Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Tag: people
Did It Really Take Just 13 People To Hard Fork Polygon?
Ethereum sidechain Polygon successfully completed a network hard fork Tuesday, effectively creating a new Polygon blockchain that developers hope will provide faster transactions and less frequent gas...
Bitcoin, ether in the red as altcoins experience sharp sell-off, crypto stocks open lower
Crypto prices were in the red, snapping a recent rally. Coinbase and MicroStrategy opened lower. Bitcoin dropped 3% in the past 24 hours to trade below $20,800 by 9:30 a.m. EST, although it was...
Ripple CEO Says People Will Be Stunned at the SEC’s Behavior When Hinman’s Emails “Come to Light”
– Advertisement – Ripple CEO Brad Garlinghouse has made fresh comments about the draft of William Hinman’s June 2018 speech. Recall that since the SEC surrendered the drafts of Hinman’s s...
Binance, ether, bitcoin all lower as US economy slows
BNB, ether and bitcoin slid with traditional markets after U.S. economic data showed signs of an economy starting to take a breather. Retail sales fell more than expected, tripping up what had b...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
Shiba inu jumps 15% as ether trades around $1,600 following PPI release
Ether traded above $1,600 for the first time since early November as crypto prices were elevated by lower-than-expected PPI data. Ether was trading at $1,598 by 9:20 a.m. EST, up 1.2% in the pa...
Oxfam Reveals How Richest 1% of All People Became Richer in Two Years
While inflation gulps the wages of at least 1.7 billion workers, billionaires see their fortune increase by $2.7 billion on a daily basis. According to a new report from global poverty charity Oxfam, ...
Key Differences Between Rich and Wealthy People
SmartAsset: Key Differences Between Rich and Wealthy People SmartAsset: Key Differences Between Rich and Wealthy People Being rich and being wealthy are often seen as being the same thing. After all, ...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Deaton Says People Predicting SEC Win Over Ripple Are Overstating Regulator’s Chances
– Advertisement – Attorney Deaton comments on the SEC’s common enterprise argument. Prominent cryptocurrency lawyer John Deaton said people predicting an outright SEC win over Ripple in th...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchange
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pit...
68 People Confirmed Dead In Nepal’s Deadliest Airplane Crash In Three Decades
Topline At least 68 people were killed after a passenger plane crashed in the resort town of Pokhara, Nepal on Sunday, in the country’s worst air disaster in several decades which once again puts a sp...
Coinbase, Crypto.com, & More Firms Layoff Over 1,600 People In 2023
Crypto companies inducing Coinbase, Crypto.com, Kraken, and more are cutting off jobs in 2023. Crypto.com has laid off a total of 2,110 employees since 2022. Crypto.com founder blames FTX’s downfall f...
Lawmakers introduce bill to finally stop politicians from insider trading. Here’s how it would force Congress to put the people before their portfolios
‘The American people are tired’: Lawmakers introduce bill to finally stop politicians from insider trading. Here’s how it would force Congress to put the people before their portfoli...
Ex-president of FTX US says SBF relationship reached ‘total deterioration’
Brett Harrison, former president of FTX US, shared his experience at the company and working with Sam Bankman-Fried — and ultimately why he left his so-called “dream job.” In a 49-pa...
European Agency arrests 15 people and seized 1Mn USD worth crypto assets
The European Union Agency for Law Enforcement Cooperation (Europol) made an announcement about striking on online scams involved in the illicit activities. Surprisingly, the network operating these sc...
Scaramucci changes tone on FTX, says it’s clear there was fraud now
Anthony Scaramucci has done a 180 on FTX. “It’s very clear now that there was fraud,” the SkyBridge Capital founder told CNBC. “We’ll, of course, have to let the le...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...
Cathie Wood’s Ark Invest adds another $2.5 million in Coinbase shares
Cathie Wood’s Ark Invest loaded up on more Coinbase shares Thursday, continuing this week’s spending spree as the stock rallies. Ark added 52,813 Coinbase shares to its Ark Innovati...
Head of $100 million venture studio Spartan Labs departs
The head of Singapore-based Spartan Group’s $100 million venture studio has quietly left after less than a year in the role. It remains unclear what motivated the departure. Shaun Heng, who was ...
Cathie Wood sees ‘wall of worry’ ignoring blockchain tech, digital wallets and ChatGPT
Ark Invest founder and CEO Cathie Wood said equity markets plagued by a “wall of worry” have “largely ignored” game-changing innovation last year that included blockchain techn...
ConsenSys to lay off 100 or more employees: Coindesk
ConsenSys will let go of as many as 100 or more employee, CoinDesk reported, citing a person familiar with the matter. The exact number of employees that could be laid off is not clear, as the ...
Gemini CEO Winklevoss escalates DCG spat, demands removal of Silbert
Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange’s Earn users. &...
Coinbase Dismisses 950 People Citing Current Economic Climate
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions. Brian Armst...
India’s 10 richest people control a fortune worth 11% of the country’s GDP
India ranks among the fastest-growing economies in the world, and as the country continues to progress, so are the fortunes of its wealthiest citizens. However, there is staggering wealth concentratio...
Prosecutors investigate former FTX executive Nishad Singh: Bloomberg
Federal prosecutors are probing whether former FTX Director of Engineering Nishad Singh played any role in trading schemes that resulted in the illicit use of customers’ funds, Bloomberg first r...
Suze Orman says to be ‘very, very careful’ before you do this — but for some people it can be a savvy money move
Suze Orman has a message about HELOCs: “Please be very, very careful if you are considering borrowing against the equity in your home. It is very risky.” Anna Webber/Getty Images Home equity lines of ...
Former FTX U.S. president Harrison says he’ll share information on exchange ‘in time’
Brett Harrison, former president of FTX U.S., plans to share information on the crypto exchange’s operations. Harrison responded to a post on Twitter asking what he knew about FTX’s U.S. unit, a...