Earlier this month, Coinbase announced that it would be extending its hiring freeze. Shares of Coinbase have fallen almost 7% on the announcement. CEO and Cofounder Brian Armstrong has a message for all Coinbase workers as the company plans to slash nearly 1,100 positions or about 18 percent of its
June 14, 2022 2 mins read
Members of the crypto community experienced a “Manic Monday” in the early hours of June 13, 2022, as the price of cryptocurrencies continued to fall. On top of all that, crypto lending giant Celsius said that all withdrawals, swaps, and transfers between accounts would be suspended indefinitely. Insolvency rumors have
June 14, 2022 2 mins read
After reaching a peak of over $26, BAYC’s ApeCoin token is now only worth $3. BAYC has been hacked before, and investors lost NFTs during earlier assaults. Digital art prices skyrocketed last year as NFTs became a fascinating trend. Volumes on OpenSea and NFT prices have fallen due to the
June 13, 2022 1 min read
The international summit MetaVentures Bangkok will be held on December 1-3, 2022. The exclusivity of the event opens the door to business and investment opportunities targeting a broad international audience. Investments, Blockchain, Metaverse and NFT, Biotech, DeFi, DAO, Digital Art, mining, payment systems and digital asset regulation are just some
June 13, 2022 2 mins read
The biggest cryptocurrency’s price fell to $23,964 as per CMC. One can still withdraw Bitcoin on other networks like BEP-20 as per Zhao. With the recent turmoil in the cryptocurrency market, the Binance exchange has temporarily paused all Bitcoin withdrawals. The CEO, Changpeng Zhao, tweeted about it. Zhao has assured
June 13, 2022 2 mins read
The cryptocurrency industry contributed to technological development, but at the same time, it gave life to unsustainable and unreliable projects. Unfortunately, users often face scams and frauds in the crypto niche. To change the situation, ReiGroup combined DeFi, NFTs, Real Estate, and VaaS protocol, providing transparent and safe products. ReiGroup
June 13, 2022 1 min read
Ivy Blocks’ offerings will also include an asset management platform. The company’s asset management division would make “liquidity investments”. Exchange of digital assets Huobi Global has launched a new investment arm focusing on decentralized finance (DeFi) and Web3 initiatives, demonstrating venture capitalists’ growing interest in the blockchain economy. Much Needed
June 11, 2022 1 min read
Abra and American Express announced a collaboration at Consensus, a crypto conference in Austin, this week that will see the launch of American Express’s first-ever crypto rewards credit card. More than 60 million American Express cardholders were estimated earlier this year. Now, the network is bringing in crypto benefits for
June 11, 2022 1 min read
A well-known lawyer, James Filan, tweeted about this filing on June 10. Defendant requested that Judge Netburn investigate OIEA and FinHub’s enquiries. Every day, new documents have been filed in the lawsuit between the SEC and Ripple, a San Francisco-based fintech company. However, the Plaintiff’s (U.S. SEC) efforts to prolong
June 10, 2022 2 mins read
The Federal Reserve is expected to raise the interest rate by 50 basis points. The Terra ecosystem crash caused a ripple effect across the market. The Consumer Price Index (CPI) rose by one percent between May and June, bringing its year-over-year gain to 8.6 percent, while the crypto sector continues
June 10, 2022 2 mins read