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Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...
Facebook Parent Company Meta Exploring Decentralized App: Report
10.3.2023
The app, codenamed P92, will be a standalone product for sharing text updates
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy
9.2.2023
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files...
Filecoin Creator Protocol Labs Cuts 21% of Staff
3.2.2023
Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday
CoinDesk could be up for grabs as parent company DCG scrambles for funds
19.1.2023
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence
10.1.2023
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi...
Huobi Korea seeks to split from parent company, change its name: Report
9.1.2023
Chairman Cho Kook-bong will also take over a majority of shares previously held by co-founder Leon Li
FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House Testimony
12.12.2022
FTX CEO John Ray III is scheduled to testify before the House Financial Services Committee on Tuesday
Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects
2.12.2022
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies...
Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know
23.11.2022
Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG)....
Read More: Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial...
Topps Sells out Crypto-Themed Garbage Pail Kids ‘Non-Flushable Token’ Cards
18.11.2022
Amid the craziness tied to the FTX collapse, the latest Garbage Pail Kids (GPK) non-fungible token (NFT) collection takes aim at the crypto industry, roasting subjects like the LUNA collapse, Bored Ape Yacht Club, and Cryptopunks. Following the release, GPK’s parent company Topps explains...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
11.11.2022
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and...
STEPN Parent Company Launches NFT Marketplace
1.11.2022
Find Satoshi Lab is establishing a self-sustaining ecosystem for its product lineup, which includes the popular move-to-earn app
Playing Card Maker Bicycle to Feature Bored Ape #1,227 in Upcoming Collectible Deck
19.10.2022
Last year, when the non-fungible token (NFT) industry was frothing over, the 137-year-old playing card manufacturer Bicycle issued NFTs called the Genesis Collection and in June, Bicycle purchased Bored Ape Yacht Club #1,227. Bicycle and parent company Cartamundi Group announced on Tuesday that...
Skyweaver's parent company secures $40M in Series A funding
5.10.2022
The round was led by Brevan Howard Digital and Morgan Creek Digital, along with Polygon and Take-Two Interactive, among other investors
T-Mobile Parent Company Launches Ethereum Staking Validator
4.10.2022
Deutsche Telekom (DT), the parent company of wireless network operator T-Mobile, has announced that its subsidiary T-Systems MMS will support the Ethereum blockchain network by infrastructure in the form of validator nodes.
In a press release, the German tech giant revealed that T-Systems will...
Snapchat’s parent company shutters Web3 division amid layoffs
2.9.2022
The company said it will let go of its Web3 division to make way for restructuring after falling behind financial targets
Meta Expands Instagram’s NFT Rollout to 100 Countries — Platform Connects With Third Party Web3 Wallets
5.8.2022
In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3...
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
3.8.2022
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring,...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules
22.7.2022
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones...