Miami’s nightclub spent a lot of money on champagne showers, young crypto entrepreneurs aren’t as visible in nightclubs as they used to be.When FTX fails, it won’t just hurt the Web3 and cryptocurrenc...
Tag: Due
Aptos (APT) and Gala (GALA) Can’t Compete With Snowfall Protocol (SNW) Due To These Reasons – Find Out How You Can Earn 1000x Gains!
Snowfall Protocol (SNW) has established itself as the premier platform for interoperability with its innovative capabilities for cross-chain asset swaps, it offers users a unique opportunity to make h...
EU Delays MiCA Crypto Regulations Due to Translation Issues
The EU’s landmark Markets in Crypto Assets (MiCA) crypto regulations will not see a final vote until April. The delay is also likely to stall the process of pushing the new rules through. According to...
OSL Exchange Cuts Staff Due to Current Market Conditions
The Hong Kong-based crypto exchange OSL is reducing its headcount, but the country envisions becoming a crypto hub. The employees of the OSL exchange are the latest victim of the crypto winter, as the...
Fidelity-Backed Crypto Platform Cuts Staff Due to Market Pressure
OSL, a Hong Kong-based digital asset exchange, is cutting roughly a third of its costs following months of turbulence in the crypto market. That includes staff cuts – though the firm did not reveal h...
Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market
A digital asset-friendly bank known for serving crypto firms is announcing tremendous losses from the last quarter of 2022. Silvergate Capital, which became a publicly traded company in 2019, is known...
Alameda liquidators lose $11.5M due to liquidations over 2 week
Alameda Research liquidators incurred a total loss of around $11.5 million over two weeks after taking over a single wallet of the bankrupt firm, Arkham Intelligence reported on Jan. 16. Over $4 milli...
The price of eggs is soaring due to an ‘unprecedented’ crisis, trade strategist says — here’s 2 surging food stocks to help buck the slumping market
While it’s no secret that inflation has been running hot, the drastic increase in egg prices recently still took many people by surprise. Data from the Bureau of Labor Statistics shows that the averag...
Dow Jones Futures Due: Market Rally Clears Resistance; Tesla’s Big Transition
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally picked up steam in the past week, with strong gains, clearing key levels. The S&...
Sequoia Capital Exec Shines Light On Due Diligence On FTX Investment
According to partner Alfred Lin on Thursday, Sequoia Capital has reduced management fees in its two most recent venture funds as it prepares for a slower investing climate. Limited partners contribute...
Stellar (XLM) Poised To Rally Due To Ukraine’s E-Money Pilot
The Stellar (XLM) price remains in a long-term downtrend. After seeing an all-time high of nearly $0.81 on May 10, 2021, XLM’s price has fallen massively. Currently, XLM is 90.6% down from its ATH. Si...
250,000 kindergarteners are vulnerable due to drop in vaccination rate
Nearly a quarter of a million kindergartners are potentially vulnerable to measles due to a dip in vaccination coverage during the pandemic, according to the Centers for Disease Control and Prevention...
Argo’s mining revenue dipped 28% in December due to winter storm
Debt-ridden Bitcoin (BTC) miner Argo Blockchain mined 147 BTC in December — 25.75% less than the 198 BTC it mined in November. Argo said that the fall in mined BTC was primarily due to the curtailment...
Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business
Shrinking crypto deposits by $8 billion to $10 billion and replacing them with wholesale borrowings costing around 4.25% will drive a significant reset in net interest margin in the coming quarters, s...
CryptoCom To Delist USDT in Canada Due To Regulatory Pressures
On January 9, Crypto.com announced the delisting of USDT —the most important stablecoin in the crypto ecosystem— in Canada to comply with the country’s regulations. Several users on Reddit and Twitter...
Binance Lost $12 Billion in Assets Due to User Withdrawals
53 mins ago | 2 mins read Exchange News Binance users withdrew a total of $360 million on Friday, according to recent statistics. Binance Coin (BNB) has lost 29% of its value in the last two months. D...
Wyre Payments Becomes Latest To Limit Withdrawals Due To Crypto Winter
Amidst the crypto winter casualties continuing, the California-based crypto payment channel Wyre disclosed limits on withdrawals for all users. The payment company joins others that previously restric...
Jefferies Group downgrades this BTC miner due to construction delays. Details inside…
Investment bank Jefferies Group downgraded its rating for Bitcoin miner Marathon Digital Holdings Marathon Digital shares surged by more than 3% at $4.23 in pre-market trading in line with the broade...
SuperRare Reducing Its Staff by 30% Due to Adverse Market Conditions
SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,96...
Mycelium DeFi Exploited Due to Price Feed Issues
Vladislav Sopov Mycelium liquidity pool exploited by arbitrage bot that abused price discrepancy issue Contents Mycelium ETH/USD pool exploited Net TVL declined by 4-6% Mycelium, a multi-product Web3 ...
Mycelium Liquidity Pool Suffers Loss Due to Issues With Price Feed
2 hours ago | 2 mins read Defi News The IP address of the protocol was blacklisted by the Binance API component. The Bitfinex API began publishing very fluctuating prices for the ETH/USDT pair. Myceli...
NFT Marketplace SuperRare Downsizes 30% of Staff Due to Extended Crypto Winter
– Advertisement – SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired duri...
3AC Execs Served Subpoena Via Twitter Due To Whereabouts Unknown
The woes of embattled and bankrupt crypto hedge fund firm Three Arrows Capital appear to be worsening. Co-founders Kyle Davies and Su Zhu — as well as Three Arrows itself were — have been slapped with...
Balancer Advises LPs To Pull Liquidity Due To “Ongoing Issues”
Decentralized finance (DeFi) protocol Balancer has warned LPs on the protocol to withdraw their liquidity immediately due to an ongoing issue. The protocol did not specify what the issue was but adde...
CZ Proclaims Bianance Surge Is Due to BTC ‘Zero’ Trading Fee
Changpeng Zhao tweets about the surge experienced by Binance. Zhao credited the surge on BTC’s trading fee in the largest crypto exchange. Arcane Research observed that Binance’s market share of BTC’s...
AbbVie cuts earnings forecast due to milestone payments
AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and milestone p...
SEC Investigates Whether FTX Investors Followed Due Diligence Procedures (Report)
The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients. Recall that the pla...
Binance Faces Trouble In France Due To Mandatory License Rule
Crypto companies registered or currently seeking registration in France to face more stringent regulatory pressure. Bank of France Governor Francois Villeroy de Galhau raised concerns over crypto firm...
SEC probes FTX investors on due diligence procedures: Reuters
The U.S. Securities and Exchange Commission (SEC) wants to understand the due diligence process investors followed when it came to investing in collapsed crypto exchange FTX, according to a Reuters re...
Darknet Forum Dread to Relaunch After Month-Long Downtime Due to DDOS Attack – Bitcoin News
According to web portal darkdot.com and anonymous journalist Darkdotfail, the popular darknet forum Dread has been down for a month. The well-known forum, which was a place for darknet market (DNM) pa...
Magic Eden to refund users after fake NFTs sold due to exploit
Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit. In a Jan. 4 statement, the company sai...