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Nalezeno "woes": 167

US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

10.3.2023
Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z

Crypto Community Pounces as Economist Paul Krugman Faces Traditional Finance Woes

9.3.2023
The crypto community is having a blast with a comment from prominent economist and crypto-critic Paul Krugman after he said he’s been locked out of Venmo and that the “software has taken control.” The tweet from Krugman was posted on Wednesday and said that although he has been a user of...

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...

FTX-Affiliated Alameda Research Sues Grayscale Over Crypto Investments, Adding to Woes for Digital Currency Group – What's Going On?

7.3.2023
In a last ditch move to 'maximise recoveries' Alameda Research has filed a lawsuit against Grayscale Investments. The lawsuit alleges that Grayscale charge 'exorbitant management fees'. And named Grayscale CEO Michael Sonnenshein as it went on to accuse Grayscale of 'improperly preventing...

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...

Abkhazia Police Seize 396 Crypto Mining Rigs in 48 Hours as Electricity Woes Continue

9.2.2023
Police in Abkhazia have confiscated 396 crypto mining rigs in the space of just 48 hours – as the de facto state continues its battle against illegal miners. The government has blamed illegal miners for crippling power shortages and rolling blackouts that have left thousands without electricity....

Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences

3.2.2023
Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their...

Tech’s Money Woes: Beginning of the End for Web2?

27.1.2023
Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization

Porsche NFT trading volume nears $5M despite launch woes, minting halt

26.1.2023
Developers of the nonfungible tokens had halted minting on Jan. 25 in response to user complaints

Nifty Gateway co-founders resign amid Gemini woes

25.1.2023
Nifty Gateway was founded in 2018 and acquired by Gemini in 2019

Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes

23.1.2023
Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors

MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes

5.1.2023
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition

Genesis tells clients it needs more time on financial woes after Gemini demands action

4.1.2023
Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet

Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes

3.1.2023
The hopeful “WeWork of Web3” is closing its doors and looking for a new home just months after it opened at 190 Bowery in Manhattan

Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes

26.12.2022
The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto...