Category: Finance

Galaxy's Head of Mining Amanda Fabiano Departed to Start Consulting Company

October 3, 2023CryptoLeave a Comment

Fabiano’s new company will work with Compass Mining and Giga Energy, among others.

Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

September 28, 2023CryptoLeave a Comment

The centerpiece story was Allison’s explosive Nov. 2, 2022, piece that raised questions about how sturdy Alameda Research, Bankman-Fried’s large trading firm, was – and, by extension, how safe the billionaire’s affiliated and better-known crypto exchange FTX was. Other CoinDesk stories honored by the Loebs revealed the unusual living arrangements of Bankman-Fried’s inner circle, documented […]

Ethereum Wallet Tied to Mexico’s Sinaloa Cartel Sanctioned by US Treasury

September 26, 2023CryptoLeave a Comment

A U.S. Treasury press release states that Jimenez Castro “operates money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico.”

Crypto Exchange HTX Lost $8M of Ether Due to a Hack, Justin Sun Says

September 25, 2023CryptoLeave a Comment

HTX, formerly Huobi, has been hacked with the total loss totaling 500 ether (ETH) worth around $8 million, according to HTX advisor and Tron founder Justin Sun.

Coinbase (COIN) Has Recently Held Talks to Buy FTX Europe: Fortune

September 22, 2023CryptoLeave a Comment

Derivatives, which are financial contracts that derive their value from an underlying asset such as bitcoin (BTC), can be lucrative for both traders and the exchanges that serve them. FTX Europe, like other European exchanges, offered a range of derivatives products, but it also was the only firm with a license to offer perpetual futures, […]

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

September 21, 2023CryptoLeave a Comment

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show

September 19, 2023CryptoLeave a Comment

Prime Trust filed for bankruptcy in August, roughly two months after Nevada regulators alleged the company was unable to meet its customers’ withdrawal requests. The company also used customer funds to invest in failed stablecoin project Terra, in addition to engaging in other dubious business practices, a court filing shows.

Binance Says SEC’s Request for Depositions is ‘Overbroad’ and 'Unduly Burdensome'

September 12, 2023CryptoLeave a Comment

Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted.

NFT Video Startup Glass Falls to Crypto Bear Market

September 8, 2023CryptoLeave a Comment

The idea of Glass was to give online content creators a platform for minting and selling their videos directly to their fans, where they might make more money than, say, on YouTube. Its founders saw the blockchain as bringing more transparency to this process, and also permanence, by storing them in a decentralized manner.

A Fake Grayscale (GBTC) Account Shows the Perils of Elon Musk’s X

September 8, 2023CryptoLeave a Comment

Before Elon Musk bought Twitter and renamed it X, a blue checkmark – like the one emblazoned on @Grayscale_FND’s account – was a sign the account was verified, that some measure of thought and vetting had occurred before the account got that label. Now, it means the account owner can afford $8 a month, giving […]