Binance CEO Changpeng Zhao was grilled by CNBC reporters regarding hiccups with withdrawals from the exchange this week and the firm’s solvency. Binance earlier this week temporarily pause...
Tag: Companies
The World’s Most Important Product and the Only Two Companies That Can Make It
TAIPEI, TAIWAN: Morris Chang, chairman of the world’s biggest contract microchip maker Taiwan … [+] Semiconductor Manufacturing Co. (TSMC). AFP PHOTO/Patrick Lin (Photo credit should read ...
Bitcoin miner CleanSpark slashes 2023 hashrate guidance on build-out delays
Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium. “Just recently, they ...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...
Bitcoin miner CleanSpark reports $42.3 million net loss, missing estimates
Bitcoin miner CleanSpark reported $26.2 million in revenue, missing the average estimate of $27.1 million. The non-GAAP net loss of $42.3 million was also worse than the estimate of $15.4 million for ...
Gemini reports third-party phishing campaign that affected some customer data
Crypto exchange Gemini said Wednesday that a phishing campaign led to the collection of some customer email addresses and partial phone numbers. “Some Gemini customers have recently been t...
Binance CEO traveled to the US without publicizing it
Binance CEO Changpeng “CZ” Zhao has traveled to the U.S. but hasn’t publicized it because the firm cannot market to U.S. customers, the company said. Binance’s Chief Strategy ...
WisdomTree launches nine new blockchain-enabled funds
The New York-based asset manager Wisdom tree has launched nine new blockchain-enabled funds. These nine funds are effective with the U.S. SEC and come ahead of WisdomTrees digital wallet, slate...
FSB to Treat Crypto Companies The Same as Banks
The world’s largest financial watchdog, the FSB, plans to roll out regulatory guidelines for crypto in 2023. According to the Financial Times, the FSB intends to set out a timeline for global regulato...
Former CNN Chief Jeff Zucker On The Hunt For Entertainment, Media & Sports Companies
Photo by J. Countess/Getty Images. Getty Images Jeff Zucker, who ran CNN for almost a decade, will manage $1 billion in capital being contributed from Abu Dhabi-backed International Media Investments,...
Canada prohibits leveraged trading for crypto companies
In a move to impose stricter crypto legislation amid the FTX collapse, the Canadian regulator prohibited crypto margin trading. The Canadian Securities Administrators (CSA) published an update on cryp...
Coinbase CEO says market fear and volatility are a ‘moment to shine’
With Coinbase’s shares are at an all-time low, CEO Brian Armstrong sent out a memo to staff reassuring them that unlike other struggling or failed crypto exchanges, their company would persevere...
Argo Blockchain tumbles 38% after bankruptcy gaffe
Bitcoin mining stocks tracked by The Block showed mixed results with about half a dozen trading up and the others down. Argo Blockchain’s shares plunged 38% in the UK and 37% in the U.S. i...
Bankman-Fried denied bail, remanded to custody in the Bahamas: Reuters
Sam Bankman-Fried is headed to jail after a magistrate judge in the Bahamas denied his bail application and remanded him to the Department of Corrections, Reuters said. The disgraced former CEO of FT...
Six crypto staking firms detail how they’re faring in the current market
Layoffs at crypto firms have grabbed the headlines in the aftermath of FTX’s collapse, but it’s not all grim news in the sector. None of the staking firms the The Block spoke to reported dismissals, a...
BitAngels announces ‘Best in Show’ of companies innovating Web3 and Blockchain
BitAngels, the world’s premier investor network for the blockchain industry, today announced ShredSpots, Waterfall Protocol, and Big Watt Digital as the winners of its BitAngels Startup Pitch Contest ...
Sam Bankman-Fried charged with fraud over FTX collapse
Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was charged with “orchestr...
Sam Bankman-Fried arrested in the Bahamas
Sam Bankman-Fried was detained in The Bahamas, according to a statement from the Office of the Attorney General & Ministry of Legal Affairs that was distributed by local press. The arrest fo...
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, ...
TeraWulf’s stock tumbles 33% Digihost more than 11%
Most bitcoin mining stocks tracked by The Block declined on Monday, though half a dozen were higher. Bitcoin prices were around $17,100 by market close, according to data from TradingView. ...
Decentralized automotive insight network DIMO launches mainnet
DIMO Network, a decentralized automotive data insight network, today launched its mainnet, which aims to give users more control over— and potentially earn rewards from — driving data. Users tha...
Paxful CEO tells customers to get their bitcoin off its platform
The CEO of the peer-to-peer bitcoin trading platform Paxful Ray Youssef told customers to get their bitcoin off the platform and move it into self-custody. Youssef cited the collapse of Sam Ban...
Bitcoin miner Argo accidentally said it’s filing for Chapter 11, but is actually trying to avoid that fate by selling assets
Bitcoin miner Argo is looking to sell assets and get a loan as it seeks to avoid bankruptcy as it runs low on cash and after it accidentally published a document implying it would file for Chapter 11....
Coinbase law enforcement requests jumped 66% over the past year
Coinbase received 12,320 law enforcement requests for the year through Sept. 30, a 66% increase. The majority, 43%, of requests came from the U.S., followed by the UK, Germany and Spain, accordi...
S&P 500: 10 Companies Will Thrive During Next Year’s Recession, Analysts
Recession is likely next year, at least according to the bond market. But some S&P 500 companies will skate right through it, analysts say. X Ten S&P 500 companies, including casinos like Las ...
Bitcoin miner TeraWulf ups hashrate guidance by 16%, raises $10 million as shares plummet
Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%. ...
Who Is Mark Cuban? Crypto Companies Backed By Shark Tank Investor
Mark Cuban is a well-known name in the crypto world. The serial investor and billionaire ventured into the world of entrepreneurship when he was 12 by selling garbage to his neighbors. However, Cuban’...
EU New Directive Requires Crypto Companies To Report Users’ Holdings
The European Union (EU) policymakers just drafted a bill to tighten regulation on cryptocurrency exchanges. The new directive requires crypto-related companies to release certain details about their c...
U.S. Justice Department weighs charging Binance and its executives: Reuters
The U.S. Justice Department is continuing to weigh up charging crypto exchange giant Binance for possible money laundering and criminal sanctions violations, according to Reuters. It is also l...
Paccar, Deere, and 10 More Companies That Raised Their Stock Dividends This Week
Text size Paccar said it will boost its regular dividend to 25 cents a share. Dreamstime Carrier Global, Deere , Zoetis , and Paccar were among the many large U.S. companies that declared dividend inc...