Blockchain software company ConsenSys has laid off about 11% percent of its staff. The round of cuts affected a total of 96 employees, the firm said in a statement on Wednesday, confirming repor...
Tag: Crypto infrastructure
Bitcoin rises slightly as crypto stocks surge in rally led by Coinbase, Hut 8
Bitcoin rose slightly by the U.S. close as crypto-related stocks ended the day largely higher in a rally led by Coinbase and Hut 8. The largest cryptocurrency by market capitalization rose about...
The Block: Bitcoin mining report: Jan. 17
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 17 gaining and the other two declining. Bitcoin rose slightly to $21,317 by market close. Here is a look at how the ...
Bit Mining up 51% after launch of new Litecoin, Dogecoin mining machine
Bit Mining jumped about 51% as most mining stocks rallied along with bitcoin, which has been trading above $21,000 after two months in the $17,000 range. The company announced a new litecoin and...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Diva closes $3.5 million seed round for distributed liquid staking protocol
A handful of protocols and exchanges currently dominate the Ethereum staking scene. Diva recently closed a $3.5 million seed round led by A&T Capital to change that, with plans to build out a coop...
Bitcoin mining difficulty jumps 10%, its biggest move since October
Bitcoin’s mining difficulty metric has risen just over 10%. The mining difficulty — which determines how hard it is to create the next block of transactions — reset just after 4 p.m. ET, f...
The storm has passed, but bitcoin mining difficulty is about to blow through the roof
Bitcoin miners are bracing for a massive jump in difficulty this weekend. The increase could land somewhere around 10%, according to estimates from BTC.com, Bitrawr, Luxor and Braiins. Numbers c...
Alameda lost $1 million in liquidations: report
Troubled crypto trading firm Alameda Research lost over $1 million in assets from liquidation last night, according to a report from the crypto intelligence firm Arkham. The account initially he...
The Block: Bitcoin mining report: Jan. 13
Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 13 gaining and the other 5 declining. Bitcoin rose 5.2% to $19,827 by market close. Here is a look at how the ...
Celsius sells bitcoin mining machines for $1.3 million
The bitcoin mining arm of bankrupt crypto lender Celsius is selling machines worth $1.3 million. The firm is letting go of nearly 2,700 “new-in-box” MicroBT M30S units, according to ...
Bitfarms seeks to avoid BlockFi loan default with renegotiation
Bitfarms is seeking to modify a loan with BlockFi to avoid default as the value of equipment plummets. Last year, Bitfarms’ Backbone Mining Solutions entered into a $32 million equipment financi...
Crypto.com cuts 20% of workforce amid sector-wide layoffs
Crypto.com, the Singapore-based crypto wallet and payments firm, is laying off 20% of its global workforce. The company announced the news in a blog post published today. Kris Marszalek, the fi...
Wyre lifts 90% customer withdrawal limit after securing new funding
Wyre secured a new source of funding, allowing it to drop its recently introduced 90% customer withdrawal cap, the company said on Twitter today. “We’re excited to share that today we received f...
The Block: Bitcoin mining report: Jan. 12
Bitcoin mining stocks tracked by The Block were higher on Thursday, with all 19 gaining. Bitcoin rose 7.5% to $18,857 by market close. Here is a look at how the individual miners performed...
Potential Coinsquare and WonderFi merger in advanced talks
Two of Canada’s largest exchanges, Coinsquare and WonderFi, are in advanced merger talks, BNN Bloomberg reported, citing sources. If the deal goes through, the merged company would become...
Bitcoin miner Iris Energy revenue falls 27% in December
Bitcoin mining firm Iris Energy reported that its operating revenue declined 27% in December compared to the previous month to $2.1 million — reflecting the first full month of operations after termin...
The Block: Bitcoin mining report: Jan. 11
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $17,559 by market close. Here is a look at how ...
3AC’s Kyle Davies claims creditors ‘frustrated’ with bankruptcy process
Three Arrows Capital’s co-founder Kyle Davies claimed that the firm’s creditors are “frustrated” with the ongoing bankruptcy process. They complained about high costs, de...
The Block: Bitcoin mining report: Jan. 10
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and the other three declining. Bitcoin rose 1.3% to $17,459 by market close. Here is a look at how the in...
The Block: Bitcoin mining report: Jan. 9
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and the other one declining. Bitcoin rose 1.6% to $17,234 by market close. Here is a look at how the indiv...
Bitcoin over $17,000 pushes miners higher
Bitcoin mining stocks jumped as the cryptocurrency rallied above $17,000. Crypto-related stocks and traditional markets were also higher. Bitfarms rose by 32%, while Marathon gained 24% and Riot...
Core Scientific increases bitcoin production despite winter storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm. The company’s self-mining hashrate incr...
Genesis cuts 30% of staff in latest round of layoffs
Genesis Trading begun a new round round of layoffs, reducing its workforce by 30%, a source familiar with the matter told The Block. “As we continue to navigate unprecedented industry cha...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
Bitcoin mining difficulty down 3.6% while revenue pops 0.9% in December
Bitcoin mining difficulty is down 3.6%, following a winter storm that led a number of miners to power down. The update was posted in the early hours of Tuesday, according to BTC.com. Diffi...
Bitcoin miner Riot Platforms drops ‘blockchain’ in rebrand
Riot Blockchain, one of the largest bitcoin miners in the industry, is rebranding its name to Riot Platforms to reflect the company’s diversified business operations, it said in a statement on T...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
Gemini’s Winklevoss, DCG’s Silbert spar over frozen funds on Genesis
Gemini co-founder Cameron Winklevoss accused Digital Currency Group head Barry Silbert of “bad faith stall tactics” and comingling funds at his conglomerate in a pointed open letter posted...