An ailing crypto hedge fund is reportedly contemplating its options in dealing with massive losses, including being bailed out by other firms and selling remaining assets. In a new report by the Wall ...
Tag: firms
Shark Tank’s Kevin O’Leary Explains Why Wipeout of Large Digital Asset Firms Is Great for Crypto
Venture capitalist and Shark Tank star Kevin O’Leary says that the collapse of large and overleveraged crypto companies could be beneficial for the nascent industry. In a new interview on CNBC, O’Lea...
BlockFi among firms that liquidated Three Arrows collateral: FT
BlockFi was one of the companies that liquidated the collateral on a loan from Singapore-based crypto hedge fund Three Arrows, according to the Financial Times. The Block had previously reported that ...
3AC Performed Treasury Management for Firms in Its Investment Portfolio
Reports are emerging that the venture capital (VC) firm Three Arrows Capital (3AC), which is currently facing an insolvency crisis, habitually offered treasury management services to the companies in ...
Mark Cuban: Crypto Firms Sustained by ‘Cheap, Easy Money’ Will Disappear in Crash
Billionaire owner of the Dallas Mavericks Mark Cuban has weighed in on the latest crypto crash, saying that projects with no “valid” business model will eventually die out. “In stocks and crypto, you ...
When Crypto Rebuilds After This Cold Winter, Firms Like Three Arrows Capital Won’t Have a Place; Bitcoin Sinks Toward $20K
“I’ve been seeing a lot of speculation about BlockFi’s risk management practices that I want to address. While our policy is to not comment on specific counterparties, we are committed to provid...
FINRA plans to absorb employees laid off by crypto firms
The cryptocurrency market has been in a bearish state for the better part of this month, and the outflows are squeezing out the capital available to crypto firms. Some of the largest cryptocurrency co...
BlockFi reportedly among firms that liquidated Three Arrows Capital
Latest report about Singapore-based crypto hedge fund Three Arrows Capital (3AC) notes that the venture firm has not met margin calls from lenders. The news looks to spell more gloom for the firm, whi...
Wealth Management Firms Thinking Happy Thoughts Amid Ugly Bear Market
Despite a bear market, many on Wall Street are optimistic about the long term prognosis for the … [+] economy and markets. LightRocket via Getty Images “The underlying US economy is going to be ...
FINRA may hire employees terminated from crypto firms: Report
The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move that could include scooping up employees recently terminate...
Crypto firms have laid off more than 1,500 people in the last two months as downturn fears persist
Companies in the crypto space have laid off more than 1,500 people in the past two months. The number is based on publicly announced layoffs dating back to earlier this spring when the digital asset m...
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A police patrol vehicle monitors the crowd along Shanghai’s iconic Bund on June 1. Lockdown … [+] restrictions have eased in much of the city this month but residents face stringent travel...
Coinbase Reduces the Size of the Firm’s Workforce by 18% – Bitcoin News
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring...
Celsius Token Spikes—Then Crashes—Amid Firm’s Woes
Key Takeaways Celsius’ CEL token soared over 300% today before crashing minutes later. The move may have been prompted by recent activity on a MakerDAO vault rumored to belong to Celsius. The developm...
Real estate firms Compass and Redfin announce layoffs as housing market slows
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to ...
Layoffs Continue with BlockFi and Crypto.com Latest Firms to Shed Staff
The market’s recent bloodbath has resulted in major crypto firms reining in their expansion plans and, in some cases, laying off a sizable portion of their workforce. BlockFi has laid off 20% of its ...
Richard Branson Targets Tech Firms Hosting Fraudulent Crypto Ads
British tycoon Sir Richard Branson, a known bitcoin advocate, targets tech firms publishing fraudulent crypto schemes using his name. The founder of the Virgin Group, which controls over 400 companies...
The Need To Diminish The Power Of Proxy Advisory Firms
While most of the attention in Washington D.C. this week will be focused on the Joint Congressional Committee’s continued hearings into the Jan. 6 attack on the Capitol, I will be intently watching th...
Forbes Global 2000 Firms Judged ‘Alarmingly Weak’ On Climate Plans
Companies such as Exxon Mobil have climate pledges that might look good on paper – but with no plan … [+] to account for the emissions released when the firm’s gasoline is burned, th...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets – Bitcoin News
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto com...
Some crypto firms cut jobs while others aim for sustainable growth
To put things into perspective, since November 2021, the total market capitalization of the digital asset industry has plummeted from it’s all-time high of $3 trillion to its current levels of approx....
MicroStrategy has inspired firms to convert their balance sheet to Bitcoin
Octagon Networks, a cybersecurity company headquartered in Addis Ababa, born-again its entire record and every one of its quick assets into the first cryptocurrency. In addition, it embraced bitcoin a...
FTX will not freeze hiring amid layoffs at other crypto firms, CEO states
Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the c...
Terraform Labs employee under investigation for embezzling firm’s Bitcoin
The legal troubles around Terraform Labs, the company behind the collapsed Terra (LUNA) ecosystem, are deepening after South Korean authorities launched investigations into one of the firm’s employees...
Ant Group launches digital banking service in Singapore to serve small firms doing international trades
Chinese fintech giant Ant Group has launched a digital banking service in Singapore to serve the needs of small businesses doing cross-border trades. The wholesale banking service will be provided by ...
Uganda’s Central Bank Allows Crypto Firms to Participate in Its Regulatory Sandbox
5 seconds ago | 2 mins read Bitcoin News Andrew Kawere applauded the idea of sharing knowledge. The central bank has urged the BAU to educate themselves with Sandbox Regulations. Following discussions...
Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox
The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge wit...
Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox – Regulation Bitcoin News
The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Bloc...
Shading off “grey” reputation as more crypto firms flock to Dubai
The United Arab Emirates (UAE) is struggling to shade itself from (Financial Action Task Force) FATF’s grey list nations. The grey list means UAE is closely monitored for anti-money laundering complia...
Massive Job Loss As Crypto Firms Cut Jobs Amid Market Slump – crypto.news
Many crypto firms are cutting costs by slashing jobs amid a prolonged market correction and a drop in cryptocurrency prices. The market downturn has spilled over into the tech sector as more companies...
Crypto firms are on hunt for acquisition target amid dips in prices
Two high cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions because the trade hopes to drive growth through shopping for different companies. It’s an indi...