Ad Bankrupt crypto lender BlockFi has asked the court to dismiss a bankruptcy case filed by Sam Bankman-Fried’s (SBF) Emergent Technology company over a tussle to control 55 million Robinhood shares. ...
Tag: Company
Terraform Manipulates: SEC Charges Do Kwon’s Company for Fraud
The SEC charged Terraform Labs and Do Kwon alleging that the company has been involved in fraud. The Commission told that the platform had been marketing the crypto assets through manipulation. Gary G...
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin News
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative develop...
Coinbase Already in Line With SEC Proposal, Argues Company CLO
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds. The push for this change in legislation is due to the recent failures of crypto platf...
Boeing Stock Positioned For Profit As Company Announces $34 Billion Air India Deal
Boeing (BA) announced an agreement sell more than 200 aircraft to Air India Tuesday morning. The $34 billion deal is one of the largest in the aircraft maker’s history. Boeing stock, a Dow Jones...
Magic Eden Sacks 22 Employees As Company Restructures – Here’s Why
Many crypto firms are now restructuring to improve results after the 2022 crypto winter. For instance, Magic Eden and Coinbase laid off staff to cushion the effects of the crypto winter. Other firms t...
UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries – Bitcoin News
Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership ...
Paxos Trust Company Disagrees With U.S. Securities
Paxos Trust Company has issued a statement in which it “categorically disagrees” with the United States Securities and Exchange Commission’s characterization of Binance USD (BUSD) as...
How This Company “Snitched” On Binance To Get An Advantage
Per a report from Bloomberg, crypto exchange Binance’s recent issues with U.S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the Ne...
Beyoncé Backed Hydration Company, Lemon Perfect, Bags Nearly $37 Million In Latest Funding Round
Yanni Hufnagel is the founder and CEO of Lemon Perfect. Lemon Perfect Lemon Perfect, has raised another $36.8 million in its latest equity deal, according to an SEC filing, just one year after the Atl...
DraftKings CEO explains what Super Bowl means for the company
DraftKings Inc (NASDAQ: DKNG) has been a story of sheer strength in recent weeks and that strength, as per its chief executive, will only continue moving forward. Super Bowl will be a big event for DK...
Paxos Trust Company is Under Scrutiny: NYDFS Investigates
Paxos Trust Company is under the scrutiny of the New York Department of Financial Services. A person familiar with the matter told that the reason for the probe is still unclear. NYDFS told that the d...
Dynavax (DVAX): Biopharmaceutical company to float Q4 report soon
The company is to release its Q4 report on the earnings day on February 23, 2023. Vanguard Group has increased its stake in the company by 3.60%. Dynavax Technologies Corp. is a biopharmaceutical c...
Company will cut 1,250 positions in 2023
Pedestrians walk past the News Corporation headquarters building in New York. Michael Nagle | Bloomberg | Getty Images News Corp. said Thursday it will cut about 1,250 positions, or 5% of its workforc...
Bob Iger Moving Quickly To Get Walt Disney Company Back On The Right Track
Photo by Charley Gallay/Getty Images for Disney Getty Images for Disney Shares in Walt Disney Corp. opened at $118.04 today, an increase of 5.6% over yesterday’s close of $110.78 after returning CEO B...
Hut 8 Mining Company to Merge with US Bitcoin
Hut 8 Mining, a Canadian company that mines cryptocurrencies, has announced publicly their desire to merge with US Bitcoin to become Hut 8 Corp., often referred to as “New Hut.” Hut 8 Mini...
India’s entertainment company, Shemaroo, to launch NFT marketplace on Polygon
Shemaroo, India’s premier media and entertainment company, will launch its NFT marketplace Virtasy.io on Polygon. The marketplace will offer NFTs from iconic Bollywood films, including images, movie c...
Microbial Immunotherapy Company Prokarium Raises $30M On Heels Of Ginkgo Bioworks Partnership
Prokarium CEO Kristen Albright. Prokarium When one hears the word Salmonella, the immediate association might be food poisoning, or even eggs; for BCG vaccine, the pair would usually be tuberculosis. ...
Affirm Stock Drops. Company Slashes 19% of Jobs After Earnings Miss.
Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after missing expectations for both its second fiscal quarter and its immediate outlook. Founder and CEO Max Levchin sai...
Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market
choja | E+ | Getty Images The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of th...
Affirm earnings: What to expect from the buy-now-pay-later company
After robust growth for buy-now-pay-later services in the prior holiday season, Affirm Holdings Inc. is still expected to have increased its top line in the most recent December quarter, but at a much...
Laos starts digital currency tests with Japan blockchain company
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Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company
The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for thei...
Anthony Scaramucci says his experience with FTX and ‘sociopathic’ founder SBF was ‘extremely disappointing.’ He’s now investing in a company run by a former exec of the imploded exchange
Wall Street veteran Anthony Scaramucci was badly burned by the downfall of crypto exchange FTX and its disgraced founder Sam Bankman-Fried—but he isn’t letting it deter him from the cryptocurrency ind...
Leading Web3 Infrastructure Company Chainstack Hires Cloud Infrastructure Guru as CEO
SINGAPORE–(BUSINESS WIRE)–#Web3forAll–Chainstack, the leading suite of services connecting all developers with web3 infrastructure, just made a massive power play and hired Jan-Jaap (JJ) Jager as thei...
Bitcoin mining company Layer1 caught up in internal legal battle
Layer1 Technologies CEO John Harney and DGF Investments Inc. have filed a lawsuit against Jakov Dolic and Tobias Ebel, the other board members of the bitcoin (BTC) mining firm for allegedly looting th...
Dogecoin (DOGE) Offshoot Flagged as Scam by IT Security Company
Alex Dovbnya Check Point Research (CPR) has issued a warning to potential Dingo investors Check Point Research (CPR), an IT security company, has raised concerns about the Dingo (DINGO) token. The Dog...