Klarna losses triple after aggressive US expansion and mass redundancies
Klarna reported a dramatic jump in first-half losses on Wednesday, adding to a flood of negative news for the “buy now, pay later” pioneer. The Swedish...
Tagged: Internet
Reddit’s CEO Loves Blockchain Avatars, But He Doesn’t Say “NFT”
Reddit announced its new NFT avatars along with a promotional video back in July. The company was hesitant to call them NFTs when they were first...
Tencent’s NFT platform halts primary services due to regulatory concerns
When China’s tech majors started selling non-fungible tokens, they said the products were not investment opportunities. This week, fans had to face a disappointing reality: the...
Google invests $1.56 billion in blockchain companies
Photo: Shutterstock (Shutterstock) Do you think of Google as a “Web3” company? No? Well, at least in terms of their investment portfolio, they’re pretty deep into...
The Chinese technology giant shows for the first time any revenue decline
Tencent posted its first-ever quarterly year-on-year revenue decline as tighter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit...
Hackers have stolen $1.4 billion this year using crypto bridges
Mining the world’s second most valuable cryptocurrency at Evobits IT SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPUs) at Evobit’s crypto farm...
Crypto startup Nomad offers 10% bounty after $190 million hack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images...
Hackers drain nearly $200 million from crypto startup Nomad
Billions of dollars in value have been wiped out of the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and...
Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC
Coinbase reported a 27% drop in revenue in the first quarter as usage of the platform declined. Chesnot | Getty Images Coinbase said on Wednesday it...
Bitcoin (BTC) climbs above $23,000
A price crash in cryptocurrency and the start of a new so-called “crypto winter” has led to many companies in the industry facing a liquidity crisis....