FTX advisors billed the bankrupt firm for a whopping $103M in Q1
After Sullivan & Cromwell, consulting firm Alvarez & Marsal billed the second largest amount for its finance and accounting work.
Posts published by Cointelegraph.com News 492/657
White House advisors renew push for 30% digital mining energy tax
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community.
Amnesty nixes AI-generated images of Colombian protests after criticism
The human rights advocacy group pulled the faked images following widespread online criticism.
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers.
Retail CBDCs bring unknown 'consequences' to financial system: IMF director
The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable.
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
The investment bank downgraded Coinbase stock to "Neutral" amid the exchange's ongoing battle with U.S. regulators.
US congressmen chide presidential advisers over crypto stances in economic report
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets.
Sports Illustrated launches Polygon-based NFT ticketing platform
SI's new service, called "Box Office," will allow event organizers to issue commemorative nonfungible token tickets, including pre-attendance and post-event audience perks.
Interest rate hike speculation triggers outflows from crypto investment products: Report
According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3.
How can Bitcoin hold $28K amid the banking crisis?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin’s $28,000 support has a chance amid the recent banking crisis.
The ABCs of Crypto: Teaching the next generation of Web3 users
This latest report presents an overview of two of the most popular use cases for blockchain technology — DeFi and NFTs — to help onboard the next generation of crypto users.
Blur NFT lending surpasses $16M in loans, led by Machi Big Brother
The milestone comes just one day after the protocol's launch on May 1.
Student interest in ChatGPT skills on Udemy increased by 4,419% since 2022: Report
The latest topic consumption report from Udemy shows an increase in interest in ChatGPT as well as skills related to cloud computing and blockchain.
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
Coinbase officers, board members face suit over alleged insider trading during listing
The suit charges the alleged inside traders saved over $1 billion by selling their shares when the company went public despite knowing they would lose value.
What is the wash-sale rule, and does it apply to crypto?
The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days.
Ethereum whale population drops after Shapella — Will ETH price sink too?
Ethereum's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
17 factors to consider when evaluating a potential Web3 partnership
Proper vetting of potential Web3 partners includes looking both at traditional business fundamentals and industry-specific USPs.
BTC price may need a $24.4K dip as Bitcoin speculators stay in profit
Bitcoin short-term holders are slowly seeing profits evaporate as BTC price action trends lower, but more downside could be next.
British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation
“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said the MP.
SEC crackdown on crypto staking in the US could boost decentralization
Recent regulatory actions have crypto staking providers in the United States on edge.
Crypto and AI: Control the robots, incentivize the humans
Does AI need blockchain and crypto to incentivise the humans in the loop — or to help keep the robots in line?
Coinbase International Exchange launches amid SEC crypto crackdown in the US
The Coinbase International Exchange will roll out trading by listing Bitcoin and Ether perpetual futures.
Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely
Another top 20 U.S. bank bites the dust, but Ether’s price fails to benefit from the event.
Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals
While the Bitcoin hash rate briefly touches new highs, Bitcoin Ordinals contribute to daily transactions exceeding 500,000.
3AC founders run into fresh trouble in Dubai over new exchange OPNX
Dubai’s digital asset regulator claimed it had sent two cease and desist notices to the exchange in February and an investor alert against it in April.
Ava Labs founder awarded $3M in crypto defamation suit
Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021.
Bybit joins crypto exchanges offering crypto lending services
Dubai-based cryptocurrency exchange Bybit rolls out cryptocurrency lending service, joining a handful of major exchanges offering interest-bearing lending facilities.
Bitcoin price sweeps lows, but analysis still predicts a $25K dive
$30,000 and $25,000 form the upside and downside BTC price targets as Bitcoin stays caught between a resurgent U.S. banking crisis and the looming Fed meeting.