Windfall tax all but wipes out North Sea oil giant’s £2bn profit

KRT18T North Sea, Oil production with platforms. Aerial view. Brent Oil Field. – Martin Langer/Alamy Stock Photo The North Sea’s biggest oil producer has warned it will be forced to cut staff an...

Silvergate Capital will liquidate after crypto collapse wipes out bank

Silvergate Capital (SI) said Wednesday afternoon it will wind down operations and voluntarily liquidate its bank after a collapse in the crypto market saw billions in deposits leave the bank in recent...

Supermodel Karlie Kloss Makes Angel Investment In Coterie, A Diaper Company

Karlie Kloss with son Levi, who is wearing a Coterie diaper. Courtesy of Coterie PHOTO BY GABRIELLE RESNICK All diapers are not created equal. At least that’s what Coterie, a direct-to-consumer diaper...

Housing Market Downturn Wipes $2.3 Trillion In Value As Experts Predict Prices Could Still Tumble Another 10%

Topline U.S. homeowners have lost a staggering $2.3 trillion in market value since June as higher interest rates drive down demand in the formerly red-hot housing market, and many economists predict t...

Bitcoin rejected at $25,000 as mild sell-off wipes $20B from crypto market

Ad The cryptocurrency market cap saw net outflows of $20 billion over the weekend and currently stands at $1.11 trillion — down 1.68 % from $1.13 trillion. During the reporting period, Bitcoin and Eth...

AUDUSD Weekly Forecast – Australian Dollar Wipes Out Last Week

AUD/USD Forecast Video for 06.02.23 Australian Dollar vs US Dollar Weekly Technical Analysis The Australian dollar initially tried to rally but ran into a lot of trouble near the 200-Week EMA, only to...

Intel cuts CEO pay by 25% as a chip glut wipes out profits—and even middle managers will take a salary hit

U.S. chipmaker Intel Corporation is cutting pay across its workforce days after the company shocked Wall Street with below-expectations revenue and a forecasted loss for the current quarter. Intel CEO...

FLOW Price Analysis: Bearish candles wipes out the previous day’s gains

Token has shown bearish actions in previous sessions. Bears continue to push the token price down, continuing the downtrend. Despite achieving new milestones in development, the currency is currently ...

Silvergate Stock Dives as Bank Run at Crypto Firm Wipes Out Years of Profits

Shares in Silvergate Capital lost almost half their value on Thursday after the cryptocurrency-focused bank revealed an enormous loss resulting from a struggle to raise cash as deposits plunged in the...

Cryptowinter Wipes of 80K BTC Millionaires in 2022

71.73% drop in BTC addresses from January 2022 to 2023. $1 million addressed dropped by 73.33.  $10 million addresses dropped by 62.5%. 2022 can be considered the worst year for the crypto industry, a...

Prevailing crypto winter wipes over 70,000 Bitcoin millionaires during entire 2022

The rise of Bitcoin (BTC) and other cryptocurrencies in recent years has created a new class of wealthy individuals, many of whom had made their fortunes by buying into the market early and adopting ‘...

Market Rally Wipes Out Powell Gains As Apple, Exxon Skid; What To Do Now

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally had another weak session, with Apple (AAPL) and Exxon Mobil (XOM) breaking below ke...

XRP wipes $800 million from its market cap in a day as buying pressure cools off

XRP has enjoyed a sustained rally in recent weeks despite the general cryptocurrency market operating in bearish conditions. Notably, the asset has received a boost from the ongoing case between its p...

FTX Fallout Wipes Out $700M From Solana DeFi

“Solana has undoubtedly taken a massive blow, and the consequences of this blow seem far more dramatic and painful than for other blockchains,” Alexei Kulevets, co-founder of Walken told CoinDesk in a...

Bitcoin bulls face $21K sellers as BTC price wipes out Fed FOMC losses

Bitcoin (BTC) headed toward $21,000 on Nov. 4 as bulls attempted to reclaim lost ground. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView...

