Business

Crypto business news from Blockworks - hiring updates, funding announcements, blockchain industry news and everything you need to be a crypto insider.

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Kraken also hired a new chief technology officer this week

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Crypto advisory firm founder says current environment poses challenging IPO path for segment’s players

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The decision was made in light of “limited demand” among US institutions because of the “current market landscape”

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Moody’s changed Coinbase’s outlook because of uncertainty about how the SEC charges will affect the business and money flow

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The exchange warned customers to withdraw USD funds by June 13

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Industry exec suggests that Web3 companies seek advice from counsel and invest in compliance teams as latest SEC actions highlight ongoing securities questions

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The tentative agreement would result in BitGo purchasing Prime Trust outright, the company said on Thursday

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Google found that in 65% of cases involving compromised cloud accounts, hackers were engaging in crypto mining

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Before it stopped working with crypto clients, Armanino told Binance to straighten up

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Brian Brooks resigned as CEO of Binance.US after a just few months back in August 2021

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Lawsuit presents evidence from CFTC and SEC cases against Binance, indicating use by US citizens employing VPNs

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The SEC seeks to prevent defendants from “destroying, altering or concealing relevant records”

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Coinbase CEO Brian Armstrong says the SEC suit is “very different from others out there”

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The SEC takes on the two biggest players in crypto within 24 hours

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“We do not want to be regulated ever,” the SEC quotes an unnamed Binance CCO in lawsuit

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CleanSpark’s normal bitcoin production nearly doubled during five-day stretch in May amid Ordinals-spurred fee increases

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Binance claims that it tried to reach a settlement with the SEC ahead of the lawsuit

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FTX alleges Genesis owes $3.9 billion in cash and crypto, as major feeder fund enabling fraudulent business model

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PayPal Ventures, the VC arm of PayPal, was the lead investor for Magic Labs

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Nansen, a blockchain analysis firm, also laid off 30% of its workforce

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Working with the racing organization allows company to introduce Web3 technology capabilities to a new audience, exec says 

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The weaknesses of large language models like ChatGPT are “too great to use reliably for security,” OpenZeppelin’s machine learning lead says

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Crypto exchange re-evaluating whether it has the right talent in top roles, but looks to continue hiring, according to spokesperson

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Deutsche Telekom has previously supported infrastructure and run nodes on at least five other chains, including Ethereum

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A Coinbase user had attempted to argue the IRS violated his constitutional rights when it sought his trading data

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