In light of FTX’s collapse, activities of off-shore crypto companies operating in the EU are under a microscope for the bloc’s regulators. The European Securities and Markets Authority is ...
Tag: Companies
Arms Sales By World’s Biggest Defense Companies Rise To Almost $600 Billion
The B-21 Raider stealth bomber is unveiled during a ceremony at Northrop Grumman’s Air Force Plant … [+] 42 in Palmdale, California on December 2, 2022. The B-21 is on track to cost nearly...
Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview
Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded. The exiled former exchange boss claims FTX CEO John J. Ray III has been icing him out since he to...
2-hour sit-down with Sam Bankman-Fried on the FTX scandal
Episode 121 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro, and Sam Bankman-Fried, Co-Founder of FTX and Alameda Research. Listen below, and subscribe to Th...
Brazilian Companies Break Crypto Purchasing Records Again in October – News Bitcoin News
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies pur...
Troubled crypto lender Genesis owes creditors at least $1.8 billion: CoinDesk
Troubled crypto trading and lending firm Genesis owes its creditors at least $1.8 billion, CoinDesk reported Sunday. The Financial Times first reported on Saturday that Genesis owes customers of...
43 Companies to Compete For Five California Offshore Wind Leases
Wind turbines at the London Array offshore wind park near England, United Kingdom. Unlike this … [+] offshore wind facility, California’s offshore wind will need to use turbines that float...
Most Crypto Companies Aren’t Going to Be Around – Featured Bitcoin News
The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic ab...
How Wide Does FTX Contagion Spread? The Affected Companies So Far
The collapse of the cryptocurrency exchange FTX will go down as one of the darkest moments in crypto’s history. The company experienced severe liquidity issues in November and couldn’t honor the withd...
Expect collapse of more companies
With several cryptocurrency projects collapsing, resulting in a widespread market correction, industry players are warning the situation could worsen in future. In particular, Joe Lonsdale, the founde...
4 Advisors on Their Top Bond Buys Now
With bonds offering their juiciest yields in years, we queried some wealth management pros on where they see the best fixed-income opportunities now: David Rossmiller, Bessemer Trust: We like longer b...
Retailers Are Cutting Jobs Instead of Hiring Help Ahead of the Holidays
The holiday season is usually a reason for stores to staff up to handle the surge of shoppers. But Friday’s jobs report showed a concerning trend: Retailers are shedding workers. According to the Bure...
Quantum Computing’s Promise and Hurdles
To the Editor:Quantum computing is a fascinating topic (“Quantum Computing Will Change the World. How to Play the Stocks,” Cover Story, Nov. 25). I’m not sure what the ultimate payoff will be, even if...
Battered SPACs and Closed-End Funds Finally Look Tempting. How Investors Can Play Them.
With apologies to the Bard, SPACs are now in disgrace with fortune and men’s eyes, along with other excesses, such as meme stocks and nonfungible tokens. But some special purpose acquisition companies...
SBF says he ‘can only speculate’ about where wired Alameda funds ended up: WSJ
FTX founder and former CEO Sam Bankman-Fried “can only speculate” about what happened to billions in funds after FTX customers wired them to its sister trading firm Alameda Research, he to...
LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg
Crypto derivatives exchange and clearinghouse LedgerX is for sale, with Blockchain.com and Gemini among those interested in acquiring the firm, Bloomberg reported late Friday. LedgerX is regulat...
Slowing Inflation Isn’t Good for All Stocks. The Challenge That Tesla and Others Could Be Facing.
Inflation may have peaked, which could be bad news for stocks that have benefited from higher prices. It has taken time, but the market has finally coalesced around the idea that inflation won’t get h...
Bankruptcy Law Firms Boom as Crypto Companies Go Bust
As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. In addition to triggering bankruptcies, such as BlockFi, the collapse of FTX ...
The Block: Bitcoin mining stock report: Friday, December 2
Bitcoin mining stocks tracked by The Block were mixed, with several stocks seeing double-digit gains. Bitcoin was trading around $17,030 at the time of market close. (BTC to USD ch...
BlockFi’s bankruptcy is the latest blow for a bleeding Bitcoin mining industry
As if crashing crypto assets, high energy prices and increasing difficulty in mining weren’t enough, now Bitcoin miners face the fallout from BlockFi’s bankruptcy protection filing. ...
Bitcoin’s mining difficulty set for largest single drop of 2022
It’s a sign of the times: the next bitcoin mining difficulty update might be the largest drop this year. The adjustment is projected to happen in the early hours of next Tuesday and could ...
GBTC’s near $11 billion assets under management pose a risk in the bear market: UBS
Your size is not Grayscale’s size Grayscale’s size can be extremely problematic in a bear market, Kachkovski said. Any sale would widen the GBTC discount further but not necessarily affec...
New York proposes crypto regulations, plans to charge crypto companies
The New York State Department of Financial Services (DFS) has presented a proposal to amend state legislation and charge licensed cryptocurrency companies for regulating them. Although it may seem str...
Ngrave looks to raise $15 million Series A at $60 million pre-money valuation
Ngrave, a crypto hardware wallet manufacturer, is aiming to raise $15 million in a Series A funding round, according to a pitch deck obtained by The Block. Binance Labs is leading the round, a s...
Sam Bankman-Fried should bring ‘candid’ FTX discussions to Congress
A key House lawmaker has an idea for the next stop on Sam Bankman-Fried’s apology tour: Capitol Hill. House Financial Services Committee Chair Maxine Waters lauded Bankman-Fried’s “candid” comm...
Galaxy Digital to acquire custodian GK8 from bankrupt Celsius
Galaxy Digital agreed to purchase high-security custodian GK8 from bankrupt crypto lender Celsius. Galaxy will support GK8’s self-custody solution in the ongoing development of GalaxyOne,...
Why regulatory clarity may be a silver lining to the FTX crisis
Episode 120 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, and Drew Forman, Managing Partner and Head of Cowen Digital. Listen below, and subscribe to The Scoo...