Coinbase-backed Vauld halts withdrawals as crypto credit crisis intensifies

Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The…

Musk forced to halt Tesla assembly line in struggling Berlin plant for 2 weeks over production problems

Tesla’s new factory near Berlin will reportedly have to be shutdown for two weeks as the company undertakes improvements that should boost output. Read More Source link

China’s leading beauty app spent $50 million on Bitcoin weeks before Beijing banned crypto. Now that investment is a blackhole on its books

Photo editing app Meitu is one of the largest holders of cryptocurrency among publicly-traded companies — despite China’s crypto ban. Read More Source link

Over $300,000 raised for Burger King employee who never missed work in 27 years and got a backpack, movie ticket, and Starbucks cup as a gift

Over $ 300,000 was raised for a Burger King employee who never missed work in 27 years and got a backpack, movie ticket, and Starbucks cup as a gift. Read…

Hot water may be rationed in Germany as Putin’s gas squeeze tightens

Authorities are bracing for a complete cutoff of Russian gas flows. Read More Source link

Fuel price protests hit UK motorway network

Protesters brought parts of the UK’s motorway network to a standstill on Monday in a demonstration over high fuel prices. Police warned drivers that a “slow-moving rolling roadblock” was causing…

Patriotism is a crucial ingredient for progress. Here’s why

The patriotic sentiment that helps unite Americans is at risk of becoming another victim of the culture wars. Read More Source link

Embattled crypto lender Celsius reportedly laying off 150 as insolvency worries mount

In June Celsius paused withdrawals citing “extreme market conditions” and has since hired restructuring specialists. The company said it is exploring options to “preserve and protect assets” following its mid-June…

European stocks rise as traders weigh health of global economy

European stock markets started the week on an upbeat note as traders queried central banks’ resolve to keep raising interest rates amid mounting evidence of a global economic slowdown. The…

Tether evangelists insist the stablecoin is backed by ample reserves. Investors aren’t convinced

Crypto investors have soured on Tether since the collapse of the TerraUSD stablecoin in early May Read More Source link