104 / 110 Relevant items tagged with #Finance

Posts

OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets

[Mar 29, 2023 8:55 PM] FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

[Mar 29, 2023 4:00 PM] According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that…

Stargate Members Discuss Plans for $2M Worth of Arbitrum Tokens on Community Call

[Mar 29, 2023 2:58 PM] The distribution of more 1.6 million ARB tokens will deepen the connection between Arbitrum and Stargate.

Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup

[Mar 29, 2023 2:27 PM] The moves come as the country tightens rules for cryptocurrency exchanges.

Crypto Exchange Trader Joe Booms on Arbitrum, Spurring JOE Token Rally

[Mar 29, 2023 2:17 PM] Trader Joe is seeing activity spike on its Arbitrum crypto trading venue.

Market Maker DWF Labs Emerges as Top Crypto Investor

[Mar 29, 2023 1:50 PM] Managing partner Andrei Grachev discussed the firm’s investment strategy – and continuing risks for the industry.

Latin American E-Commerce Giant Mercado Libre Expands Crypto Trading to Chile

[Mar 29, 2023 11:01 AM] The company launched the service in partnership with Ripio, a regional crypto firm.

The Short-Sightedness of Run-Amok Regulators

[Mar 29, 2023 10:44 AM] Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

Bitcoin Miner Stronghold Raises Year-End Hashrate Guidance to 4 EH/s

[Mar 29, 2023 9:27 AM] Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining.

AI-Focused Crypto Protocol Fetch.ai Raises $40M to Deploy Decentralized Machine Learning

[Mar 29, 2023 9:00 AM] The $40 million funding marks yet another investment by market maker DWF Labs, its fifth this month.

Dragonfly Leads $6.5M Round for Aptos Protocol Econia Labs

[Mar 29, 2023 7:28 AM] The startup offers an order book protocol for decentralized finance (DeFi) in the Aptos ecosystem.

Investment DAO Hydra Ventures Raises $10M to Fund Other DAOs

[Mar 29, 2023 7:00 AM] Web3 investors such as 1kx, ConsenSys, Collab+Currency, Wicklow Capital and Seed Club were among firms joining the investment round.

DeFi Platform Lido to Cease Staking on Polkadot, Kusama in August

[Mar 29, 2023 4:56 AM] Decentralized finance staking service Lido has passed a governance vote to sunset its staking program with Polkadot and Kusama.

Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

[Mar 28, 2023 11:30 PM] According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give…

The Liability of DAOs and Their Founders Has Been Put to the Test in Court

[Mar 28, 2023 10:31 PM] Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts.

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

[Mar 28, 2023 4:00 PM] According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation…

Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase

[Mar 28, 2023 2:35 PM] The crypto revolution was supposed to make finance more decentralized, but much of the industry is centralized. Regulatory pressure could change that.

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

[Mar 28, 2023 1:00 PM] On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According…

Staking Protocol EigenLayer Raises $50M Amid Crypto Winter

[Mar 28, 2023 10:00 AM] Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens.

Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdown

[Mar 28, 2023 9:00 AM] Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees.

Paradigm Leads $7M Round for Optimism-Based Startup Conduit

[Mar 28, 2023 9:00 AM] The newly announced startup will help developers launch Optimism-based applications.

Zero Hash Taps Former Stripe, Coinbase Exec as President and COO

[Mar 28, 2023 7:00 AM] Cyril Mathew previously led business development teams at Stripe and Coinbase.

AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi

[Mar 28, 2023 7:00 AM] AllianceBlock, a blockchain-agnostic platform, has signed a deal with business data provider Crunchbase to import traditional finance data into the DeFi ecosystem.

CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein

[Mar 28, 2023 1:43 AM] The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks

[Mar 28, 2023 1:30 AM] Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other…

Disney Lays Off Metaverse Team: WSJ

[Mar 27, 2023 11:32 PM] Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

[Mar 27, 2023 1:28 PM] If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.

Twitter Briefly Suspends Official Arbitrum Account

[Mar 27, 2023 1:12 PM] Twitter’s reasoning remained unclear at press time.

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

[Mar 27, 2023 12:50 PM] Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…