It’s a huge twist. The crisis of confidence in the cryptocurrency industry deepened on November 9 after Binance announced that it would no longer buy FTX.com, owned by ex-billionaire Sam Bankman-Fried. The day before, Changpeng Zhao, the CEO and co-founder of Binance, the world’s largest bitcoin buying and selling platform by volume, announced that he…
This day of Nov. 8, Sam Bankman-Fried will never forget it. The young 30-year-old billionaire was just before that day considered the tutelary figure of the crypto sphere. A sort of godfather to turn to when things go wrong. He owed this image to his tour de force during the summer to bail out and…
Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX, a popular cryptocurrency exchange, by Binance on Nov. 8, leaves the future of those partnerships up in the air. Investors have often been wary of companies purchasing…
It is a movie that has already been seen over and over again. At some point, it becomes annoying and boring because the scenario is always the same. You only have to change the protagonists and actors and you get the same result. This movie is one that features the cryptocurrency industry that wants to…
After Appian (APPN) announced its earnings for the third quarter, shares of the cloud computing company sank by more than 20% — the third-quarter EPS of 43 cents is below the 23 cents predicted by an analyst consensus while Appian also narrowed its FY22 guidance to $461M-$466M from $466M-$470M. Loss per share is also now predicted…
Henrik Fisker remembers exactly where he was when he learned that Tesla (TSLA) CEO Elon Musk had finally acquired Twitter (TWTR) . Fisker, founder, chairman and CEO of Fisker (FSR) , recalled that day in social media history during a Nov. 2 interview following release of the electric vehicle maker’s third-quarter results. “I was sitting on…
Updated at 12:32 pm EST U.S. stocks pared earlier gains Friday, with investors hedging bets on an end-of-week rebound following a mixed October employment report and a four-day losing streak on Wall Street. The U.S. economy added 261,000 new jobs last month, the Labor Department said, with the September total revised 56,000 higher to 319,000. The…
Mark Cuban is sad. And the reason for this sadness can be found in something that may come back into fashion with the hardening of the economic slowdown looming. It’s about philanthropy. The covid-19 pandemic has contributed to the widening of socio-economic inequalities. The gap between the haves and have-nots has grown enormously during the…
While the S&P 500 index surged 8% in October, sentiment toward stocks dipped, as measured by Bank of America’s Sell Side Indicator (SSI). The Indicator tracks Wall Street strategists’ recommended equity allocation. The SSI slid to 52.8% in October, the lowest level since early 2017, from 53.58% in September. But the dip is actually good…
Ford (F) says it and repeats it. Its main rival is Tesla (TSLA) . The legacy carmaker, which is on a major offensive in the electric vehicle market, is determined to compete head-on with the sector leader in terms of profitability, market value, production and sales. The brand with the blue oval intends to battle…
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