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Alphabet Too Lays Off Employees as Stockholders Get Restive
Tech layoffs have mounted over the last six months and even the Big Tech companies are not unaffected. Alphabet (NYSE: GOOG) has also laid off some employees from its new businesses. Alphabet has reportedly laid off employees at Intrinsic, its... -
Sam Bankman-Fried Rejects Claims of Misusing Client Money: A Look At What Really Happened
Sam Bankman-Fried, a co-founder of FTX, has consistently rejected claims made by the US government that he misappropriated $8 billion in client funds. As Sam Bankman-Fried gets ready to defend himself against fraud accusations, he gave one of his most... -
Binance US and Voyager Reach Agreement – Court Approves $1 Billion Deal
Voyager, the bankrupt cryptocurrency broker, got a helping hand after a court approved its preliminary plan to sell its assets to Binance.US for $1 billion. This tremendous decision was regarded as a positive action for Voyager’s creditors and customers, who... -
Samsung’s Investment Arm Gearing Up to Apply for Spot-Bitcoin ETF in Hong Kong
Korean technology conglomerate Samsung is looking to beat its competitors in Hong Kong by offering a spot Bitcoin exchange-traded fund (ETF) for investors to gain better exposure to the leading cryptocurrency. Watching Regulatory Developments Closely Speaking in an interview with... -
Apple CEO Tom Cook Takes a 40% Pay Cut after the Stock Sagged in 2022
Apple (NYSE: AAPL) CEO Tim Cook requested the company for a 40% pay cut in 2023 which was granted. The move comes after a dismal 2022 where AAPL stock lost around 28%. 2022 was a tough year for US stocks... -
EL Salvador Passes Landmark Bill to Launch Bitcoin Bonds
El Salvador made headlines almost two years ago when the country adopted Bitcoin as an official legal tender. Now, the country is considering using Bitcoin to service some of its national debt. Long-Awaited Bitcoin Bonds on the Way Earlier this... -
Arbitrum and Optimism Toppled Ethereum in Transactions Across 2022
Despite the successful Ethereum Merge in September, transactions on layer-2 blockchain networks continue to grow as Ethereum shrinks. Battle of the Giants According to data from Etherscan, Optimism, and Arbitrum – two of the largest Ethereum layer-two networks – have... -
Several Rivian Executives Exit after Tepid 2022 Performance
Several top Rivian (NYSE: RIVN) executives have quit the company. This comes after a tepid 2022 where the company missed its production guidance and the stock fell to multi-year lows. Steve Gawronski, the vice president in charge of parts purchasing,... -
Brett Harrison, Former FTX US President, Will Reveal Everything “In Time”
Brett Harrison, the former US president of FTX, stated on Twitter that he will discuss the former cryptocurrency exchange at a later time. It is worth noting that Harrison joined FTX in May 2021, and since then, he has supervised... -
Web3 Companies Will Likely Attract More Venture Funding In 2023
Alex Thorn, head of research at cryptocurrency investment firm Galaxy Digital, predicts that Web3 blockchain enterprises and trading-based services will continue to attract the lion's share of venture money in 2023, just as they did in 2022. https://twitter.com/0xbeaconglobal/status/1612720789190774784?s=20&t=Ax3hT7Y6kK7vptbA5s75IA Alex Thorn...
