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Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021. Anchorage Digital, an institutional-grade cryptocurrency platform, has reportedly sent home 75 employees, representing 20 percent of the total workforce. According to a report by
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Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing "games" aimed at skirting regulators, the acting head of the United States banking regulator has opined.Michael Hsu, the Acting Head of the Comptroller of the Currency (OCC) made the
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The recent plunge caused by the fiscal Q4 2022 financial performance has caused Home Depot to lose almost 2% in its stock price in the last five days. Multinational home improvement retail corporation Home Depot (NYSE: HD)has released its fiscal Q4 2022 earnings report, revealing that revenue fell short of Wall Street’s
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PayPal CEO has noted that the 2000 job cuts should have helped the company save $900 million last year and at least an additional $1.3 billion in 2023.PayPal Holdings Inc (NASDAQ: PYPL), through its President and CEO Dan Schulman, has announced plans to lay off 2000 global full-time employees, representing
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Bitcoin mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC
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On this week’s episode of Market Talks, Cryptox welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business.This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto
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Per public filings with the Australian Securities and Investment Commission, a 25-year-old registered a million-dollar-worth trading company at his parents’ house. According to a report, the company successfully traded over $2 billion in Bitcoin and other cryptocurrencies. The trading desk is PO Street Capital, and its founder Darren Nguyen lives
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Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond Sam Bankman-Fried will spend the holidays with his family in Palo Alto, California, after his parents secured $250 million in
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FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the
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On Dec. 21, Reuters reported that Sam Bankman-Fried, the former CEO of FTX — who is now facing criminal charges that could land him in jail for the rest of his life — may be granted bail in the United States ahead of his trial.Prosecutor Nicholas Roos reportedly proposed granting
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