Bahamas securities commission backfires at FTX’s management

The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2.  According to the statement, t...

Tron Price Prediction: Will Justin Sun’s USDD Backfires TRX?

Tron price prediction showcases the justifiable rate of recovery of the token through a rising parallel channel over the daily price chart. TRX crypto has recovered till 20 and 50 EMA but is till belo...

Mango Markets Hacker’s Plan To Short CRV Backfires

A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price.  The trader, identified as Avraham Eisenberg...

Meta To Layoff 11,000 Workers As Pandemic Hiring Frenzy Backfires

Key Takeaways Meta is laying off 11,000 members of staff, representing 13% of its global workforce. Mark Zuckerberg has admitted hiring too fast in the high growth pandemic years, and the company now ...

Credit Suisse Market Turmoil Deepens After CEO Memo Backfires

(Bloomberg) — Credit Suisse Group AG was plunged into fresh market turmoil after Chief Executive Officer Ulrich Koerner’s attempts to reassure employees and investors backfired, adding to uncertainty ...

Corporate Home Buying Spree Backfires — Is This A Sign That Michael Burry’s Predictions Are Accurate?

Not so long ago, in a galaxy not so far away, corporations thought they hit the jackpot. Not so long ago was 2021, and the galaxy in question was the United States of America. Institutions discovered ...

El Salvador’s Big Bitcoin Gamble Backfires to Deepen Debt Woes

(Bloomberg) — Most Read from Bloomberg An epic rout that has wiped out about two-thirds of Bitcoin’s value is exacerbating the debt crisis in the world’s most crypto-friendly country. In the yea...

MicroStrategy Bitcoin Bet Backfires, Holding Losses Near $1 Billion – What Now?

Michael Saylor, founder and CEO of MicroStrategy, placed a large wager on Bitcoin that did not appear to pay off. But as the sages would say, you’ll never know what you’re gonna get, unless you try. A...

Ted Cruz’s Bizarre ‘Antiracist Baby’ Tirade Backfires

US Senator Ted Cruz (R-TX) holds a book titled “Antiracist Baby” while speaking during the … [+] confirmation hearing for Judge Ketanji Brown Jackson before the Senate Judiciary Comm...