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Hindenburg Labels India’s Adani Group as the “Largest Con in Corporate History”
Adani Group faces financial trouble as Hindenburg's report injects doubt in the value of its stocks.
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Market Analysis
Market Analysis
Tesla Sold No BTC in Q4 and Beat Earnings Estimates
In Q4, Musk’s Tesla manage to beat revenue expectations and held on to all of its remaining BTC.
Market Analysis
Microsoft Up 4%+ Afterhours Despite Missing Q2 Revenue Expectations
Microsoft’s Q2 earnings report shows a 2% rise in revenue, but a 12% decrease in net income.
Market Analysis
SBF Lists $3.3M Capitol Hill House For Sale After Feds Seized $700M From Him
Just days after US authorities seized $700 million of SBF’s assets, his family listed a $3.3 million Washington house for sale.
Market Analysis
Gemini to Lay Off 10% of its Staff
Winklevoss Twins’ cryptocurrency exchange is preparing to lay off some of its staff after facing issues pertaining to FTX and Genesis Global.
Market Analysis
Despite Massive Layoffs, Most Tech Firms Have More Employees Now than Pre-COVID
The majority of tech companies still have more workers than at the start of Covid despite the recent massive layoffs.
Market Analysis
Bitcoin Above $22K For the First Time Since Mid-September
While this week brought many dramatic developments across the crypto industry, the January rally continued and Bitcoin reached its highest price since September on Friday afternoon.
Crypto
Genesis Files for Bankruptcy With More than $3.4B Owed to Creditors
Genesis has $1 billion to $10 billion for both assets and liabilities as well as over 100,000 creditors.
Market Analysis
Busan to Establish Decentralized Digital Asset Exchange by the End of 2023
South Korean city of Busan is hoping to build on its strengths by launching a decentralized digital asset exchange of its own this year.
Market Analysis
SBF “Glad” John J. Ray Wants to Reopen FTX as FTT Token Soars 30%+
SBF recently took to Twitter to express his enthusiasm for the potential reopening of FTX, and his displeasure at the situation with FTX.US.
Market Analysis
CoinDesk Seeks Help From Investment Bankers as Potential Buyers Line Up
CoinDesk reportedly hired investment bankers to help sort through its numerous acquisition offers.
Market Analysis
Thiel’s Founders Fund Sold Most of its BTC Making $1.8B Before 2022 Crash
Thiel’s Founders Fund reportedly sold most of its Bitcoin in March 2022 shortly before the LUNA crash dropped its price from $40,000 to $30,000.
Market Analysis
Genesis Preparing to File for Bankruptcy Before the End of This Week
After months of uncertainty, Genesis is reportedly preparing for imminent bankruptcy.