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In the United States, applications for unemployment benefits hit a three-month high last week, signaling a thawing of the job market in the wake of a wave of layoffs at technology companies. The number of Americans filing for unemployment benefits increased by 17,000 to 240,000, as reported by the Labor
On Wednesday, Bo Shen, a founding partner at Fenbushi Capital, tweeted about the theft of as much as $42 million in cryptocurrency from his personal wallet. Shen claims that on November 10, criminals made off with $38 million worth of the USDC stablecoin. The stolen funds, he clarified, are just
In spite of the current cryptocurrency market downturn, El Salvador is increasing its wagers on the investment market. The first government to recognize Bitcoin as legal cash is currently drafting a Digital Asset Issuance Law. That would make it easier to do business with any cryptocurrency. A document posted on
Ark Invest, run by Cathie Wood, has reportedly invested an additional $1.4 million to acquire 176,945 shares of Grayscale’s Bitcoin Trust (GBTC) fund, as reported in an investor email. The company has made its second sizable GBTC acquisition in as many weeks with this transaction. Bloomberg reports that the Florida-based
As part of an alleged $575 million crypto fraud scheme. The two co-founders of the defunct Bitcoin cloud mining service HashFlare have been detained in Estonia. HashFlare, founded in 2015, claimed to be a cloud mining service. Where consumers could lease the company’s hashing power to mine cryptocurrency and split
After the recent failure of the cryptocurrency exchange FTX, a group of U.S. senators have sent another letter to the financial behemoth Fidelity Investments, urging it not to sell Bitcoin to its clients. The letter was signed by three senators from three different states: Tina Smith of Minnesota, Elizabeth Warren
Earlier today, Damien Viel, who oversaw operations in France for Twitter Inc., announced his resignation. He made the significant revelation through Twitter, perhaps foreshadowing layoffs at the struggling firm. Notably, Viel had been in charge of the French Twitter team for seven years in a row. Musk is mulling further
Evidence of JP Morgan’s trademark registration for cryptocurrencies was found in a document obtained from a USPTO application. JP Morgan Wallet is the brand’s official name. And it will be used for facilitating the buying and selling of virtual currencies. As well as the processing of payments made in cryptocurrencies.
Binance now officially becomes the largest holder of Bitcoin (BTC) currently, surpassing Coinbase exchange. According to statistical reports from analysts of various firms, Binance is now the exchange with the most BTC reserves. Moreover, this is the first time that Binance has gained this status. The exchange reserve which denotes
According to the CEO of Pershing Square Capital Management, the contested cryptocurrency project Helium can gain intrinsic value over time. Billionaire investor and hedge fund manager Bill Ackman is bullish on cryptocurrencies, despite the collapse of one of the world’s top crypto exchanges. According to one of Tradefi’s most well-known
