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The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration. Multinational investment bank and financial services company UBS Group AG (SWX: UBSG.SW) has published its report for Q3 2023, showing a disappointing net loss. The banking giant announced
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Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%. According to Bloomberg, the firm plans to curb expenses for potential long-term growth. Chainalysis had around 900 employees before the layoffs and has reduced its workforce by 135 people. “We are very focused on
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On Sep. 28, Epic Games, the company behind the popular video game Fortnite, announced that it would be laying off some of its employees due to expenses exceeding revenue. Epic Games CEO Tim Sweeney emailed affected staff, revealing that two-thirds of those affected were from teams “outside of core development.” Sweeney explained that his
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The bankrupt crypto lending firm Celsius has filed a motion seeking relief for the distribution of funds resulting from the sale of GK8, a self-custody platform. The settlement, agreed upon by the debtors, the creditors’ committee,
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Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.The Celsius Network’s debtors on July 17 submitted a filing stating that its Series B holders have agreed on a settlement to
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Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States. This number appears in a study, published by the Money Mongers on Feb. 23. The count is based on data from
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The Bahamas Supreme Court ruled that FTX is responsible for all costs associated with the Securities Commission in keeping FTM assets in commission's digital wallet; Bloomberg reports that a Bahamas court has agreed to let part of FTX case be handled in U.S. Source
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Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled
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