Tag: Report

FTX profited from Sam Bankman-Fried’s inflated coins: Report

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Sam Bankman-Fried, the former CEO of the FTX crypto exchange, used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX’s sister company, Alameda Research, a New York Times report claimed on Jan. 18. As a way to keep FTX and the companies under its umbrella profitable, Bankman-Fried allegedly approached developers behind projects, insisting that they make their trading debuts on the exchange’s platform. Following that, the report claimed, Alameda Research would buy some of these freshly listed coins to raise their value.…

Media startup says it will buy back $10 million SBF stake: Report

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Media startup Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million stake in the company, according to a Jan. 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up what it is giving back. Scoop: Sam Bankman-Fried invested roughly $10 million of Semafor’s $25 million round, making him the company’s biggest outside investor. Semafor is buying back his interest and putting that money into a separate account…

Asian Traders Behind Bitcoin’s Recent Gains, Report Reveals

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Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US. Here is a chart that shows…

Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report

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The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report from Spain-based news outlet Cinco Días, the Bank of Spain gave the green light to Monei to issue its EURM token as part of a testing phase expected to last between 6-12 months. The sandbox was aimed at establishing a controlled testing environment for financial innovations projects in Spain under the supervision of central bank…

Roblox Stock Jumps 12% as December 2022 Metrics Report Shows Increase in Bookings

The company’s stock has increased more than 30% since the year started and has grown 36.52% over the past month. Online game company Roblox Corporation (NYSE: RBLX) saw its shares jump following the release of its December 2022 metrics report. The company’s shares closed up 11.77% on Tuesday on news that its bookings for the year grew. According to the December 2022 key metrics, Roblox estimated bookings were between $430 million and $439 million, resulting in a 17% gain in the month. Notably, bookings is what the online game platform…

Goldman Sachs Q4 2022 Report Sees Huge Earnings Miss & Soaring Expenses

New York banking giant Goldman Sachs suffered its worst earnings miss since 2011, with quarterly profit sinking 66% year-over-year.  Goldman Sachs (NYSE: GS) recently posted its fourth quarter result, showing its worst earnings miss in ten years. Revenue realized for the period ended December 31st came in lower than expected, while expenses and loan loss surged conversely. For the fourth quarter of 2022, Goldman reported a revenue haul of $10.59 billion versus the consensus estimate of $10.83 billion. In addition, the banking giant earnings per share of $3.32 compared to the much…

Number of devs increased during crypto winter: Electric Capital report

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The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite…

SEC leaked crypto miners’ personal information during investigation: Report

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The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green. According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email addresses in an email communication with Green as part of an investigation, leaving the blockchain’s nodes vulnerable to hacks. The financial regulator had reportedly been reaching out to Green users regarding their purchase of the firm’s products. “The Privacy Act of 1974 […] prohibits the disclosure…

Is this a bull run or a bull trap? Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss whether the recent and long-awaited Bitcoin (BTC) price rally is a bull run and the beginning of the next bull market or whether it is just a bull trap and investors should be cautious. We start off this week’s show with the latest news in the markets: Bitcoin price breakout or bull trap? 5K Twitter users weigh in Bitcoin is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After…

Morgan Stanley Posts Q4 2022 Report, Receives Huge Boost from Wealth Management Revenue

New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results. Morgan Stanley (NYSE: MS) recently posted its Q4 2022 earnings report, surpassing consensus estimates. The New York-based banking giant received a significant boost in its latest quarterly bottom line from record wealth management revenue. For Q4 2022, Morgan Stanley reported a revenue haul of $12.75 billion compared to the $12.64 billion Wall Street analysts expected. In addition, the leading bank’s earnings per share (EPS) for the period ended December 31st came in at $1.31 after…