Illustration by Alex Castro / The Verge Twitter may be in big trouble when it comes to generating advertising revenue: GroupM, part of WPP, the world’s biggest ad company — and Twitter’s biggest spender — is reportedly telling its clients that buying ads on the platform is “high-risk,” according to Platformer and Digiday. That makes … Read more
A Visa spokesperson confirmed to Cointelegraph the company has terminated its global agreements with FTX.
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.
Laura Normand / The Verge Employees and advertisers keep telling him about the risks of the changes he’s making to Twitter — but he’s not listening Continue reading…
Sam Bankman-Fried’s degeneracy brought some turbulence to the market. Now it’s time to get back to the basics of transforming finance.
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Image: Nike Nike’s still planning to get in on the non-fungible token (NFT) game, even though the NFT market is plummeting and the third-largest cryptocurrency exchange by volume went bankrupt last week. The company’s launching what it calls .Swoosh, a Web3 platform that will eventually let users buy, sell, and trade virtual shoes and apparel. … Read more
The mysterious looter siphoned about $400 million in digital assets from crypto exchange FTX late Friday night.
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The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko Research.
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Crypto donations expose charities to a “new demographic of funders” that they can’t afford to miss out on.
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to the beginning of another week. As mentioned last Friday, Haje is off scuba diving, leaving the rest of us to pick up the Twitter and FTX pieces. No … Read more
Hello and welcome back to Max Q. Before we get to the news, I have a pretty exciting announcement myself: We’re offering to Max Q subscribers free tickets to TechCrunch’s in-person space event. Find out more about the event and get your free ticket by clicking here. In this issue: Layoffs come to Astra News … Read more
The mining firm has a liquidity position of $4.5 million and outstanding principal of $138.5 million
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Most other major cryptos were trading in the green, albeit barely so. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a growing concern warning. In a regulatory filing, the company said it might “need to scale back or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection.” … Read more
A solar panel installation by Californian solar company Sunrun. | Photo by Mel Melcon / Los Angeles Times via Getty Images The California Public Utilities Commission’s (CPUC) new solar energy proposal removes a previously proposed monthly grid tax that could’ve added hundreds of dollars per year to the cost of solar installations (via Reuters). The … Read more
President Joe Biden has chosen to nominate Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg to return to the chairmanship he held in previous administrations. The FDIC will have a key role in how crypto will mesh with the U.S. banking system and significant influence over how stablecoin rules are eventually implemented.
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Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
