Tag: Report

Binance CEO Hints at Legal Action over Report on Iranian Sanctions

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Binance CEO Richard Teng took to social media on Tuesday to attack what he called “inaccurate reporting” by the Wall Street Journal regarding investigators at the crypto exchange uncovering $1.7 billion in digital assets moving to Iranian entities. In a Tuesday X post, Teng said the report, published on Monday, contained “defamatory claims,” including a letter from Binance’s legal team “demanding immediate corrections and a full retraction of these false statements.”  “Your Article is false, seriously misleading to your readers, and defamatory of our client,” said the letter to WSJ…

Citrini’s AI Doom Report Leads to Tech Stock Selloff

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A new report by Citrini Research has been partially blamed for a software and payments stock sell-off on Monday, where it outlined extreme scenarios in which AI could severely disrupt the economy, from wiping out a sizable share of the workforce and slashing consumer spending to threatening the $13 trillion US mortgage market. Citrini was little-known up until Monday, when its “Global Intelligence Crisis” report amassed over 22 million views on X alone, discussing how AI agents could drive corporate profits so high that human labor could become increasingly redundant…

PayPal Fields Buyout Approaches After Steep Share Decline: Report

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PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space.  Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout approaches from unnamed investors. One potential bidder — described as an industry rival — is said to be exploring an acquisition of the entire company, while others have expressed interest in specific PayPal assets. There…

T-Bills Primary Force Behind BTC’s Price Action, Not Fed Policy — Report

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New Keyrock research finds not all newly created money impacts risk assets due to how fresh liquidity flows through the economy. Treasury bill issuance is the primary liquidity metric that impacts Bitcoin’s (BTC) price and not the Federal Reserve or any other central bank’s balance sheet, according to a new report from crypto investment firm and market maker Keyrock. Every 1% change in global liquidity levels impacts BTC’s price by 7.6% the following business quarter in which new money is created. However, not all liquidity impacts risk asset prices equally,…

Africrypt Founders Return to South Africa After Years in Hiding: Report

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South Africa’s so-called “Bitcoin Brothers,” Raees and Ameer Cajee, have quietly returned to the country years after the collapse of their crypto investment platform Africrypt, according to a new TV investigation. A segment aired Sunday by investigative program “Carte Blanche” said the pair is residing inside the gated Zimbali Estate in KwaZulu-Natal, MyBroadband reported on Monday. According to the report, journalists attempted to approach the property but were blocked by private security. The team also reportedly traced the brothers to a holiday location in Umhlanga and a recent address in…

Binance France CEO targeted in chaotic double home attack: Report

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David Prinçay, the CEO of Binance France, became the target of an amateurish commando on February 12, as three hooded men attempted to break into his apartment in Val-de-Marne in Paris, according to RTL. The group first forced entry into the wrong apartment before reaching the CEO’s residence, where they stole two phones upon realizing he was absent. Later that morning, they carried out a second home invasion in Vaucresson, attacking a resident. Police tracked the suspects’ car and stolen devices, following them to Lyon, where the trio was arrested…

Amazon explores AI content marketplace for publishers: Report

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Amazon, the e-commerce and cloud computing giant, is exploring the launch of a marketplace where publishers could license content to AI companies, The Information reported Monday. Internal documents circulated ahead of an Amazon Web Services conference on Tuesday position the new marketplace alongside the company’s flagship AI offerings, including Bedrock and Quick Suite, as tools publishers can integrate into their operations. The initiative arrives as media companies and AI firms continue to spar over compensation for digital content used to train models or generate user-facing responses. Publishers have sought payment…

Backpack Exchange seeks $50M funding at $1B valuation: Report

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Backpack Exchange, led by Solana developer Armani Ferrante and former FTX executive Tristan Yver, is exploring new financing at a $1 billion pre-money valuation, Axios reported Monday, citing people with knowledge of the talks. The round would make the Singapore-headquartered company the latest pre-token crypto startup to reach unicorn status. The company is currently targeting a $50 million raise, but discussions suggest the total could be higher. Backpack, which is part of a new generation of crypto exchanges focused on rebuilding confidence after FTX’s collapse, combines trading services with a…

Jack Dorsey’s Block may cut workforce by 10%: Report

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Block, the fintech firm behind payment tools and blockchain-based financial services led by Bitcoin advocate Jack Dorsey, is carrying out performance-based job cuts that could affect up to 10% of its workforce, Bloomberg reported Sunday, citing people with knowledge of the situation. Block has over 10,000 employees, according to the company’s LinkedIn page. The potential reductions could affect over 1,000 employees by late February, continuing a restructuring effort that began in 2024 under Dorsey. In March 2025, the company eliminated 931 jobs, cutting about 8% of its workforce of approximately…

Jack Dorsey’s Block May Slash Up To 10% of Staff: Report

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Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring effort. As much as 10% of Block’s workforce may be affected, Bloomberg reported on Sunday, citing people familiar with the matter. The company employed just under 11,000 people as of late November, an executive reportedly said at the time. The potential layoffs come as Block reshapes its operations following a reorganization launched in 2024 aimed at improving efficiency and aligning its…