Former Mastercard non-fungible token (NFT) product head Satvik Sethi resigned on Thursday. Sethi said that he was harassed and upset by the company’s management. The salary was withheld by Mastercard, he said, and his job contract was disregarded. In addition, he was no longer allowed to use online accounts. Sethi
The market has reached a point of no return. A new report on non-farm payrolls in the United States is now available. The number of individuals working in the U.S.’s industrial, construction, and retail sectors. The government statistics show that in January, a staggering 517k new employment were created. The
Binance has purchased a controlling stake in the cryptocurrency exchange GOPAX in South Korea. The purchase was made possible by the “Industry Recovery Initiative,” an initiative spearheaded by Binance. By purchasing GOPAX, one of the top five crypto exchanges in South Korea, Binance is making a comeback to the country’s
Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation. Further, on Wednesday, a U.S. judge dismissed the
MicroStrategy, a business analytics firm, said Thursday that it had lost money for the eighth straight quarter, but that it would maintain its policy of keeping Bitcoin on its balance sheet. Bitcoin’s value dropped to $23,439 after the quarterly earnings report was released. On Thursday, MicroStrategy’s stock rose about 10%,
MetaMask, a leading cryptocurrency wallet, stated on February 2 that it will provide customers with an improved experience when creating new wallets and adjusting their account’s security and privacy settings. Users can now control which functionalities make queries to external services by toggling them in the detailed privacy settings. MetaMask
Bitcoin soared by over 40% in the first month of 2023, off to a fantastic start for the year. This was also the second-largest increase for the month of January in the last decade. For operational purposes, Bitcoin mining firm Marathon digital has been selling its BTC holdings as the
The Abu Dhabi office of Kraken, a renowned cryptocurrency exchange, has shuttered less than a year after being granted a local license. More than a third of the company’s workforce will be laid off as a result of this reduction. In a move that affected around eight positions, Kraken laid
Fantom, a decentralized smart contract platform for DApps native cryptocurrency FTM, price rallied over 103% in the previous 14 days and 195% in a month. At the time of writing, Fantom traded at $0.6302, climbing by 11% from the last day. And FTM had a market cap of $1.7 billion
Everlend, a DeFi borrowing and lending platform based on Solana, has stated that it would be discontinuing operations. Including further development of the platform. Project leaders explained its end in a statement released Wednesday. Citing a shortage of liquidity and the general contraction of the borrowing and lending market as
