companies

Matrixport Joins Growing List Of Crypto And Blockchain Companies Laying Off Employees – Bitcoin News

Crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport COO Cynthia Wu cited a “change in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport lays off 10% of staff as crypto winter continues Jihan Wu’s …

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In Davos, crypto and blockchain companies have a growing presence at the World Economic Forum’s annual event

Comment on this story Comment DAVOS, Switzerland — As the World Economic Forum’s annual gathering of billionaires and braggarts kicked off this week, the redemption party was in full swing. Crowds flocked to the red carpet in front of the whiskey tasting at the “Blockchain Hub”. “Restoring trust in digital assets,” read a sign outside. …

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Why regulators need to stop tarring all crypto companies with the same brush

In the first weeks of 2023, news broke that the New York attorney general was suing Celsius founder Alex Mashinsky for defrauding investors by covering up his company’s poor position while continuing to accept their deposits. Practically at the same time, however, a judge ruled that the $4.3 billion stuck in Celsius’ various interest-bearing cryptocurrency …

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Opinion: Miami is one step closer to imploding its crypto dreams

Editor’s note: Jake Cline is a Miami-based writer and editor whose work has appeared in the Washington Post, The Atlantic and other national newspapers. He was a member of the 2019 Pulitzer Prize-winning team for the South Florida Sun Sentinel’s coverage of the mass shooting at Marjory Stoneman Douglas High School. The opinions expressed here …

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SEC accuses 2 crypto companies of not disclosing risks to investors

Comment on this story Comment For nearly two years, everyday Americans have been putting money on the Gemini crypto platform, earning high interest on their money at a time when it’s extremely hard to come by. But in November, all 340,000 users of the program — run by Silicon Valley twins Cameron and Tyler Winklevoss …

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Companies that accept crypto payments

Cryptocurrencies were born to facilitate digital payments, and e-commerce seems to be increasingly believing in them and tending to adopt cryptocurrencies. Blockchain technology is revolutionizing the way we all pay and transfer money. According to BitPaymore than 100,000 merchants worldwide accept cryptocurrencies. In this article, we will go through the different aspects of crypto payments, …

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Analysis: Crypto companies’ ties to sports raise ethical questions

Sports fans who see their favorite players as role models might want to think twice before taking their financial advice. FTX’s bankruptcy and the arrest of its founder and former CEO raise new questions about the role that celebrity athletes like Tom Brady, Steph Curry, Naomi Osaka and others have played in lending legitimacy to …

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FASB establishes disclosure requirements for crypto holding companies ahead of potential proposal

The Financial Accounting Standards Board said companies will have to disclose details of their major cryptocurrency holdings as part of new proposed rules expected in the coming months. The disclosure plan unveiled Wednesday marks one of the final steps before a rule is proposed that — if approved — would fill a gap for companies …

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