Disney and Netflix prepare for ad-supported streaming, but there are challenges ahead

Disney and Netflix are turning to advertising on their streaming platforms to improve their bottom line, but implementation may be less smooth than anticipated. Both platforms are hoping the commercials will help them deliver lasting profits after Netflix’s earnings results for the past two quarters suggested that years of rapid subscriber growth may finally have … Read more

Skybridge’s Scaramucci on two things that will drive demand for bitcoin

Bitcoin’s fundamentals are “pretty good” long-term due to factors that “will create a demand shock” for the cryptocurrency, Skybridge Capital’s Anthony Scaramucci said Monday. “Everyone is a long-term investor until they have short-term losses,” Scaramucci told CNBC on “Capital Connection.” Investors may be seeing some losses in bitcoin “but I think long-term, the fundamentals are … Read more

Voyager clients beg New York judge for money back after bankruptcy

Voyager said it has approximately $1.3 billion in crypto on its platform and holds more than $350 million in cash on behalf of Metropolitan Commercial Bank of New York clients. justin sullivan | fake images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a client named Magnolia was … Read more

Cryptocurrency exchanges licensed to operate in Kazakhstan

BAKU, Azerbaijan, August 13. Several cryptocurrency exchanges are finishing preparations to work at the AIFC Astana International Financial Center, AFSA Astana Financial Services Authority Fintech department director Yagub Zamanov told Trend. AFSA licensed 6 AIFC companies to provide financial services to manage the digital asset platform (crypto exchanges). Three of these companies have been licensed … Read more

What’s next for bitcoin as the cryptocurrency struggles with $24,000?

Bitcoin is struggling at the $24,000 level after finding its perceived low for the cycle in June and continuing to rise over 20% in July, its best month of the year. The cryptocurrency topped $24,000 twice this week. It also touched that level in late July, but couldn’t hold there before trying again this week. … Read more

Ripple Labs Interested in Assets of Bankrupt Crypto Lender Celsius

In this photo illustration, the Celsius Network logo is displayed on a smartphone screen alongside Bitcoin cryptocurrencies. Raphael Henrique | SOPA images | Light rocket | fake images San Francisco-based blockchain payments firm Ripple Labs, which is embroiled in a high-profile battle with the US securities regulator, is interested in buying assets from bankrupt crypto … Read more

Ethereum Goerli testnet merger goes live before moving to proof of stake

Ethereum is the second largest cryptocurrency in the world and is competing with Bitcoin for its money. Getty Ethereum, the second largest cryptocurrency by market value, has just undergone a final dress rehearsal ahead of a years-awaited upgrade that is heralded as one of the biggest events in cryptocurrency history. Since its inception nearly a … Read more

Hackers have stolen $1.4 billion this year using crypto bridges

Mining of the world’s second most valuable cryptocurrency at Evobits IT SRL An engineer inspects Sapphire Technology Ltd.’s AMD graphics processing units (GPUs) at the Evobits cryptocurrency farm in Cluj-Napoca, Romania, on Wednesday, January 22, 2021. The worlds second most valuable cryptocurrency, Ethereum, has rallied 75% this year, surpassing its biggest rival, Bitcoin. Photographer: Akos … Read more

Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China on Tuesday, May 11, 2021. Lam Yik | Mayor Bloomberg | fake images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by turning the FTX cryptocurrency exchange into a top site used by traders and investors. … Read more