Coindesk Financial News

20.02 / 03:17

Digital Coindesk Ruble Russia preps digital ruble pilot

Central bank first deputy chairman Olga Skorobogatova told reporters that, while the pilot will involve real payments, it will be for a limited number of transactions and customers.Russia had planned to begin testing a digital ruble in 2021, but put back the project in the face of concerns from banks that it could make the banking system more centralised, according to CoinDesk.

16.02 / 17:17

UPS Provident Action Coindesk FTX Sam FTX Founder Sam Bankman-Fried’s Two Bond Guarantors Have Finally Been Unveiled – Court Documents Revealed Here

The two mysterious co-signers on FTX founder Sam Bankman-Fried’s bond managed to keep their identities hidden for a long time, but new court documents have finally revealed who they are.

13.02 / 19:25

COST Binance Digital CEO Gemini Coindesk Crypto lender Genesis Crypto Lender Genesis Slashes 30% of Staff, Considers Bankruptcy

Cryptocurrency lender Genesis Global Trading Inc. laid off 30% of its workforce in a second round of layoffs in six months, and is considering bankruptcy as the FTX contagion continues to spread.

13.02 / 19:24

Binance Digital Booking Coindesk Nov Bitcoin FTX Contagion: Genesis Is On The Brink of Collapse As It Struggles To Raise $1 Billion

Cryptocurrency brokerage firm Genesis, which is seeking at least $1 billion in fresh capital, warned on Nov. 21 that it might file for bankruptcy without it.

13.02 / 19:22

Binance CEO coinbase Coindesk Fine Coinbase to Pay $50 Million Fine to New York Regulators

Coinbase Global Inc., a U.S. cryptocurrency exchange, settled with New York state regulators for $100 million after an investigation into the exchange's compliance with requirements to prevent money laundering.

13.02 / 18:22

Provident Binance Digital CEO Platform Gemini Coindesk CoinDesk Explores Sale as DCG Crisis Worsens

Cryptocurrency news provider CoinDesk, which broke the news that led to the collapse of FTX, hired financial advisory firm Lazard to explore a potential sale as its parent, Digital Currency Group, faces financial strain from the collapse of the cryptocurrency platform.

13.02 / 18:20

BTC Digital ETF coinbase Fallout Coindesk Bitcoin Low Amid FTX Collapse, Grayscale’s Bitcoin Trust Hits Record-Low Discount

Grayscale Bitcoin Trust (GBTC) fell to a record 43% discount to the value of its underlying bitcoin assets after the collapse of FTX.

19.01 / 12:45

Coindesk Digital Currency Group genesis Top crypto Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?

Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.

22.11 / 17:08

UPS Binance Coindesk Takeover Binance pulls out of FTX takeover

The u-turn comes a day after Binance and FTX agreed the takeover, although both stressed that this was predicated on a full due diligence process.Since then, Bloomberg has reported that the Securities and Exchange Commission and the Commodity Futures Trading Commission have been investigating FTX’s relationship with FTX US as well as sister entity Alameda Research for months.Alameda Research is the crypto trading firm run by FTX chief Sam Bankman-Fried.

17.11 / 12:51

cryptocurrency Binance Coindesk Voyager Digital Binance to relaunch bid to buy bankrupt Voyager Digital: Coindesk

Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt crypto lender Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter.

14.11 / 17:39

UPS Ethereum Digital Coindesk Bitcoin Bankruptcy, stolen crypto investigation and criminal probes: The latest on the FTX collapse

Cryptocurrencies are still feeling the aftershocks of last week after the third-largest crypto exchange FTX imploded and later filed for bankruptcy.

10.11 / 01:11

UPS Binance Coindesk Takeover Binance pulls out of FTX takeover

09.11 / 22:31

UPS Binance Coindesk Takeover FTX faces US regulator investigation as Binance wavers on takeover

Alameda Research is the crypto trading firm run by FTX chief Sam Bankman-Fried.

20.10 / 20:17

Ethereum Provident ETF Coindesk Bitcoin asset manager $4.5 Trillion Asset Manager Fidelity to Add Ethereum Trading For Institutional Clients

In a bid to increase its institutional clients’ exposure to crypto, Canadian asset manager Fidelity has decided to enable Ethereum (ETH) trading starting October 28, according to a memo sent out by the company.

03.10 / 14:17

Coindesk Indian Indian crypto exchange WazirX fires 40% of staff: Report

crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce. A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported, citing sources. The laid-off employees were informed on Friday that they would be paid for 45 days and that they would no longer be needed to report for work. «The crypto market has been in the grip of a bear market because of the current global economic slowdown,» WazirX was quoted as saying in a statement.

22.09 / 02:25

UPS SoftBank Coindesk valuation FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions.

17.09 / 19:33

Blockchain Ethereum CoinMarketCap Coindesk network Rocky ETHW ETHW: 90% miners may go bankrupt as forked network sees a rocky start

Sequel to its launch on the mainnet on 15 September, the proper take-off of the forked Ethereum Proof-of-work (ETH-PoW) has been hindered by glitches. As a result, the post-Merge PoW blockchain remains inaccessible just two days after its launch.

16.09 / 15:59

Ethereum Coindesk Bitcoin Ethereum Classic Bitcoin holds above $20,000, Ethereum volatile after ‘Merge’ upgrade

Ethereum's much-awaited ‘Merge’ upgrade.Bitcoin fell about 1.17 per cent to $19,674 while the second-largest crypto by market cap, Ethereum, was trading with a cut of 0.68 per cent at $1590. On the other hand, Ethereum Classic was up by over 4 per cent at $38.48 in a volatile session. Compared to Wednesday, the global crypto m-cap barely rose 0.1 per cent to $990.61 billion on Thursday, while volumes tumbled over 8 per cent in the last 24 hours to $88.47 billion as the investor community remained largely skeptical about the ambitious software upgrade. As per a Coindesk report, traders of futures tracking the two tokens took on some $80 million in cumulative losses, with Ether futures seeing $67 million in liquidations.

19.08 / 15:15

Digital coinbase Coindesk Bitcoin 500 Marathon Bitcoin drops under $21,500, tanking Coinbase, Marathon Digital stocks

Bitcoin sank to below $22,000 on 19 August, following global stocks lower amid uncertainty over how aggressive the Federal Reserve would be in its effort to cool inflation with interest rate hikes.

29.07 / 13:23

FIVE Action Coindesk Luna Zipmex becomes latest crypto market victim, files for bankruptcy protection in Singapore

At the time, Zipmex had claimed it was working to address exposure of $53 million to crypto lenders Babel Finance and Celsius amid the threat of legal actions from creditors, as reported by Coindesk. Zipmex is the latest victim in a growing line of crypto firms experiencing issues after the sharp selloff in May 2022 that resulted in the collapse of Luna and TerraUSD.

21.07 / 18:01

UPS Fallout Coindesk Crypto startup Blockchain.com lays off 25% of staff as 3AC fallout spreads

Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions.

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