The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by “electrical issues” at another site.
Marathon Digital bungles crypto impairment sums, will reissue financials
The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures.
Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO
Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.
Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
Google feels the bear market as crypto ad revenues slip since July
Alphabet’s revenue from Google advertising was down in Q3 2022, with decreased search spending from financial services and cryptocurrency subcategories highlighted.
GameStop doubles down on crypto amid a new partnership with FTX US
After launching an NFT marketplace and wallet with the help of Immutable X, GameStop is continuing its push into crypto following a partnership with FTX.
Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on earnings call.
Signature Bank’s Crypto Deposits Grew $1B in Q2
Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team.