Pennsylvania Senator Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gru...
Tag: Companies
Jumbled economic booms and busts mean companies ‘can’t really plan,’ Jim Cramer warns investors
CNBC’s Jim Cramer on Thursday advised investors to accept that companies will most likely continue struggling to plan for the future as they adjust to quick, constantly-evolving changes in the e...
Big Tech and Finance Invested $6B in Blockchain Companies This Year
Google’s parent company, Alphabet, has invested $1.5 billion in projects related to the blockchain industry, a report shows. According to the latest Blockdata research, Alphabet has been involved in ...
Google Is Putting Big Money Into Crypto Companies And Startups ⋆ ZyCrypto
Advertisement     Alphabet Inc., one of the world’s largest conglomerate companies, appears to be investing more in blockchain than the crypto community realizes. Reta...
Genesis CEO Michael Moro steps down from role effective immediately
Genesis Trading’s chief executive officer Michael Moro is no longer with the cryptocurrency firm, according to a release shared on Wednesday. Effectively immediately Michael Moro is stepping do...
BTG Pactual confirms official launch of Brazil crypto platform
Latin America investment bank BTG Pactual confirmed that its crypto trading platform Mynt is officially available to the public, adding yet another layer of competition in the Brazilian market for fin...
Mining Companies Sell off Coins and Gear to Recoup Losses
A series of impairment charges contributed to a $1 billion second quarter loss for the largest publicly-traded Bitcoin mining companies in the United States. In the three months ending June 30, Core S...
FDIC Accused of Blocking Crypto Companies’ Access to Banks
Whistleblowers in Senator Pat Toomey’s office have accused the Federal Deposit Insurance Corporation (FDIC) of stifling banks in their efforts to expand on crypto work. Federal regulators may have tak...
CoinFund Looking for Promising Web3 Companies After $300M Raise
“Our goal with this fund is to assemble a portfolio with a mix,” Pakman said Layer-1s, DeFi, NFTs, gaming and Web3 infrastructures are just a handful of promising investment areas, according to Pakman...
Google invested $1.5 billion in blockchain companies
According to a recent report by specialized blockdata analyst firm Alphabet, Google‘s proprietary company is the company that has invested the most in crypto companies from September 2021 to June 2022...
Why Google Invested $1.5 Billion In Crypto-Focused Companies
According to a report from research firm Blockdata, Google’s parent company has been actively investing in the crypto space. The big tech giant and other major corporations in the legacy financial sys...
Celsius CEO ‘took control’ of trading strategy in January and clashed with staff: FT
Celsius CEO Alex Mashinsky “took control” of the firm’s trading strategy in January on a hunch that the US Federal Reserve would raise interest rates, according to a report by the Financia...
Google invested a whopping $1.5B into blockchain companies since September
Google parent company Alphabet poured the most amount of capital into the blockchain industry compared to any other public company, investing $1.5 billion between Sep. 2021 and Jun. 2022, a new report...
US Regulator ‘Improperly’ Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
“According to whistleblower communications that we have corroborated, personnel in the FDIC’s Washington, D.C. headquarters are urging FDIC regional offices to send letters to multiple banks req...
Ripple Recognized as One of America’s Fastest-Growing Private Companies
Alex Dovbnya Ripple, BlockFi and Distributed Ledger are only crypto companies on list San Francisco-based blockchain company Ripple has been recognized as one of the fastest-growing companies in Ameri...
TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’
Blockchain analytics firm TRM Labs says that the Tornado Cash sanctions present new problems for crypto firms trying to comply with US regulations. TRM Labs provides information to crypto entities suc...
Major Brazilian broker XP opens crypto trading platform
Major Brazilian broker XP is the latest financial firm in the country to offer its customers the ability to trade crypto, with its platform Xtage launching today. XP executives rang the opening bell ...
BitGo says it will seek over $100 million after Galaxy moves to end acquisition
BitGo has hit back against Galaxy Digital, which announced earlier Monday the termination of its plan to acquire the crypto custody firm. In a statement shared with The Block, BitGo said it “int...
Federal Reserve Issues Final Guidelines for Crypto Companies Looking to Open Master Accounts
The United States Federal Reserve issued final guidelines that will be used to evaluate crypto company requests for master accounts. The United States Federal Reserve has issued a final guideline to c...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
Berkshire 13F: Buffett Likely Bought Apple, Chevron, and Occidental Stock
Text size CEO Warren Buffett and his investment lieutenants didn’t buy as much stock in the second quarter as they did in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
S&P 500: One Investor Is The Largest Owner Of Two-Thirds Of U.S. Companies
Want to know who owns Corporate America? It’s not Bill Gates or Elon Musk. It’s Vanguard. X Thanks to the surging popularity of its index funds, Vanguard is now the No. 1 owner of 330 stoc...
AMMO stock tumbles after plan to separate into 2 publicly traded companies
Shares of AMMO Inc. POWW, -13.80% tumbled 10.1% in morning trading Monday, after the online guns seller announced a plan to separate into two publicly traded companies, one that includes its firearms ...
Crypto Companies Raising Funds to Purchase Oil and Gas Exploration Blocks in the DRC
The Democratic Republic of Congo is offering crypto firms an opportunity to bid for oil and gas exploration areas. This auction comes as western governments desperate to shore up additional oil produc...
Stocks Poised to Open Lower on Monday
Stocks are poised to open lower on Monday ahead of a big week of retailer earnings. Angela Weiss/AFP via Getty Images Text size U.S. stocks are poised for a lower open on Monday as investors prepare t...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
McDonald’s races to hire over-50s as companies seek to lure retirees back to work
McDonalds McDonald’s has kicked off a recruitment drive to hire more over-50s, amid a scramble by businesses across the country to fill jobs with retirees. The fast-food behemoth is among companies la...
Skynet Labs to shut down after failing to raise funds
Skynet Labs, a Boston-based blockchain company formerly known as Nebulous, said it is shutting down because it cannot raise more funds. The company, which had raised $9.6 million in seven funding rou...
DraftKings Is a Buy Ahead of NFL Season, Analyst Says
Text size DraftKings lifted its forecast earlier this month. Angus Mordant/Bloomberg Sports betting app DraftKings is a stock that investors should own heading into pro football’s regular season, Roth...