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Nalezeno "$1M loss": 827

MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know

3.2.2023
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year. The net loss for MicroStrategy for the fourth quarter ended up at $249.7m, with the number dragged down...

MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B

3.2.2023
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss

What is crypto tax-loss harvesting, and how does it work?

2.2.2023
Crypto tax-loss harvesting is a strategy used by investors to offset capital gains in their crypto investments by selling losing positions at a loss

BonqDAO protocol suffers $120M loss after oracle hack

2.2.2023
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield

Tesla records $140M Bitcoin net loss in 2022

31.1.2023
The electric vehicle maker earned $64 million in profits from Bitcoin trading, which was offset by a $204 million impairment

Stablecoin Economy Sheds Another $3 Billion in 44 Days

28.1.2023
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD...

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...

New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning

25.1.2023
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer...

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...

Silvergate reports $1B net loss in the fourth quarter of 2022

17.1.2023
The report highlighted that the average deposits in the fourth quarter were $7.3 billion which was lower than the third quarter which had $12 billion

Crypto-Focussed Bank Silvergate Reports Q4 Loss of $1B

17.1.2023
Silvergate's losses in Q4 culminated in full-year losses of around $949 million, compared to net income of $75.5 million in 2021

FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents

9.1.2023
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover...

SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’

9.1.2023
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would...

Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report

5.1.2023
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

3.1.2023
After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow...