Big funding rounds, layoffs and FTX developments

The past week saw an interesting set of big funding announcements, although the overall market sentiment remains bearish. Several companies announced job cuts as they struggled to stay afloat with the...

Prosecutor seek to restrict Bankman-Fried’s bail terms after apparent attempts to influence witnesses

U.S. Attorneys want to restrict FTX founder and ex-CEO Sam Bankman-Fried’s access to encrypted messaging services and bar communication with former FTX and Alameda employees, after prosecutors suggest...

More And More People Are Cutting Their Streaming TV Services

Weekly users were down for nearly all streaming platforms in fourth quarter, according to a survey. Getty Images With fears of a recession looming larger every day, and inflation raging for months, it...

BH Digital didn’t just get Dragonfly’s head of liquid strategies, it got the whole team

Brevan Howard Digital didn’t just hire Dragonfly’s head of liquid strategies — it scooped up the whole team.  The firm said  on Thursday that Dragonfly’s Kevin Hu, a former general partner...

Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%

Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000  by 11:50 a....

People Rooting For Crypto To Be Shut Down Are Cringe

Hayden Adams, the founder of Uniswap, thinks people rooting to have crypto shut down are “incredibly cringe.” Uniswap Founder: Let People Be In a tweet on January 26, Hayden emphasized that no one has...

Floki Inu price soars 14% following DAO proposal to burn $55 million tokens

Dog-themed meme coin floki inu soared in price following a community proposal that would burn $55 million worth of its tokens. Floki Inu was trading up 14% to $0.000012 at 6:06 a.m. EST, accordi...

Investment firm Brevan Howard adds senior leader to crypto division

Brevan Howard Digital added to its senior leadership ranks, hiring former Dragonfly general partner Kevin Hu to focus on investing in listed digital assets.  Hu will be based in the firm’s new A...

Bitcoin steady as altcoins pop, aptos hits all-time high around $20

Bitcoin was treading water at around $23,000, while ether and altcoins traded higher. Equities were mixed, with Silvergate down and Coinbase higher. Bitcoin was trading at $23,037 by 10:40 a.m. ...

US economic growth tops estimates, grew by 2.9% during the fourth quarter

The U.S. economy grew by 2.9% during the fourth quarter, narrowly topping estimates of 2.8%. Growth in the final three months of last year was primarily driven by consumer and federal government...

Bitcoin’s back in the green, Aptos reaches all-time high as major markets end little changed

Bitcoin jumped above $23,200 as Aptos’s APT soared 46% while traditional markets were muted. The largest cryptocurrency was up about 1.6% over the past day at 4:35 p.m. EST after trading l...

Moonbirds creator Kevin Rose hacked, at least $1m in NFTs lost

The founder of the NFT project Moonbirds, Kevin Rose, lost at least $1 million in NFTs in a wallet exploit.  The Block identified the hacker’s address, which appears to have taken around 4...

Bitcoin.com CEO Roger Ver says he has funds to pay almost $21 million to Genesis

Bitcoin.com CEO Roger Ver, also known as “bitcoin Jesus,” says he has enough funds to pay Genesis after its affiliate GGC International Limited said he failed to settle nearly $21 million in cry...

Rebecca Barkin named CEO of Neal Stephenson’s Lamina1

Neal Stephenson’s brainchild Lamina1 announced it is under new leadership after elevating Rebecca Barkin to the role of CEO.  Barkin, acting president since last August, will take over the web3 ...

DYdX pushes back $156 million of token unlocks for investors to December from February

Decentralized exchange dYdX delayed its token unlocks for investors to Dec. 1 from Feb. 3, according to a note sent out to investors obtained by The Block. The exchange was set to release 150 mi...

Bitcoin trading around $22,400 as crypto prices pullback with equities in the red

Cryptocurrency prices began to pullback overnight, with ether leading the drop. Equities were in the red during the early session, with Block and Silvergate declining.  Bitcoin was trading at $2...

Do You Know ChatGPT Was Taught By Worlds Poorest People? Report

Since the release of OpenAI’s ChatGPT, it has sparked debate on a variety of platforms due to its ability to interact with users in an extremely realistic manner. However, very few of them are aware t...

People In Crypto – Top 50 Most Influential Crypto Personalities In The World

People in Crypto: from Elon Musk and Vitalik Buterin to Changpeng Zhao and Barry Silbert, the crypto world is full of famous personalities. Not only investors but many celebrities, artists, industry l...

Will Trump Be Indicted In Georgia? Fulton County DA Suggests ‘Multiple’ People Could ‘Imminently’ Face Charges In 2020 Election Probe

Topline The district attorney in Fulton County, Georgia, will soon determine whether to bring charges against former President Donald Trump or allies who backed his effort to overturn the 2020 electio...

Investor Jeremy Grantham dismisses bitcoin’s latest rally as crypto prices tread water

Cryptocurrency prices meandered in early trading, with bitcoin unable to break past $23,000 on a consistent basis. Crypto stocks were marginally lower.  Bitcoin gained 0.1% in the past day to $2...

Vitalik Buterin closes seven-month short trade on RAI token, netting $92,000

Ethereum co-founder Vitalik Buterin closed a seven-month short position on the non-pegged purported stablecoin RAI, netting a cool $92,000, according to on-chain records. Buterin took the trade ...

Blockchain.com’s Chief Compliance Officer joins crypto exchange Kraken

Crypto exchange giant Kraken has hired C.J. Rinaldi as its chief compliance officer.  Rinaldi joins Kraken after working at the crypto services firm Blockchain.com as its chief compliance office...

The Richest Man Alive Who Most People Know Nothing About

If you were to ask the average American who the richest person in the world is, many would likely say Elon Musk, Bill Gates or another American business magnate. After all, an American has held the ti...

FDA says most people probably need only one annual vaccine shot

Justin Sullivan | Getty Images The Food and Drug Administration has laid out a road map for what Covid-19 vaccination may look like moving forward. In a briefing document published Monday, the FDA sai...

Bitcoin, mining stocks rise while Silvergate shares soar

Crypto prices were in the green as the market continued to rally on Monday. Equities related to blockchain and cryptocurrencies were also higher. Bitcoin traded up about 0.5% during the day, fli...

Gemini lays off 10% of its staff amid Genesis and DCG lending crisis

Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...

Silvergate shoots up 11%, Coinbase dips and MicroStrategy trades flat

Silvergate shares soared after the open, and Coinbase traded down as the Nasdaq 100 was higher.  Shares in the crypto-friendly bank were up 11% to $15.25 by 11:30 a.m. EST, according to Nasdaq d...

Bitcoin resistance at $25,000 will be key gauge of rally’s momentum, B2C2 says

Bitcoin was little changed Monday after reaching its highest point above $23,000 since August over the weekend. While the recent rally has outpaced traditional equities, some are wondering how long th...

Ivan on Tech’s Moralis becomes latest crypto firm to cut headcount

Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block. “I...

CEOs Say HR Is Central To Business Success: 5 Critical Shifts

HR will be central to success in the future of work. getty This is arguably the most challenging time—ever—to be in HR. It’s also the very best. With so many business issues driven by people, talent a...

The Ukrainian Navy Is Ready To Rescue People Again As Ex-British Helicopters Arrive

A Royal Navy Sea King in 2013. Crown Copyright Just two months after the United Kingdom announced it would donate to Ukraine three ex-Royal Navy Westland Sea King helicopters, the first of the classic...

Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says

Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block.  ...