Deals • February 28, 2023, 9:00AM EST A regulated decentralized finance (DeFi) platform for institutions, Hashnote, launched after a $5 million incubation with early stage blockchain investor Cumberla...
Tag: Companies
SEC served subpoena to Robinhood shortly after FTX debacle
The U.S. Securities and Exchange Commission subpoenaed trading app and brokerage Robinhood over its cryptocurrency services, the company disclosed in an annual financial filing posted on Monday. ...
Voyager agrees to reserve $445m after suit from Alameda Research
Legal • February 27, 2023, 6:06PM EST Published 1 hour and 30 minutes earlier on Defunct crypto lender Voyager Digital agreed to reserve $445 million after the firm was sued by bankrupt trading firm A...
Voyager transferred $154 million USDC off Coinbase this month, Arkham Intelligence says
On-chain data shows that Voyager’s assets are on the move amid the company’s bankruptcy proceeding. Around $154.4 million in USDC was transferred to the shuttered exchange’s &#...
DCG reported loss of $1.1 billion in 2022, CoinDesk says
Digital Currency Group said it lost $1.1 billion last year amid falling crypto prices and the restructuring of its Genesis lending platform, CoinDesk reported. “In addition to the negati...
Bitcoin mining report: Feb. 27
Bitcoin mining stocks tracked by The Block were mixed on Monday, with eight gaining and the other 11 declining. Bitcoin fell 1.3% to $23,326 by market close. © 2023 The Block Crypto, Inc. All Rights R...
Crypto companies prepare for a “devastating moment” in the US, as Europe draws near
Join Our Telegram channel to stay up to date on breaking news coverage In their escalating conflict with US authorities, cryptocurrency advocates now have a new weapon: Europe wants their business. As...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Vauld gets yet another creditor protection extension until March 24
Published 40 minutes earlier on Asian crypto lender Vauld received a further extension to its legal protection from creditors at a Singapore High Court hearing on Monday — albeit a shorter delay than ...
BitFlyer’s ex-CEO vies for former role: Bloomberg
Yuzu Kano, the co-founder of Japanese crypto exchange BitFlyer, is reportedly planning to retake his old position as chief executive officer of the firm, according to a Bloomberg report. Kano’s ...
Warren Buffett’s Berkshire Posts Fourth-Quarter Earnings Fall
Berkshire Hathaway operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by a drop in profits at the company’s railroad business and a decline in the U.S. dollar. Exc...
Warren Buffett Muses on Berkshire Hathaway’s Future in Annual Letter
Berkshire Hathaway CEO Warren Buffett is looking to shape the company for when he’s gone. At a time when other famous conglomerates like General Electric (ticker: GE) are splitting up into multiple mo...
How the Ohio Derailment May Power a Company With Deep Roots in Train Safety
Derailments have plagued trains since their invention, sometimes driving change. This past week, Transportation Secretary Pete Buttigieg responded to the Feb. 3 Norfolk Southern derailment and toxic s...
For Nvidia Stock, It’s Game On!
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Pharma companies team up with DeSci to accelerate scientific research
Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutic...
Some companies are already replacing workers with ChatGPT, despite warnings it shouldn’t be relied on for ‘anything important’
In the 10 or so days since its grand entrance, ChatGPT has been everywhere: littering Twitter feeds, cluttering promotional emails, igniting ethical debates in schools and newsrooms, infiltrating dinn...
STX is bright spot while bitcoin, ether stagnate with market
Both bitcoin and ether declined on Saturday, continuing downward momentum after another week of macroeconomic uncertainty and ongoing jitters on the regulatory front. Both cryptocurrencies fell 6.4% o...
Lido Finance reports largest ever daily stake inflow with more than 150,000 ETH staked
Lido Finance said Saturday that it saw the largest daily stake inflow ever on the protocol, with over 150,000 ether worth almost $240 million staked. “Upon reaching this number, a curious ...
Companies Shrink Dividends as Executives Shift Gears on Spending
(Bloomberg) — Faced with declining earnings and heavy debt loads, companies are reducing dividend payments to shareholders to improve the health of their balance sheets. Most Read from Bloomberg...
Mining difficulty up 9.95% with more machines coming online amid recent rally
Bitcoin’s mining difficulty has increased by 9.95% after the latest adjustment, according to an update posted Friday on BTC.com. More machines have been coming online, likely due in part t...
Bitcoin mining report: Feb. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with a total of 18 companies seeing their share prices decline. Bitcoin fell 3.1% to $23,213 by market close. © 2023 The Block C...
Bankman-Fried asks court for more time to negotiate bail
Legal • February 24, 2023, 3:35PM EST Sam Bankman-Fried wants more time to negotiate his bail terms. The former FTX executive’s lawyers filed a letter on Friday requesting that a federal judge g...