Bankrupt hosting provider Compute North’s liquidation plan was approved by a judge with the U.S. Bankruptcy Court for the Southern District of Texas. While the company has already sold a m...
Tag: Companies
TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin
DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin. Binance minted 49.99 million TRU at around 10 a.m. EST today, ...
Bitcoin mining report: Feb. 16
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with eight gaining and the other 11 declining. Bitcoin rose 1.6% to $24,477 by market close. Here is a look at how the individual min...
Binance transferred $400 million from U.S. partner to Zhao-run firm, Reuters says
Binance secretly had access to a bank account of its U.S.-based partner and transferred more than $400 million from that account to a trading firm managed by Chief Executive Officer Changpeng Zhao, Re...
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Image...
CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500
Bitcoin miner CleanSpark bought 20,000 more mining machines, bringing the total count of its bear market spending-spree purchases to over 46,500. The company expects to pay $32.3 million for the...
The Block: US regulators may spell Armageddon for crypto, but they’re not wrong: Compound’s Leshner
Recent crackdowns by U.S. regulators in the crypto industry are a “planned set of product takedowns” and risk annihilating the young market, Compound Labs founder Robert Leshner said. They’re not wron...
Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter end...
Bitcoin mining report: Feb. 15
Bitcoin mining stocks tracked by The Block were higher on Wednesday, with 18 gaining and one declining. Bitcoin rose 8.6% to $24,070 by market close. Here is a look at how the individual miners perfor...
Robinhood cryptocurrency trading volume jumps 95% in January
Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month. Notional Trading Volumes — which are the primary driver of transaction revenues — wer...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
Stanford University’s Larry Kramer and Andreas Paepcke co-signed Sam Bankman-Fried’s bond
A pair of Stanford University academics co-signed FTX founder Sam Bankman-Fried’s bond, according to court documents unsealed on Wednesday. Larry Kramer, dean emeritus of Stanford Law School, s...
Judge denies request for FTX bankruptcy examiner
A judge denied a request to appoint an independent examiner in FTX’s bankruptcy case, noting that one would be too expensive when multiple investigations into the troubled crypto exchange are underway...
Senate Republican drafting proof-of-reserve legislation
Policy • February 15, 2023, 10:46AM EST Published 16 hours and 30 minutes earlier on Sen. Thom Tillis, R-N.C., is drafting legislation to require digital asset exchanges and custodians operating in th...
Conflux token jumps over 40% following partnership with China Telecom
Conflux Network partnered with China Telecom, the country’s second-largest telecom provider, to develop blockchain-enabled SIM cards. Its native CFX token soared on the news. The telecom...
The Block: Bitcoin mining report: Feb. 14
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and three declining. Bitcoin rose 2.7% to $22,232 by market close. Here is a look at how the individual m...
Bankruptcy court restricts KeyFi founder Jason Stone in Celsius case
KeyFi founder Jason Stone and others involved with the staking firm are barred from transferring or disposing of most property tied to the Celsius bankruptcy case, according to a temporary restraining...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
George Soros Snapped Up Tesla, Peloton, Crypto Stocks. What He Dumped.
Tesla and Peloton were on George Soros’s shopping list in the fourth quarter of last year, as he also took new positions in Carvana General Motors and crypto names, while dumping Zoom and Twitter Sor...
Coinbase, JP Morgan relationship intact amid regulatory crackdown: Sources
Rising regulatory scrutiny isn’t coming between Coinbase and one of its banking partners, JPMorgan Chase. The cryptocurrency exchange and the Wall Street stalwart are sticking together am...
Bankman-Fried banned from using VPN, bail arguments set for Thursday
A judge banned Sam Bankman-Fried from using a VPN after the former FTX boss said he used a private network to watch the Super Bowl while under house arrest. “The defendant’s use of a VPN present...
Armistice Capital reports 9.9% stake in miner Stronghold Digital
Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing. The fund had an existing stake in the company, but it̵...
Susquehanna Advisors Group buys 7.5% stake in Silvergate, following Citadel Securities
Susquehanna Advisors Group reported a 7.5% stake in crypto-friendly bank Silvergate Capital. The Pennsylvania-based finance firm bought over 2.36 million shares in Silvegrate, a filing showed. S...
Bankman-Fried used VPN to watch Super Bowl, will stop using private network until bail is settled
Former FTX CEO Sam Bankman-Fried used a VPN to watch the Super Bowl, but he has agreed to stay away from the tech until his bail terms are settled, Bankman-Fried’s lawyer wrote in a court filing on Tu...
Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise
Shares in Silvergate Capital jumped after market maker Citadel Securities reported a 5.5% stake in the crypto-friendly bank. Ken Griffen’s firm now owns over 1.7 million shares in the La J...
Serious about your crypto project? Binance’s CEO says you should move.
Binance CEO Changpeng Zhao suggested crypto entrepreneurs might need to move to a country more favorable to cryptocurrencies and digital assets amid what appears to be a growing crackdown by U.S. regu...
Former Jump Trading developers raise $19 million to build Monad blockchain
Monad Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemni...