Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Tag: Bites
Bullard Bites The Bulls As Mester Messes With Risk On Sentiment, Week In Review
China Last Night KraneShares Week in Review It was another choppy week of trading for Asian equities as investors assess their risk tolerance considering the potential for two or more rate hikes from ...
Crypto market maker GSR makes further layoffs as bear market bites
Crypto market maker GSR has implemented further layoffs, impacting between 5% and 10% of staff, according to three sources with knowledge of the situation. The cuts are closer to 5% than 10%, sa...
Injury Bug Takes Big Bites From Boston Red Sox, Chicago White Sox
Slugging infielder Trevor Story will be lost to the Boston Red Sox for months after undergoing … [+] unexpected elbow surgery. (Photo by Adam Glanzman/Getty Images) Getty Images Even with spring...
Bitcoin ATM installations flatline as crypto winter bites
The growth of new bitcoin ATMs globally has essentially flatlined, with little progress since July 2022 — when bitcoin collapsed from all-time highs and fell as low as $23,000. The number of bit...
Bybit to axe 30% of workforce as crypto winter bites
Ben Zhou, co-founder and CEO of Bybit, revealed a reorganization plan that includes a drastic reduction in the company’s workforce in response to the ongoing bear market. Bybit announces new round of ...
Argentine Crypto Exchange Lemon Cash Sacks 100 Staff As Bear Market Bites
Lemon Cash, a crypto exchange with operations in Argentina and Brazil, has rendered 38% of its workforce jobless, on Friday. One hundred employees were laid off as a result of the adverse industry env...
Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report
Another high-profile FTX stadium naming rights deal is reportedly cratering amid the exchange’s meltdown and bankruptcy. Front Office Sports reports that the University of California, Berkeley, has su...
Crypto miner Cathedra Bitcoin (CBIT) cuts payroll by 60% as crypto winter bites
Canadian publicly listed Bitcoin (BTC) mining firm Cathedra Bitcoin (TSXV: CBIT) has announced a raft of measures it adopted to navigate the ongoing crypto bear market. The firm has since slashed its...
FTX Coin (FTT): Another One Bites The Dust
2022 has been the year of bank runs followed by market-wide contagion, and with FTT slumping 75%, it begs the question: is FTT becoming the next LUNA? It’s been a tumultuous few days in the lar...
Coinbase Revenue Slumps 50% as Bear Market Bites Deeper
On Nov. 3, Coinbase Inc. had its third-quarter earnings call, reporting that revenue had missed analysts’ expectations. Company revenue plunged more than 50% from the previous year earlier as trading ...
U.K. Inflation Soars To 10.1%—A 40-Year High As Cost-Of-Living Crisis Bites
Topline The rate of inflation in the U.K. jumped to a 40-year high in September amid soaring food and energy prices, deepening the country’s cost-of-living crisis and ramping up pressure on beleaguere...
Even as inflation bites, consumers are still turning to Amazon
A spate of fresh data this week showed consumers are feeling the sting from high inflation. While that likely means more pain for retail stocks, new Wall Street research suggests club holding Amazon (...
Dow Jones Rallies; 2 New Cathie Wood Buys Soar; Twitter Flies As Elon Musk Bites Takeover Bullet
The Dow Jones Industrial Average continued to rally strongly Tuesday afternoon. Twitter (TWTR) exploded after Tesla (TSLA) CEO Elon Musk moved to bite the takeover bullet. Some new Cathie Wood buys we...
Reality Bites: Cathie Wood’s Flagship Suffers Outflow
Ark Innovation ETF (ARKK) , the flagship fund of renowned investor Cathie Wood’s Ark Investment Management, is finally starting to pay a price for its underperformance. Ark funds have tumbled in rece...
BTC Retraced to $21k as Correction Bites Harder
Bitcoin failed to record any increase over the last five days. A closer look at the charts revealed that although there were several push to the top, all failed to yield results. For example, on Monda...
Another One Bites The Dust: German Crypto Bank Nuri Files For Insolvenzrecht
German cryptocurrency-focused bank Nuri has revealed that it has filed for bankruptcy, citing the protracted crypto winter. Customers’ access to the platform’s services and their funds have not been h...
Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites
Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the b...
Collective Net Worth Of The Nation’s Tycoons Drops As A Sluggish Economy Bites
No. 1 Dhanin Chearavanont, senior chairman, Charoen Pokphand group. ANTHONY KWAN/BLOOMBERG This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Tourism, Tha...
Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder
As the crypto winter shows little to no end, Australian crypto giant Banxa wants to save itself by rescinding the employment contracts of a cross-section of its workforce. Banxa, a crypto firm based i...
FTX Pulled Out of LA Angels MLB Deal As Crypto Winter Bites: Report
Editor’s note: This story was updated at 1:10 p.m. EST on Tuesday with comment from FTX. Cryptocurrency exchange FTX withdrew from talks to sponsor a jersey patch with the MLB’s Los Angele...
Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites
Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions. Crypto.com said that it...
Binance Bites Back At Claim It Enabled The Laundering Of $2.4 Billion In Stolen Crypto ⋆ ZyCrypto
Advertisement     According to a Monday report from Reuters, criminals laundered billions of dollars in cryptocurrency between 2017 and 2021 with the help of Binance, ...
Gas prices: 7 U.S. states top $5 per gallon as inflation bites
Brace yourselves for more pain at the pump this summer. Seven states are now at an average of $5 or higher per gallon, according to AAA data, with Illinois becoming the latest to join California, Oreg...
Elon Musk Bites The Hand That Fed Him By Bashing California And Democrats
Elon Musk moved to Texas and now appears to embrace the politics of the Republic Party and Texas Governor Greg Abbott Getty In the weeks since Tesla CEO Elon Musk began his gambit to acquire Twitter, ...
Target earnings miss as supply chain inflation bites
The scary arm of inflation has found its way to the financials of consistently top performing Target. Target reported a wide first quarter earnings miss on Wednesday as cost increases in areas such as...
Verizon Joins AT&T in Raising Wireless Prices as Inflation Bites
(Bloomberg) — Verizon Communications Inc. will raise prices on its wireless bills for the first time in two years as the largest US wireless carrier grapples with higher costs. Most Read from Bl...
Another from the crypto market bites the dust; SLP touches zero
Crypto markets are declining and it appears to be each and every other advanced resource has been in the red Axie Infinity’s Smooth Love Potions (SLP) which is presently at a cry figure of nothing Th...
Chinese Home Sales Plunge 29% as Covid Bites: Evergrande Update
(Bloomberg) — China’s new-home sales tumbled by 29% last month, the most since July, as the latest Covid-19 outbreak threatened to prolong a property slump. Most Read from Bloomberg A Bloomberg ...
As inflation bites, higher-income consumers are cutting back, too
Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators. Jeff Greenberg | Universal Images Group | Getty Images With as much as 60% of U.S. consumers living paycheck...
Jared Leto’s ‘Morbius’ Bites Off A Solid $17 Million Friday
Morbius (Jared Leto) in Columbia Pictures’ MORBIUS. © 2022 CTMG, Inc. All Rights Reserved. **ALL IMAGES ARE PROPERTY OF SONY PICTURES ENTERTAINMENT INC. FOR PROMOTIONAL USE ONLY. “That was the w...