Tag: Business

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‘Anything is possible’ — John McAfee’s former wife responds to faked death claims

“John McAfee’s life was shrouded in controversy and it is only fitting that his death is shrouded in controversy as well,” said Janice McAfee. The former wife of crypto evangelist and computer programmer John McAfee has responded to a claim made by his ex-girlfriend that he faked his death and was currently in hiding. John…
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Coinbase says it will ‘evaluate any potential forks’ following the Merge

“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an…
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Alameda Research and FTX merge VC operations: Report

Alameda’s investment arm, FTX Ventures, and crypto exchange FTX will reportedly continue to operate independently from each other. The investment arm of Sam Bankman-Fried’s cryptocurrency exchange, FTX, has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in…
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Coinbase introduces wrapped staked ETH asset ahead of the Merge

“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” the crypto exchange said. Coinbase has launched a new asset consisting of Ether tokens that are staked and wrapped through the crypto exchange. In a Wednesday announcement, Coinbase said it will be listing Coinbase Wrapped Staked ETH (cbETH)…
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Bug bounty quadruples for Ethereum network — Up to $1M payouts ahead of Merge

According to the Ethereum Foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In…
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Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts

“Brave of them… maybe fortune favor them,” said one Redditor in response to an artist’s rendering of the renovations. Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known…
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CME Group plans to launch options on ETH futures prior to the Merge

The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge. Major derivatives marketplace Chicago Mercantile Exchange Group intends to launch options trading for its Ether (ETH) futures products. In a Thursday announcement, the CME Group said that subject…
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‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas

“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long. Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least…
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Celsius CEO personally directed crypto trades months before bankruptcy: Report

One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information. Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According…
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BitGo to sue Galaxy Digital for $100M over dropped acquisition

“Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more,” said R. Brian Timmons. Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the…
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