Author Archives: admin

Tesla Shares Slide 7% after Elon Musk’s $4B Fresh Stock Sale

Tesla share’s value was expected to decline following the sustained cryptocurrency crash in the past...

Binance Backs Out from FTX Deal in Major U-Turn

Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds...

Elon Musk Explains His Idea for Twitter Payments System

Musk described how paid verification, which will now be offered with its reinvented Twitter Blue...

Apple’s Supplier Foxconn Predicts Flat Revenue in Q4 Due to Covid Curbs in China

Foxconn’s major production base in central China, with around 200,000 employees, is currently not operating.iPhone...

Amazon Makes History as First Public Company to Lose $1 Trillion in Value

E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value...

US SEC and CFTC Launch Probe into FTX’s Handling of Customer Funds

The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in...

Reasons for Binance to Withdraw from FTX Deal

Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.Although Binance appears...

FTX CEO Told Investors Bankruptcy Is Likely if No Immediate Bailout

From the current reality, FTX is likely to file for bankruptcy protection if it does...

Justin Sun Teams Up with Distresses FTX on ‘Solution’

Justin Sun did not state any details about the solution he is working on with...

Sequoia Capital Marks Down to Zero FTX Investment

Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with...