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Bitmain Halts Employee Salaries Amid Financial Woes, Report


Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...

Bitmain Addresses Cash Flow Woes, Pays Delayed September Salaries


China-based Bitcoin (BTC) mining machine manufacturer Bitmain has resolved a recent salary delay issue by finally paying its employees for the month of September. This move comes after Bitmain issued an internal notice on October 3, informing its staff of the delay in salary payments for that...

Sam Bankman-Fried's Lawyers Fail to Secure Jail Release Amid Trial Prep Woes


A judge has denied a request by defense lawyers to release disgraced former FTX CEO Sam Bankman-Fried from jail to help him prepare for the upcoming court case. At a hearing on Wednesday, Bankman-Fried's lawyers urged for his release, emphasizing the need to utilize his time more efficiently...

Trump Mugshot Fuels NFT Sales: Ex-President’s Digital Cards Jump 426% 


After a mugshot of the 45th U.S. president, Donald Trump, was snapped at Fulton County Jail in Atlanta, his NFT trading card sales skyrocketed. Cryptoslam.io data shows a whopping 426% surge in Trump’s digital card sales in just 24 hours. Trump’s Unprecedented Mugshot Sparks NFT Card...

China's Deflationary Woes and the Ripple Effect on Bitcoin


China's economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC).  In the latest episode of Macro Markets, analyst Marcel Pechman argued that deflation in China, which economists believe is an issue, would leave short...

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