The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Tag: Technology
Crypto Suffers Another Blow: Babel Finance Freezes Withdrawals
Crypto financial services company Babel Finance said it was temporarily suspending withdrawals and redemptions in the latest blow to the cryptocurrency sector. The Hong Kong-based company said in a Ju...
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’
A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...
SpaceX fires employees after internal letter criticizes CEO Elon Musk
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency&#...
El Salvador Faces Turmoil as Bitcoin Value Plunges
El Salvador’s bet on bitcoin is looking more and more risky as the cryptocurrency’s value plunges. Last year, the Central American country became the first in the world to make bitcoin le...
Elon Musk Is Furious – TheStreet
Elon Musk is angry. His detractors will see a lack of fair play, while his fans will give him reason. Before getting to the reason for his anger, it should be noted that for more than a decade, from...
Billionaire Mark Cuban Doesn’t Mince Words About Crypto
As the crypto market tumbles, little is heard from crypto evangelists. While not strictly speaking an evangelist, billionaire Mark Cuban has invested in the industry. He believes in its future. But ...
Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...
Fanatics hires former Dick Clark Productions CEO to lead Topps, NFTs
Dick Clark Productions CEO Mike Mahan (R) and guest attend the 2018 Billboard Music Awards at MGM Grand Garden Arena on May 20, 2018 in Las Vegas, Nevada. Jeff Kravitz | Filmmagic, Inc | Getty Images ...
Unity Stock Initiated at Sell. It Once Was a ‘Pandemic Darling.’
Text size Hickey initiated coverage of Unity at a Sell rating with a $27 price target. David Paul Morris/Bloomberg Shares of Unity Software were falling in premarket Thursday after an analyst at Bench...
Orlando Bravo warns there’s ‘more pain to come’ for the tech sector
Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo, founder of buyout firm Thoma Bravo, told CNBC’s ...
NFT Marketplace Opensea Migrates to Seaport Protocol, Transition to Cut Network Fees by 35% – Technology Bitcoin News
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seapo...
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesda...
Celsius Is Crashing, and Crypto Investors Are Spooked
A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
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Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian
When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billion...
Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’
“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...
Netflix Stock Cut to Sell. Why This Analyst Says He Made a Mistake.
Text size Netflix shares have plunged by more than 70% so far in 2022 Getty Images A once infatuated Wall Street has definitely cooled on the godfather of streaming, Netflix , with a longtime bear adm...
The Champions League Fake Tickets Disaster Could Have Been Avoided Using Blockchain Technology
After the ugly scenes outside the Stade de France on Saturday, 28 May 2022, minutes before the Champions League final kick-off between Liverpool F.C, and eventual winners Real Madrid C.F, UEFA and Fra...
Paris Olympics will exploit the blockchain technology
Ticketing Business News revealed that Michel Cadot, inter-ministerial delegate of the French Olympics, presented a report with guidelines including blockchain-based ticketing. Blockchain at the 2024 P...
Billionaire Saylor’s MicroStrategy Loses over $1.2 Billion in the Bitcoin Crash
Billionaire Michael Saylor and his company MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report are at the center of attention with the fall of Bitcoin. Saylor is one of the most famou...
These 16 stocks in the S&P 500 crumpled at least 9% a day after the Fed raised rates
One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. s...