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...
Tag: Crisis
Tether ($USDT) Assures Investors Amid Celsius ($CEL) Crisis
Tether has issued a statement to quell investor’s fears, as one of its many investments, Celsius, a crypto lending platform faces challenges attributed to severe market volatility, and its native toke...
Celsius crisis has no impact on USDT reserves
The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday ...
Celsius Network Halts All Withdrawals As It Faces Liquidity Crisis, CEL Tanks 45%
Lending platform Celsius Networks made a major announcement recently that it has paused all withdrawals on the platform, a move that it calls is in the interest of the community. Following the announc...
Crypto Crisis? We Ask Alex Reinhardt His Take – crypto.news
For most cryptocurrency investors, May 2022 is a month they would probably rather forget. Sure, crypto has been through some serious ups and downs over the years; however, never before have we witness...
Elon Musk’s offer for Twitter bid is thrown into crisis due to this
Elon Musk’s offer for Twitter Inc., which has been thrown into crisis by the billionaire’s threat to pull out, drew a slew of high-profile allies and Silicon Valley leaders. There were a few significa...
Art Worlds Unite to Bring Hope to The Current Global Humanitarian Crisis
Traditional and NFT artists including Ben Eine, Fanakapan, Pure Evil and Dalek are coming together to create a group NFT show, “Humanity”, curated by RedKiteNFT and OurTypes, to raise funds for commun...
5 Top Investors Who Profited From the Financial Crisis
Although the recommendation to buy when there’s blood in the streets has been attributed to more than one rich businessman, it is a solid approach to creating substantial wealth. Another oft-quo...
‘Kenobi’ Exposes The Identity Crisis Inside ‘Star Wars’
Obi-Wan, played by Ewan McGregor. Disney/Lucasfilm Thus far, Obi-Wan Kenobi has perfectly encapsulated the problem with Disney’s Star Wars; it can’t stop emulating the original trilogy, and inevitably...
Steve Forbes Roasts POTUS Over Energy Crisis
This segment of What’s Ahead deals with a serious global energy shortage. The 1970s energy crisis saw oil prices go up more than twelvefold and motorists lining up for gas. But that disaster was the r...
Current economic downturn ‘not even close’ to 2008 crisis
ServiceNow Chief Executive Bill McDermott told CNBC’s Jim Cramer on Monday that he doesn’t expect the current economy to undergo a market downturn like the 2008 financial crisis. “Th...
Nobel Laureate Paul Krugman Compares Crypto to Housing Bubble and Subprime Crisis – Economics Bitcoin News
Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “i...
New Data And The 5 Best Responses
Working parents are struggling. getty The future of work doesn’t look good for working parents, and especially for working mothers. New data from multiple sources demonstrates working parents are conc...
Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’ – Bitcoin News
Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is ...
CEOs on gas, renewables and the energy crisis
From the Covid-19 pandemic and supply chain shocks to rising inflation and Russia’s invasion of Ukraine, governments and businesses around the world are attempting to tackle and solve major cris...
Reckitt is in a ‘unique position to address the baby formula crisis’
Reckitt Benckiser Group plc (LON: RKT) is in a “unique position” to address the ongoing baby formula crisis, says Senior Vice President Robert Cleveland. Cleveland’s remarks on CNBC&...
The Giant Gas Reserve That Could Have Eased Today’s Crisis
Argentina, home to the world’s second-largest shale gas deposit, cannot help gas-starved Europe, which is scrambling to obtain non-Russian natural gas after Russia’s invasion of Ukraine. In fact, Arge...
Europe lurches closer to energy crisis as Kremlin cuts off gas supply to Shell
gazprom gas Europe lurched closer to an energy crisis on Tuesday after the Kremlin cut off gas supplies to major buyers including Shell. Russia’s state-owned gas supplier, Gazprom, said supplies to Sh...
15,000 Tech Staff Laid off in May, in Worst Figures Since Covid Crisis
May has been the most brutal month for tech layoffs since the covid crisis. In total 15,764 employees lost their jobs as fears of a recession mount. Data from Layoffs.fyi shows that terminations are a...
Chinese Media Outlet Hints At Stricter Regulations For Cryptocurrency Assets Post Luna Crisis
Through its national media, the Chinese government announced to the public the possibility of tighter regulations against the cryptocurrency sector. This, the media explained, was caused by the recent...
Terra-Based Mirror Protocol Averts Crisis but $2M Drained Nonetheless
Mirror Protocol, a decentralized finance app on the old Terra blockchain, has reportedly suffered yet another exploit. The governance participant “Mirroruser” on Terra Research Forum was the one who d...
British Pound Risks Crisis Usually Seen in Emerging Markets, BofA Warns
(Bloomberg) — Most Read from Bloomberg Investors should hedge for an “existential” sterling crisis as the British currency faces struggles usually seen in emerging markets, according to Bank of ...
Davos elite don’t expect a Covid-19 style health crisis from monkeypox
Business and political leaders gathered in the Swiss hilltop town of Davos in May 2022 for the World Economic Forum. Xinhua News Agency | Xinhua News Agency | Getty Images As the business and politica...
China’s ‘Zero Covid’ Mess + Ukraine Crisis = Global Recession
Delivery workers wearing protective gear check their phones during a lockdown in the Jing’an district of Shanghai on May 25, 2022. HECTOR RETAMAL/AFP via Getty Images The global economy arguably...
‘Big Short’ Michael Burry Awakens Ghosts of the 2008 Financial Crisis
Are we about to relive the financial crash of 2008? The question is begining to cross people’s minds since a cryptic tweet on May 24 from iconic investor Michael Burry, known to be one of the f...
Colleges Facing Mental Health Crisis, Here’s What The Bachelorette’s Zac Clark Is Doing About It
Zac Clark (R) goes on a run with college students in Newark, Delaware, as part of Clark’s “Keep … [+] Going” college tour. (Photo: JZ SNAPZ LLC and Courtesy of Release Recovery) JZ SNAPZ L...
Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis
Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis Alarm bells are ringing out on the stock market, and personal finance expert Suze Orman has heard them along with y...
El Salvador Faces No Easy Exit From Worsening Crisis Amid Crypto Crash
A central American country, El Salvador, has been buying Bitcoin since September. However, the country’s big bet on crypto has collapsed in recent weeks because the cryptocurrency washed out roughly a...
TFL’s legal team has left the company amid the LUNA crisis
Amid LUNA‘s fall out three important legal team members left TFL. The resignation of Terraform Lab’s legal team members resulted in the project facing difficulty. This came into the news through the L...
Boeing needs a stronger vision to bounce back from crisis
Dave Calhoun became chief executive of Boeing at its very lowest ebb two years ago. His mission was to restore confidence in the company after revelations that Boeing had misled regulators to speed up...