On October 24, CEO Elon Musk confirmed during a video conference with a group of bankers that he is prepared to close the acquisition of Twitter by Friday, October 28. According to sources interviewed...
Tag: Sources
What’s needed for stocks to rally is capitulation, but that could come from unexpected sources, strategist says
It’s the end of what felt like another very choppy week in stocks. And yet the S&P 500 SPX, +0.36% is in line to start the final session only about 1% or so below last Friday’s close. Uncertainty ...
3 More Pro XRP Parties Might Enter Lawsuit; Sources
The U.S. Securities and Exchange Commission (SEC) vs Ripple lawsuit will now see more participants but as friends of the court. In the latest ruling, Judge Analisa Torres has granted I-Remit’s and Tap...
TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
Justin Sun, founder of Tron, could be the real buyer behind the deal for the acquisition of Huobi Global, according to sources with the matter. The information was first disclosed by a Chinese online ...
Revolut’s EU banking COO jumps ship to join Headline-backed crypto startup: sources
Adriana Restrepo, the chief operating officer of Revolut’s European banking operations, has left to join a crypto startup founded by the neobank’s former head of crypto Jean Meyer, three p...
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid – Bitcoin News
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following t...
Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3
Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more ro...
Natural Gas And Nuclear Energy Are Becoming BTC Mining Sources
Bitcoin (BTC) energy requirement has been the highest source of concern regarding the crypto industry. During mining, its high consumption rate negatively impacts the environment. This issue could cau...
Nuclear and gas fastest growing energy sources for Bitcoin mining: Data
The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according...
Deribit raises funds from existing investors at $400 million valuation: Sources
Deribit, the largest bitcoin options exchange by market share, has raised funds from existing investors at a $400 million valuation, four sources with knowledge of the matter told The Block. The Panam...
Nearly 60 Percent of Bitcoin Mining Energy Comes from Sustainable Sources – crypto.news
MicroStrategy’s Michael Saylor has revealed via a blog post that contrary to what critics of proof-of-work (PoW) algorithms say, Bitcoin (BTC) mining is the most efficient, cleanest, industrial use of...
Crypto Exchange Binance’s Attempt to Buy Lender Voyager Digital’s Assets Complicated by CFIUS Concern: Sources
“Binance has made investments into countless American companies both directly and through Binance Labs,” Patrick Hillmann, the company’s chief communications officer, said Friday. “Binance has never b...
Norwegian Central Bank Open Sources CBDC Sandbox Code – crypto.news
Norway’s Apex bank has stepped up its digital currency adoption efforts by partnering with Ethereum layer-2 scaling platform, Nahmii to release the open source code for the country’s central bank digi...
Pantera Capital’s Exodus Broader Than Previously Reported: Sources
They aren’t the only ones to leave recently. Last week, CoinDesk broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two ...
4 Sources of Income for Your Retirement
After a lifetime of working and saving, retirement is the light at the end of the tunnel. Most of us envision it as a time of rest and relaxation when we enjoy the fruits of our labors. We envision a ...
Crypto Miner PrimeBlock’s CEO Has Left Firm After Canceled SPAC Deal: Sources
PrimeBlock didn’t give any reason for the termination of the merger. However, the crypto space as a whole has been under pressure amid falling prices, and that has caused pain in mining, squeezing pro...
SEC Chair, CFTC To Be Testified Over Crypto Bill: Sources
Gary Gensler, Chairperson of the U.S. Securities and Exchange Commission (SEC) landed under scrutiny over his approach to the crypto industry. Many key leaders have raised their voices demanding clari...
Senate committee preps hearing on CFTC regime for crypto exchanges: Sources
The Senate Agriculture Committee is preparing a hearing on a bill that would drastically alter regulation for crypto exchanges, according to five sources with knowledge of the matter. The bill in que...
By Killing Off ‘Reliable Sources’ And Firing Host Brian Stelter, CNN Hands A Big Win To Its Worst Critics
‘Reliable Sources’ host Brian Stelter (Photo by Michael Loccisano/Getty Images for CNN) Getty Images for CNN CNN boss Chris Licht has a vision for the network that has no room for the netw...
Altice USA targeting private equity infrastructure funds in early Suddenlink sale negotiations, sources say
Dexter Goei, CEO of cable and mobile telecoms company Altice. Benoit Tessier | Reuters Altice USA, the fourth-largest U.S. cable company, is focusing on private equity infrastructure funds as potentia...
Blockchain.com to Slash Workforce by a Quarter, Sources Claim
Crypto exchange Blockchain.com will cut its workforce by 25%, according to multiple sources. The cryptocurrency exchange had rapidly expanded during the bull market, taking on 450 staff in the last 16...
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of ...
Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto Advocacy Body is Dissolved: Sources
“We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision,” Sumit Gupta, co-chair of the now defunct BACC, said in a writte...
Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources
Su Zhu, the co-founder and CEO of bankrupt Three Arrows Capital (3AC), is reportedly amongst the creditors that filed claims against the embattled crypto hedge fund. This news was shared by a Twitter ...
UK Treasury Officials Met with Crypto and Venture Capital Firms in Q1: Sources
UK Treasury officials engaged with crypto stakeholders for several meetings. UK Treasury disclosed a number of meetings between top officials and crypto firms during the first quarter this year. Accor...
Celsius Secret Debtor Is EquitiesFirst: Reveals Sources
Celsius Network’s bankruptcy filings mentions a secret debtor. Two people close to the matter believe the debtor to be EquitiesFirst. EquitiesFirst owes $439 million to his company, as per...
India’s Crypto Industry Advocacy Body Is Disbanded by Parent: Sources
Reasons for the decision included a lack of maturity among crypto founders when dealing with government, inaction around critical matters despite prompting by India’s parliamentary finance body,...
Vauld CFO leaves struggling Asian crypto lender: sources
Vauld CFO Jatin Mazalcar has left the Singapore-based crypto lender after it was forced to halt client withdrawals last week, two sources familiar with the matter told The Block. While Mazalcar left t...
Celsius Makes More Repayments and Withdrawal: Sources
Celsius Network has repaid partial debts to decentralized finance and lending platforms Aave and Compound respectively, as it continues to tackle the potential insolvency issue. According to tracker E...
Babel Finance Hires Restructuring Specialist Houlihan Lokey: Sources
Babel Finance, a Hong Kong Bitcoin financial services company offering lending and asset management services, has hired U.S. investment banking firm Houlihan Lokey, a specialist with wide experience i...
FTX seeks to acquire troubled crypto lender BlockFi: sources
Crypto exchange operator FTX is seeking to acquire BlockFi outright, The Block has learned. The development comes in the wake of reports that FTX was in talks to buy a stake in the crypto lender, whic...