Tag: Report

Alphabet Q4 2022 Financial Report Shows Earnings Miss as YouTube Struggles

Alphabet posted a less-than-savory Q4 2022 report that reflects the current tech downswing and looming recession.  Alphabet Inc (NASDAQ: GOOGL) recently posted its Q4 2022 results, which showed earnings miss on its top and bottom lines. As a result, the tech giant’s stock slid nearly 4% in the after-hours session, eroding some of its 7.28% earlier gains. Alphabet Q4 2022 Results by the Numbers On Thursday, Alphabet reported a revenue haul of $76.05 billion versus the markedly higher $76.53 billion analysts expected. In addition, the California-headquartered multinational also posted fourth-quarter earnings per…

Silvergate faces DOJ investigation over FTX and Alameda dealings: Report

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Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the bankrupt FTX exchange and its affiliates. The probe is investigating Silvergate’s hosting of accounts linked to former FTX CEO Sam Bankman-Fried’s businesses, according to a Feb. 3 report by Bloomberg, which cited “people familiar with the matter.” The California-based crypto bank is not accused of any crime, but investigators are attempting to discover how deep the dealings with FTX and Alameda went. Silvergate was heavily impacted by the collapse…

Only 4 people controlled Tether Holdings as of 2018: Report

A group of four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall Street Journal in connection with United States authorities investigations. New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure. The company is the issuer of Tether (USDT), the world’s largest stablecoin with $68 billion in circulation, according to CoinMarketCap. According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former…

Crypto-related enforcement actions by US states rose sharply in 2022: Report

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The number of crypto-related enforcement actions in the United States grew notably in 2022, according to a survey released by blockchain risk monitoring firm Solidus Labs. Both federal and state regulators broke records for enforcement actions. There were 58 actions carried out by the four main U.S. federal agencies engaged in crypto enforcement in 2022. That number surpassed the previous high of 40 recorded in 2020 and rose 65% over the 38 actions seen in 2021. The agencies – the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission…

Lack of liquidity mitigated damages to BonqDAO exploit: Report

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According to blockchain security firm CertiK, the damage caused to decentralized protocol BonqDAO on Feb. 1 may have been much less than initially thought.  As told by CertiK, the attacker first borrowed 100 million BEUR, a euro stablecoin, with less than $1,000 in collateral due to a lack of controls on the collateralization ratio. If users set the parameter to zero, then the platform defaults to returning the “maximum value of uint256,” allowing an astronomical sum of loans to be issued. However, CertiK said that despite the attacker borrowing 100…