According to recent reports, Meta is planning to reduce the number of vice president roles in order to make significant cuts. The corporation is continuing its attempts to reduce expenses and simplify operations in the face of a hard-economic climate, and the current round of layoffs will see the termination
June 13, 2024 1 min read
Bitcoin whales amassed 20,600 BTC worth around $1.38 billion, on June 11, capitalizing on the Bitcoin price fall. Blockchain analytics company CryptoQuant reports that this was the biggest influx of capital for Bitcoin whales since February 28, when spot Bitcoin ETFs were less than six weeks old and BTC was
June 13, 2024 1 min read
The Bitcoin ETFs have reported two days of outflows following 19 days of inflows, indicating that the price of Bitcoin is experiencing heavy selling pressure this week. U.S. bitcoin exchange-traded funds had a net outflow of $200 million on June 11th. However, the volume of Bitcoin exchange-traded funds (ETFs) has
June 12, 2024 1 min read
Former kickboxer Andrew Tate has placed a $10 million crypto bet on X, demonstrating his penchant for the spectacular once again. Tate issued a challenge to Ansem, a well-known influencer in the “Crypto Twitter” community. Andrew Tate started the tweet by challenging Ansem to a boxing bout and claiming the
June 12, 2024 2 mins read
Monday marked the end of the longest inflow run of 19 days for the 11 U.S. spot bitcoin exchange-traded funds, as a daily net outflow of $64.93 million was recorded. With $40 million in outflows this week, Grayscale’s GBTC was far and away the biggest loser. According to statistics from
June 11, 2024 2 mins read
HSBC firm’s China subsidiary has begun providing e-CNY services to corporate clients, the firm said. This makes HSBC the first international bank in China to provide services related to the digital currency of the central bank, offering these services to both retail and corporate clients. The People’s Bank of China
June 10, 2024 2 mins read
Several transactions draining $81.5 million from the protocol occurred during the end of 2023 on the cross-chain bridge Orbit Chain, which has significant links to the Klaytn ecosystem. The assets were left undisturbed after the attack until Saturday, when the hacker or group started transferring around $48 million to Tornado
June 10, 2024 1 min read
Yesterday was the 18th day in a row that U.S. spot bitcoin exchange-traded funds have seen net inflows, the longest run of positive flows since listing. The eleven funds received a combined net of $217.78 million, with the bulk of that sum going to the biggest spot bitcoin ETF by
June 7, 2024 1 min read
According to the Chair of the Securities and Exchange Commission (SEC), Gary Gensler, the speed with which issuers reply to SEC comments will determine the approval of spot Ethereum exchange-traded funds (ETFs) in the US. It would seem from Gensler’s remarks that the responsibility for approvals is with the issuers
June 7, 2024 2 mins read
The Singaporean McDonald’s in-app virtual environment was created in collaboration with Bandwagon Labs, the entertainment media tech company’s metaverse subsidiary, and McDonald’s Singapore. Bandwagon Labs Founder Clarence Chan outlined the three main components of McDonald’s metaverse. Singaporeans may now join in on the fun at McDonald’s “My Happy Place” metaverse,
June 6, 2024 1 min read