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Microsoft Exec Says Metaverse Is Must-Have
5.1.2023
Live from CES 2023 in Las Vegas, Nevada, the tech giant is looking to transform the customer experience and believes the future will be based on a hybrid model
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role
MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes
5.1.2023
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition
CME Crypto Trading Volume Slumped to 2-Year Low in December
5.1.2023
Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines
Crypto Lender Genesis Lays Off 30% More of Its Staff
5.1.2023
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies
Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
5.1.2023
Silvergate today announced it was cutting down 40% of staff, amid major outflows from its platform
Crypto Lender Vauld Seeks to End Nexo's Purchase Agreement After Rejecting Revised Offer
5.1.2023
Cryptocurrency lender Vauld has rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two firms
Crypto Layoffs: Here's the Grim Count Since April
5.1.2023
As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff
Crypto Infrastructure Firm Securrency Hires State Street's Nadine Chakar as CEO
5.1.2023
Institutional cryptocurrency infrastructure firm Securrency has hired asset management giant State Street's head of digital Nadine Chakar as its new CEO
Telegram-Related TON Foundation Enters Crypto Storage Market
5.1.2023
The foundation aims to solve large-scale data storage problems with its new project
Cowen Downgrades Coinbase Stock Citing Trading Volume Declines
5.1.2023
Cryptocurrency exchange Coinbase (COIN) stock has been downgraded by analysts of investment bank Cowen, citing the ongoing fallout from the collapse of FTX
Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
5.1.2023
The crypto-focussed bank is writing off its acquisition of Diem's assets
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
5.1.2023
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still...
Crypto firm Juno urges users to withdraw after 'uncertainty' with custody partner
5.1.2023
Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre
US Regulators and the Fed Jointly Issue Crypto Warnings
5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...
Crypto Bank Juno Tells Customers to Self-Custody or Sell Amid Custodian Wyre's Turmoil
5.1.2023
Juno's current custodian, Wyre, will liquidate in January
Fanatics Selling Its 60% Stake in Sports NFT Firm Candy Digital: Report
4.1.2023
The sports merchandiser is selling its interest to an investor group led by Michael Novogratz’s Galaxy Digital, according to CNBC
Sam Bankman-Fried Faces ‘Tough Road,’ Legal Expert Says
4.1.2023
The former FTX CEO faces a legal uphill battle after pleading not guilty to eight counts of criminal charges
Ethereum Builder ConsenSys and AMD SPAC Plows on Despite 95% of Shares Being Redeemed
4.1.2023
Investors in W3BCLOUD’s merger with Social Leverage Acquisition Corp voted to redeem the majority of shares, according to a filing
Genesis CEO Says Solution Requires More Time
4.1.2023
Derar Islim addressed the institutional crypto brokerage's clients in a letter on Wednesday