Solana wipes out almost $1.5 billion in a week as network-related hacks mount

Decentralized finance (DeFi) asset Solana (SOL) is recording significant capital outflow, with the network facing various challenges, including hacks and system outages. The incidents appear to limit ...

LUNA Price Decline Wipes out the Recent Gains. Is Another Downtrend on the Way?

The crypto markets appear to have been swinging off-let as the bulls & bears try to establish their dominance. Considering the Terra(LUNA) price action, the upcoming trend appears to be largely va...

Bitcoin (BTC) Wipes out Recent Gains, but Reason to Remain Bullish

Bitcoin (BTC) decreased sharply on Sept. 13, casting some doubt in the legitimacy of the preceding upward movement. BTC reached a high of $22,799, briefly moving above the 0.618 Fib retracement resist...

Rug Pull Almost Wipes out GameFi Project; DeFi Protocol Suffers Hack

A popular play-to-earn (P2E) GameFi project has seen its value plunge by 99% following a rug pull, while another decentralized finance (DeFi) platform has lost millions of dollars in a hack. According...

China Crisis Wipes Out $90 Billion of Developer Market Value

(Bloomberg) — Chinese developers have suffered a meltdown of at least $90 billion in stocks and dollar bonds this year, with a bursting housing bubble and an intensifying debt crisis threatening...

Bitcoin wipes $15 billion from market cap in 10 mins as U.S. inflation data runs hot

On July 12, the price of Bitcoin (BTC) stabilized into a steady holding pattern ahead of the release of U.S. inflation data, which ultimately injected further downwards volatility. Indeed, news that i...

Bear market wipes 25 cryptocurrency exchanges in 30 days

The ongoing cryptocurrency bear market has impacted several elements of the sector, with exchanges emerging as the latest entities to feel the hit. Indeed, the number of exchanges has dropped as crypt...

Crypto Market Crash Wipes Millions of Dollars From North Korea’s Kitty of Stolen Cryptocurrencies – Bitcoin News

The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets. The diminishing value of cryptocurrencies is believed to be af...

Crypto market crash wipes out millions from North Korea’s stolen crypto funds

North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millio...

India’s largest-ever crypto Ponzi scam wipes $12.8 billion from victims

As the cryptocurrency industry grows larger, malicious individuals and groups seek (and find) more opportunities to get away with other people’s digital assets, with the largest-ever crypto Ponzi scam...

Crypto Crash Wipes Off Half Of El Salvador’s Bitcoin Investment 

Bitcoin holders around the world are in turmoil seeing their crypto investment freefall. However, El Salvador might be in the worse situation. Nayib Bukele, El Salvador’s president, is a big crypto en...

Crypto market wipes $280 billion in a week as Bitcoin drops to an 18-month low

The global cryptocurrency market continues to experience a downward trend as the mood around the sector continues to be bearish in the face of increasing inflation and rises in interest rates. In the ...

Ethereum wipes out $8.10B while eagerly awaiting ‘The Merge’

The Ethereum blockchain has burned 2.35 million ether since the implementation of the Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over nine months, and during the l...

Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall

Topline Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more t...

Apple Still Dominates As Brutal Market Selloff Wipes Trillions In Market Value

Marred by global supply shortages and regulatory crackdowns, a fewer number of tech companies appear on this year’s Global 2000, Forbes’ annual ranking of the world’s largest public ...

$1 Trillion Crypto Meltdown—Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra’s Luna And Avalanche

Bitcoin and cryptocurrencies have crashed further overnight, dropping to levels not seen since the crypto market began surging in late 2020 and wiping away almost $1 trillion worth of value in a month...

Market Crash Wipes Millions off Crypto Companies’ Stock Price

Major crypto companies have seen millions wiped off their stock value following the recent market crash. MicroStrategy, Silvergate Capital, Marathon Digital Holdings, Coinbase, and Galaxy Digital Hold...