Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round. Credit Suisse, Switzerl...
Tag: Companies
Magic Eden lays off 22, about 15% of staff in latests workforce cuts
Magic Eden laid off 22 people as companies across the industry cut staff amid industry-wide cuts. That amounts to about 15% based upon the 141 employees listed on LinkedIn. Magic Eden is the lat...
As bitcoin miners prep for earnings season, all eyes are on treasuries and deployments
With fourth-quarter earnings for bitcoin miners starting, industry experts are closely watching how companies plan to deploy hardware and manage their treasury going forward. 2022 was a lesson i...
Tether dominates Brazil as bitcoin, ether fall out of favor
In a country where economic instability is as common as coconuts, Brazilians appear to favor the stablecoin tether as their cryptocurrency of choice. The federal tax authority, which compiles data fro...
The Block: Bitcoin mining report: Feb. 13
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with four gaining and 13 declining. Bitcoin fell 1.5% to $21,653 by market close. Here is a look at how the individu...
Circle warned regulator about rival Binance stablecoin last year, Bloomberg says
Circle filed a complaint with the New York State Department of Financial Services last year over rival Binance’s “mismanagement of reserves” for its own tokens, Bloomberg News report...
Coinbase CEO visits Washington, D.C. in push for regulatory clarity, less sugar
Coinbase CEO Brian Armstrong said he was in Washington, D.C. today in a push for clearer rules amid rising uncertainty in the sector following enforcement actions this month against Kraken and Paxos. ...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Here are five companies to pick if Goldman Sachs is right about the stock market being flat in 2023
Hearts, flowers and CPI data. Get ready for Tuesday. And hell hath no fury like a disappointed Wall Street. The last time CPI let the markets down — last September — stocks melted down like chocolate....
Bakkt exits consumer business to focus on B2B as regulators crack down
Bakkt is nixing its consumer app to focus on its business-to-business technology solutions. Bakkt, which offers a platform for commerce to link to cryptocurrency, said it will continue its core ...
Paxos will no longer issue Binance USD stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block. “Pa...
Consumer Federation of California reattempts to regulate crypto companies
The Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to license and regulate the activities of cryptocurrency exchang...
US government partner Mitre is hiring a web3 economist
Not-for-profit U.S. government partner Mitre is seeking a new economist to help analyze and evaluate the web3 ecosystem, according to a job advertisement posted to LinkedIn. The job advert calls...
Coinbase CEO happy to go to court over US stance on staking, ‘if needed’
Coinbase CEO Brian Armstrong has stepped up what looks like a preemptive defense of his cryptocurrency exchange’s staking services.“Coinbase’s staking services are not securities. We will ...
Crypto firms are busy adding executive talent, with several recent notable hires
Crypto firms are busy hiring executive talent, especially in the venture space. Layoffs have been in the headlines since last June, yet some firms have continued to add talent where needed. Her...
Who Will Win the Super Bowl This Year? Sports Betting Apps Might Be the Champs.
The first U.S. sports-betting operations are moving toward profitability after a period out of favor with investors. Feb. 11, 2023 12:01 am ET Fans will flood into Phoenix on Sunday to watch Super Bow...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
Brazil’s oldest bank says you can now pay your taxes with crypto
Banco do Brasil, the South American country’s oldest bank, says it’s now possible to do what many blockchain enthusiasts have long wanted — the ability to pay the taxman in crypto. T...
SEC Chair Gary Gensler Warns Crypto Companies
After the United States Securities and Exchange Commission revealed that it had reached a settlement with the cryptocurrency exchange Kraken, the chair of the SEC, Gary Gensler, issued a warning to cr...
Bitcoin, ether are flat after days of declines
Both bitcoin and ether were flat on Saturday in a calm start to the weekend after several days of declines. The two cryptocurrencies fell over the past week amid the U.S. Securities and Exchange Commi...
Binance says it’s adjusting Tron network withdrawal fees to previous levels
Binance, the leading crypto exchange by trading volume, said Saturday that it had reverted withdrawal levels on the Tron network to previous levels after feedback from the community. “Bina...
This Is Only Way Crypto Companies Will Survive
Kraken SEC News: The crypto market is once again, and out of nowhere, in the middle of regulatory pressure with Kraken’s settlement with the SEC. This came only days after another crypto exchange Bina...
Only 13 companies have issued upbeat profit forecasts for Q1, but earnings are due from this pessimism-resistant industry
A tough fourth quarter for corporate earnings is largely in the past, and the first quarter isn’t exactly looking great either, but upcoming results this week from the one industry spared by the pande...