A number of big crypto firms have already announced layoffs this year. New leadership at NYDIG includes Tejas Shah as CEO. NYDIG announced in January that it had secured $1 billion at a valuation of over $7 billion. With the intention of expanding its institutional-grade Bitcoin platform to include Lightning
October 15, 2022 2 mins read
13% of Canadians have Bitcoin, up significantly from 5% in 2018-2020. Additional research on Bitcoin has been conducted by the Bank of Canada since 2016. Key figures reflecting Canadians’ preference for crypto assets have been released by the Bank of Canada. As part of its Financial System Review. New statistics
October 15, 2022 2 mins read
A Metaverse-based prototype for supplier registration was developed. The Ajman Payment Platform (AjmanPay) is the first unified platform. His Excellency Marwan Ahmed Al Ali, Director-General of the Ajman Department of Finance (ADF), launched a suite of smart services in the presence of ADF executive directors and department directors as part
October 14, 2022 2 mins read
According to OFAC head Andrea Gacki, national security is put at risk. Bitmex, a crypto derivatives exchange, was fined $100 million by FinCEN last year. Bittrex, a cryptocurrency exchange situated in Washington State, was hit with charges from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control
October 13, 2022 1 min read
Binance has not abandoned its support for the Terra Classic currencies. Over the past week, the price of USTC has increased by over 65%. Binance, the biggest cryptocurrency exchange in the world, has added TerraClassicUSD (USTC) as a borrowable asset to its Binance Loan service. Demonstrating its continued commitment to
October 13, 2022 2 mins read
The volunteer developer community now has its own Terra Rebels subReddit. Using this subReddit, members of the community may discuss and share their opinions. The Terra Classic (LUNC) price has increased by more than 8% after a drop on Tuesday, the same day that Terra Rebels released their official subReddit.
October 11, 2022 1 min read
It would begin accepting cryptocurrency payments in the first quarter of 2023. Coinbase’s commerce service now supports 10 different digital currencies. Google’s latest partnership is a show of support for digital currencies. The number of countries using cryptocurrency has been growing recently. Several major corporations are also beginning to see
October 11, 2022 1 min read
Production levels have dropped as people sell their Bitcoin holdings to increase liquidity. Because of the asset’s stagnant price, miner profits are already precarious. The hashrate of Bitcoin mining hit a new record high last week, surpassing 300 EH/s. It was also announced at the time that mining difficulty was
October 10, 2022 2 mins read
Michael Saylor thinks Bitcoin is also superior than gold and real estate. MicroStrategy and its subsidiaries now have almost 130,000 BTC in their possession. Michael Saylor, the founder of MicroStrategy and Bitcoin maximalist, stated that CBDCs are unstable and doomed to fail. Bitcoin is superior, he says, because of its
October 10, 2022 2 mins read
For more than a decade, the original 0.1 Bitcoin coding attributed to Satoshi Nakamoto was believed to have been lost. While it is possible to retrieve bits and pieces of code by searching, doing so is incredibly challenging. Jim Blasko, a blockchain developer, said on Facebook on the 7th of
October 8, 2022 2 mins read