As private sector demand has decreased in tandem with the sell-off in cryptocurrencies for much of the last year. Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. According to Maddie Kennedy, the company’s senior director of communications, the layoffs will mostly affect members
The cryptocurrency market kick-off February with continued bullish momentum as the crypto king, Bitcoin (BTC), soared by over 45%, and the largest altcoin, Ethereum (ETH), surged around 40% in a month. At the time of writing, the global crypto market cap has a market cap of $1.12 trillion, which increased
Pick n Pay, a supermarket chain in South Africa, has accepted Bitcoin at 39 locations before rolling out the service company-wide. The rollout of Bitcoin acceptance took place over the course of the last three months of pilot testing. Customers at any of the retail locations in South Africa will
In its most recent meeting, the Federal Reserve Board decided to increase interest rates by another quarter of a percentage point. At this meeting, the Fed implemented its smallest interest rate rise since March 2022, signaling a moderation in the pace of its rapid tightening throughout 2022. As the Fed
The decentralized social media platform Damus, dubbed a “Twitter killer” by its developers, has been accepted into the Apple App Store. After what it says were at least three denials. The Damus team verified the permission to its 11,500 Twitter followers on January 31. Shortly after, Jack Dorsey, co-founder of
One of the leading banks, HSBC, has recently advertised several high-level roles in the cryptocurrency sector. Suggesting that it may soon join the burgeoning digital asset sector. Recent job postings indicate that the industry’s dominant financial institution is actively seeking to hire a Product Director with responsibility for managing “tokenization”
While the crypto market beholds a significant rally, the top cryptocurrencies outperform the market with bullish momentum. The king Bitcoin (BTC) has surpassed to $24,000 range, and the top altcoin Ethereum (ETH), is near $16,000. As, the global cryptocurrency market cap has surged to $1.05 trillion, which increased by 1.5%
A significant layer-1 privacy smart contract validator, the Secret Network has said it would stop providing nodes and support for the network. One of the largest validators, Smart Stake, declared on January 29 that it will stop operating validator nodes for the Secret Network on February 21. Smart Stake has
Osprey Funds, a digital asset manager, has sued Grayscale Investments, the operator of the biggest Bitcoin trust, in a U.S. court. Alleging that Grayscale Investments lied about the trust’s potential to convert into an exchange-traded fund (ETF). In court filings filed in Connecticut Superior Court. Osprey, which manages a competing
Investment management business New York Digital Investment Group’s (NYDIG) debt to Bitcoin mining firm Greenidge Generation Holdings has been drastically decreased. Greenidge transferred Bitcoin mining gear and some credits to NYDIG. As part of a series of agreements signed with NYDIG on January 30 relating to Greenidge’s secured debt. As
