Crypto is currently experiencing a surge in activity and interest, with one of the biggest pieces of news being the arrest of Sam Bankman-Fried in the Bahamas on Monday. The exact charges against Bank...
Tag: Scoop
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
Gensler to brief House Democrats in run-up to FTX hearing: Exclusive
Democrats of the House Financial Services Committee will hear from Securities and Exchange Commission Chair Gary Gensler in the lead-up to a hearing on FTX next week. Gensler will speak at a Dem...
Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview
Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded. The exiled former exchange boss claims FTX CEO John J. Ray III has been icing him out since he to...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. &#...
Ngrave looks to raise $15 million Series A at $60 million pre-money valuation
Ngrave, a crypto hardware wallet manufacturer, is aiming to raise $15 million in a Series A funding round, according to a pitch deck obtained by The Block. Binance Labs is leading the round, a s...
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. ...
Scoop up every chance you get- Tezos preparing a stronger footing
XTZ NFTs have stuck to their excellent performance, notwithstanding the decline in other digital collectibles markets. The traders kept the NFT market alive with an ATH per its volume. Tezos shook han...
Crypto prime broker FalconX will no longer use Silvergate’s SEN network
Crypto prime broker FalconX will no longer use the Silvergate Exchange Network (SEN), according to an email sent by FalconX to clients and obtained by The Block. “Out of an abundance of caution ...
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
Whales Scoop Up One Ethereum-Based Altcoin While Dumping FTX and Crypto.com Exchange Tokens: Santiment
Crypto analytics firm Santiment says that exchange tokens recorded some of the largest price declines after the collapse of the FTX trading platform. Santiment says that amid the FTX debacle, crypto w...
Troubled crypto lender Vauld has $10 million stuck on FTX: Source
Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
Lawyer who beat Microsoft, repped Theranos, eyes suit against FTX’s celeb backers
High-profile FTX promoters like Tom Brady and Steph Curry could have a lawsuit on their hands. Famed lawyer David Boies is talking to clients about a possible class action lawsuit against celebr...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
FTX US had enough to repay all customers, Bankman-Fried tweets
Former FTX CEO Sam Bankank-Fried returned to his ongoing, mysterious Twitter thread with the following: a) Alameda had more assets than liabilities M2M (but not liquid!) b) Alameda had margin pos...
GOP lawmaker donates FTX exec’s campaign contribution
Rep. Kevin Hern, R-Okla., is the latest member of Congress to donate political funds he received from an FTX executive, distancing himself after the troubled crypto exchange filed for bankruptcy prote...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
FTX’s head of institutional sales resigns, says team was ‘completely in the dark’ about insolvency
Zane Tackett, head of institutional sales at FTX, sent a letter to clients stating that his team was “completely in the dark” about the firm’s potential insolvency over the course of this week. ...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
DeFi advocates push back against FTX-backed crypto bill
Decentralized finance advocates are scrambling to slow the passage of a digital asset regulation bill until next year, teeing up a struggle between some of crypto’s largest players, with Washington la...
Joyspun, Walmart’s New Intimates And Sleepwear Brand, Replaces $1 Billion Secret Treasures Line
Joyspun features a range of styles and inclusive sizes. Courtesy of Walmart Walmart has its eye on innerwear and sleepwear. A new brand, which launches today, is called Joyspun, and it features inclus...
Vauld seeks another four months of protection against creditors
Troubled Asian crypto lender Vauld needs more time to sort out its financial problems, as the firm has applied for another four months of protection against creditors, according to court documents obt...
Reddit Users Created 3 Million Crypto Wallets to Scoop Up Polygon NFTs
At least 3 million new users have turned to crypto, scrambling to scoop up one of Reddit’s Collectible Avatars NFTs. Redditors have created more than 3 million Reddit Vault wallets to buy and tr...
TradFi Firms Scoop up Crypto Talent to Boost Blockchain Business
Keen on developing their blockchain capabilities, traditional finance (TradFi) companies have been increasingly hiring crypto-savvy staff laid off by the market downturn. Prior to the market meltdown,...
Flashbots co-founder steps down after disagreements with team over censorship
Stephane Gosselin, co-founder of Flashbots, last month resigned from the maximal extracted value (MEV) service following disagreements with the team, he announced on Twitter. For a diverse and compet...
Arthur Cheong’s DeFiance Capital raising $100 million to invest in liquid tokens
DeFiance Capital, the crypto venture capital firm that recently distanced itself from bankrupt crypto hedge fund Three Arrows Capital (3AC), is in the process of raising a $100 million fund to invest ...
Sam Bankman-Fried May Scoop Up Bankrupt Celsius’ Assets: Report
Sam Bankman-Fried, helms crypto exchange FTX and trading firm Alameda Research, is considering buying the assets of the bankrupt lending firm Celsius, according to a Bloomberg report citing “a person ...
Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami
Zach Dexter will move up from heading FTX’s U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison’s departure, a person with direct knowledge of t...
Dogecoin Whales Scoop Up 620M DOGE in Anticipation of Price Breakout
Dogecoin (DOGE) price has finally taken a turn towards gains as the $0.06 support maintains its stance, but can a true reversal take place? The global cryptocurrency market cap moved back above the $9...
6 New Whales Scoop 620M DOGE, As Addresses Holding 100M to 1B Dogecoin Surge Over 5%
– Advertisement – Whale investors pick interest in Dogecoin. There has been a growing adoption of Dogecoin (DOGE) among cryptocurrency whales in the past week. These investors are taking...
It’s a great time to scoop up bargain stocks. Here are 21 examples that could make you a lot of money.
Are you a contrarian investor? Sometimes it seems everyone claims to be one, but it isn’t easy, especially after a wipeout such as the one we saw on Sept. 13. An investor who wishes to pay bargain pri...