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Trading Company Eyes $2 Billion Funding Boost with Tencent’s Backing

Wintermute Trading Ltd., a key cryptocurrency trading firm, is reportedly aiming to secure up to $2 billion in funding.

21.07.2024 11:00 1min. read Alexander Stefanov

Meta Slashes Reality Labs Budget by 20% – Here is Why

Meta is set to slash its Reality Labs budget by 20% by 2026, a strategic move aimed at realigning the division’s focus and managing costs.

21.07.2024 10:30 2min. read Alexander Stefanov

Top American Banks Report Billions in Losses Due to Rising Bad Debts

Major U.S. banks are grappling with significant financial losses due to rising unpaid debts. Bank of America, Citigroup, and Goldman Sachs have reported combined losses of $4.1 billion.

21.07.2024 8:30 1min. read Alexander Stefanov

Court Allows Binance US to Invest Customer Funds in Treasury Bills

A US court has approved Binance US’s request to invest customer fiat funds held at BitGo into US Treasury Bills.

20.07.2024 14:00 1min. read Alexander Stefanov

Binance CEO Urges Patience Amid Bitcoin’s Bull Cycle

The adage “the stock market rewards the patient” extends beyond traditional finance and applies to the cryptocurrency realm as well.

20.07.2024 9:30 1min. read Alexander Stefanov

Here is What Led to the Recent Global IT Outage

CrowdStrike CEO George Kurtz recently addressed the company’s downtime, assuring customers that it was not due to a security breach or cyberattack.

20.07.2024 8:30 1min. read Alexander Stefanov

Tether CEO Advocates for Decentralization After Global IT Outage

The incident was traced to a technical fault in CrowdStrike’s centralized software, which led to widespread issues including system crashes on Windows devices. CrowdStrike’s head, George Kurtz, clarified that the problem was not a cyberattack but a technical glitch that has since been addressed. He urged affected parties to consult the support portal for further […]

19.07.2024 23:17 1min. read Alexander Stefanov