Business Financial News
24.01 / 10:31
business
Law
Mining
regulation
Bloomberg
Bankruptcy
Bitcoin
Backed
Bitcoin Miner
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports.
24.01 / 08:23
business
lending
Court
Digital Currency Group
Bankruptcy
exit
resolution
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.
24.01 / 08:03
business
Adoption
Investments
Federal Reserve
cryptocurrency investment
inflation
Ark Invest CEO eyes crypto turnaround amid whiffs of a Fed pivot
The chief executive from crypto and tech investment firm Ark Invest believes crypto assets will see a huge turnaround this year as inflation falls and the Fed pivots.
24.01 / 07:49
business
Blockchain
Law
Adoption
privacy
Scams
Usd Coin
Lawyers
NFT-delivered court orders an answer to blockchain-related litigation: Lawyers
Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers.
24.01 / 05:33
business
Blockchain
Pantera Capital
hedge fund
Time
‘Tremendous time' to start a blockchain company, says Pantera General Partner
Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.
23.01 / 16:55
business
Mining
NASDAQ
stocks
Bitcoin
Bitcoin Miner
compliance
Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule
Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq.
23.01 / 14:51
business
SEC
Gold
Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.
The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law.
23.01 / 13:19
business
Blockchain
Binance
Trading
coinbase
Token dump following Binance listing raises insider trading suspicions
Insider trading has become a burning topic in the crypto ecosystem, especially in light of the recent conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the first involving cryptocurrency, and now another set of wallet addresses with transaction history linked to Binance listings has raised suspicion.
23.01 / 09:25
business
Blockchain
economy
FTX
BTC Markets
Bitcoin
Bitcoin Price
Bitcoin price surge
Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in
While Bitcoin (BTC) has experienced a price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term.
23.01 / 09:25
business
coinbase
Analysis
stocks
exchanges
shares
analysts
Costs
Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts
Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts.
23.01 / 07:05
business
regulation
SEC
Bitcoin Regulation
Former SEC chief blasts 'bogus' catchphrase: 'Regulation by Enforcement'
A former Securities and Exchange Commission (SEC) official has slammed "cryptocurrency lobbyists" for labeling SEC enforcement actions as "regulation by enforcement" — calling the term a "Bogus Big Crypto Catch Phrase."
23.01 / 06:15
business
Blockchain
Ethereum
Adoption
defi
privacy
Vitalik Buterin divulges the 'largest remaining challenge' in Ethereum
Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.
22.01 / 23:17
business
lending
Digital Currency Group
Bankruptcy
hearing
Genesis bankruptcy case scheduled for first hearing
The first hearing in Genesis Capital's bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case.
22.01 / 06:23
business
Blockchain
education
Binance Charity to provide over 30K Web3 scholarships in 2023
The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging out a career in Web3 in 2023.
22.01 / 03:27
business
Blockchain
Binance
transactions
swift
Binance's SWIFT banking partner set to ban USD transfers below $100K
Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.
21.01 / 20:57
business
Banks
Financial Services
Financial Systems
U.S. home-loan banks lent billions of dollars to crypto banks: Report
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, according to a report from The Wall Street Journal on Jan. 21.
21.01 / 09:53
business
regulation
FTX
Court
Bankruptcy
SBF to forfeit $700M worth of assets if found guilty of fraud
According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud.
20.01 / 23:47
business
Digital Currency Group
Bankruptcy
committee
Genesis' bankruptcy filing was decided by independent committee according to DCG
Genesis Capital's parent company Digital Currency Group (DCG) denied involvement in Genesis' bankruptcy filing in a statement on Jan. 20. According to DCG, a special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
20.01 / 23:13
business
Web3
Venture Capital
FTX
Digital Currency Group
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
Large enterprise businesses spend tons of money keeping track of their financial dealings — think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried, meanwhile, used Microsoft Excel.
20.01 / 22:59
business
Gemini
Grayscale
Decentraland
Winklevoss Twins
Digital Currency Group
Opinion: Digital Currency Group's Genesis implosion marks another bottom in trust for crypto
It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we have yet another industry giant with a tale of incestuous lending, little risk management to speak of and opaque reporting policies.
20.01 / 18:55
business
Funding
Venture Capital
FTX
US President
Former FTX US president raises $5M for new crypto software firm
The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg.
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