Lordstown Motors Corp (NASDAQ: RIDE) reported a fourth-quarter FY22 net sales of $0.194 million, missing the consensus of $1.29 million. The EPS loss of $(0.45) missed the consensus loss of $(0.27). T...
Tag: Reduces
Immutable Reduces Staffs To Prolong Cash Reserve
Join Our Telegram channel to stay up to date on breaking news coverage What – The blockchain firm Immutable is the latest in the industry to dismiss some employees. Why – The negative events within th...
Immutable Reduces Staff by 11% to Prolong its Cash Reserves (Report)
Major Australian gaming firm Immutable slashed 11% of the company’s headcount, stating that the job cut happened in order to ensure cash reserves last for a long time. This is the second time Immutabl...
Polygon Labs Reduces Workforce by 20% Amid Wave of Layoffs
11 hours ago | 2 mins read Blockchain News After hearing about the layoffs at Polygon, the price of MATIC fell by as much as 6%. Affected employees would be offered three months’ worth of severance. P...
Filecoin: Protocol Labs reduces staff by 21%: FIL gears up for price reversal
The company behind Filecoin will reduce its workforce by 21%. FIL may be due to a reversal as buying pressure weakens. In a press release published on 3 February, Protocol Labs, the company behind dec...
Greenidge Reduces Debt with NYDIG
The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount t...
Signature Bank Reduces Crypto Exposure? Crypto Daily TV 24/1/2023
In Todays Headline TV CryptoDaily News: Signature Bank won’t support transactions under $100K. Signature Bank will not handle transactions of less than $100,000 for crypto exchange customers, accordin...
Fidelity Reduces Value of Investment in Twitter by More Than Half
12 mins ago | 2 mins read Bitcoin News Musk identified combating spam and scam bots as a high priority. Elon’s takeover has been a sore spot, with mass layoffs and a slew of other changes. Following t...
Crypto Lender Genesis Reduces Staff As It Ponders On Bankruptcy Filing
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Ge...
Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers
Even if they haven’t made a profit via the sale of their shares, Japanese crypto issuers are compelled to pay a predetermined corporation tax rate of 30% on their holdings under the current fram...
Crypto Derivatives Platform Paradigm Reduces Pay Avoiding Layoffs
15 seconds ago | 2 mins read Defi News Entire derivatives platforms felt the effects, with the major firms laying off employees. Recent times have witnessed a rise in the number of layoffs throughout ...
Berkshire Hathaway Reduces Its Stake in Chinese Automaker BYD
Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02). Ame...
Crypto Exchange Lemon Cash Reduces its Team by 38%
One of the popular cryptocurrency platforms in Argentina – Lemon Cash – dismissed 38% of its total workforce to endure the current difficult times. CEO Marcelo Cavazzoli assured the layoffs have no re...
Tether Up On US Treasury Bills, Reduces Commercial Paper Holding
Advertisement     The accounting firm BDO Italia has performed a quarterly assurance on the Consolidated Reserves of Tether Holdings Limited and its wholly-owned subsi...
Goldman Sachs Reduces Coinbase Price Target to $41 Following FTX Crash
Goldman asserts that although there is a reduction in the Coinbase price target, the exchange remains insulated against the FTX fallout. Goldman Sachs recently cut the price target of crypto exchange ...
Mindfulness meditation reduces anxiety as much as common antidepressant drug: study
Mindfulness meditation is as effective at reducing anxiety as a commonly prescribed antidepressant, according to a study published in a major journal on Wednesday. The study, led by researchers at Geo...
Amber Group reduces valuation, seeks additional $100 million: Bloomberg
Tumultuous market conditions caused crypto trading platform Amber Group to reduce its valuation as the company pursues a new funding round. Amber Group now seeks $100 million at the same $3 bill...
Merit Circle hugely reduces supply with 200 million token burn
Merit Circle has announced that 200 million tokens that would have been burned over years will now be burned immediately. Gaming DAO Merit Circle has announced that a vote recently taken by community ...
Terra LUNA Classic community reduces tax burn to 0.2%
Terra Classic community approved proposal 5234, which reduces 1.2% tax burn to 0.2% and reserves another 10% tax revenue for the ecosystem infrastructure and contributors. According to a LUNC develope...
Binance Reduces Terra Classic (LUNC) Tax Burn From 1.2% To 0.2%
– Advertisement – Binance Declares Support for Terra Proposal to reduce LUNC and USTC Tax Burn Parameters. The exchange has continued to foster its support for the Terra Classic project. U...
Tether Reduces Its Commercial Paper Holdings To Zero ⋆ ZyCrypto
Advertisement     In a tweet on October 13, stablecoin issuers Tether announced that it had reduced its commercial paper holdings to zero to ensure secure and liquid r...
Tether reduces commercial paper exposure to zero, replaces investments with T-Bills
Stablecoin issuer Tether Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves. I...
Tether reduces commercial paper reserves for USDT to zero
Stablecoin issuer Tether has eliminated commercial papers from its USDT reserve, according to its latest reserve update. Tether announced on Oct. 13 that it has cut its commercial paper to zero and wi...
It Reduces Below $15 Support Level, Targeting $14 Level
Join Our Telegram channel to stay up to date on breaking news coverage AVAX remains under Bears’ control Avalanche (AVAXUSD) Price Analysis – October 12 Avalanche has broken down the support level of ...
IMF Reduces Expectations of Global Economic Growth for 2023, Alarms for Recession
Recently the International Monetary Fund came up with a crucial insight which is sufficient to put the market into distress. The IMF expected a slump in the growth of the global economy for the upcomi...
Bearish cycle reduces UNI value to $6.31
Uniswap price analysis shows that the UNI/USD pair is currently in a bearish cycle. The value of Uniswap has been reduced to $6.31, after finding support at $6.27. The market is expected to correct hi...
Binance Smart Chain Reduces BNB Hack Damage by 80%, Oryen Network Shows Strength
Hacks and exploits are sad but a regular occurrence in the crypto industry. The attackers usually exploit bugs and vulnerabilities in innovative code, draining funds and then vanishing into nirvana. A...
Ethereum’s Supply Reduces by 3,000 ETH – Trustnodes
Ethereum’s total supply has fallen from 120,534,212 on Saturday to 120,530,723, its biggest drop since the Merge upgrade on September 15th. This reduction in supply is due to an increase in network ac...
If Fed reduces tightening, bitcoin and crypto to rebound
With the U.S. midterm elections approaching, and world economies in free fall towards recession, there are signs that the Federal Reserve will either reduce future rate hikes or go into pause mode. Cr...
Tether Reduces Commercial Paper Exposure Under $50M
9 hours ago | 2 mins read Altcoin News The company intends to completely liquidate all of its commercial paper assets. Tether has been preparing to submit financial records to the New York Court. Teth...
Tether reduces commercial paper exposure to below $50M, Treasury bills rise to 58.1% of reserve
Insider information on Tether’s reserve revealed that as of Sept. 30, the shadlecoin issuer had increased its U.S. Treasury bills to 58.1% of its reserves while reducing its commercial paper exposure ...