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Circle marks a possible $3B loss from Binance stablecoin conversions
16.11.2022
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX
Why NFT Tax-Loss Harvesting Remains a Challenge for Investors
15.11.2022
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential
14.11.2022
Hodlers in loss sit on 50% of BTC supply after $5.7K Bitcoin price dip
11.11.2022
Unrealized losses are hitting both long-term and short-term holders this week, with half of the supply underwater in wallets
Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO
9.11.2022
The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date
SEC Wins Court Case Against Blockchain-Powered Platform – Team Says Loss Sets ‘Dangerous Precedent’
8.11.2022
The Securities and Exchange Commission (SEC) has won a court case against the blockchain-based publishing platform LBRY. According to LBRY, the SEC’s victory sets “a dangerous precedent” for crypto regulation in the US.
The win for the American financial regulator means that LBRY’s token LBC...
New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’
7.11.2022
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or...
Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day
6.11.2022
Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though...
pNetwork’s $1B loss exposes the vulnerabilities of Web3
4.11.2022
pNetwork suffers huge damage after taking a wrong attempt to fix a supposed misconfiguration. However, pNetwork suffered a hacking attempt and showcased the blockchain-based business’s curse. Hackers minted $1B worth of pGALA tokens on BNB Chain’s top exchange, PancakeSwap dropping...
Deribit hacked for $28m; Company reserve covers loss
3.11.2022
Deribit recently became a victim of the hacking attack as its hot wallet was compromised for funds worth $28 million in value. The Incident reportedly happened in the late evening of November 01, 2022. Deposits have been halted and are estimated to reopen soon after the platform is confident of...
Skyward finance exploit allegedly results in $3 million loss
2.11.2022
The hacker appears to have drained the platform of 1.1M NEAR tokens, worth an approximate $3 million dollars USD at time of publication
Microsoft Loses Between $100-$200 On Every Xbox It Sells
31.10.2022
Video game consoles are very expensive pieces of computer hardware crammed into relatively small boxes and packaged with pricey controllers. So it’s not surprising to hear that Microsoft isn’t making money selling Xbox consoles. In fact, these days it loses up to $200 for every console sold. Read...
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
31.10.2022
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut...
Crypto Firm Freeway Updates Community, Says Trading Strategy ‘Failed’ and ‘Caused a Substantial Loss’
27.10.2022
Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was protecting the firm’s portfolio from “market fluctuations and volatility.” Two days later, the team updated the community and explained on Tuesday that “one...
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Halo Devs Team Up To Make Master Chief Prosthetics For Kids With Limb Loss
19.10.2022
Halo developer 343 Industries announced on October 18 that it will expand its partnership with Limbitless Solutions, a nonprofit that creates free custom prosthetics for children with limb loss, which it initiated in 2018. In addition to its existing prosthetic collaborations, a Master Chief...
TempleDAO exploit results in $2M loss
11.10.2022
The hack was allegedly caused by “a missing onlyMigrator check.”
Nifty News: IHOP bamboozles crypto users with 'NFT’, Logan Paul’s NFT falls to $10 and more
11.10.2022
The YouTube star's huge loss on his NFT has been bumped up by a measly bid after he shared how much it had dropped in value since his purchase last year
First Mover Americas: Bitcoin to Post Sixth Straight September Loss, but LINK and UNI Manage Gains
30.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 30, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’
27.9.2022
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term...