Leading digital asset company Amber Group is downsizing its workforce by 40%, ceasing its retail operations, and ending its sponsorship deal with English football club Chelsea FC amid extreme market c...
Tag: Firm
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’ – Bitcoin News
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset...
Leading crypto trading and lending firm ends Chelsea sponsorship
Amber Group has terminated a sponsorship deal with Chelsea football club and has also cut its workforce again in order to survive the crypto winter. Amber Group, one of the leading trading and lending...
Ethereum Whales Accumulate Over $690,000,000 in ETH in Just Two Days, According to Crypto Analytics Firm
Crypto analytics platform Santiment says that Ethereum (ETH) whales and sharks have been gobbling up the leading smart contract platform at a fast pace over the last two days. New data from the market...
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm – Mining Bitcoin News
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The b...
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
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A Texas Crypto Firm Is in Trouble for Defrauding COVID Program
A Dallas man and the digital currency company he created are in hot water after being charged with defrauding a financial program introduced during the COVID era that was designed to keep businesses a...
Crypto Tax Firm Koinly Lays Off 14% of Staff Amid Bear Market
UK-based crypto tax firm Koinly is letting go 14% of its global team, citing the need “to combat the challenging conditions facing the cryptocurrency market and economy at large.” The job cuts will af...
UK-based Crypto Tax Firm ‘Koinly’ Announces 14% Layoff
Bitcoin News The FTX collapse had a terrible effect on the crypto industry with several firms taking hits. Koinly, founded in 2018, is the tax partner for a number of cryptocurrency exchanges. Koinly,...
Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%
Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance announced a commitment to increasi...
Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Crypto Firm Deribit Hacked; Nearly $30 Million Gone
It’s happened again, folks. Another digital currency hack is in the books. This time, the victim is Deribit, a cryptocurrency exchange based in the Central American nation of Panama. Deribit Has Lost ...
Despite Setbacks, the Crypto Mining Sector Stands Firm
It would appear several crypto mining companies out there continue to either purchase or inherit machines – even though profits in the industry seem to be dying either due to falling crypto prices or ...
Troubled Crypto Firm Genesis Owes Gemini’s Customers $900 Million (Report)
The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million. Genesis has been coping with seve...
Galaxy Digital to Acquire Israeli Custody Firm GK8 from Celsius Network
Amongst other things, GK8 will help solidify GalaxyOne, the bigger company’s trading platform. Cryptocurrency financial services firm, Galaxy Digital Holdings Ltd (TSE: GLXY) has been selected as the ...
Ripple is the only crypto firm among America’s 10 most-valued startups
Blockchain firm Ripple continues to record growth that has elevated the company to rank as the only cryptocurrency-related firm among the top ten United States most valued startups. According to data...
Former Alameda CEO reportedly hires top DC law firm
Reports have emerged that Caroline Ellison, the former head of bankrupt crypto hedge fund Alameda Research, has acquired the services of a prominent Washington law firm. Ellison hires fourth-best law ...
Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment
Leading analytics firm Santiment reveals that the two largest Chainlink (LINK) investor cohorts have loaded up on the Ethereum (ETH)-based oracle network to the tune of $194.3 million in just two mont...
Audit firm Mazars to verify KuCoin’s Proof-of-Reserves
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its Proof-of-Reserves (PoR). According to an announcement on Dec. 5, the verification will provide the...
Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’
Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether. According to Reed, who...
Ex-President of FTX U.S Seeking $6 Million to Launch New Firm
Exchange News Harrison stated on September 27 that he would be stepping down as president of FTX US. This comes a mere month after the very contentious collapse of the FTX exchange. Former FTX US pres...
Binance Hires Trump’s Former Audit Firm to verify its crypto reserves
Home/News Mazars is an international accounting firm. Its U.S. branch, Trump’s long-time accounting firm, has been entangled in controversy since 2019 over a request for his financial records by...
Kim Kardashian’s Investment Firm Hires Brisske From Permira
(Bloomberg) — Skky Partners, the private equity firm co-founded by reality show royalty Kim Kardashian, has hired an investment professional from investment firm Permira. Most Read from Bloomber...
FTX’s venture arm Alameda invested over a billion in Bitcoin [BTC] mining firm
Alameda reportedly invested over a billion dollars in the Bitcoin mining firm – Genesis Digital The first recorded investment was in August last year, while the last was in April 2022 FTX and Alameda ...
Crypto Trading Firm Genesis In Search of LifeJacket Amid FTX Contagion
Genesis in Talks Prominent American Crypto brokerage company Genesis is opting to avoid a ‘bank run’ situation after the firm’s creditors are consulting lawyers to avoid insolvency. As per anonymous...
A top aide to Ukraine’s President Zelensky accuses BP of war profiteering with stake in Russian oil firm
A major [hotlink ignore=true]energy[/hotlink] company that pledged to sell its stake in Russia has yet to do so, and a top Ukrainian official just accused it of pocketing millions from the war. Britis...
Crypto Firm Core Scientific Says It’s Considering Bankruptcy
Core Scientific – one of world’s biggest publicly traded crypto mining firms – has announced it is considering bankruptcy protection as its stock has fallen by over 90 percent since the beginning of t...
FTX Contagion May Have ‘Infected’ This Crypto Trading Firm That’s Now Facing A ‘Liquidity Issue’
Sam Bankman-Fried, the former CEO of FTX, may have felt the same sorrow as the thousands of investors who entrusted him with their money, but the misery seems to persist regardless of the excuses he o...
Mike Novogratz’s Galaxy Digital Agrees to Buy Self Custody Firm GK8 From Celsius
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...