Topline Stocks surged Friday on news of a cooling labor market, a necessary condition for the Federal Reserve to stand down from its most aggressive monetary policy in decades which has sent stocks sp...
Tag: report
Wall Street reacts to a Goldilocks jobs report
The U.S. economy added 223,000 jobs in December, more than economists expected, while the unemployment rate fell to 3.5%. Job growth has slowed in recent months against a backdrop of higher interest r...
DCG Wealth Management Division Shuts Down Hours After Genesis Announced Layoffs: Report
Yesterday, the DCG Group – a conglomerate that manages Genesis, Grayscale, and wealth management service HQ – announced a 30% workforce reduction as the shadow of bankruptcy looms over the battered cr...
Stocks end first week of 2023 higher after jobs report spurs big rally
U.S. stocks staged their first notable rally of 2023 to close the week higher Friday after December employment data showed wage growth decelerated last month. Investors perceived the release as a sign...
Major Cryptos Mostly Flat Despite Positive U.S. Jobs Report
Bitcoin broke even after a bearish run in the last 24 hours, but remained mostly flat, as the Dec. 2022 U.S. Nonfarm Payrolls Report revealed slow wage growth unlikely to reduce interest rate hikes in...
Crypto losses in 2022 total $3.9 billion, Immunefi report says
The crypto industry as a whole lost $3.9 billion in 2022, according to a new report from bug bounty platform Immunefi. Of those, only 5.2% were recovered, totaling around $204.2 million across ...
Crypto lender Genesis lays off 30% more staff: Report
Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months. According to a Jan. 5 Wall Street Journal report, Genesis reduced i...
Fanatics Selling Its 60% Stake in Sports NFT Firm Candy Digital: Report
But Fanatics’ CEO Michael Rubin wrote in the internal email that “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or add...
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...
Crypto Derivatives Trading Volume Plunges in December As Sector Reckons With FTX Fallout: Report
A new report from blockchain market data provider CryptoCompare shows a massive decline in crypto derivatives trading activities last month following the collapse of industry giant FTX in November. In...
Quantum computers may soon breach blockchain cryptography: Report
According to a recent paper, Chinese researchers claimed to have discovered a novel method to break the Rivest-Shamir-Adleman 2048 bit (RSA-2048) signing algorithm present in blockchains and other sec...
Leon Cooperman shares market outlook following monthly jobs report
S&P 500 is in the green this morning even though the Bureau of Labour Statistics reported a better-than-expected growth in nonfarm payrolls for December. Notable figures in the monthly jobs report...
Bitcoin Jumps Toward $17K on Positive US Job Report
The US continued to beat expectations in terms of new jobs added for the month of December, according to the Labor Department. The unemployment rate dropped to historic lows. The report for December 2...
Report: Crypto Firm DCG Is Contending with Tons of Debt
DCG (Digital Currency Group) – the crypto company that owns Grayscale – is allegedly $2 billion in debt, giving traders and crypto analysts a lot to be anxious about. DCG Is Allegedly Dealing with Ton...
ETH Lower, as Markets Await Nonfarm Payrolls Report – Market Updates Bitcoin News
Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would...
Binance’s stablecoin BUSD hasn’t always been 1:1 backed, report
Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Bi...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals. According to a re...
2022 Crypto and DeFi Losses Hit $3.9 Billion, Says Report
Despite the 2022 market crash, the crypto industry still presents a tantalizing opportunity for so-called “black hat hackers.” At the end of Q3 2022, the crypto space was worth $934.85 billion, accord...
Dow Jones Futures: Jobs Report Is Big Market Test; Tesla Slashes China Prices
Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. All eyes are on the December jobs report due Friday morning. X Tesla (TSLA) announced major China price cu...
ChatGPT Creator OpenAI Discussing Offer Valuing Company At $29 Billion, Report Says
Topline OpenAI—the artificial intelligence company behind the viral ChatGPT chatbot program—is in discussions to sell shares valuing the firm at $29 billion, according to the Wall Street Journal, afte...
The Inflow of Digital Asset Investment Products in 2022: Report
According to CoinShares report, “Bitcoin prices fell by 63%, digital assets saw inflows totalling US$433 Million for 2022.” 1. While #Bitcoin prices fell by 63%, digital assets saw inflows totalling U...
FTX Collapse Triggered $8,100,000,000 in Withdrawals at Crypto-Friendly Bank Silvergate: Report
The high-profile collapse of crypto exchange FTX has reportedly triggered a mass exodus from Silvergate, a crypto-friendly bank. According to a new report by The Wall Street Journal, the disintegratio...
Apecoin, Decentraland Rise Amid Report NFT Sales ‘Not Badly Off’ in 2022 ⋆ ZyCrypto
Advertisement     Despite the heavy downfall of cryptos, NFTs showed resilience last year. The positive report has accelerated the price of APE, SAND, and MANA. Non-fu...
ADP jobs report December 2022:
The jobs market closed out 2022 on a high note, with companies adding far more positions than expected in December, payroll processing firm ADP reported Thursday. Private payrolls rose by 235,000 for ...
JOLTS report November 2022
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession, the Labor Department reported Wednesday. The Job Openings and ...
US Government to Seize $465M Worth of Robinhood Shares Linked to SBF (Report)
The American authorities have reportedly seized or will soon confiscate 56 million shares of Robinhood tied to the former CEO of FTX – Sam Bankman-Fried (SBF). The 30-year-old recently sought help fro...
Huobi Forces Employees To Accept Payments In Crypto: Report
According to a report, Huobi Exchange is forcing its employees to accept salary in USDT/USDC instead of fiat currency. It is also claimed that if they deny to the payment method they will be fired. Th...
Indonesia to launch national crypto exchange in 2023: Report
As a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according to reports. The platform is planned to be launched prior to a shift of regulatory power from co...
Crypto Payments Firm Wyre To Shut Down After Missing Out on $1,500,000,000 Deal: Report
A crypto payments firm is reportedly shutting down after a massive $1.5 billion deal fell through. According to a new report by Axios, crypto payments company Wyre is shutting down after Bolt Financia...
Top Public Bitcoin Mining Firms Owes Most Money: A Report
The Bitcoin (BTC) miners witnessed a sort of mixed “success” while tackling the debt-fueled overexpansion crisis. Most of the industry insiders have collected more than $4 Billion of debt in recent cr...