Tag: Losses

Crypto technology

Robinhood Layoff Costs, Q2 Losses Won’t Delay Crypto Product Launches 0 (0)

Robinhood’s 23% headcount discount announcement got here a day earlier than it reported a web lack of $295 million within the second quarter Wednesday Company estimates an almost 10% lower in bills in 2022 from the prior yr regardless of restructuring prices from two rounds of layoffs Though Robinhood is about to take a success…

Crypto technology

Bitcoin dips to $22.6K, risking additional losses if it fails to carry above 200-week MA 0 (0)

The temper throughout the cryptocurrency ecosystem is noticeably brighter on July 22 after every week of positive aspects helped merchants put the occasions of the previous two months behind them and look towards a optimistic future.  Data from Cointelegraph Markets Pro and TradingView reveals that the worth of Bitcoin (BTC) has been oscillating round help…

Crypto technology

Celsius Loan Liquidation Caused ‘No Losses to Tether’ 0 (0)

Tether concedes its portfolio nonetheless features a “minimal” funding in Celsius The firm didn’t point out when the mortgage was taken out — or how a lot of the collateral was misplaced throughout bitcoin’s current slide in worth The firm behind the stablecoin Tether on Friday unveiled recent particulars round its mortgage to embattled crypto…

Crypto technology

Genesis Trading CEO confirms 3AC publicity, mum or dad firm helps plug losses 0 (0)

Digital Currency Group’s market maker and lending agency Genesis Trading has confirmed that it had funding publicity within the now-liquidated Three Arrows Capital (3AC). The insolvency and subsequent liquidation order of the embattled firm despatched shockwaves by the cryptocurrency house final week amid an ongoing downturn throughout crypto markets. A significant speaking level was the…

Crypto technology

Bitcoin nears worst month-to-month losses since 2011 with BTC value at $19K 0 (0)

Bitcoin (BTC) drifted additional downhill into the June 30 Wall Street open as United States equities opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. greenback returns to multi-decade highs Data from Cointelegraph Markets Pro and TradingView adopted BTC/USD because it deserted $19,000 to hit its lowest in over ten days. Bulls did…

Crypto technology

Genesis faces enormous losses, BlockFi’s $1B mortgage, Celsius’s dangerous mannequin 0 (0)

It’s been one other day of watching the ripples of contagion unfold by the crypto market. With Three Arrows Capital being ordered into liquidation by a British court docket, particulars have additionally emerged in the present day of BlockFi liquidating a $1B mortgage to 3AC, and the fallout from the insolvency was partly accountable for…

Load More