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In its Q4 2022 report, Rivian explained that supply chain constraints continue to affect its production capacity. Rivian Automotive Inc (NASDAQ: RIVN) recently posted its Q4 2022 earnings results, which showed mixed performances. The electric vehicle company’s revenue fell below expectations, although its adjusted loss per share fared better. Furthermore,
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Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia.Exactly one year ago today — Feb. 24, 2022 — Russian military forces invaded many areas of Ukraine in what has become one of
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Alibaba saw a decline in the value of transactions on the online shopping platforms during the fiscal Q3. Chinese e-commerce company Alibaba Group (NYSE: BABA) crushed expectations in its fiscal Q3, which ended on December 31. The company recorded revenue of 247.76 yuan, equaling $35.92 billion. Meanwhile, analysts expected Alibaba
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The Central Bank of Nigeria (CBN) continues to develop its central bank digital currency (CBDC), the eNaira, but this time it’s calling for backup.According to a Feb. 21 Bloomberg report, the CBN is in talks with new “technology partners” to develop a new and improved system to manage the eNaira.According
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The bankruptcy filing, made Feb. 3, was not made in good faith; the company isn’t eligible, having no employees, no income and no business; and the case exists “solely” to advance the interests of Antiguan liquidators who’ve already gained over $1.7 million in fees, BlockFi said. Original Source
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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 with the market despite its woes. Credit Suisse, Deutsche Bank
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According to a press release, the project will "offer a unique experience built around digital collectible art that is tied to a storyline players will unfold in a virtual (turn-based) adventure. The art evolves with each strategic move a player makes." Source
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Bankman-Fried, for instance, is specifically asked for information on FTX, Alameda, and Emergent Fidelity Technologies’ (a holding company he ran with former FTX executive Gary Wang) business performance, all emails from his FTX account and personal Gmail, details on real estate holdings, and supporting documents he made to back up
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The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit. Peter Wall, the CEO of Argo Blockchain, announced his resignation from his executive position on Feb. 9. According to the announcement, Wall will remain an adviser to Argo throughout the next
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During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto. Source
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