Crypto wallet Slope might be the weak link behind an exploit that resulted in over $5.8 million in funds being drained from user accounts this week, according to backers of Read more
Tag: Money/Currency Markets
Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin
A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped Read more
Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’
Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief Executive Vlad Tenov publicly announced the layoffs in a Tuesday Read more
Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’
Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief Executive Vlad Tenov publicly announced the layoffs in a Tuesday Read more
Bitcoin has already bottomed, has a fair value of $40,000, says Anthony Scaramucci
Anthony Scaramucci, founder and managing partner at SkyBridge Capital, said he believes that the worst of the crypto bear market has already passed, after crypto hedge fund Three Arrows, lender Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
SEC charges 11 with creating, promoting $300 million crypto ‘Ponzi scheme’
The Securities and Exchange Commission on Monday said it charged 11 individuals over their roles in the creation and promotion of a fraudulent crypto pyramid and Ponzi scheme that raised Read more
Alibaba shares keep sliding in Hong Kong following delisting threat from SEC
Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be Read more
Opinion: Elon Musk is hitting ‘peak hubris’ with his high-risk Twitter and bitcoin plays. Tesla shareholders should be concerned.
Elon Musk is certainly self-confident, perhaps overconfident, but what about his hubris? Confidence and hubris reside at opposite ends of self-image, with overconfidence in between. Confidence is essential in life Read more
Opinion: Fidelity’s bitcoin move getting all the wrong publicity
What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of Read more