Search
Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
24.4.2023
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week
Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes
22.4.2023
Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent...
$190B Ontario pension says no to crypto after FTX investment loss
21.4.2023
The pension fund had invested twice in the now-bankrupt crypto exchange once during the peak bull run in 2021 and another in early 2022
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
18.4.2023
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly
Hundred Finance Suffers $7 Million Loss in Optimism Hack – Here's What Happened
17.4.2023
Multi-chain lending protocol Hundred Finance has fallen victim to a hacking attack which enabled the theft of about $7 million worth of crypto. The attacker accessed the funds via Optimism, an Ethereum layer-2 blockchain.
"Once again we hope the hacker will reach out back to us and we will...
Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions
31.3.2023
On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain....
Billionaire Mike Novogratz's Crypto Firm Announces $1 Billion Loss – Here's What Happened
29.3.2023
Mike Novogratz’s crypto investment firm Galaxy Digital lost a whopping $1 billion on its investment last year due to “depressed market conditions.”
The $1 billion loss was primarily a result of unrealized losses on certain investments in Galaxy Digital’s primary investments portfolio, the company...
Web3 creators at higher a loss for royalties than anticipated: data
29.3.2023
New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher
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...