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Silvergate begins NYSE delisting process as it readies to cut 230 staff
12.5.2023
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
11.5.2023
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right...
Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default
4.5.2023
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value....
U.S. Regulator Cuts Digital Assets Out of Hedge Fund Rule
4.5.2023
The Securities and Exchange Commission has decided to leave digital assets out of a new rule requiring more information from hedge fund and private equity advisers.
The agency voted to adopt new changes to private fund reporting, specifically to Form PF — a reporting form for registered...
Bitcoin Back Above $29,000 Post-Fed as Markets Bet on Rate Cuts – Where Next for the BTC Price?
4.5.2023
Bitcoin has recovered back above the $29,000 level, rising above its 21 and 50-Day Moving Averages in doing so, in wake of another rate hike from the US Federal Reserve.
The US central bank lifted the federal funds target range by 25 bps on Wednesday to 5.0-5.25%, marking 500 bps worth of rate...
DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot
14.4.2023
The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025
1.4.2023
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus...
World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year
30.3.2023
The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes...
Billionaire Barry Sternlicht Warns of Hard Landing — Says ‘Economy Is Going to Implode’
26.3.2023
Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, has warned that the U.S. economy is going to implode, emphasizing that interest rates have to fall. He further stressed that the economy “will have a hard landing.” Barry Sternlicht on Hard Landing, Economic...
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
25.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds...
Animoca Brands cuts metaverse fund target to $800M: Report
24.3.2023
The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
24.3.2023
When Animoca initially unveiled its plans for the fund last November, its target was $2 billion. This was then cut in half to $1 billion in January
Banking Giant State Street Cuts Ties With Crypto Custody Firm Copper
16.3.2023
State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
15.3.2023
It's unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector
Crypto layoffs decelerate, with layoffs falling to 570 in February
1.3.2023
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January
Crypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring
23.2.2023
The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B last year
Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
22.2.2023
Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs
21.2.2023
The firm said that the job cuts are part of its consolidation earlier this year