Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech company is cutting 23 percent of its personnel. Three months ago, Robinhood laid off 9% of
Michael Saylor will serve as executive chairman of MicroStrategy. The company is facing a loss of $1.062 Billion, as per the recent report. According to the recent announcement from the American-based business intelligence provider platform, MicroStrategy, the company’s CEO, Michael Saylor is resigning from the current position to serve as
Top cryptocurrency exchange, LBank, gave its various communities across the world a July to remember. With a lineup of activities, the trading platform kept it interesting, interactional and most importantly, educational for its users. In addition, the exchange supported several philanthropic projects that helped the less fortunate in different regions.
MAS is actively enhancing its surveillance of the expanding cryptocurrency market. The central bank would soon consult the public on potential stable coin regulations. Tharman Shanmugaratnam, the minister in charge of the Monetary Authority of Singapore, said that the central bank evaluates stablecoin laws and that it will review the
Millions of dollars have been stolen from more than 5,000 wallets. The exploit appears to affect users of hot wallets connected to the Internet. The Solana ecosystem is the subject of cryptocurrency’s most recent breach, according to users who allege money from well-known internet-connected hot wallets including Phantom, Slope, and
With the cryptocurrency market in freefall, investors and funds are looking for utility-based projects that provide real-world value. Companies building despite market conditions continue to develop, grow and support the entire ecosystem. The utility can come in many different shapes and sizes, although the utility desperately needed throughout the industry
The move represents an extension of the fashion label’s presence on the web3. Gucci will be the first brand to accept ApeCoin. At select Gucci locations in the United States, customers may now purchase with ApeCoin via Bitpay. In one of its latest tweets, Gucci announced the news. In a
NBA star Paul Pierce was also named as a defendant in the action. In June 2021, Kim Kardashian posted a crypto-related Instagram post. Kim Kardashian’s legal team has filed a motion to dismiss a class-action lawsuit against the entrepreneur and other American celebrities. The cryptocurrency industry is home to a
Robinhood reportedly failed to meet some consumer-protection criteria. The SEC fined a $65 million payment from the business in December 2020. Anti-money laundering and cybersecurity standards were reportedly violated by Robinhood’s crypto trading business, which has been fined $30 million by the New York State Department of Financial Services. “Insufficient
CryptoDiffer shares the top popular tokens of July on Coinmarketcap. The cryptocurrencies are LUNC, BTC, SHIB, ETH, and MATIC. LUNC surpasses BTC while SHIB pushes ETH down in terms of popularity. The inflation of cryptocurrencies is rising while the overall market value has plunged within the last few months. However,
