BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16. A report from the news publication quotes a BDO repre...
Tag: Firm
Prominent Auditing Firm Mazars Stops Services For Crypto Sector
Binance, KuCoin, and Crypto.com are some of the companies that have used the service. CZ has previously said that audit firms are hesitant to engage with crypto companies. Binance, a cryptocurrency ex...
Mining Firm Core Scientific’ Stock Surges 2x Post $72M Funding
34 seconds ago | 2 mins read Bitcoin News Since January 2022, the NASDAQ-listed company’s stock has dropped by over 95%. The prospect of the company going bankrupt was also included in the earlier sta...
Top Strategist at $285,000,000,000 Asset Management Firm Predicts More Crypto Shakeouts After FTX Collapse
The global chief investment officer of the $285 billion asset management firm Guggenheim Partners is predicting additional crypto fallout following the FTX collapse. In a new interview with Bloomberg ...
Latest in Crypto Hiring: Financial Services Firm Cuts Employee Salaries in Lieu of Layoffs
As layoffs in the crypto space have persisted in recent weeks, one company in the segment has taken a different approach. Crypto exchanges Bybit and Swyftx are among the crypto firms that have reveale...
Accounting firm Mazars drops all crypto clients, including Binance and Crypto.com
French accounting firm Mazars is pausing all its work with crypto firms including, Crypto.com, KuCoin, and Binance, according to a spokesperson for Binance. Mazars has since deleted all crypto reports...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web – Bitcoin News
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducti...
Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” Friday morning. CNBC anchors Andrew Ross...
Asset Management Firm Raises $70 Million Amid Crypto Winter
Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ...
$726,000,000 in Bitcoin Bought By Crypto Whales in Just Nine Days, Says Analytics Firm Santiment
Crypto analytics platform Santiment is revealing that whales have accumulated Bitcoin (BTC) worth hundreds of millions of dollars in under a fortnight. Santiment says that relatively large holders of ...
a16z leads $100 million raise for web3 privacy firm Aztec Network
The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. Aztec aims to fully encrypt the Ethereum blockchain to add more privacy...
Crypto trading firm QCP Capital has at least $97 million stuck on FTX: Sources
QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month. In an effort to recoup some cash, QCP is a...
Worst Crypto Firm Failures Occured Before FTX, Says Chainalysis
The largest losses due to crypto firm failures this year actually occurred before FTX, according to a recent Chainalysis report. The dramatic development of the FTX scandal dominated headlines, as pol...
First Outside Investment In 30 Years Makes Life Sciences Software Firm A Unicorn
MasterControl CEO Jon Beckstrand Austen Diamond Photograhy Most software startups seek venture funding in the early stages. MasterControl, which provides quality and manufacturing software for life sc...
Cash Crunch Mining Firm Core Scientific Manages $72M Funding
2 hours ago | 2 mins read Bitcoin News Core Scientific sold 9,618 BTC in April at a loss of $362 million. It was revealed that the company will run out of money before 2023. B. Riley, a provider of fi...
Crypto derivatives firm Paradigm cuts salaries by 15%
Paradigm, an institutional liquidity network crypto derivatives traders, has announced a 15% company-wide salary cut. The salary cuts come amid widespread layoffs across the markets, including at some...
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasda...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
OECD calls for ‘urgent policy action’ following series of crypto firm implosions
As the crypto industry becomes more closely linked to traditional finance, the next crypto collapse could cause broader financial instability, according to a new report from the Organisation for Econo...
Leading U.S. law firm Pomerantz files lawsuit against Silvergate Capital
Pomerantz LLP has filed a class action lawsuit against Silvergate Capital Corporation for its alleged involvement in a multi-million dollar money laundering scheme, making misleading statements concer...
Imminent Macro Events Could Rock Bitcoin and Crypto Markets, According to Analytics Firm Santiment
A leading analytics firm is issuing an alert to crypto traders to brace for wild price swings as key macro data are due for release this week. In a new Insights edition, Santiment says it is expecting...
FTT Investors Claim To Be Investigated By Schall Law Firm
FTX hired financial forensic investigators to track the missing users’ funds. The former FTX CEO was arrested in the Bahamas The Schall Law Firm filed a lawsuit against Affirm Holdings, Inc. The...
Crypto Firm Binance Refutes Allegations Of Money Laundering
The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks in...
SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
Former FTX CEO Sam Bankman-Fried (SBF) claims in his planned testimony before the U.S. House of Representatives Committee on Financial Services that he was pressured into filing for bankruptcy for the...
Mining Firm Argo Blockchain Desperately Seeking Funds To Survive
Bitcoin News Argo disclosed selling part of the Bitcoin it had mined during the market downturn. The firm said it was back in business on the LSE as of December 12. In an effort to avoid bankruptcy, c...
Litecoin Mega Whales Accumulate Nearly $220,000,000 Worth of LTC in Just Five Weeks: Analytics Firm Santiment
Analytics firm Santiment says crypto whales have spent the most recent portion of the bear market gobbling up the peer-to-peer payments network Litecoin (LTC). Santiment notes that Litecoin addresses ...
Crypto insurance firm Evertas raises $14 million from Polychain Capital: CoinDesk
Crypto insurance firm Evertas secured $14 million in funding in a Series A round, according to a report from CoinDesk. The round was led by Polychain Capital and saw participation from investors...
Binance Labs Leads Funding in Web3 Security Firm GoPlus Security
Exchange News The firm wants to build a security service marketplace by the end of 2022. The startup has already provided security information to thirteen different blockchains. Binance Labs, the vent...
Russian Crypto Ponzi Firm Finiko’ Key Member Arrested in UAE
Bitcoin News Sabirov had been added to a worldwide wanted list in November. Marat Sabirov, one more of Finiko’s prominent representatives, is still at large. A key figure in the organization of Russia...
Polkadot and Two Additional Altcoins Flashing Bullish Signal As Trader Sentiment Hints at Bottom: Analytics Firm
A leading analytics firm says that a trio of altcoins including Polkadot (DOT) is flashing a bullish signal as traders turn extremely bearish on crypto. Santiment reveals that traders are betting heav...
Crypto Firm Amber Group Ends Sponsorship Deal With Chelsea
The bearish trend in the crypto market has been blowing a negative wave. The overall decline is affecting crypto assets and firms in different ways. Following the collapse of the FTX crypto exchange, ...
Digital collectibles firm Forum3 raises $10m in seed funding
The $10 million funding round is a part of Forum3’s vision of creating a multipurpose platform encompassing digital collectibles and experiential loyalty. Forum3, alongside its strategic advisory comp...