Tether, USDC and others lost their prized pegs to the dollar last week. But was it an isolated outburst, or are they losing their soul?
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Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter, saying a viable deal at a lower price wouldn’t be “out of the question”.
SpaceX employees are offering to sell shares via a private placement that would value the firm at $125-billion, sources said.
Vodacom Group increased capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.
Eskom lost another generating unit at the Kusile power station on Monday afternoon, forcing the state-owned utility to escalate load shedding to stage 4.
Altron has reported a 37.8% increase in headline earnings per share from continuing operations on the back of a 5.7% improvement in full-year revenue.
Eskom chief operating officer Jan Oberholzer has warned that the current bout of load shedding could get worse if there are further plant breakdowns.
Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.
The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.
Last week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.