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Tag: collapse
Crypto Lender Genesis Files for Bankruptcy, Ensnared by FTX Collapse
[ad_1] Markets Currencies Cryptocurrency The firm was hurt by loans it made to FTX affiliate Alameda Research [ad_2] Source link
Britishvolt hopes for last-minute bid to stave off collapse
[ad_1] Insiders at Beis now say they are not working to any particular plan. Of the current situation at Britishvolt, one said, “if they can raise capital privately then they…
Bed Bath & Beyond’s Collapse Draws Suitors for Buybuy Baby
[ad_1] Business Sycamore Partners in talks for possible deal for Buybuy Baby as part of chapter 11 restructuring [ad_2] Source link
Crypto.com lays off 20% of workforce after FTX collapse blunted ambitious growth
[ad_1] The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California. Rich Fury | Getty Images Crypto.com announced on Friday that it’s laying off 20% of its…
A stablecoin collapse could spill into the U.S. bond market and economy, professor warns
[ad_1] The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has…
Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
[ad_1] Ryan Salame sang like a canary. Salame, FTX’s former co-CEO, warned Bahamian regulators on Nov. 9 that FTX transferred funds to Alameda Research to “cover financial losses,” according to…
Coinbase cuts 20% of global workforce amid crypto collapse
[ad_1] Coinbase, the cryptocurrency exchange platform, is to cut 950 jobs, about 20% of its global workforce. The company has announced the third round of layoffs in a year as…
New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto investors in $20 billion collapse
[ad_1] Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette |…