Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and ...
Tag: Exodus
Congress Crypto Regulations Needed to Slow Innovation Exodus
U.S. lawmakers have reintroduced a bill to prevent an innovation exodus in the wake of an ongoing crypto regulation crackdown on the industry. A bipartisan effort to keep innovation in America has bee...
China Southern Airlines, China Eastern Airlines to delist from NYSE amid exodus of state-owned enterprises from US exchanges
Two Chinese state airlines announced on Friday they would delist from the New York Stock Exchange (NYSE), adding to a list of state-owned companies withdrawing from US capital markets amid tightened s...
Ethereum Shanghai Upgrade Won’t Result in Staked ETH Exodus
The Ethereum network is set for a major upgrade in March. Dubbed Shanghai, the upgrade will finally release ETH staked on the Beacon Chain, but it isn’t as simple as that. When the Ethereum network ge...
Apple Hubs In India, Vietnam Next Year; China Exodus By 2025. Are Beaten Down Tech Stocks A Buy Now?| Investor’s Business Daily
Apple (AAPL) plans on producing 25% of iPhones from India by 2025. Vietnam will build 20% of iPads and Apple Watch, 5% of Macbooks and 65% of air pods by 2023, according to reports. X China’s Co...
Can Ethereum investors stay put with ETH after this exodus?
ETH reserves moving out of centralized exchanges had not decreased. Investors who accumulated in the last 365 days were still in losses. Chances of short-term revival remained low. Ethereum [ETH] rese...
Bitcoin Exchange Exodus Continues as ‘Hodler’ Supply Hits ATH
Crypto investors are still moving their Bitcoin off exchanges, but not necessarily to sell it. The amount of BTC held off-exchange is now at its highest-ever level suggesting long-term confidence in t...
Slack’s Butterfield to Leave Salesforce in Exodus of Leaders
(Bloomberg) — Stewart Butterfield, chief executive officer of Salesforce Inc.’s Slack, is leaving after less than two years, another blow to the software giant that has been roiled by an executi...
Researcher explains ETH exodus from exchanges
Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra...
Civil Rights Groups Say Elon Musk to Blame for Twitter Advertiser Exodus
Leaders of prominent human rights organizations refute Elon Musk’s allegations that they violated their deal with him by urging businesses to stop using Twitter for advertising. Musk tweeted, Are you ...
Twitter France Head Quits in Exodus, Says ‘It’s Over’
(Bloomberg) — Twitter Inc.’s head of France announced his departure in a tweet on Sunday ahead of what may be additional layoffs at the embattled platform. Most Read from Bloomberg Damien Viel, ...
DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX collapse has ...
Ex-Twitter employees are left in limbo with thousands in expenses after Elon Musk layoffs and ultimatum exodus
When Twitter’s new owner, Elon Musk, decided to lay off half the employees of the company he had just bought for $44 billion, it was obvious there would be issues. But in some cases, those who were to...
Musk’s ‘Hardcore’ Ultimatum Sparks Exodus, Leaving Twitter at Risk
(Bloomberg) — Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave. Many more workers declined to sign on than he expecte...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
The Shrinking Stablecoin Market Is Another Sign of Investors’ Exodus From Crypto
The combined market cap of the largest stablecoins reached a peak of $186 billion in May, before the Terra/LUNA collapse, the note said. That compares with less than $30 billion at the start of 2021 a...
Ethereum Exchange Exodus Underway as ETH Staking Yields Soar
More than a million ETH has left centralized exchanges over the past week. The Ethereum exodus comes in the wake of the FTX collapse as holders grow wary of centralized exchanges. According to Glassno...
Exodus Wallet on Adding Cardano Native Tokens: “Never Say Never”
Alex Dovbnya Non-custodial private crypto wallet Exodus hasn’t ruled out adding support for Cardano Exodus, a non-custodial private crypto wallet, hasn’t ruled out adding support for Cardano’s native ...
Paul Ryan’s SPAC Is the Latest Hit by a Massive Investor Exodus
(Bloomberg) — A SPAC that counts former US House Speaker Paul Ryan as chairman became the latest vehicle to be bailed on by investors who want their money back. Most Read from Bloomberg Executiv...
OpenSea hit in ongoing crypto exec exodus as CFO resigns
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Institutional Crypto Inflows Remain Weak But ETF Exodus Abates
According to CoinShares’ weekly report published on Oct. 3, there has been an inflow of around $10 million over the past week suggesting institutional investors are still hesitant. It is the third wee...
Parallels drawn between exodus of crypto CEOs and pre-Covid departures
A spate of crypto CEO step-downs recently has the community wondering what is happening behind the scenes. Analyst and co-founder of research firm Reflexivity Research, Will Clemente, listed five sign...
Lorne Michaels Says ‘SNL’ Cast Member Exodus Was A Result Of The Pandemic
Topline Saturday Night Live creator Lorne Michaels told the New York Times on Friday the large cast member turnover, which saw eight of the show’s comedians leaving ahead of the upcoming season starti...
Major ETHW sell-off sparks miner exodus from EthereumPoW
Just over a week post-Merge and EthereumPoW — the fork meant to maintain Ethereum proof-of-work (PoS) — appears to be dying. Ethereum’s transition to proof-of-stake (PoS) hasn’t offered the respite fr...
‘SNL’ Adds Four New Featured Players Members After Cast Exodus
Topline Saturday Night Live added four new cast members to its upcoming 48th season, the show announced Thursday, after losing seven big name stars including Kate McKinnon and Pete Davidson. Bowen Yan...
BofA Says ‘Appalling’ Mood Fuels $11 Billion US Stocks Exodus
(Bloomberg) — Investors are rushing out of US equities as the likelihood of an economic downturn increases amid a myriad of risks, according to Bank of America Corp. strategists. Most Read from ...
Pantera Capital’s Exodus Broader Than Previously Reported: Sources
They aren’t the only ones to leave recently. Last week, CoinDesk broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two ...
Germany Risks a Factory Exodus as Energy Prices Bite Hard
(Bloomberg) — Europe’s industrial heartland faces a potential exodus as manufacturers of German car parts, chemicals and steel struggle to absorb power prices that rocket to new highs almost eve...
From Genesis To Exodus: Crypto Broker Replaces CEO As It Cut 20% Of Staff
The CEO of institutional cryptocurrency broker Genesis Global Trading, Michael Moro, has announced his resignation and that the company will lay off 20% of its staff. The decision represents additiona...