Text size Ford sold 2,626 Mustang Mach-E electric vehicles in January, down from 4,775 in December. Scott Olson/Getty Images Electric-vehicle sales at Ford Motor dipped to start the new year, showing ...
Tag: Companies
Pig Butchering Crypto Scams Exploit UK’s Companies House: Report
According to an investigation by The Bureau of Investigative Journalism and the Observer, more than 168 shell companies in the United Kingdom are suspected of operating fraudulent crypto or foreign ex...
U.S. Charges 4 Companies For Alleged Crypto Scam
Cryptocurrency scams have become increasingly prevalent in recent years, taking advantage of the growing popularity and lack of understanding of digital currencies. These scams, often coming in the fo...
London tops crypto hub rankings with 2nd highest number of crypto companies in the world
London, Dubai and New York have been ranked as the top 3 crypto hubs, with over 800 crypto-based companies active in the UK’s most populous city. Recap’s annual list of top crypto hub cities for 2023 ...
Language Differences Hold Back U.S. Companies In Fast-Growing Asia: KPMG Economist
Travelers on the move in the departure hall at the Hongqiao Railway Station in Shanghai last month; … [+] China’s economic growth rate this year is expected to one of the world’s fas...
Protocol Labs trims 21% of staff in latest round of crypto job cuts
Protocol Labs is the latest digital asset company to lay off staff, cutting 21% of its workforce to lower costs amid a challenging environment. “As you know, this has been an extremely cha...
The Block: Bitcoin mining report: Feb. 3
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with two gaining and the other 17 declining. Bitcoin fell 2% to $23,357 by market close. Here is a look at how the i...
Pantera exec Joey Krug leaves crypto investment firm: CoinDesk
Pantera Capital co-Chief Investment Officer Joey Krug has left the venture capital and investment firm, CoinDesk reported, citing a letter sent out to partners on Friday. Krug joined Pantera Ca...
Michael Saylor says Silvergate has been ‘responsible’ amid crypto collapse
Microstrategy founder and bitcoin enthusiast Michael Saylor said Silvergate was “responsible” amid the collapse of other crypto institutions including the FTX exchange and said he’d ...
WisdomTree reports fourth quarter loss as crypto holdings fall
WisdomTree, the New York-based asset manager that operates blockchain-enabled funds, reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $...
Bitcoin, ether slip as unexpectedly strong US jobs report signals continued rate hikes
Cryptocurrencies and traditional markets slid as the U.S. jobs report numbers more than doubled estimates. Bitcoin and ether were down more than 2% over the previous 24 hours at about 9:40 a.m....
Bitcoin mining firm Marathon Digital sold 1,500 BTC in January
Marathon Digital sold 1,500 BTC in January, according to a Thursday statement from the company. The sales were intended to help fund the firm’s operations, Marathon said. “With bitc...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
Justice Department probes Silvergate’s relationship with FTX: Bloomberg
The Justice Department’s fraud department has begun probing Silvergate’s handling of accounts for Sam Bankman-Fried’s firms, Bloomberg reported, citing unnamed people familiar with the matter. T...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
MicroStrategy sees fourth quarter loss after it writes down value of bitcoin holdings
MicroStrategy, the software firm better known in recent years for its bet on bitcoin, reported a net loss of $249.7 million for the fourth quarter of 2022 compared to a loss of $90 million in the same...
The Block: Bitcoin mining report: Feb. 02
Bitcoin mining stocks tracked by The Block were higher on Thursday, with 15 gaining and three declining. Bitcoin rose 1.2% to $23,830 by market close. Here is a look at how the individual ...
Coinbase stock up 21% following lawsuit dismissal
Shares of Coinbase have been rallying since Wednesday afternoon after a federal judge dismissed a lawsuit against the company. The stock was up by roughly 21%, trading at around $78.7 as of 1 p....
Crypto companies cut staff in latest rounds of layoffs
Crypto companies laid off at least 3,000 employees in January, citing market conditions and the post-FTX regulatory landscape. Let’s review which businesses announced the cuts. Last year, companies cu...
Bitcoin mining infrastructure startup Giga Energy raising $10 million in Series A
Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10 million in Series A funding. The funding will help the Texas-based ...
Bitcoin miner TeraWulf raises $32 million in equity offerings
Bitcoin miner TeraWulf raised $32 million from a public equity offering. The company also reached a “binding agreement in principle” with its existing lenders to restructure its debt...
CleanSpark doubles bitcoin production in January to 697
Bitcoin miner CleanSpark mined 697 BTC in January, doubling its production from the previous month. “We had a banner month, and not just because we mined a record number of bitcoin,” CEO Zach Br...
10 Most Profitable Companies in the World (2021)
The list of the world’s most profitable companies offers a glimpse of which countries wield the most economic power and the sectors with the most economic influence. The world’s largest tw...
Cipher Mining doubles hash rate capacity in January
Cipher Mining reached a hash rate capacity of 4.3 EH/s by the end of January, a 53.6% month-over-month increase. It also more than doubled the total number of bitcoin mined, reaching 343, most o...