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Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.The world’s largest electric carmaker Tesla Inc (NASDAQ: TSLA) has decided to cut the price of its cars in one of its most-competitive markets China. As per
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The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills. Original Source
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The trading shop cut less than 10% of staff to “continue to position our business for long-term growth,” a spokesperson told CoinDesk Original Source
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The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source
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We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for
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Argo’s revenue from mining in the first half of the year was $32.5 million, down 14% from the same period last year, mainly due to lower bitcoin prices and an increase in the global hashrate and associated network difficulty. Adjusted EBITDA for the first half of 2022 fell 28% from
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Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center.In a Monday tweet, Crypto.com released an artist’s rendering of some
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Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market. According to an Aug. 17 note from co-CEOs Alex Harper and Ryan Parsons stated that 74 colleagues had to be let go, as the current economic
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Hodlnaut is one of the many crypto firms to stumble under cratering market conditions and imploding companies, alongside Three Arrows Capital, Voyager Digital and Celsius Network. In the blog post, Hodlnaut pointed the finger at “losses suffered” from TerraUSD’s crash. Source
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Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to
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