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Arbitrum posts a 89 percent loss this month, does Avorak AI have stronger potential?
28.3.2023
The recent market volatility contributed to significant losses, and the DeFi space is still rejuvenating. One of the casualties is Arbitrum, which recently announced airdrops in line with pre-launch prices. Arbitrum news posted an 89 percent loss this month, as its website went down amid chaos...
Galaxy Digital swings to profit after $1B net loss in 2022
28.3.2023
The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023
Standing Together Against Disasters: CoinEx Charity Passes on the Spirit of Charity
28.3.2023
PRESS RELEASE. Every year, natural disasters like earthquakes, hurricanes, and floods hit countries around the world, severely damaging local infrastructure and homes and causing casualties. Individuals and communities in the catastrophe-hit areas suffer a heavy loss and need help from the outside...
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
21.3.2023
Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022
Bitcoin bears could face $440M loss in Friday's options expiry
16.3.2023
The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...
9 key metrics to analyze the health of a bank
16.3.2023
Discover nine crucial metrics to analyze bank health: equity, ROA, ROE, NPLs, CAR and more
Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?
11.3.2023
Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.
According to a March 10 filing by the Justice Department, BlockFi has $227 million parked in a money market mutual fund, which isn’t insured by the Federal...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
10.3.2023
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution...
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Oh No, Yu-Gi-Oh Wiki Suffers ‘Catastrophic’ Loss Of Content Spanning Years
7.3.2023
It’s a nightmare scenario for Yu-Gi-Oh fans who have to look up cards with convoluted descriptions. Over the weekend, the administrators of Yugipedia—which, as its name implies, is a wiki on all things Yu-Gi-Oh—announced that they had accidentally deleted half of the wikia’s primary database....
Investor Letter Shocker: Multicoin Capital's Hedge Fund Reports 91.4% Loss in 2022 – Here's What Happened
5.3.2023
Digital asset investment firm Multicoin Capital lost as much as 91.4% in 2022 as investors rushed for the exits following the catastrophic collapse of FTX.
According to a copy of the firm’s annual investor letter, the hedge fund was hit hardest after the collapse of FTX despite managing to weather...
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
1.3.2023
Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally...
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
27.2.2023
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury
27.2.2023
The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a split-decision victory. Drake Loses $400K Bitcoin...
Crypto Miner Hive Blockchain's Posts Q3 Loss as Ethereum Merge Cuts Revenue, Mining Margin
21.2.2023
The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining
Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip
9.2.2023
Bitcoin may go "hard lower" if it fails to preserve the area around $22,500, market participants say
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
8.2.2023
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency
Safe and Simple Crypto Trading With the First no Fund Holding CEX
7.2.2023
PRESS RELEASE. TEXT   This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused...
Orion Protocol suffered a loss of $3 million on ETH & BSC
6.2.2023
Orion Protocol suffered a total loss of $3 million on ETH and BSC. This was first visible on Twitter, followed by an announcement by Orion’s CEO. He, however, claimed that the harm that was done was contained to an internal broker account. In his statement, the user funds happen to be safe....