Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on Feb. 7. Combined company will have six sites The merger will combine two of ...
Tag: Firm
Crypto Firm Juno Restarts Services After Finding a New Custodian Partner
The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.” It increased daily withdrawal limits at the beginning of the year and urged customers to tr...
Shiba Inu and Cardano Witnessing Massive Spike in $100,000+ Whale Transactions, Says Crypto Analytics Firm
The popular memecoin Shiba Inu (SHIB) and the smart contract platform Cardano (ADA) are seeing major spikes in large whale transactions, according to the crypto analytics firm Santiment. Both altcoins...
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal – Bitcoin News
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and ...
Top Ethereum (ETH) Scaling Firm StarkWare To Make Key Technology Open Source
Ethereum (ETH) layer-2 scaling firm Starkware is revealing its plans to open source one of its software products. The blockchain company says its Starknet Prover, which powers its scalability engine, ...
WeTransfer Turns to NFTs in Tie Up With Blockchain Firm Minima
WeTransfer has taken its first step into the NFT business by partnering with Minima, a Swiss blockchain firm. Minima was founded in 2018 in Zug, Switzerland, a town known for its crypto start-up ecosy...
Crypto Investment Firm Sues Signature Bank for Facilitating FTX Fraudulent Transfers: Report
British Virgin Islands-based investment management and cryptocurrency trading firm Statistica Capital has filed a lawsuit against New York-based Signature Bank, alleging that the financial institution...
Ex-SoFi CEO Mike Cagney Seeks $150 Million For New Blockchain Firm
SoFi’s ex-CEO is looking for investors for the new company Figure Technologies. Figure builds financial products on blockchain and was valued at $3.2 billion during launch. Mike Cagney is looking to r...
Bitcoin Mining Firm Riot Reports Monthly Output of 740 Bitcoins in January
9 hours ago | 2 mins read Bitcoin News This is a 12 percent rise from the 659 BTC produced in December 2022. The harsh weather prompted the temporary closure of Riot’s Rockdale, Texas, plant. Riot, a ...
Hodlnaut’s Bid for Survival, Selling Firm, and FTX Claims to Potential Buyers
Hodlnaut, a Singapore-based crypto firm that collapsed following huge exposure to the Terra Luna UST, is reportedly in serious talks with potential buyers to liquidate remaining assets. According to a...
Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
Andreessen Horowitz (a16z), a venture capital company, allegedly engaged in a vote that was cast against a final proposal to instal Uniswap v3 on the BNB Chain by making use of the Wormhole bridge, as...
Hodlnaut works with potential buyers to sell firm and FTX claims: Report
Troubled cryptocurrency lending firm Hodlnaut is reportedly working with several potential investors to sell its business and other assets. A number of potential buyers have inquired about purchasing ...
Another Sam Bankman-Fried-owned firm files for bankruptcy
Emergent Fidelity has filed for Chapter 11 bankruptcy following the seizure of its over half a billion dollars worth of Robinhood shares by the US government. The company is co-owned by the disgraced ...
Why UK cybersecurity firm Darktrace is under attack from short sellers
Darktrace, one of the U.K.’s largest cybersecurity companies, was founded in 2013 by a group of former intelligence experts and mathematicians. Omar Marques | SOPA Images | LightRocket via Getty...
Crypto Firm StarkWare Partners With Chainlink to Boost StarkNet Adoption
StarkWare – an Israeli company focused on Ethereum scaling – joined forces with the Web3 services platform – Chainlink – to expand development on StarkNet. The collaboration will also build an econom...
Danaher Takes Interest in Life Sciences Firm Catalent
(Bloomberg) — Life sciences company Danaher Corp. has expressed takeover interest in contract manufacturer Catalent Inc., according to people familiar with the matter. Most Read from Bloomberg T...
Google invests $300M in AI firm previously funded by Sam Bankman-Fried
Google Cloud reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also received over $500 million in funds from former FTX CEO Sam Bankman-Fried about six m...
FinTech Firm tZERO Announces Exchange Shutdown
tZERO, a financial technology firm funded and majority-owned by Overstock, has announced that it will be shutting down all operations for its tZERO Crypto exchange platform by March 6th, 2022. The fir...
Filecoin Blockchain Parent Firm Protocol Labs Announces 21% Layoff
57 mins ago | 2 mins read Blockchain News To provide light on the layoffs, CEO Juan Benet published a blog post. Benet wrote on Friday that the transition will be challenging for all Labbers. On Febru...
Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment
Blockchain analytics firm Santiment says that massive holders Cardano (ADA) are driving up the price of the eighth-largest crypto asset by market cap. From trading at around $0.246 on January 1st to ...
Crypto Firm Animoca Brands Is Bringing Back Movie Pass
Movie Pass – a program that seeks to provide lesser-priced movie tickets to theatergoers – is back with a bang. This time, it’s backed by cryptocurrency and getting a little help from the blockchain s...
Bitcoin Mining Firm Core Scientific To Sell 27k Gears To Settle NYDIG Debt
45 mins ago | 2 mins read Bitcoin News A few days before the holidays in 2022, the firm filed for bankruptcy. As part of its 2020 expansion, the company borrowed $77.5 million. In order to settle a $3...
Adani Bondholders Turn to Advisers as Crisis Engulfs Indian Firm
(Bloomberg) — Bondholders of Adani Group firms are holding initial conversations with financial advisers and lawyers to weigh their options after the unfolding crisis at the Indian conglomerate ...
Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder – Bitcoin News
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Intere...
Blockchain.com Is Next Crypto Firm to Initiate Layoffs
Digital currency firm Blockchain.com has announced it’s going to be laying off approximately 25 percent of its staff, which amounts to about 150 separate people at the time of writing. The company is ...
Tech Giant Google Makes $300 Million Investment in AI Firm Anthropic
3 hours ago | 2 mins read Bitcoin News Microsoft has previously invested millions of dollars into OpenAI, the firm behind ChatGPT. Google will acquire a share of roughly 10 percent in Anthropic. With ...
Layoff Spree Continues: Why This Crypto-Oriented Firm Is Dismissing Some Staff Soon
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell ...
Pantera exec Joey Krug leaves crypto investment firm: CoinDesk
Pantera Capital co-Chief Investment Officer Joey Krug has left the venture capital and investment firm, CoinDesk reported, citing a letter sent out to partners on Friday. Krug joined Pantera Ca...
This Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan
During the 2021 crypto bull, lenders issued over $4 billion in loans collateralized by Bitcoin mining hardware. These financial instruments backfired on BTC mining companies as the sector trended to t...
Finnish firm launches fully-backed and regulated Euro stablecoin
Enabling near-instant payments at a fraction of cost, the EUROe stablecoin is the first such to be regulated as an electronic money institution across Europe. On Thursday, Helsinki-based fintech compa...
MicroStrategy stock rockets by 100% in 2023 as firm buys 8,800 BTC amid 2022 crash
Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its ...
Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas
“The subsequent investigation determined that Copper hadn’t suffered any breach or business interruption and that no client information had been compromised,” Copper said in a statement. “The incident...