Amazon is planning to lay off approx. 10,000 employees in corporate and technology jobs starting as soon as this week, the New York Times reported, citing people with knowledge of the matter said. The layoff would be the largest job […]
It’s an epic fall from grace. In just a matter of days, FTX founder and CEO Sam Bankman-Fried (also known as SBF) went from being a multi-billionaire with at least a $16 billion net worth to losing all of his […]
As the story of the collapse of FTX unfolds, investors are beginning to worry about the fallout and long-term implications on the entire crypto industry. The fall of FTX has reignited discussions about the opaque nature of crypto exchanges, their lack […]
Just when you think it can’t get any worse, Reuters reported early this morning that disgraced FTX founder Sam Bankman-Fried secretly moved $10 billion to Alameda Research using a “backdoor” he built into FTX software without alerting external auditors. According to […]
Early this month, Elon Musk introduced the $8/month blue checkmark subscription verification service. The service allows anyone who paid for a “blue check” to be verified. Calling it “Power to the people,” Musk said at the time of launch that “Twitter’s current lords […]
Sam Bankman-Fried (also known as SBF) has resigned as the CEO of the crypto exchange FTX Group. John J. Ray III has been appointed the new CEO effective immediately. The sudden announcement comes just a day after SBF warned FTX investors of […]
Apart from the dot-com bubble of 2009, this week is probably the craziest week in the tech industry. Tech companies including startups and big tech have so far laid off at least 118,865 employees with no end in sight. Five senior Twitter […]
This week is probably the beginning of the end for FTX. The crypto exchange faces a series of bad news on multiple fronts. About an hour ago, the Wall Street Journal reported that FTX tapped into customer accounts to fund risky […]
In 2020, FTX founder and CEO Sam Bankman-Fried made headlines after donating a massive $5.2 million to Joe Biden’s campaign, earning him the title of the second-largest donor. However, Bankman-Fried’s fortunes seem poised for a downturn as he finds himself […]
Today is probably one of the worst days for FTX CEO Sam Bankman-Fried, who was once called the King of Crypto. It was one bad news after another. A few hours ago, Bankman-Fried told investors that the company is seeking emergency […]
Today is probably the worst day in the crypto industry. In the past 48 hours, the cryptocurrency market lost over $200 billion of its value as millions of crypto investors withdrew their money from major crypto exchanges following the liquidity […]
Earlier today, we reported that Binance was strongly considering backing out of the FTX deal after learning that FTX’s financials are worse than let on. Now, the Wall Street Journal (WSJ) has just learned that Binance has backed out of the […]
Less than 24 hours after Binance announced it has reached a non-binding agreement to buy crypto exchange FTX, FTT, the token native to FTX, lost most of its value and fell as low as $3.1 on Tuesday from its $22 price on […]
Facebook parent Meta has poured billions into the metaverse. But it now appears the risky bet may never pay off. Now, the once-trillion company is forced to lay off thousands of employees to stay afloat. Meta is laying off 13% […]
In July, Bankman-Fried’s crypto exchange FTX was viewed as a white knight waiting to rescue the embattled crypto industry following the collapse of BlockFi and the bankrupt Voyager Digital. BlockFi and Voyager are two of the crypto companies that suffered heavy losses due to […]
While we spent the last two to three years fighting the covid pandemic, misinformation was another pandemic we have to battle we have to fight as tech companies continue to develop new tools to stop the spread of misinformation on […]
As you may recall, just a few weeks before the US presidential election in 2020, David Barrett, founder and CEO of San Francisco tech company Expensify, emailed 10 million customers urging them to vote for Biden and stop Evil Trump. Unlike […]
The US Department of Justice (DOJ) announced today it seized more than $3.36 billion worth of bitcoin in connection with the Silk Road dark web fraud. The Department announced today that JAMES ZHONG pled guilty to committing wire fraud in September […]
Welcome back to this month’s edition of the DappRadar industry report. In September, we covered DappRadar’s new Q3 industry report that showed how the crypto industry is riding out the bear market. The report also offered a ray of hope and signs […]
It’s finally Friday, the day Twitter employees learn their fate about whether they get to keep their job or not. Yesterday, Twitter notified all the company’s 7,500 employees in a Thursday email that the layoffs had begun. According to a […]
