Business News
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BlockFi’s leaked financials shows $1.2 exposure to FTX
A previously redacted financial documents was mistakenly released without the redactions and the figures would explain the fall of BlockFi.…
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Gemini will lay off 10% of its employees, citing bad actors
Gemini and its founders, the Winklevoss twins, have been in the news recently for their dispute with Genesis, its parent…
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Genesis hopes to resolve disputes with creditors before the end of the week
Genesis Global Capital, the crypto lending business of Genesis and parent company Digital Currency Group, filed for Chapter 11 bankruptcy…
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Borussia Dortmund and Coinbase expand their partnership
Coinbase recently had to lay off 950 employees and stop its operations in Japan to weather the prolonged crypto winter.…
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Could FTX rise from the ashes and reopen ?
In his first interview since he took over FTX in November, John Ray III said he was open to the…
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Former FTX US President gets funding from Coinbase and Circle for new startup
Brett Harrison served as President of FTX US for 17 months before he quit in September last year. And according…
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Genesis files for bankruptcy, Cameron Winklevoss threatens to sue DCG and its founder
Genesis is the latest victim from the FTX collapse. The company filed for Chapter 11 protection in the Southern District…
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DEx aggregator 1inch is working on its own hardware wallet
The trend for self-custody continues. The popular Decentralized Exchange (DEx) aggregator 1inch Network announced its own 1inch Hardware Wallet. Built…
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Is Genesis Global Capital about to file for bankruptcy ?
According to Bloomberg, the lending arm of DCG is in the process of filing for bankruptcy, as soon as this…
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The National Australia Bank aims to launch a stablecoin in mid-2023
As per a report from the Australian Financial Review, the National Australia Bank, one the four biggest banks in Australia,…
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Silvergate reported losing almost $1 billion in Q4 2022
Like most of the industry, crypto friendly banks have suffered from the FTX debacle. Silvergate recorded in the last three…
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Coinbase stops operations in Japan a week after announcing a lay off of 20%
Last week, Brian Armstrong announced that Coinbase would cut expenses by laying off 20% of its staff, citing difficult market…
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Tether processed more settlements than Visa and Mastercard in 2022
Despite the difficulties faced by the oldest stablecoin, Tether processed higher amounts in 2022 than payment giants Visa and Mastercard.…
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The “Crypto Queen” resurfaces to claim a £13.5 million flat in London
Some thought she was dead, some said she changed her appearance to become a “crypto king”, but no one had…
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A California cannabis producer will use blockchain to track its products
When people talk about blockchain, most of us think cryptocurrencies and Bitcoin. But the technology itself has many more uses…
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Clients of FTX Japan should get back some of their funds in February
Customers who lose assets from exchanges going bankrupt usually have to wait months if not years to recover part or…
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Iran and Russia are to collaborate to create a gold-backed stablecoin
Iran and Russia have been struggling economically from financial and trade sanctions imposed by the European Union and the United…
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SBF ordered co-founder Gary Wang to create a $65 billion line of credit for Alameda
As per a report from the New York Post, Sam Bankman-Fried had asked his co-founder and CTO Gary Wang to…
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FTX gets approval to sell LedgerX and other subsidiaries
According to a filing in Delaware Bankruptcy Court, in charge of the FTX bankruptcy, Judge John Dorsey gave his approval…
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After Coinbase, Crypto.com lays off 20% of its employees
The slight relief rally that we witnessed in the past few days isn’t enough for companies to keep their workforce.…
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Ark Invest keeps buying Coinbase shares while the price goes up
“Buy the red, sell the green” is the motto for many traders. But not for Cathie Wood. After Brian Armstrong’s…
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Ava Labs partners with Amazon cloud, AVAX rallies
Amazon Web Services is now partnering with Ava labs, the company behind Avalanche. Avalanche is a layer-1 blockchain launched in…
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FTX has recovered $5 billion in liquid assets
According to Reuters, an attorney of FTX told yesterday to the U.S. Bankruptcy Court in Delaware that the exchange’s new…
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Was SBF paying VC funds in order for them to invest later in FTX ?
New revelations could explain why so many Venture Capitalists invested in FTX in the two years before its collapse, without…
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Binance.US received initial approval for its acquisition of Voyager’s assets
According to Reuters, after facing opposition from the SEC and other regulatory institutions, U.S. Bankruptcy Judge Michael Wiles finally gave…
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Could this signal the arrival of the Twitter Coin ?
Jane Manchun Wong, Security and tech researcher, first mentioned the Twitter Coin at the beginning of December. Yesterday, she shared…
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Binance saw its annual revenue multiplied by ten in 2 years
Despite a market that has been rough on exchanges since November 2021, Binance, led by famous CEO Changpeng Zhao, recorded…
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Coinbase will let go another 20% of its workforce
In an official statement released earlier today, Coinbase’s CEO Brian Armstrong announced that the decision was made to let go…
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Microsoft ponders investing $10 billion in OpenAI, ChatGPT’s owner
For a while, ChatGPT was trending on Twitter. The artificial intelligence application, which some believe could some day dethrone Google,…
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The U.S. Department of Justice opens a website for victims of SBF
In order to efficiently communicate with victims of the FTX debacle and more specifically of the fraud by FTX’s former…
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FTX spent $40 million on hotels, flights and food in the Bahamas
According to a recent filing, FTX Digital Markets, the Bahamas branch of the defunct exchange, spent around $40 million in…
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