The company has about $11.6 billion in debt against $4.8 billion in assets, according to a report filed by its advisers. Sam Bankman Fried’s crypto empire had a $6.8 billion deficit on its balance sheet when it filed for bankruptcy last November, according to a bankruptcy court filing Friday. This includes a loss of $10.6 […]
Salesforce’s partnership with the blockchain platform is another sign of the company’s investment in customer engagement using Web3 technology. Software company Salesforce has partnered with Layer 2 blockchain platform Polygon for an NFT-based loyalty program, said Ryan Wyatt, CEO of Polygon Labs. “Salesforce will help customers integrate Polygon into its management platform to help customers […]
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey Test, thus bringing them under his agency’s regulatory authority. Speaking to reporters after a commission vote on Wednesday, Gensler said securities laws could be triggered because investors anticipate […]
Bitcoin and Ether started the trading day in Asia in the red, with Bitcoin falling 2.5% to $24,330 and Ether falling 3.7% to $1,649. Liquidity is on everyone’s mind, especially in the face of record withdrawals from the Treasury’s general account during the Covid period, and even more so after the bankruptcy of Silicon Valley […]
Bitcoin (BTC) added more than 11% in the past 24 hours to trade above $24,700 on Tuesday, retracing all of the weekend’s losses and setting a three-week high. The move may come as a surprise to investors who would have bet on falling prices after the suspension of two cryptocurrency-backed banks last week in the […]
Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to […]
There have been some surprises in the Huobi brand lately. In the early hours of March 10, HT electricity went from $4.70 to almost $0.40 within minutes. The exchange token reached $4.92 intraday on March 9. However, it lost almost 20% on the day, and is currently trading at around $3.95.In addition, a large liquidity […]
The cryptocurrency crisis kicked into high gear on Saturday morning, as the collapse of Silicon Valley Bank (SVB) caused some of the company’s most successful ventures to collapse. Stablecoin prices fluctuated sharply with rising gas prices as investors rushed to transfer cash hours after regulators shut down SVB among the run-of-the-mill banks, which have ties […]
Selling pressure on bitcoin (BTC) helped the broader market, with signs on some major blockchains falling 6% Thursday morning in Asia. Bitcoin fell below $22,000 during European hours on Wednesday, although the broader traditional market remained volatile. \Ether (ETH) lost more than 2%. Among other large caps, Solana (SOL) and Matic (MATIC) fell 6% in […]
The chairman of the Federal Reserve President Jerome Powell “emphasized” that the central bank has not made a decision on the rate of increase of the rate when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for the semiannual fiscal policy report on Wednesday, Powell made […]