AllianceBernstein Holding LP’s Kate Burke is part of a growing group of executives who lead not only their companies’ finances, but also operations, a trend that comes as firms look to retain top tale...
Tag: operations
Amid the arctic blast, Texas miners voluntarily shut down or curtail operations
Bitcoin miners are again showcasing how they can play an essential role in the energy infrastructure as miners shut down or limit production to support the ecosystem in Texas. Texas is facing a hard f...
British Columbia Suspends New Crypto Mining Operations
Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation stated that this decision was taken to ensure the preservation of clean energy for consumption by residents and businesses which will...
Core Scientific files for Chapter 11 bankruptcy, mining operations will continue
Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc. has filed ...
Core Scientific Takes Bankruptcy Route Amid Struggling Operations
Core Scientific, the world’s largest publicly-traded crypto miner based out of the United States is ultimately filing for Chapter 11 bankruptcy in Texas on Wednesday morning. Core Scientific joins the...
Auros Global expects to resume regular operations following restructuring plan
Cryptocurrency trading firm Auros Global, which reportedly suffered from a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after ...
Elemental Machines Is Bringing The Internet Of Things To Lab Operations To Save Millions Of Dollars For Biotech Companies
Sridhar Iyengar, the founder and CEO of Elemental Machines. Elemental Machines The Internet of Things (IoT) products – like a Bluetooth speaker showerhead or refrigerator that orders things directly f...
FTX Japan Has Until March 2023 to Cease All Operations (Report)
The Japanese authorities reportedly extended the business suspension order to FTX Japan until March 9, 2023. Initially, the company had to cease all services on December 9. According to recent coverag...
FTX Gets A 3-Month Grace To Quit All Operations In Japan
Some jurisdictions have been taking management and investigatory actions following the collapse of the FTX crypto exchange. Before its fall, the SBF-led crypto exchange got several operational approva...
FTX reportedly gets 3 more months to stop all operations in Japan
The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year. The Kanto Local Fina...
Nexo Quits US Operations After Regulatory Actions Over Crypto Lender
Nexo will leave the US soon after the regulatory measures tighten. The crypto lender made major announcements on its blog. Nexo has been sued by eight states for illegal acts. United States says NO! O...
Crypto Lending Giant Nexo To Suspend U.S. Operations
On Dec 5, crypto lender Nexo announced that it would discontinue operations in the United States within the next few months. The company specifically mentioned that it would immediately cut off access...
Nexo halts operations in the United States
Nexo, a crypto savings and lending provider, has decided to end operations in the United States over the next few months. This decision follows over a year of negotiations with US federal and state ag...
Tradelens Discontinues Operations. Why You Should Care.
Last week, TradeLens announced the discontinuation of operations ending operations in the first quarter of 2023. The launch of the platform in 2016 was a joint initiative by A.P. Moller – Maersk...
TeraWulf Announces November 2022 Production and Operations Updates
Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022 Energization o...
FTX CEO stresses Bankman-Fried, Ellison no longer involved in operations
FTX CEO John Ray stressed in a company all-hands this week that the firm has not been communicating or “dealing with” former senior executives, including its co-founder Sam Bankman-Fried. ...
TeraWulf Updates Mining Operations and Cost-Reduction Initiatives
Previously Announced Initiatives Enable Operational Resiliency in a Low-Priced Bitcoin Environment Lake Mariner Operations Not Impacted by Recently Signed Moratorium in New York State EASTON, Md.–(BUS...
New York Bans Some Crypto-Mining Operations for Two Years
Join Our Telegram channel to stay up to date on breaking news coverage New York became the first state to impose a temporary moratorium on new cryptocurrency mining permits at fossil fuel plants, in a...
This Stablecoin on Cardano just halted operations, details inside
In an almost shocking move, Ardan revealed that it was halting operations The project seemed to be pointing at Cardano for their failings The development team of Cardano recently hinted towards the la...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Coinotizia
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Baidu Says US Chip Restriction Will Have ‘Limited Impact’ on Business Operations
Despite the semiconductor chip shipment restriction, the company’s executive said a significant percentage of Baidu’s AI Cloud business does not rely on advanced chips. Baidu, the Chinese multinationa...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...
Silo merges with Chainlink & strengthens financial operations
Silo Finance, which happens to be a decentralized and non-custodial lending protocol, has formed an extremely favorable and mutually beneficial merger with Chainlink Price Feeds. However, this has bee...
SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense
The biggest news in the cryptoverse for Nov. 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX invest...
Bitget starts operations in Brazil: InfoMoney
Singapore-based crypto exchange Bitget has started operating in Brazil, financial publication InfoMoney reported. Bitget will start enabling deposits in Brazilian reais today, InfoMoney said. T...
Details: ASIC suspends FTX operations in Australia with conditions
The Australian Securities and Investments Commission (ASIC), has suspended the FTX Pty LTD operating license effective November 16th. the news comes after the company filed for bankruptcy protection i...