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Browsing Category
Crypto
Stablecoin Payment Firm RedotPay Eyes US IPO at More Than $4B Valuation
Hong Kong-based stablecoin payments firm RedotPay is reportedly weighing a US initial public offering (IPO) that could raise more than $1 billion and value the company at over $4…
Canaan Acquires Cipher Mining’s 49% Stake in Texas Mining Facilities
Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for $39.75 million, expanding its mining interests.The…
Framework Ventures to Help Better With DeFi Play
Crypto venture firm Framework Ventures has partnered with mortgage services company Better to help it launch a $500 million plan to integrate with the decentralized finance…
Citrini’s AI Doom Report Leads to Tech Stock Selloff
A new report by Citrini Research has been partially blamed for a software and payments stock sell-off on Monday, where it outlined extreme scenarios in which AI could severely…
Terraform Accuses Jane Street of Insider Trading
The court-appointed administrator leading crypto company Terraform Labs through its bankruptcy has sued trading firm Jane Street, accusing it of insider trading that worsened the…
Fed is Seeking Feedback on Proposal to Remove Reputation Risk from Banking
The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The…
Step Finance Shuts Down After $27 Million Hack
Three Solana-based platforms have announced they are shutting down after a Step Finance hack at the end of January that has been deemed unrecoverable. Solana portfolio dashboard…
PayPal Fields Buyout Approaches After Steep Share Decline: Report
PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that…
Backpack Offers 20% Equity to Token Stakers Ahead of IPO
Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves…
Saylor Says Quantum Risk to Bitcoin is distant and Manageable
Strategy CEO Michael Saylor dismissed concerns about quantum computing during an appearance on Natalie Brunell’s Coin Stories podcast, saying the cybersecurity community broadly…