This is a debacle and a huge setback for the cryptocurrency industry. FTX, one of the largest digital currency exchanges, filed for Chapter 11 bankruptcy on November 11th. This decision is one of th...
Tag: Technology
Tether chief technology officer confirms no plans to rescue FTX
Cryptocurrency exchange FTX has lost at least one potential rescuer as it battles to fill a reported multi-billion dollar hole in its balance sheet. The chief technology officer of stablecoin issuer T...
Disney plans hiring freeze, job cuts, memo says
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring free...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
SpaceX shakes up Starbase leadership in Starship push
An aerial view of a Starship prototype stacked on a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX While Elon Musk earns daily headlines over change...
What Airbnb Could Teach Brands About Digital Advertising
What Airbnb Could Teach Brands About Digital Advertising Getty Images The decade-long boom in the online advertising business of pay-per-click (aka performance marketing) appears to be fading. That’s ...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
BlockFills launches end-to-end enterprise crypto trading technology stack » CryptoNinjas
BlockFills, a company specializing in building trading and management solutions for cryptocurrency market participants, today announced the launch of Vision Crypto Cloud, a secure, full-service, end-t...
Bulls in Control of Nvidia Stock. Here’s How High It Could Rally
Chip stocks have been a tough trade for investors this year and Nvidia (NVDA) – Get Free Report is no exception. Neither is Intel (INTC) – Get Free Report, Advanced Micro Devices (AMD) ...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Crypto Is Losing a Big Trader. A Top Exchange May Also Be Worthless.
The world of cryptocurrency remains in turmoil. The dust hasn’t settled, but it looks like the market will lose one one of its most influential trading firms, and possibly one of the largest exchanges...
Microsoft co-founder Paul Allen’s art collection sells for $1.6 billion
Art handlers hold a painting titled “La montagne Sainte-Victoire” by Paul Cezanne (estimate on request: in excess of $120,000,000) during a photo call to present the highlights from the es...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
Nio Q3 2022 earnings revenue loss guidance
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio on Thursday report...
David Chaum Rolls Out Privacy-Protecting CBDC Technology
However, users can voluntarily give up the privacy of their coins if they want law enforcement to trace stolen funds. For this, a user would need to reveal his unique cryptographic key to, say, the po...
Amazon Has Lost $1 Trillion in Market Cap. Ouch.
Amazon.com has now lost more than $1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value. It’s a painful reminder to inves...
Disney stock tumbles to worst day since 2001 after ‘massive earnings downgrade’
Walt Disney Co. has a profit problem, and that’s helped send shares of the media giant to their worst daily performance in more than two decades. Though Disney DIS, -13.16% notched record sales during...
Tom Brady and Steph Curry’s Crypto Firm Looks For a Savior
The days of FTX.com are numbered. The cryptocurrency exchange platform could experience a sad and humiliating fate in the coming hours: filing for Chapter 11 bankruptcy. The company finds itself with...
Rivian (RIVN) earnings Q3 2022
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automoti...
Crypto Crisis: Bitcoin Collapses By 17% and Sees No Hope
The crypto industry is plunged into a new crisis of confidence. As cryptocurrency prices began to stabilize, fresh drama derailed the sense of relief that was finally settling into the crypto market ...
Record revenue, added contract wins
An Electron rocket launches from the company’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space co...
Plug Power Missed Sales Estimates By a Mile. Wall Street Isn’t Worried.
Hydrogen fuel-cell technology company Plug Power reported third-quarter results that fell way short of Wall Street expectations, but analysts still believe the company’s future is very bright. Tuesday...
US launches carbon offset program to help developing countries
US Special Presidential Envoy for Climate John Kerry speaks at the opening of the US Pavilion during the COP27 climate conference at the Sharm el-Sheikh International Convention Centre, in Egypt’...
You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks they take when they park their money with a ligh...