Business Financial News
15.08 / 16:29
15.08 / 11:27
business
community
Bankruptcy
global crypto community
Prime Trust bankruptcy spotted by crypto community months ahead
Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million.
15.08 / 09:37
business
Adoption
New Zealand crypto exchange Dasset enters liquidation
Customers of Auckland-headquartered crypto exchange, Dasset, are denied access to their funds, the company’s representative revealed the beginning of liquidation.
15.08 / 04:35
business
regulation
Altcoin
Fraud
FTX
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.
15.08 / 04:35
business
Binance
regulation
SEC
Court
Binance seeks protective order against SEC’s ‘fishing expedition’
Binance has asked a court for a protective order against the Securities and Exchange Commission (SEC) over what the crypto exchange claims is a "fishing expedition" from the regulator.
15.08 / 03:13
business
Adoption
regulation
Banks
banking
Crypto highlighted as 'novel and complex' risk to US banks: FDIC report
Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator.
15.08 / 02:04
business
Law
Adoption
ETF
SEC
us government
Bitcoin
Grayscale Bitcoin ETF
week
Grayscale Bitcoin ETF decision could happen this week, pundits say
Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end.
15.08 / 02:03
business
Court
Bankruptcy
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds.
14.08 / 22:39
business
Blockchain
Funding
Kraken
Venture Capital
Kraken Ventures to raise $100M in second fund, with focus on ‘early stage founders’
Citing the organization’s extensive experience in having completed “hundreds of early stage investments,” Brandon Gath, managing partner for Kraken Ventures, told Cointelegraph in an email that the new fund would focus on early stage founders but would offer support throughout the venture:
14.08 / 22:39
business
Bankruptcy
Celsius
settlement
Customers
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium called Fahrenheit buy Celsius’ assets and launch a new company. That company would distribute Celsius assets and equity in the new company to its customers.
14.08 / 18:53
business
Media
Digital Currency Group
Editorial
stake
CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report
CoinDesk is reportedly planning layoffs in its editorial department ahead of the sale of a stake in the publication to investors, according to media reports.
14.08 / 15:09
business
Adoption
coinbase
Coinbase VP says Canada can be a ‘global leader’ in crypto
Cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company.
14.08 / 15:09
business
Blockchain
Tether
Prison
Chinese man sentenced to 9 months in prison for buying 13K in USDT
An individual, identified only as Mr. Chen, has been convicted by the Fuzhou Mawei People's Procuratorate on charges of "offense of concealment and concealment of crime" for purchasing 94,988 ($13,067) Chinese Yuan worth of Tether (USDT) for an acquaintance.
14.08 / 10:35
business
Investments
Google
Anthropic AI raises $100m from South Korea to bolster telecommunications industry
Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom.
14.08 / 07:59
business
Adoption
Payments
wallet
PayPal
PayPal to roll out Cryptocurrencies Hub for select users
Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin (BTC) and cryptocurrencies in their PayPal account.
14.08 / 05:43
business
Ethereum
Adoption
Hackers
Meta Ceo
Weekend
Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more
A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800.
14.08 / 05:43
14.08 / 05:43
business
FTX
Prison
Fried
Sam
Sam Bankman-Fried spends 3rd night in notorious New York prison
Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York's most notorious prisons — a far cry from his parent's multi-million dollar five-bedroom home in Stanford.
13.08 / 08:47
business
Blockchain
Tokens
Voyager’s token transfer to Coinbase sparks sell-off suspicions
Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan.
11.08 / 21:53
11.08 / 18:39
business
stocks
Bitmain
Bitcoin
Time
Bitdeer's losses widen in Q2 after one-time $33M listing fee, shares up 44%
Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022.
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