Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 25. Bitcoin was trading at about $16,513 at the time of market close. The stocks down the most were...
Tag: Companies
Argentina’s Ripio sets up shop in Florida in first U.S. move
Ripio, a Buenos Aires-based crypto exchange, is opening in Florida — its first foray into the U.S. The firm, which has 4.5 million users and is going on a decade in business, has received regula...
To Maintain Carbon Neutrality New York Governor Banned Bitcoin Mining Companies
As the world is moving towards carbon neutrality, the administrations of several nations are taking decisions wisely to reduce greenhouse gas emissions. In the recent G20 summit, the United States rea...
Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year
Binance CEO Chanpeng Zhao said the industry is in a “healthier” place after a “nasty” 2022, and he expects better thing in 2023. “I would expect recovery,” Zh...
FTX Collapse Hurts Confidence, These Companies Will Profit
The collapse of the second crypto exchange, FTX, may become one of the most traumatic episodes for the nascent asset class. However, as is often the norm in financial markets, the losses for one party...
Binance releases proof-of-reserves system, starting with bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. This comes just weeks after rival exchange FTX collapsed, aft...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
Lemon Cash CEO expects more fintech layoffs in LatAm amid its own: Exclusive
Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region. Several other Latin America-based crypto companies have announc...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Binance targets $1 billion for ‘industry recovery fund’
Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced “industry recovery fund.” CEO Changpeng “CZ” Zhao discussed the plan on B...
Oil-Based Companies Are Using Blockchain Technology, But Why?
Technological computing and storage capabilities have allowed highly detailed information on oil and gas wells to be collected, managed, and shared. Buy and sell bitcoin at competitive market rates wi...
The Companies Forced to Give 90% of Their Profits to Investors Each Year
In 2017, business magnate Warren Buffett did something that’s somewhat unusual for him. He poured hundreds of millions of dollars into a real estate investment. Buffett has been dismissive of real est...
FTX asks court to let BitGo safeguard its assets during bankruptcy
FTX notified a federal judge that it wants BitGo to safeguard its remaining digital assets as bankruptcy proceedings play out. A custodial services agreement with BitGo was signed Nov. 13, appro...
The Block: Bitcoin mining stock report: Wednesday, November 23
Most bitcoin mining stocks tracked by The Block traded higher on Wednesday, some by double digits. The spike took place after Gov. Kathy Hochul signed a partial cryptocurrency mining ban into New York...
Sam Bankman-Fried says he’ll speak at New York conference
FTX founder Sam Bankman-Fried, who’s mostly kept to making statements on Twitter amid the collapse of the crypto exchange he once ran, said he’d be speaking with New York Times columnist A...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Japan’s central bank to issue experimental digital yen in early 2023
The Japanese central bank will begin experiments with a proof-of-concept digital yen early next year, Nikkei reported. The Bank of Japan will work with several unnamed financial institutions to...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...
BlockFi puts client loans into forbearance, email shows
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. “At this time, clients do not have the ability to post new funds to BlockFi...
The Block: Bitcoin Mining Stock Report: Tuesday, November 22
More than half of the bitcoin mining stocks tracked by The Block increased, while others declined by double digits. TeraWulf’s stock declined by 16% and Core Scientific’s stock fell...
Coinbase survey shows 62% of investors increased allocations
A Coinbase survey found that crypto winter may not be as cold as expected. The 2022 Digital Assets Outlook Survey shows that 62% of investors who are currently invested in crypto increased their...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...
Tickets on the Orient Express are sold by two companies
The “Orient Express” has been called the “king of trains” and the “train of kings.” Royalty, writers, actors and spies have ridden the original route between Paris ...
Binance CEO met with Abu Dhabi investors about industry recovery fund: Bloomberg
Binance CEO Changpeng “CZ” Zhao met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, Bloomberg News reported, citing sources. Zha...
FTX, Bankman-Fried’s parents bought Bahamas property worth $121 million: Reuters
FTX, the now-bankrupt crypto exchange operator, its founder Sam Bankman-Fried’s parents and the firm’s senior executives bought at least 19 properties worth about $121 million in the Baham...
Netherlands man arrested for allegedly laundering money with bitcoin
A man in the Netherlands was arrested for allegedly laundering money using bitcoin. Prosecutors claim there were links to trading on the dark web. The 42-year-old man, from the municipality of M...
Gemini is working with Genesis and DCG on solution for Earn redemptions
Gemini said it is working with Genesis and Digital Currency Group in an effort to find a solution that will allow users to redeem their funds from the crypto exchange’s Earn product. Gemin...