Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions of the past 12 months. China has rolled out its central bank digital currency (CB...
Tag: costs
Minibubbles in US Banking Are Popping With Costs in the Billions
(Bloomberg) — A two-century-old bank in the New England countryside suddenly became one of the hottest stocks in US finance a couple of years ago after making an unlikely proclamation: It was wi...
Coinbase Lays Off 950 Staff, Cuts Operational Costs By 25%
Coinbase is cutting an additional 950 staff as part of cost-saving measures that will see its operational expenses shrink by a quarter. The move was announced by CEO Brian Armstrong in a Tuesday morni...
LiveOne Slashes Additional $5 Million of Costs Bringing Total Savings to Over $30 Million in Fiscal 2023
Increases Record Adjusted EBITDA* Guidance to $9.5 – $12 Million for Fiscal 2023 Short-Term Assets of $25 Million and $8.6 Million Cash Signed LOI for New Credit Line for Up to Maximum $20 Million LOS...
Celsius Network’s Stablecoins Face Liquidation To Cover Bankruptcy Costs
Judge Martin Glenn, the chief United States Bankruptcy Judge in the Southern District of New York, has ruled that ownership of the assets in the Celsius Network’s Earn Accounts belongs to debtors. As ...
A Lawsuit states LastPass Data Breach Costs $53K Bitcoin
On January 3rd, 2023, a “class action lawsuit” was filed against LastPass, a password manager, that alleged data breach of LastPass resulted in the theft of around $53K worth of Bitcoin (BTC). This cl...
Southwest Airlines cancellations abate after holidays but costs pile up
Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty...
Kia’s First NFTs Have Covered Adoption Costs for 22,000 Pets in Shelters
In the latest instance of a for-profit company tapping NFTs for charity, Kia’s US unit earlier this year minted its first digital collectibles to raise funds for a US nonprofit working to alleviate ov...
How Inflation Data Hinges On A Statistical Quirk For Housing Costs
SAN FRANCISCO – JUNE 06: Calculation of CPI inflation includes a lagged, panel format for housing … [+] costs understanding how it works is crucial to estimating 2023 inflation. (Photo by ...
Bitcoin Miners In Asia Are Facing Difficulty Due To High Energy Costs
In the past 24 hours, the Bitcoin mining profitability rate was at 0.0575 USD/Day for 1 THah/s. Kazakhstan tightens regulations for crypto miners. There has been a steady decline in Bitcoin mining rev...
Grayscale’s Discount Almost Reaches 50%, 1 BTC Exposure Now Costs $8,400
The exposure price via one of the biggest trusts on the market has dropped to a yet unseen low. The unimaginable 50% discount to NAV is a new record we have never before witnessed. According to Ychart...
For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income
Listen to article (1 minute) Many Americans dream the path to building wealth is like a trip around the Monopoly board, buying up properties that generate rental income. That can be true, but financia...
Raydium Hack on Solana DeFi Exchange Costs Over $2 Million
Join Our Telegram channel to stay up to date on breaking news coverage For Solana, the holiday season has been difficult. Solana has now experienced a significant hack to one of its largest DeFi proto...
Long Covid medical costs average $9,500 in first six month: study
Joos Mind | Photodisc | Getty Images Long Covid results in $9,500 of total average medical costs for workers and their employers in the six months following a diagnosis, according to a study by Nomi H...
How Does The Whitelabel NFT Marketplace Save You Time And Costs?
– Advertisement – The Whitelabel NFT marketplaces are a one-stop-shop for all the NFT needs of a business. These platforms offer ready-to-deploy solutions that are quicker to launch than b...
Li Auto Q3 2022 Outing Sees Revenue Rise 20%, Costs Widen Further
Although Li Auto realized a substantial revenue increase for Q3 2022, the company’s operating costs also rose. Li Auto Inc (NASDAQ: LI) recently posted its Q3 2022 earnings report, which revealed a w...
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investo...
FTX, Crypto Collapse Costs Taylor Swift a Huge Payday
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January, its net worth took off. The funding lifted its value to $32 billion....
20 million American households are behind an average of $788 on their utility bills — here are 3 simple ways to drop your monthly costs
‘I expect a tsunami of shutoffs’: 20 million American households are behind an average of $788 on their utility bills — here are 3 simple ways to drop your monthly costs The U.S. consumer price index ...
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring
Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring ...
New York State proposes new laws adding costs to crypto firms
The New York State Department of Financial Services (NYDFS) has proposed new crypto regulation to assess supervisory costs from licensed crypto firms operating in the state. New Proposed Regulation to...
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation that would allow the government department to assess supervisory costs from licensed crypto firms operating in ...
Risks and High Costs Outweigh Benefits?
A recent survey on the topic of central bank digital currency (CBDC) development in Africa gives some fresh insight into their evolution and regulators’ motivations and concerns. Nonetheless, analysts...
Nearly 1 in 3 have left their jobs to tend to caregiving responsibilities — and the costs add up to thousands of dollars a year
Caregivers are ‘in crisis’: Nearly 1 in 3 have left their jobs to tend to caregiving responsibilities — and the costs add up to thousands of dollars a year Jacquelyn Revere became a full-t...
‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible?
I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer car...
Elon Musk hits back at his critics just days after the ‘RIPTwitter’ trend, considers even more layoffs to slash costs. Bet on the billionaire with these other assets
‘Twitter is ALIVE’: Elon Musk hits back at his critics just days after the ‘RIPTwitter’ trend, considers even more layoffs to slash costs. Bet on the billionaire with these other assets Even as a priv...