Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis. Source
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Tag: Report
Coinbase Crypto Exchange Selling Transaction Tracing Data to U.S. Immigration and Customs Enforcement: Report
Top US crypto exchange Coinbase is licensing software that aggregates information about blockchain transactions to a federal law enforcement agency. According to a new report by The Intercept, the Homeland Security Investigations wing of Immigration and Customs Enforcement (ICE) has purchased a software tool called Coinbase Tracer, available for both government and private sector clients. The original contract dates back to August of last year, but only recently did Jack Poulson of the Tech Inquiry watchdog organization gain access to the details through a Freedom of Information Act (FOIA) request.…
BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report
Where FTX’s reported offer is for a full acquisition, Ledn’s involves a fresh funding round, according to the report, which cited people with knowledge of the matter. This funding would supposedly be for up to $400 million, and include $50 million in equity, giving Ledn a sizable ownership stake in BlockFi. Source
Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), and the fintech firm Lighthouse have announced the first transactions for the issuance and placement of digital financial assets (DFAs). The latter is a broad legal term in Russian law that encompasses various types of…
Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report
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FTX Close to Buying BlockFi for Just $25M: Report
The beleaguered crypto lender was reportedly close to finalizing a down round valuing it at $1 billion earlier this month. Source
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original
FTX Passed on Deal to Purchase Celsius Due to Deficient Balance Sheet: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
North Korean Hacking Group Behind $100M Horizon Bridge Hack: Report
The Lazarus Group – a North Korean hacking group believed to be supported by the Kim regime – is likely behind last week’s hack of Harmony Bridge, according to new analysis by blockchain research firm Elliptic. Source
US govt delays enforcement of crypto broker reporting requirements: Report
The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting information on certain transactions starting in January 2023, citing people familiar with the matter. The potential delay could reportedly affect billions of dollars related to capital gains taxes — the Biden administration’s budget for the…