A U.S. judge today said yes to the sale of FTX-owned derivatives trading platform LedgerX—at a massive loss. In a Thursday hearing, Judge John Dorsey quickly authorized the sale to private equity firm…
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The venture capital firm focused on cryptocurrencies – Digital Currency Group (DCG) – reportedly marked a loss of $1.1 billion last year. Some of the primary reasons for the downfall were the collapse…
Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was…
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The cryptocurrency-focused bank – Silvergate Capital – reported a net loss of $1 billion for the last quarter of 2022 due to the turmoil reigning in the digital asset sector. The firm recently…
In a new filing with the United States Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoin (BTC) at an average price of $17,181 for a total of $42.8…
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