Bitcoin miner Argo Blockchain (ARBK) saw its shares rise as much as 14% on Monday, January 18th, after gaining compliance with Nasdaq listing requirements. The company had been in danger of bankruptcy due to a combination of rising energy costs and the crypto winter, which resulted in a dip in bitcoin prices and a drop … Read more
Spotify, the popular music streaming service, announced on Monday that it is cutting 6% of its global workforce in response to a challenging economic environment that has seen consumers and advertisers limit their spending. With a total workforce of around 9,800 people, the cuts will impact approximately 600 employees. The company, which is based in … Read more
The world of cryptocurrency started off the new year with an impressive month-long rally. Bitcoin, the top crypto, is trading near four-month highs after jumping above $22,300 on Friday. This marks a significant milestone for the digital currency, as it has surpassed its level prior to the collapse of the FTX exchange in November. In … Read more
Big Tech companies are facing a tough start to 2023 as they continue to lay off thousands of employees following a difficult 2022. Companies like Meta, Amazon, and Intel announced significant job cuts last year due to high interest rates, inflation, a hawkish Fed, and slowdowns in advertising and consumer spending. Google’s parent company, Alphabet, … Read more
The world of finance is constantly evolving and one of the most exciting developments in recent years has been the rise of cryptocurrency. From Bitcoin to Ethereum and beyond, these digital currencies have captured the attention of investors and enthusiasts alike. But what exactly is cryptocurrency and what are the opportunities and challenges that it … Read more
Nouriel Roubini, also known as “Dr. Doom” for his dire perspectives on global trends, has once again spoken out against the cryptocurrency industry. At the World Economic Forum in Davos, Switzerland, Roubini stated that “Literally 90% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust.” Roubini specifically … Read more
On Wednesday, Microsoft announced that it will be letting go of 10,000 employees through March 31st as the company anticipates slower revenue growth. In addition, Microsoft will also be taking a $1.2 billion charge. This news comes as several other technology companies, such as Alphabet, Amazon, and Salesforce, have also recently reduced their headcount. The … Read more
Recently, CoinDesk has uncovered a shocking revelation regarding the U.S. Congress. It turns out that more than one in three of the 535 senators and representatives in Congress have connections to the fraud-ridden crypto giant, FTX. This is a result of campaign support from one of the senior executives of the company. FTX is a … Read more
On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the largest and most widely traded publicly listed companies in the United States, lost 391.76 points, or 1.14%, to close at … Read more
Bitcoin has had an impressive start to the new year, climbing more than 26% and surprising those who expected riskier investments to face more challenges following sharp selloffs in 2022. This is the best opening month performance for the token since a 31% rally in 2020, before the pandemic hit. This surge has helped to … Read more
