Bitcoin Mining Company Stronghold Sells off Equipment to Pay Debts
Yesterday’s quarterly earnings report revealed that the company had announced a plan to reduce its debt. Stronghold stock plunged almost 18% upon the announcement.
Another Crypto Broker Cuts Staff and CEO Steps Down – Genesis Trading
As Genesis Trading announces major management changes, Michael Moro, Genesis Trading CEO, is stepping down.
United Kingdom Award Crypto.com Rights to Conduct Business
Crypto.com has been approved by the UK government to provide services to UK customers, in accordance with local laws and regulations.
Scion Asset Management Firm Sells All Positions Except For One After Predicted The Next Big Crash
According to the filing by Scion Asset Management with the U.S Securities and Exchange Commission (SEC), Michael Burry, a hedge fund manager, sold all but one of Scion Asset Management’s stock holdings during the second quarter.
Celebrities Get Outed For Promoting NFT Projects – Tom Brady, Floyd Mayweather and Many More
Truth in Advertising, a consumer watchdog group, says celebrities who promote nonfungible tokens through their social media channels are “rife in deception.”
Top Tier NFT Projects Have Failed to Recover so Far But Hodlers Stay Strong
Over 53% of NFT investors lost on sales trades in the past 30 days. Despite the market turmoil, investors who hold their NFT investments continue to grow despite the cold market.
New Guidelines Have Been Given to Banks by The Federal Reserve – Dual Banking Solution
This announcement could allow American crypto banks to perform traditional and crypto banking functions.
Acala Repegs to The Dollar After a Huge Burn of AUSD Due to Exploit
A smart contract exploit has led to the token’s price plummeting. A new governance vote is expected to restore aUSD to its original value.
Ethereum Whale Distributes $276 Million to 9 Different Wallets
A massive ethereum whale, which had been dormant for three years, spent 145,000 ether to purchase the token sale.
CEO of JPMorgan States The Recession Will Be Worse Than Initially – Jamie Dimon
Jamie Dimon, CEO of JPMorgan, shared his predictions about the U.S. economy. He also predicted that there would be “something worse” than a slump.
