The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, accord...
Tag: report
US Feds Confiscate Nearly $700M of Sam Bankman-Fried’s Assets: Report
The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 milli...
GE set to report final pre-breakup earnings
General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial conglomerate expected to report its highest profit since before t...
NFT sales topped 101 million in 2022: DappRadar report
Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long...
NFT sales surge 67.57% in one year, generate billions in trading volume: Report
The number of non-fungible tokens sold in 2022 reached 101 million. The NFT market generated $24.7 billion in trading volume in 2022, a minor fall from $25.1 billion in 2021. The number of Non-Fungibl...
Ransomware Payments Decreased By 40% In 2022, Report
As with many other sectors, the crypto industry has attracted hackers and cybercriminals. Consequently, the growing ransomware attacks and money laundering activities turned financial watchdogs on the...
Bankrupt Crypto Exchange FTX Could Restart Operations, Says New CEO: Report
John J. Ray III, the bankruptcy lawyer who replaced Sam Bankman-Fried as FTX CEO, is reportedly considering the idea of rebooting the beleaguered crypto exchange. The Wall Street Journal reports that ...
The Block: Bitcoin mining report: Jan. 20
Bitcoin mining stocks tracked by The Block were higher on Friday, with 15 gaining and the other four declining. Bitcoin rose 5.3% to $22,216 by market close. Here is a look at how the indi...
Decentralized forex will reduce cost by as much as 80%: Report
If the foreign exchange market starts using decentralized finance (DeFi) protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according t...
Goldman Sachs slips on report the Fed is probing its Marcus business
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs shares came under pressure Friday afte...
Should you buy Schlumberger stock on a solid Q4 report?
Schlumberger NV (NYSE: SLB) is in focus this morning after the oil services company reported better-than-expected results for its fiscal fourth quarter. Schlumberger expects a strong 2023 More importa...
Report: North Korea Has Made Off with More Than $1 Billion in Crypto
The top spy agency of South Korea stated its neighbor North Korea has stolen an estimated $1.5 trillion won worth of cryptocurrency funds over the past five years. This is equivalent to about $1.2 bil...
FTX CEO says he is exploring rebooting the exchange: Report
John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com. According to a Jan. 19 report from The...
OKX Reveals $7.2B of ‘Clean’ Assets in Latest Proof-of-Reserves Report
OKX today published its third monthly Proof-of-Reserves (PoR) report showing $7.2 billion held by the exchange in Bitcoin (BTC), Ethereum (ETH), and the USDT stablecoin. Citing data from the blockchai...
BTC, ETH, DOGE, and ADA Are Undervalued, Report Indicates
Despite the increase in market capitalization, which shows investors might be returning, big large caps are still deemed undervalued. In a tweet posted today by blockchain intelligence firm Santiment ...
SOL, the Fastest Growing Developer Ecosystem: Electric Capital Report
Electric Capital’s Developer Report stated SOL as the fastest-growing developer ecosystem. SOL increased its developers by 31% while ETH increased by 6%. The bulls’ grips loosen as the bears exert exc...
With A Strong Earnings Report, Netflix Readies For The 2022-23 Upfront
At its fourth quarter earnings report Reed Hastings the Netflix co-founder said he was stepping down … [+] as co-CEO becoming executive chairman. (Photo by Wolter Peeters/Fairfax Media via Getty...
Dogecoin (DOGE) Becomes Third-Fastest Crypto at Decreasing Carbon Emissions, Slashing CO2 by 25% in 2022: Report
New data reveals that meme token Dogecoin (DOGE) is one of the fastest crypto assets at decreasing carbon emissions. According to a new report by foreign exchange data aggregator Forexsuggest, Dogecoi...
Distressed Crypto Firm Vauld Given New Deadline for Restructuring Plan as Customer Funds Remain Frozen: Report
Embattled crypto lender Vauld now has until February 28th to come up with a restructuring plan without getting hounded by claims from creditors. The company is initially set to submit its revival plan...
The Block: Bitcoin mining report: Jan. 19
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with 10 gaining and the other 9 declining. Bitcoin rose 1.7% to $21,099 by market close. Here is a look at how the indivi...
HashKey Capital Joins Most Active VC Firms’ Top League: Report
Vladislav Sopov HashKey Capital, global cryptocurrency-focused VC firm, booked its spot on top VCs list, new report says Contents With 321 investments, HashKey Capital named among most active VC backe...
John Ray Says Reviving FTX is on the Table: Report
The acting Chief Executive Officer of FTX, John J. Ray III, who is in charge of making sure that the creditors of the bankrupt exchange receive as much compensation as possible, said that the platform...
A look at Polkadot’s growth through the lens of DFG’s latest report
Polkadot’s latest annual update offered healthy insights into the areas where the network achieved growth. Solid development activity, as well as parachain and relay chain growth, highlighted the ecos...
FTX profited from Sam Bankman-Fried’s inflated coins: Report
Sam Bankman-Fried, the former CEO of the FTX crypto exchange, used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX’s sister company, Alameda R...
Flashbots Seeks to Raise $50M at $1B Valuation: Report
Key Takeaways Flashbots is seeking to raise between $30 million and $50 million. The MEV company is being valued at $1 billion. Flashbots has recently come under fire for its role in censoring Tornado...
Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
The financial sandbox initiative of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report f...
OKX Releases Proof-of-Reserves Report With $7.5B “Clean Assets”
After the excessive turmoil in the crypto market triggered by the FTX liquidity and bankruptcy scandal, several crypto service providers began publishing their reserve funds. Popular crypto exchange O...
National Australia Bank to Launch Stablecoin on Ethereum, Algorand: Report
Several countries have been planning to explore stablecoins despite the initial reluctance and more recent implosion of Terra. The latest one to jump on the bandwagon is one of Australia’s four larges...
Bank of America customers report ‘disappeared’ money from accounts after Zelle issue
Bank of America customers lit up social media on Wednesday with complaints that Zelle transactions weren’t being processed and money was missing from their accounts. “I almost lost my mind...
CryptoQuant’s 5 indicators suggest an imminent crypto bull run – report – Cryptopolitan
The crypto market value is trading a little shy of the $1 trillion mark marking a sudden crypto bull run from the December lows. CryptoQuant is an on-chain data aggregator that provides valuable insig...
Asian Traders Behind Bitcoin’s Recent Gains, Report Reveals
Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the lat...
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: Report
Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment...