to increase their capital expenditure budgets in 2023 due to gains in crude oil prices, executives said in a recent Dallas Federal Reserve‘s energy survey. The majorit...
These Companies Are Forced to Give At Least 90% of Their Profits to Investors Each Year
In 2017, business magnate Warren Buffett did something that’s somewhat unusual for him. He poured hundreds of millions of dollars into a real estate investment. Buffett has been dismissive of real est...
Crypto exchanges finish 2022 with the lowest volumes in two years
Crypto exchange trading volumes finished off 2022 at the lowest level in two years, according to The Block’s Data Dashboard. Source: Cryptocompare The seven day moving a...
Beer Companies Capitalize On Luka Doncic’s ‘Recovery Beer’ Remark
DALLAS, TEXAS – DECEMBER 27: Luka Doncic #77 of the Dallas Mavericks dribbles the ball against the … [+] New York Knicks in the second half at American Airlines Center on December 27, 2022...