Crypto news site CoinDesk, owned by Digital Currency Group (DCG), has received takeover interest including one that suggested a $300 million purchase price, according to Semafor, according to Semafor....
Tag: Companies
Senior Senate Democrat wants crypto exchange info after FTX collapse
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the co...
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...
The return-to-office war may finally be reaching a compromise, but companies will be the biggest losers
It seems as if the return-to-office battle has reached a stalemate. For the past couple of years, it’s been a tug-of-war between bosses who want employees back at their desks and workers who would rat...
Qredo-incubated hybrid crypto exchange breaks cover: Exclusive
Ankex, a new hybrid crypto exchange incubated by DeFi infrastructure firm Qredo, announced its launch today. Qredo builds decentralized tools that help DeFi outfits with settlement, custody an...
Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive
Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product will track Aave,...
Silvergate Capital reports less than $20 million in BlockFi deposit exposure
Crypto bank Silvergate Capital said that less than $20 million of its total deposits from crypto customers come from lender BlockFi, adding that it has “minimal” exposure to the company no...
The Block: Crypto bankruptcy filings: From 3AC to BlockFi
Just as the aftermath of the Terra crash in May triggered the downfall of some of the biggest crypto companies over the past six months, FTX’s unraveling may kick off a new wave of bankruptcy fi...
Crypto lender Ledn lays off chief commercial officer in latest industry job cuts
Crypto lender Ledn has laid off several employees amid the crypto crunch. “Several colleagues and myself were laid off at Ledn. This is my first time I got laid off,” Guido Pettinari...
FTX making non-U.S. vendor payments, depositing salaries
FTX Trading and approximately 101 additional affiliated companies said most subsidiaries are resuming ordinary course payments of salaries to employees worldwide and ordinary course payments to certai...
The Block: Bitcoin mining stock report: Monday, November 28
Most bitcoin mining stocks tracked by The Block traded lower on Monday, continuing a longer-term trend. Bitcoin was trading at around $16,200 by market close, according to data from TradingView...
Lummis casts doubt on Bankman-Fried-backed bill, plugs own solutions
In light of the FTX collapse, Sen. Cynthia Lummis, R-Wyo., sees a brighter future for her signature crypto legislation in the next congressional session. While noting that little action in Congr...
With rail strike looming, tech companies reroute chips to trucking
A container delivery truck heads for one of the terminals at the Port of Long Beach in Long Beach, California. Frederic J. Brown | AFP | Getty Images Technology companies supplying critical semiconduc...
Game7 allocates $100M in open-source technology grants for Web 3.0 gaming companies
On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told by the Game7, distributions wil...
Analysis of BlockFi’s Chapter 11 Bankruptcy Filing
November 28, 2022, 1:07PM EST • 1 min read Quick Take November 28, 2022 BlockFi files for Chapter 11 Bankruptcy Protection BlockFi estimates there will be funds left over to distribute to the more tha...
Stardust Company Intelligence
November 28, 2022, 11:16AM EST • 29 min read Quick Take Founded in 2018, Stardust enables game developers to easily create and manage NFTs within their game without the need for any blockchain code St...
Crypto lender BlockFi files for bankruptcy protection
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection. According to the firm’s bankruptcy petition, BlockFi has claimed more than 100,000 creditors as well as between $1 bil...
Ready to trade? Fidelity finally opens retail crypto accounts
Fidelity has opened up retail crypto trading accounts after first announcing a waiting list earlier this month. “The wait is over,” the investment powerhouse said in an email Monday ...
Buy Valero And Interpublic Group Of Companies
Photo by Spencer Platt/Getty Images Getty Images The relative strength/seasonality screen applied to the sectors tells us that energy is top-ranked for December. Valero is number one in the energy sec...
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
Elon Musk Email Was Old News. He Still Likes His Advice For Managers.
Tesla CEO Elon Musk looked to have some welcome news for investors. But it was old news. All that investors can take away from a Saturday tweet is Musk doesn’t like a lot of meetings. An email from Mu...
A ‘false messiah’ captivated crypto, Jump’s Kariya says in FTX tweetstorm
Jump Crypto’s president Kanav Kariya says a “false messiah captivated an audience broader than ever before,” alluding to FTX’s disgraced ex-CEO Sam Bankman-Fried and speaking a...
Indian Crypto Companies’ Response to the FTX Collapse
The quick downfall of FTX with an $8-10 billion deficit in its balance sheet has left the broader cryptocurrency market reeling under its cascading effects. Besides Proof of Reserves (PoR) and Reserve...
Where to Get Yields of 10% and Up, if You Can Stomach a Little Risk
The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to th...
U.S. Companies In China Worried Covid Surge Will Damage Prospects After Upbeat G20 Meeting
American Chamber of Commerce in Shanghai Chairman Sean Stein Sean Stein U.S. companies in China are worried that a surge in Covid cases in the country will hurt consumer and investment spending right ...