Tag: Report

A16z Sees Web3 Strength in Second ‘State of Crypto’ Report

“Our 2023 report aims to address the imbalance between the noise of fleeting price movements– and the data that tracks the signals that matter, including the durable progress of Web3 technology. Overall, the report reflects a healthier industry than market prices may indicate, and a steady cycle of development, product launches, and ongoing innovation,” wrote a16z’s Daren Matsuoka, Eddy Lazzarin, Robert Hackett, and Stephanie Zinn in an blog post. Source

Employees of South Korean Crypto Exchange Coinone Arrested: Report

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Winklevoss twins infuse Gemini with $100M personal loan: Report

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Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn. According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached out to Gemini for comment, but did not receive a response at the time of publication. EXCLUSIVE: Gemini founders Tyler and Cameron Winklevoss have lent $100 million to the crypto platform https://t.co/owaGrepngE — Bloomberg (@business)…

FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management – Featured Bitcoin News

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FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed to manage it responsibly.” More Than One Million Documents Reviewed FTX Debtors, an organization comprising entities that filed for bankruptcy protection in the U.S., has unveiled a report that “identifies and discusses control failures” by…

Coinbase head of exchange departs and plans to start new crypto project: Report

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Vishal Gupta, who has been the head of exchange at Coinbase, is reportedly leaving his position after more than two years at the United States-based cryptocurrency exchange. According to an April 10 Bloomberg report, Gupta planned to exit Coinbase but remain in the crypto space, suggesting he could be planning to start a new project focused on digital assets or blockchain. Prior to his time at Coinbase, Gupta was the head of USD Coin (USDC) for stablecoin issuer Circle as well as a vice president for Goldman Sachs. Former FTX…

Binance.US Relying on Middleman To Store User Funds As Crypto Exchange Struggles To Find Banking Partner: Report

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The US arm of leading crypto exchange Binance is reportedly searching for a new banking partner after Silvergate Capital and Signature Bank collapsed last month. The Wall Street Journal reports that Binance.US is struggling to find a bank that will directly hold its customers’ cash following the failure of Signature and Silvergate, which were the two most widely used banks for US crypto firms. The exchange reportedly failed to establish direct banking relationships with New Jersey-based lender Cross River Bank, which accommodates crypto and financial technology firms, and Pennsylvania-based regional…

Bitcoin proponents respond to New York Times’ BTC mining report

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The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data. The NYT article says Bitcoin mining has a “voracious” appetite and claims it uses as much energy as all residences in New York City. In response, Daniel Batten — a Bitcoin environmental, social and governance (ESG) analyst — pointed toward what he said were…

Report Uncovers Former FTX US President’s Resignation and Accounting Failures at Failed Crypto Exchange

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A recent report reveals that the former President of FTX US, Brett Harrison, stepped down from his position in September 2022 due to an ongoing disagreement with CEO of FTX, Sam Bankman-Fried, and his circle. In addition, the report alleges accounting downfalls at the now-failed crypto exchange, which Bankman-Fried and his colleagues could have better managed. As per the report, employees were instructed by an unnamed higher-up to provide “some numbers” for a portfolio summary in June 2022, but the information was inaccurate. Harrison expressed worries regarding the management of…

Google ChatGPT rival AI faces in-house resistance: Report

Artificial intelligence (AI) has become a major talking point after the rise to prominence of AI chatbot ChatGPT from OpenAI and generative AI image makers like Midjourney and DALL-E 2. However, not everyone sees eye to eye with this emerging technology. A new report from the New York Times revealed that in March two Google employees tried to stop the company from launching its own AI chatbot rivaling that of OpenAI. According to the NYT report, the jobs of the employees are specifically to review Google’s AI products. Allegedly the…