Crypto lender Celsius Network must return around $44 million worth of crypto back to customers, even if it didn’t enter Celsius’s interest-bearing accounts. Chief Bankruptcy Judge M...
Tag: Companies
Judge dismisses crypto lawsuit against Kim Kardashian, Floyd Mayweather Jr.: CNBC
A federal judge dismissed a proposed class-action lawsuit against EthereumMax founders and celebrity promoters, including Kim Kardashian and boxer Floyd Mayweather Jr., CNBC reported. Plaintiff ...
Marathon shares fall 7% after November operational update
Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines. Bitcoin was trading at around $16,800 by market close, accordin...
Mastercard’s sees FTX collapse as crypto’s ‘time to reset’: TechCrunch
Grace Berkery, director of startup engagement at the payment processing firm Mastercard, thinks the collapse of FTX will ultimately be a positive for the industry. “I think it’s an opportunity ...
Signature Bank adopts caps to reduce concentration of crypto deposits
Signature Bank, long known as being friendly to crypto clients, is introducing caps to reduce the concentration of deposits from clients in the digital asset industry to below 20% of total bank deposi...
Robinhood gaining crypto market share after FTX collapse, CEO says
Robinhood has seen market share increase in the weeks following FTX’s collapse, CEO Vlad Tenev said. The company had no exposure to the now failed exchange. Tenev also said that the 7.6% s...
Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Coinbase’s Armstrong expects revenue to fall 50% or more, he tells Bloomberg
Coinbase CEO Brian Armstrong said the crypto exchange’s revenue this year will likely be cut in half or more from 2021’s sales number, blaming the state of the industry and shaken investor...
Number of Brazilian Companies Transacting With Digital Assets Increased Again in October
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Microsoft Investigates Attack Targeting Crypto Companies
Alex Dovbnya Cryptocurrency investment fund startups are being targeted by threat actors, according to a recent report by Microsoft The security division of tech giant Microsoft has investigated an at...
Goldman Sachs Plans to Invest Tens of Millions of Dollars in Crypto Companies
Alex Dovbnya Goldman Sachs might be on the lookout for cryptocurrency firms in wake of the FTX-induced crisis, according to a recent report According to a Tuesday report published by Reuters, Goldman ...
Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’...
Crypto tax startup Koinly cuts 14% of staff
Crypto tax startup Koinly has cut 14% of its staff, a reduction in headcount CEO Robin Singh attributed to a bear market made worse by the collapse of crypto exchange FTX. “We are taking measure...
The Block: Bitcoin Mining stock report: Tuesday, December 6
Most bitcoin mining stocks tracked by The Block traded lower on Tuesday, some showing double-digit declines. Bitcoin was trading at around $17,000 by market close, according to data from Trading...
Hedge fund Fir Tree files lawsuit against Grayscale: Bloomberg
Hedge fund Fir Tree Capital Management is suing crypto investment fund Grayscale Investments for information to investigate potential mismanagement and conflicts of interest, Bloomberg News reported, ...
Is Aave Companies’ latest acquisition an attempt to boost AAVE’s price action
Aave Companies confirmed the acquisition of Sonar, a Web3 social gaming application AAVE’s price continued to decline and remained significantly unprofitable Aave Companies, the developers of DeFi pr...
Analysis of Alameda’s Venture Portfolio
December 6, 2022, 1:47PM EST • 1 min read Quick Take December 6, 2022, Financial Times leaks Alameda’s Venture portfolio Reflects ~$5.3bn in aggregate investments across ~13 investment entities’ Lates...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Top 5 Companies Massive Layoffs In 2022
The crypto industry is experiencing turbulent times, with crypto winter forcing them to shut down operations and freeze hiring. After repeated ‘black swan’ events such as the FTX collapse, the Luna Te...
Cowen Digital taps London lead, charging ahead amid crypto winter, mass layoffs
Cowen Digital hired a new lead for its European and Asian operations as the firm sticks to its ambitious digital asset plans and takes advantage of crypto winter to scoop up talent. Taylor Cable...
PepsiCo Cutting Hundreds of Jobs in North America: WSJ
PepsiCo is planning to cut hundreds of jobs at its North American snacks and beverages headquarters, according to The Wall Street Journal, citing people familiar with the matter and documents seen by ...
Bitcoin mining difficulty falls 7.2% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Bitcoin mining difficulty falls TK% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Amidst Crypto Crash, Over 41K Companies Recorded High Crypto Holdings in Brazil
11 seconds ago | 2 mins read Market News Over 41,000 Brazilian companies have significant crypto holdings. Amidst crypto crash, crypto adoption in Brazil remains high. As the entire crypto industry ...
Silvergate CEO seeks to reassure investors over crypto contagion
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure...
Bybit joins leading crypto companies to offload 30% of staff, CEO makes alarming revelations ⋆ ZyCrypto
Advertisement     As the broader fintech market continues to cut down on its staff, cryptocurrency firms have followed suit. In an announcement yesterday, the CEO of t...
The Block: Mining stock report: Monday, December 5
Most bitcoin mining stocks tracked by The Block traded lower on Monday, with a couple of of firms seeing double-digit declines. Bitcoin was trading at around $16,900 by market close, according t...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
FTX US insurer Relm ‘confident’ it will remain ‘well-capitalized’
FTX US’s insurance company Relm is “well-capitalized to serve the needs of the industry” following the implosion of FTX Trading, CEO Joseph Ziolkowski said. “On the asset...