Joseph Edmund Johnson, brother of former UK Prime Minister Boris Johnson, resigned from his advisory role to a subsidiary company of the crypto exchange Binance, the Telegraph reported. Joseph ...
Tag: Companies
Insurers Follow Auditor in Shunning Crypto Companies
Insurers are increasingly denying or significantly limiting coverage to clients involved with cryptocurrencies due to the collapse of exchange FTX. Inconsistent regulation and volatile crypto prices h...
Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb sinc...
Grayscale may return some capital to investors if GBTC’s ETF dreams fail: WSJ
Grayscale Investments will explore how to return up to 20% of its Grayscale Bitcoin Trust’s capital to shareholders if it cannot turn the product into an exchange-traded fund. A tender off...
Nike, FedEx, Micron, General Mills, and Other Stocks for Investors to Watch This Week
A bevy of economic data and several notable companies reporting will keep investors busy this week, before things slow down for the holidays. On Tuesday, Nike FedEx and General Mills release quarterl...
Elemental Machines Is Bringing The Internet Of Things To Lab Operations To Save Millions Of Dollars For Biotech Companies
Sridhar Iyengar, the founder and CEO of Elemental Machines. Elemental Machines The Internet of Things (IoT) products – like a Bluetooth speaker showerhead or refrigerator that orders things directly f...
Tesla’s Elon Musk Has a Finance Lesson For Investors. They Disagree.
There is little time off for investors following Tesla these days. The weekend before Christmas is no exception. In the past couple of days, there have been more tweets about the electric-vehicle make...
No withdrawals on OKX for almost seven hours amid cloud failure
Crypto exchange OKX hasn’t processed any withdrawals for almost seven hours owing to a failure with its cloud services provider. The exchange shows a partial outage for deposits and withdr...
The Block: US prosecutors probing Bankman-Fried’s political donations: NY Times
U.S. federal prosecutors are seeking more information about political donations made to Democrat and Republican lawmakers by former FTX CEO Sam Bankman-Fried and two executives he worked with, accordi...
Bank of Russia Acts to Protect Crypto Companies Against Sanctions
The Central Bank of Russia has introduced a course of action aimed at protecting companies dealing with digital assets against the pressure of sanctions. CBR Offers Relief to Crypto Companies, Albeit ...
Goldman Sachs To Axe Thousands Of Staff After Announcing Plan To Buy Crypto Companies
As it prepares for a more challenging climate in 2023, investment bank Goldman Sachs plans to lay off up to 8% of its personnel, according to a source with knowledge of the situation, as reported by T...
Riot Games looks to distance itself from Sam Bankman-Fried
He’s been kicked out of the “League.” The maker of Sam Bankman-Fried’s favorite game, League of Legends, wants out of its exclusive sponsorship agreement with the disgra...
5 Outperforming Oil Companies To Consider For 2023
Summary Occidental PetroleumOXY was the largest outperformer. Other stocks that beat the index included Marathon OilMRO , APAAPA , Valero EnergyVLO and Marathon PetroleumMPC . As 2022 comes to a close...
Bitfarms nets $3.6 million gain from de la Pointe property sale
Mining firm Bitfarm, which has locations across the Americas, sold a property in de la Pointe, Quebec for a net profit of $3.6 million. The de la Pointe property used hydroelectric power from H...
Derivatives platform Paradigm lines up new exchange partnerships post-FTX
Paradigm, the crypto derivatives platform, suffered a big hit to trading volumes following the collapse of FTX. Now, the startup is lining up new exchange partners to try to recapture what it lost. &#...
Why FTX’s collapse is a ‘crucible moment’ for Solana
Episode 125 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko. Listen below, and subscribe to The Scoop ...
Embattled crypto lender Amber Group raises $300 million
Singapore-based crypto lender Amber Group today announced a $300 million fundraise that comes amid layoffs and refocusing at the company. Amber said in a tweet that it had closed a Series C roun...
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions – Regulation Bitcoin News
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part ...
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
France is considering licenses for crypto companies
France may require crypto businesses to obtain a full license to align the country’s legislation with forthcoming EU rules. Currently, crypto companies do not need a formal license to operate in Franc...
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. CSOP Bitcoin Futures ETF and CSOP Ethe...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
Royal Caribbean Stock Could Rise 35%. How It Beat Other Cruise Lines With its Recovery.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...