Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments
A group of creditors of the now defunct bitcoin exchange Mt. Gox have started preparing a rehabilitation plan to claim for bitcoin repayments.
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Sports gambling company Draftkings is shutting down its non-fungible token (NFT) business "effective immediately," the company said in an email to customers, ending a high-flying crossover between digital collectibles and sports culture. "After careful consideration, DraftKings has decided to discontinue Reignmakers and our NFT Marketplace, effective immediately, due to recent legal developments. This decision was
Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO
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Gary Gensler’s Catch-22 Vision of ‘Regulated’ Crypto Brokers
The House Financial Services Committee heard testimony from experts and insiders yesterday on the burning question of the best way to regulate digital asset markets. The discussion was specifically focused on a pair of draft bills on crypto market structure and stablecoin regulation, but also unfolded under the shadow of the U.S. Securities and Exchange…
Musk’s Tesla Still Holds $780M Bitcoin, Arkham Says, Ahead of TSLA Earnings
Tesla moved nearly its entire Bitcoin stash, worth nearly $780 million, to new wallets last week, causing some market volatility, but the BTC remains unsold and is believed to still be owned by Tesla. Bitcoin has been redistributed into several wallets, with the largest holding between $121 million and $142 million in BTC. Tesla continues
Ledn Launches USDC Stablecoin Savings Accounts With Focus on Latin America
May 14, 2020 at 13:00 UTCThe crypto loan startup Ledn, which primarily serves users in Latin America, is now offering USDC stablecoin savings accounts through a partnership with the lending and trading conglomerate Genesis. (Disclosure: Genesis is owned by CoinDesk’s parent company, Digital Currency Group.)Genesis VP of Originations Matt Ballensweig said in a statement his…
Bitcoin Miner Maker Ebang Estimates $2.5M Loss for Q1 in IPO Prospectus Update
Jun 18, 2020 at 10:29 UTCUpdated Jun 18, 2020 at 10:33 UTCMining machines Credit: ShutterstockBitcoin Miner Maker Ebang Estimates $2.5M Loss for Q1 in IPO Prospectus UpdateChinese bitcoin miner manufacturer Ebang estimates it incurred a net loss of $2.5 million on a revenue of $6.4 million for Q1 2020. The financial disclosure was posted Wednesday…
Coinbase Adds Charles Schwab Advisor to Board of Directors
NEWS Oct 2, 2018 at 16:30 UTC | Updated Oct 2, 2018 at 16:30 UTC Coinbase's leadership expansion continued Tuesday as it added Charles Schwab advisor Chris Dodds to its board of directors and tapped former Instinet CEO Jonathan Kellner to be its new managing director of the Institutional Coverage Group. In one blog post, Coinbase…