A new Congressional investigation has highlighted the impact of energy consumption by cryptocurrency mining companies in the United States. The investigation by Democrats revealed that seven leading ...
Tag: firms
Multiple U.S. Crypto Lending Firms Under Investigation by California Regulator – crypto.news
Amid the latest troubles faced by some major cryptocurrency lenders following the crypto market downturn, the California Department of Financial Protection and Innovation (DFPI) is looking into multip...
Crypto Mining Firms Take Different Approaches to Selling Bitcoin
Riot Blockchain sold 300 of the 421 BTC it produced in June to help cover operational expenses Hut 8 Mining plans to continue growing its computing business that generates $1.6 million in revenue per ...
“I Am Suicidal”: Celsius Customers Respond to Firm’s Bankruptcy
Key Takeaways Celsius has filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of New York. The news has spurred many with funds trapped in Celsius to share ...
California’s Financial Regulator Probes Firms Offering Crypto Interest Accounts
The California Department of Financial Protection and Innovation (DFPI) said in a recent publication that it is “actively investigating” companies offering crypto interest accounts to investors in the...
Mysten Labs Wants To Push Firm’s Valuation To $2 Billion
Ex meta employees are looking for a $2 Billion valuation. They founded Mysten Labs back in 2021. Mysten Labs focuses on crypto infrastructure. Mysten Labs Going For a Series B Funding Round A company ...
‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator
California Department of Financial Protection and Innovation (DFPI) announced on Tuesday that it is investigating several firms nationwide that provide customers with interest-bearing crypto-asset acc...
Experts Claim Cyber Attacks On Crypto Firms Will Rise, What’s Ahead?
Regarding cryptocurrency cybercrimes and attacks, North Korea is a notable region with increased activities. Many groups are posing high threats through their attack on some crypto protocols. Also, a ...
Blockchain Gaming Publisher Animoca Brands Secures $75M — Firm’s Pre-Money Valuation Rises to $5.9B – Bitcoin News
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capita...
ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re...
Wall Street Firms Slash S&P 500 Price Targets As ‘Concerned’ Analysts Warn Of Earnings Slowdown
Topline A handful of Wall Street’s biggest firms are slashing their S&P 500 forecasts for the year, predicting lower stock market returns thanks to a difficult quarterly earnings season ahead as c...
Are North Korean IT Remote Workers Targeting Crypto Firms? Here’s What We Know
According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new r...
Implications of crypto winter on firms in the industry
The crypto industry has recently been plunged into turmoil owing to the prevailing crypto winter. Currently, most of the existing cryptos are enduring a devastating decline in their respective market ...
Crypto Firms in Hong Kong will seek License Through AML Law
The proposed legislation will also include dealers in precious metals and stones (DPMS). In June, the Anti-Money Laundering and Counter-Terrorist Financing Bill 2022 was published in the official gove...
Tron Founder Justin Sun Wants to Spend $5B to Save Distressed Crypto Firms
Tron blockchain founder Justin Sun is as empathetic about the current crypto firms that are distressed as he is willing to bail many out. While there has been no news of Tron bailing out any crypto fi...
Troubled Crypto Lending Firms Investigated by Securities Regulators from Texas and Alabama
Alex Dovbnya State securities regulators have started investigating the embattled crypto companies that went underwater during the recent market turmoil State securities regulators in Alabama and Texa...
JPMorgan Loses Top Executives to Crypto Firms
The first of the three executives who left JPMorgan is Samuel Shah. Shah, until his exit, was head of the bank’s Ideation and Digital Innovation department. This week would go down as a significant on...
Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms – Market Updates Bitcoin News
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining we...
JPMorgan Lost These Three Execs To Crypto Firms This Week Despite ‘Crypto Winter’ ⋆ ZyCrypto
Advertisement     JPMorgan Chase & Co., America’s largest bank, has witnessed the departure of three of its top executives this week. In what seems like a cruciall...
Oppenheimer’s Bull Case Sees S&P 500 Rebounding to 4,800 — Here Are 2 of the Firm’s Top Picks
Warren Buffett famously said one should be fearful when others are greedy and be greedy when others are fearful. Right now, there is a lot of fear around stocks, with an 18% year-to-date loss on the S...
Despite Voyager’s claims, its bank says FDIC insurance will not protect customer USD deposits from firm’s bankruptcy
On Tuesday night, crypto broker Voyager Digital filed for Chapter 11 bankruptcy in New York. Early Wednesday morning, the firm released a statement downplaying the bankruptcy, calling it a “volu...
FTX Still Has a “Few Billion” to Support Struggling Crypto Firms
Sam Bankman-Fried (SBF), the founder and CEO of leading crypto derivatives exchange FTX, said Wednesday that his company still has a “few billion” dollars to save struggling crypto companies that coul...
FTX Still Has a Few Billion to Spare for Struggling Crypto Firms, Sam Bankman-Fried Says
FTX, a leading crypto exchange, is willing to splash a few billion to help struggling companies amid the present cryptocurrency winter, according to the exchange’s CEO and founder, Sam Bankman-Fried. ...
Ethereum, Solana NFT Marketplace ‘Wars’ Heat Up as Firms Acquire Startups
In brief Recent NFT startup acquisitions and other moves suggest a potential “war” ahead between NFT marketplaces, writes DappRadar. OpenSea currently leads all NFT marketplaces, but new r...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ – Bitcoin News
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets...
Is FTX CEO Sam Bankman Fried bailing out crypto firms signals a crypto market fall?
For quite some time now, the FTX CEO was helping many crypto firms that some crypto community members think of it as some signals When Anthony Scaramucci, founder of Skybridge Capital, said that sever...
DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle
One altcoin that powers an Ethereum-based decentralized finance (DeFi) platform is defying broader market woes by rallying in a big way. Rari Governance (RGT) is the governance token of Rari Capital, ...