Larry Fink: BlackRock Had Invested $24 Million in FTX
CEO of BlackRock Inc. Larry Fink said on Wednesday that the now-defunct FTX crypto exchange seems to have done “misbehaviors,” but that the technology behind crypto is important for the future. “We’ll have to wait and see how everything goes with FTX,” BlackRock CEO said. “I mean, we can make all the decisions right now, […]
Kraken cuts 30% of staff to ‘weather crypto winter’
The cryptocurrency exchange Kraken said it was getting rid of 1,100 jobs or 30% of its staff. Former CEO and co-founder Jesse Powell, who left his job in September, made the announcement. Kraken is the latest cryptocurrency company to lay off a lot of people. In a blog post, co-founder and former CEO of Kraken, […]
INX Digital Bids to Purchase Voyager Assets
The INX Digital Company, Inc. said today that it has sent a non-binding Letter of Intent to buy Voyager Digital Ltd’s assets. This comes after Voyager Digital Ltd filed for bankruptcy. INX is one of the companies that are competing to buy Voyager’s assets. INX’s offer to buy Voyager takes advantage of the fact that […]
Brazilian Government Approves Bill Regulating Crypto Transactions
Before the bill can become law, it still needs to be approved by the executive branch. Even though Brazil hasn’t made Bitcoin legal money like El Salvador did last year, the South American country did pass a law that makes crypto payments legal everywhere in the country. A federal legislative body in Brazil called the […]
Genesis Creditors Hire Lawyers to Prevent Bankruptcy
Bloomberg News says that Genesis is in talks with its creditors and possible investors. People who know about the situation told Bloomberg News on Wednesday that the creditors of Genesis Global Trading have hired restructuring lawyers to help figure out a way to keep the crypto brokerage from having to file for bankruptcy. People say […]