The online trading broker overall missed both earnings and revenues estimates for the quarter.
What creditors can expect from Genesis’ bankruptcy — and what others can learn
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing.
Payments Company Affirm Is Shutting Down Its Crypto Business
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto.
Cloud mining firm BitFuFu postpones merger with SPAC until May
Bitfufu’s plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain.
Robinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang
The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.
Hermès wins case against Mason Rothschild’s Metabirkins
A nine-member jury found Rothschild liable for trademark infringement, trademark dilution, and “cybersquatting,” awarding Hermès $133,000 in damages.
AI Token Search Traffic Spikes as Crypto Traders Seek Exposure
As artificial intelligence captures the tech zeitgeist, traders are searching for ways to invest.
Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The SEC is in the late stages of an investigation of the company’s possible sale of unregistered securities, according to the story.
Fujitsu launches Web3 acceleration platform for startups and partner companies
Fujitsu’s Web3 Acceleration Platform promised to provide blockchain-based service APIs, high-computing technologies, simulations, and AI, for developers building Web3 applications and services.
FTX debtors can issue subpoenas to company ‘insiders’, says court
The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family.
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system.
YouTuber baits MMA fighter to promote fake NFTs: Nifty Newsletter, Feb. 1–7
YouTuber Logan Paul and his CryptoZoo NFT team face a lawsuit alleging that they executed a rug pull.
Kraken’s Head Of Strategy: Our Business Felt Crypto Winter’s Chill
Thomas Perfumo discusses why the firm is not insulated from the broader economy, and what the company wants to do for crypto following the collapse of FTX.
Indian Web3 Social App Chingari Partners with Aptos Blockchain; GARI Token Surges 48%
Chingari will release a newer version of its Tiktok-like Web3 app exclusively available on Aptos.
NFL Rivals Game Adds Hurts, Mahomes to NFT Lineup Ahead of Super Bowl
Web3 gaming studio Mythical Games is capitalizing on the rivalry between the Eagles and Chiefs by rolling out 22 new NFT players from the teams for its game.
3AC founder has ‘chosen to ignore his duties’ by not responding to subpoena, say bankruptcy lawyers
According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder’s online activity and attempts to raise funds for GTX.
Crypto AI Needs a Showcase to Know What’s Real
As Microsoft and Google go head-to-head on artificial intelligence, crypto needs to prove it’s recent rally is worth anything.
EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme
Alexandre is now expected to plead guilty for his role in an alleged fraud that federal prosecutors say duped investors out of $59 million.
Bitcoin’s Newfound NFT Hype Attracts Interest of BSV Developer Twetch
Twetch has already built a suite of NFT apps on the Bitcoin SV blockchain. So the new push by Ordinals to bring NFTs to the Bitcoin blockchain looks like an opportunity for expansion.