News with the tag "Finance and Business News"

Sora Ventures is set to go public this Friday through a merger with TopWin International, a Hong Kong watch distributor now moving into blockchain and Bitcoin (BTC). Instead of launching its own Initial Public Offering (IPO) like eToro , Sora is joining TopWin’s existing public company structure. Th...

Two former top executives of the now-defunct crypto lending firm Cred have pleaded guilty to wire fraud charges in connection with the company’s 2020 bankruptcy that left customers with millions in losses. Former CEO Daniel Schatt and former CFO Joseph Podulka admitted to the charges as part of a pl...

Semler Scientific, the U.S.-based medical device company that has recently turned heads for its aggressive Bitcoin acquisitions, reported disappointing first-quarter earnings, sending its stock price lower in after-hours trading. The company’s Q1 report , released on May 13, revealed a 44% year-over...

A violent kidnapping attempt involving the family of Pierre Noizat, CEO and co-founder of French crypto exchange Paymium, has shaken the crypto community and reignited concerns around the rising trend of in-person attacks on digital asset holders. On May 13, Noizat’s daughter and grandson were targe...

What began as a crypto event ended in a terrifying ordeal for one investor. In the Nevada desert last November, a crypto entrepreneur, fresh off hosting a blockchain event in downtown Las Vegas, saw kidnapping at gunpoint and lost $4 million in cryptocurrency and NFTs. According to police reports , ...

BlackRock, the world’s largest asset manager, is deepening its exploration into crypto territory with a new round of discussions held with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force. According to a May 9 memo , the meeting focused on two pivotal areas of digital finance: i...

The U.S. Vice President JD Vance is set to make history by becoming the first sitting vice president to speak at a digital asset conference. The Bitcoin 2025 event, scheduled for May 28 in Las Vegas, will host Vance on stage in person — a move that echoes President Donald Trump’s own appearance at B...

Coinbase delivered a somewhat turbulent Q1 earnings report on May 8, revealing a 10% drop in total revenue from the previous quarter to $2 billion—falling short of analyst expectations by just over 4%. The decline was primarily driven by a notable slowdown in trading activity, a trend consistent acr...

Meta, the parent company of Facebook and Instagram, is reportedly re-entering the crypto space with a renewed focus on stablecoins, according to sources cited by Fortune . After shelving its controversial Diem project three years ago, the tech giant is now holding discreet consultations with leading...

Binance founder Changpeng Zhao—more widely known as CZ—has confirmed that he has indeed applied for a presidential pardon from Donald Trump, reversing his previous denial of such efforts. The admission came during a candid conversation on the May 6 episode of Farokh Radio , where Zhao said he figure...