Coinbase and Gemini also chose to reduce the number of employees. The platform claims to have tried multiple ways to decrease losses. As a result of exceptionally challenging market circumstances, BlockFi has chosen to lay off 20% of its workforce. Investors and institutions alike have had a difficult time in
Fed will have to continue its strong posture until the next meeting. Following the data release in May, Treasury rates spiked, and stock futures plummeted. On June 15, the U.S Federal Reserve will meet to decide interest rates, and investors fear a more hawkish tone from the central bank, which
Bitcoin went below $24,000 and lost 12% of its value in the last 24 hours. BTC attained a new low from December 2020. The king of cryptocurrency Bitcoin almost lost 65% of its value from its all-time high of $68,789 which is recorded in November 2021. 40% of the holders
The underlying issue of Bitcoin is that it is not private, according to Snowden. He cautioned about the consequences of the financialization of the crypto business. Despite his worries, the American whistleblower believes that cryptocurrencies have great potential. Edward Snowden feels some key obstacles must be overcome in the next
The most popular Singapore-based exchange Crypto.com is targeting all the low-cap altcoins launched in the market. The exchange is following its plan and continuing the process to list these unpopular altcoins out there in the marketplace. On 10th June 2022, Crypto.com revealed saying, the exchange is listing three more small-cap
Until July 2022, one may create and utilize their own NFTs at no cost. TNC Group, a partner of StreamCoin, has already produced its Lady Apes NFT collection. StreamCoin, a Web3 live streaming company, has opened its user registration page after the successful launch of the STRMNFT marketplace. Until July
Abra and American Express announced a collaboration at Consensus, a crypto conference in Austin, this week that will see the launch of American Express’s first-ever crypto rewards credit card. More than 60 million American Express cardholders were estimated earlier this year. Now, the network is bringing in crypto benefits for
Coinbase, recently reported a 27% drop in income and used over the last year. A dynamic or flat fee will be applied to all withdrawals. It was a first for the U.S.-based cryptocurrency exchange, and custodian as billionaire bitcoiners Cameron and Tyler Winklevoss are laying off 10% of Gemini’s workers.
Moonbeam has been down 5.24% in the last 24 hours. GLMR has been consolidating for a prolonged period. Recently, Moonbeam, the multi-chain application center on Polkadot, announced an integration with the privacy-oriented Calamari parachain and the availability of Manta’s native Calamari token, KMA. According to Moonriver, Calamari will be placed
The NFT space is being disrupted by a new player making waves within the industry. EGO.com, an up-and-coming Cardano NFT marketplace, is barely a few weeks old but is already turning the heads of major retail and institutional investors for its promise to facilitate a “Digital Renaissance” in art. Analysts
