The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled...
Tag: Citing
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “t...
Goldman Cuts S&P 500 Earnings Estimate, Citing Margin Headwinds
(Bloomberg) — Goldman Sachs Group Inc. lowered earnings estimates for the S&P 500 Index for each year till 2024, saying margins contraction in the third-quarter signals more pain ahead. Most...
Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News
Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter h...
Dapper Labs Slashes Staff by 22 Percent, Citing ‘Macroeconomic Environment’
Roham Gharegozlou, Founder and CEO of Dapper Labs, announced late Wednesday that the well-known Web3 studio has reduced its team size by 22%. “These reductions are the last thing we want to do, ...
NFT Giant Dapper Labs Lays off 22% of Staff Citing Macroeconomic Environment
Web 3 companies are feeling the crunch of a bear market. The latest one to announce slashing its team size to cope with the deteriorating economic conditions is NFT powerhouse Dapper Labs. Citing the ...
Bitwise Forms Active Strategies Team, Citing Institutional Demand
Bitwise’s active strategy team will aim to capitalize on market inefficiencies for its investors The firm launched the first-ever cryptocurrency index fund back in 2017 Bitwise Asset Management — a fi...
EW Stock: Edwards Slashes 2022 Profit Outlook, Citing Hospital, Dollar Challenges
Edwards Lifesciences (EW) slashed its profit outlook Thursday, leading EW stock to plummet amid continued hospital staffing and exchange-rate challenges. X In late trading on today’s stock marke...
Crypto Exchange Binance To Launch New Oracle Service on BNB Chain, Citing Huge Opportunity
Binance, the world’s largest crypto exchange platform by volume, is launching a new oracle service on its BNB blockchain. In a new company blog post, Binance says that it will be launching oracle serv...
A Crypto Rewards Platform That Promised 40% APY Halts Withdrawals, Citing ‘Market Fluctuations’ – Bitcoin News
A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are ...
Freeway halts services citing ‘unprecedented volatility’ in forex, crypto markets
Freeway, a cryptocurrency investing platform, stopped operating on Sunday, which fueled a sharp drop in the value of its native crypto. Over the last 24 hours, the token’s price has fallen by more tha...
Crypto platform Freeway halts services citing ‘unprecedented volatility’
Crypto platform Freeway has halted some of its services, citing “unprecedented volatility” in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the pla...
Crypto investment platform Freeway suspends services citing market volatility
Freeway, a crypto investment platform, suspended operations on Sunday, which caused a sharp drop in the value of its internal coin. In the last 24 hours, the token’s price has fallen by more than 80%,...
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India...
Russians Can Kiss NFTs Goodbye As Dapper Labs Restricts Russian Users Citing EU Sanctions ⋆ ZyCrypto
Advertisement     As sanctions between Russia and the EU tighten, Dapper Labs has restricted the accounts of Russian users. Russian users are now unable to sell, purch...
Dapper Labs Hits Russian Accounts With Restrictions, Citing EU Sanctions
Dapper Labs is restricting Russian accounts from using its payment services, the company said this week. The decision was made following sanctions imposed by the European Union on Thursday, targeting ...
Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he buys bitcoin. Citing inflation, he detailed that pension funds are investing in cryptocurrency, addi...
US Senator Says ‘I Love That Bitcoin Can’t Be Stopped’ Citing Concerns About National Debt and Inflation – Regulation Bitcoin News
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she ...
Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’ – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed ...
Goldman Slashes S&P 500 Target Citing Higher Fed Rates Path
(Bloomberg) — Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, arguing that a dramatic shift in the outlook for interest rates moving higher wi...
Ripple Attacks SEC Citing Lack of ‘Investment contract’ Granting Investors Rights
Ripple has filed a motion seeking dismissal of the suit ahead of the trial in federal court in Manhattan. The blockchain firm contended that the crypto-asset at the center of the ongoing legal battle ...
Binance CEO Hails White House Crypto Framework, Citing ‘Responsible Innovation’
Binance CEO Chanpeng Zhao has praised the digital assets report from the White House, saying it shows initiative on the part of the US government. According to CZ, the right regulations will encourage...
BofA upgrades SoFi citing student loan payments, NFL partnerships
Analysts at Bank of America have turned bullish on shares of SoFi (SOFI). The bank on Wednesday upgraded shares of the company to Buy from Neutral, boosting their price target to $9 per share from $8 ...
NFT Renting Platform Shuts Down, Citing ‘Close to Zero Traction’
The founder of Rentable, the non-fungible token (NFT) protocol that lets users rent out their jpegs, announced today that the protocol will be shutting down after failing to find “product market fit.”...
Crypto Exchange Huobi to Delist 7 Privacy Coins, Citing ‘Latest Financial Regulations’
Crypto exchange Huobi revealed that it had already terminated trading for Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN) on September 6. Deposits for ...
Huobi delists seven privacy tokens, citing compliance policies
Crypto exchange Huobi has announced plans to delist seven privacy tokens in compliance with new regulatory policies. Huobi terminated the trading for privacy tokens: Monero (XMR), Dash (DASH), Decred ...
Huobi delists several tokens citing regulatory issues. Check if you are holding any 1
Huobi has communicated to traders and investors on its platform that it has decided to halt the trading and custody services of seven privacy tokens. According to the exchange, this decision was concl...
Huobi to delist Monero and other privacy coins, citing regulatory pressures
Cryptocurrency exchange Huobi will delist seven different privacy coins from its platform as regulatory pressure mounts on anonymity-enhanced currencies (AECs). The exchange announced that it had term...
Musk Tries To Cancel Twitter Deal (Again), Citing Whistleblower (Again)
Topline Lawyers for Elon Musk sent another letter to Twitter on Friday in their latest attempt to call off the $44 billion deal for the world’s richest man to buy the social media platform, clai...
Crypto Platform Launches ‘Dark Pool’ Citing Growing Institutional Interest
Asset managers, hedge funds and systematic trading firms are among those demanding this type of product, Enclave Markets CEO says Hidden Road Partners, LedgerPrime, Republic Crypto, Fir Tree Partners,...
Elizabeth Holmes wants a new trial, citing regrets from key witness against her
SAN FRANCISCO — Disgraced Theranos CEO Elizabeth Holmes requested a new trial Tuesday, asserting in a court filing that a key witness for the prosecution now regrets the role he played in her convicti...