U.S. prosecutors released more details on the criminal charges that former Alameda Research CEO Caroline Ellison and FTX co-founder and former CTO Gary Wang pled guilty to earlier this week. The...
Tag: Companies
SEC to Scrutinize Audit Firms Working with Crypto Companies
The United States Securities and Exchange Commission (SEC) on Thursday announced that it has set its eyes on audit firms working for cryptocurrency companies. According to reports by the Wall Street J...
US SEC Sets Eyes On Audit Firms Working With Crypto Companies
The U.S. Securities and Exchange Commission (SEC) will increase scrutiny of audit firms working on audits for crypto companies. The SEC expressed concerns over investors getting false reassurance from...
DAOs recognized as limited liability companies by the Marshall Islands
The Republic of the Marshall Islands passed a law providing recognition of DAOs as limited liability companies (LLCs) The Pacific island nation passed the Decentralized Autonomous Organizations ...
Is it safe to buy big tech companies amid a 41% decline from the top?
2022 has not been kind to tech investors. The leading tech index, Nasdaq 100, dropped by -31.15% YTD, with the big tech market cap shrinking by $4.63 trillion or some 41% from its peak. Here, we talk ...
S&P 500: 11 Big Companies’ Profit Will Boom In 2023, Analysts Say
Worried about S&P 500 companies’ profit drying up next year? Don’t be. You just need to know where the money’s going. X Profit is expected to jump more than 70% at 11 S&P 500...
British Columbia suspends new crypto mining energy requests
Crypto mining firms looking to start up in British Columbia province are out of luck, at least for the next 18 months as the Canadian province is temporarily refusing new requests from miners for powe...
Bahamas government says Bankman-Fried will depart Wednesday
Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, will depart the Bahamas on Wednesday evening to be extradited to the U.S., the Office of the Attorney General said in an emailed...
Stocks tumble as Core Scientific files for bankruptcy
Most Bitcoin mining stocks tracked by The Block declined on Wednesday, as Core Scientific filed for Chapter 11 bankruptcy protection. Bitcoin was up and trading a bit under $16,800 by market clo...
Core Scientific eyes sale of up to 1 gigawatt worth of facilities amid bankruptcy: Exclusive
Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection, The Block has learned. “The likelihood of us selling asset...
Genesis and DCG creditor committee propose plan for asset recovery
Houlihan Lokey, an investment and financial services firm, presented a liquidity resolution plan on behalf of the creditor committee for the crypto broker Genesis and its parent company, DCG. Ge...
Bankman-Fried extradition to U.S. approved: WSJ
Sam Bankman-Fried is headed back to the U.S. to face criminal charges over the collapse of FTX after a judge approved his extradition from the Bahamas, the Wall Street Journal said. Bankmnan-Fri...
Coinbase approved as Virtual Asset Service Provider by Irish central bank
Coinbase was granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The registration means the company can continue to provide products and servic...
Bitcoin, crypto prices little changed as Coinbase, Block trade higher pre-market
Crypto prices were little changed over the past day while Coinbase and Block shares traded higher in pre-market hours. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.2% over the past...
Investments could flow back into China as companies avoid U.S. delisting
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budru...
Exchanges are counting on ‘proof-of-reserves’ to restore consumer confidence, says Bitstamp US CEO
Episode 127 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Bitstamp USA CEO Bobby Zagotta. Listen below, and subscribe to The Scoop on Apple, Spotify, Googl...
adoption by large companies such as Starbucks, Reddit, and Instagram
Join Our Telegram channel to stay up to date on breaking news coverage Polygon, one of the most promising projects of the year, has made undeniable progress toward onboarding the masses and having the...
Crypto Companies Seek Partnership And Acquisition Strategies For Business Development ⋆ ZyCrypto
Advertisement     According to a November 30, 2022 news announcement on its website, Poloniex has entered into a strategic partnership with Huobi that involves working...
Bank of Russia to Test International Crypto Payments With Companies – Finance Bitcoin News
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a sp...
Coinbase hit an all-time low yesterday but says it’s not all bad news. Mostly.
It’s been a tough year for crypto. But Coinbase, whose stock has been flirting with an all-time low, laid the ground for optimism in its 2023 Crypto Market Outlook. Factors including susta...
Stocks mixed as bitcoin rallies
Bitcoin mining stocks tracked by The Block showed mixed results Tuesday, with about half trading up and the other half down. Bitcoin was up and trading a bit under $16,900 by market close, accor...
Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt. The miner would then...
Coinbase, Silvergate reverse losses to rise alongside traditional markets
Crypto-related stocks are rising after days of losses, tracking traditional markets higher. Coinbase and Silvergate were up more than 3% at 10:40 a.m. ET, while Galaxy Digital added nearly 5%. ...
Coinbase, Binance enjoy market share gains after FTX demise
The Block tracks spot market share for cryptocurrency exchanges with fiat support. Only the largest exchanges with trustworthy reporting of exchange volume metrics are included. Binance’s market...
Polygon co-founder launches web3 startup accelerator Beacon
Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, has launched a web3 startup accelerator. Called Beacon, the New York City-based accelerator said it will support early-stage crypto p...
Auros bankruptcy protection filings show funds tied up on FTX
Market making firm Auros filed to begin bankruptcy proceedings in the British Virgin Islands, court documents show. A digital asset market maker and algorithmic trading platform, Auros maintaine...
Most miners tracked Bitcoin lower
Most bitcoin mining stocks tracked by The Block fell on Monday, in line with the coin’s price. Bitcoin prices were around $16,600 by market close, according to data from TradingView. ...
Bankman-Fried will agree to extradition to U.S.: reports
Former FTX CEO Sam Bankman-Fried on Monday decided to agree to be extradited to the U.S. to face fraud charges, Reuters reported, citing his lawyers. The report came several hours after one of B...
20 big oil companies expected to be cash gushers in 2023 despite uncertainty
The energy sector of the S&P 500 has been the year’s best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries. If you are interested in investing ...