The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space. The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team less than a month after the blockchain’s mainnet…
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Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks. NBCUniversal’s chair of global advertising and partnerships, Linda Yaccarino, will follow Elon Musk as the next CEO at Twitter. According to a May 12 tweet from Musk, Yaccarino will…
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The settlement plan proposed in February would give Genesis creditors 80% recovery of funds, but many raised demands, leading to the mediation. Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors. In a May 9 announcement, DCG said…
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The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s. Crypto mining firm Marathon Digital Holdings announced it has partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. In a May 9 notice, Marathon…
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Amid the suspended service, Ray Youssef said he had made his “final act” as CEO after helping unfreeze 88% of certain users’ accounts. Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April. In an update posted to its website, Paxful said its team had relaunched the marketplace after more…
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The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities. Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware. In a May 8 filing in the United States Bankruptcy Court for the…
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“I think the U.S. right now is a little bit behind in terms of regulatory clarity and some of the rhetoric from the top,” said Brian Armstrong at the Dubai Fintech Summit. Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry…
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Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds. Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals. In…
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By participating in Cointelegraph’s Accelerator Program, Brickken aims to support companies through the entire tokenization cycle. As digitalization takes over the financial industry, tokenization is becoming an integral part of tomorrow’s capital market. While making use of blockchain technology, tokenization securitizes assets in a digital way and creates a flurry of opportunities for assets, markets…
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Adam Back, Roger Ver, Brad Garlinghouse, and Andreas Antonopoulos were among those not showing a blue checkmark on their Twitter accounts after legacy verification was sunsetted. Despite their large numbers of followers — and being potential targets for scammers impersonating them — not every major Crypto Twitter personality has signed up or been given a…
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