Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market. According to a Wednesday note from co-CEOs Alex Harper and Ryan Parsons, it stated that 74 colleagues had to be let go, as the current economic climate that they were hired…

What is a lot clause? Batch Clause is a product liability insurance policy provision that limits coverage to claims arising from defective products of a specific production run. A batch clause therefore only covers items produced during a specific production cycle over a specific period of time, called a “batch”. Understanding the Batch Clause Professional…

SWBC, short for Southwest Business Corporation, offers a variety of mortgage loan types including conventional, FHA, VA, USDA, Jumbo, conforming and non-conforming, and refinance. In most cases, applicants will need a minimum credit score of 600 and a maximum debt ratio of 50% to qualify for a conventional loan. However, the requirements may be different…

Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam nonfungible tokens (NFTs) sent by scammers. According to a Thursday blog post from the Phantom team, the new feature is accessible via the Burn Token tab in the Phantom wallet app, allowing users to receive a minuscule deposit of Solana…

Telecommunications companies use various technologies to transmit information globally. Some of the largest companies in the telecommunications industry provide landline and wireless telephone services, as well as data and video Internet communications. The telecommunications industry is changing rapidly. Traditional technologies such as the landline telephone, radio and television once dominated the world of telecommunications, but…

After Intel (INTC) and Qualcomm (QCOM) reported disappointing results, semiconductor company Advanced Micro Devices (AMD) is expected to report results later today. The company is expected to report higher revenue and net profit in the second quarter as shipments improve on easing supply chain bottlenecks and buoyant demand for chips. The consensus estimate is AMD…

FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange. Reports of blocked transactions on FTX began appearing…

A crucial part of investing is managing the amount of tax you will have to pay on your winnings. Taxes are sometimes overlooked or an afterthought, but capital gains (depending on the type of security and the period of ownership) can have a significant impact on investment results. Different types of capital gains are taxed…

What is a Prospectus? A prospectus is an official document required and filed with the Securities and Exchange Commission (SEC) that provides details of an investment offer to the public. A prospectus is filed for stock, bond and mutual fund offerings. The prospectus can help investors make more informed investment decisions because it contains a…