Major firms in the market are reducing growth plans. And cutting operational expenditures, which has led to layoffs, as the crypto winter has made a strong dent. Matrixport, a crypto investment and lending organization located in Singapore. Has announced layoffs in its marketing department, which would affect around 10% of
The launch of Stablecoin on the Cardano (ADA) network is much anticipated by ADA holders. According to the COTI blog, the company is collaborating in the development of the stablecoin on the ADA blockchain, which is expected to emerge in the coming weeks. The debut date is currently unknown, however,
The global cryptocurrency industry has a promising outlook as the new year kicks into gear. Bitcoin (BTC), the dominant coin in the crypto market, has witnessed a massive price rally since the beginning of 2023. During the past 24 hours, Bitcoin hit a price range of $23k, and it is
Since the start of 2023, the global cryptocurrency market has witnessed significant gripping changes. As the leading altcoin, Polygon (MATIC) joined the trend by “overtaking” the second largest crypto Ethereum (ETH) in daily active users (DAU). This year Polygon maintains its impressive growth. And the Polygon blockchain has lifted to
Tesla still holding onto Bitcoin despite a dramatic reduction in its value since the fourth quarter of 2021. At the start of the year, Tesla (TSLA), invested $1.5 billion to purchase over 43,200 bitcoins for around $30,000 per coin. This move was welcomed by cryptocurrency and bitcoin fans, who saw
The United States Securities and Exchange Commission (SEC) has been looking into traditional Wall Street financial advisers who may be providing client custody of digital assets without the necessary authorization. According to the reports, the SEC is targeting a major fraction of its investigation on registered investment advisers. To determine
Bloomberg claimed on January 26 citing anonymous sources that Moody’s was working on a scoring system for stablecoins. That would include assessments for up to 20 digital assets. Moody’s is a credit rating agency that publishes evaluations of credit risk. In the form of ratings for publicly listed firms. The
A Bitcoin spot ETF has been denied approval by the SEC yet again. ARK Invest, led by Cathie Wood, and 21Shares, a provider of cryptocurrency exchange-traded funds (ETFs), tried again with their strategy to launch the Bitcoin ETF, but were unsuccessful. The original filing date was May 13 of last
In a class action lawsuit filed, investors in crypto miner Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts. On January 26, a lawsuit was filed against Argo and many of its top executives and board members. It asserts the company
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC
