Arca to Gnosis: Show Us a Turnaround Plan or Give Investors’ Money Back

Hedge fund manager Arca is stepping up its campaign to overhaul Gnosis, claiming the decentralized exchange and prediction market platform has deviated from its original mission. The post describes Gnosis’ $12.5 million 2017 token sale (which valued the project at $300 million) as an “interest-free loan.” After borrowing the money, the team “failed to deliver […]

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Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported

Signature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported.  Around $20 million of the $1.9 billion in PPP loans the bank extended was given to roughly 40 firms in the digital asset space, said CEO Joseph DePaolo. The executive would not name the firms […]

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Is Facebook the Sneaky Threat Amazon Never Saw Coming?

Facebook Shops launched this week, several months after a similar feature went live on Instagram. Small businesses dissatisfied with Amazon Marketplace finally have an alternative. Facebook’s partnership with Shopify should scare Amazon. Earlier this week, Facebook quietly launched a shopping tab on its flagship app. The move comes months after the social media giant introduced […]

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